XML 27 R13.htm IDEA: XBRL DOCUMENT

LEASES

12 Months Ended

Apr. 30, 2012

7. LEASES

On April 12, 2012, the Company entered into an amendment agreement to extend the term of its building lease to November 30, 2015. Commencing December 1, 2012, the monthly base rent payments will be $13,900 for the first year of the lease and $14,400 and $15,000 for years two and three, respectively. The agreement also provides for one month of free rent.

Future minimum lease payments for all operating leases are as follows (in thousands):

For Fiscal Year Ending April 30,	Minimum Lease Payments
2013	$	194
2014		159
2015		180
2016		107
	$	640

Rent expense for all operating leases for the years ended April 30, 2012 and 2011 was $202,000 and $190,000, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details