NOTE B - DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Oct. 31, 2017

Consolidated Statements of Operations and Comprehensive (Loss) Income [Member]

NOTE B - DISCONTINUED OPERATIONS (Tables) [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Summarized operating results for the Gillam discontinued operations, for the three and six months ended October 31, 2017 and 2016 respectively, are as follows:

	Six months						Three months
	Periods ended October 31,
	2017			2016			2017			2016
	(UNAUDITED)			(UNAUDITED)			(UNAUDITED)			(UNAUDITED)
	(In thousands except par value)
Revenues	$	1,955		$	2,294		$	943		$	1,448
Cost of Revenues		1,390			1,621			674			1,064
Gross Margin		565			673			269			384
Selling and administrative expenses		703			950			346			456
Research and development expenses		268			277			118			94
Operating Loss		(406	)		(554	)		(195	)		(166	)
Other income (expense):
Investment (loss) income
Other income (expense), net		(3	)		(3	)		(2	)		(2	)
Loss before provision for income taxes		(409	)		(557	)		(197	)		(168	)
Benefit for income taxes		1			-			5			-
Net Loss	$	(408	)	$	(557	)	$	(192	)	$	(168	)

Balance Sheets [Member]

NOTE B - DISCONTINUED OPERATIONS (Tables) [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The carrying amounts of assets and liabilities for the Gillam discontinued operations are as follows:

	October 31,		April 30,
	2017		2017
Cash and cash equivalents	$	794	$	575
Accounts receivable, net of allowance for doubtful accounts		2,525		3,202
Inventories, net		4,633		3,980
Prepaid expenses and other		205		408
Total current assets of discontinued operations	$	8,157	$	8,165
Property, plant and equipment, at cost, net of accumulated depreciation and amortization	$	547	$	555
Investments		15		14
Deferred taxes – non-current		-		-
Total non-current assets of discontinued operations	$	562	$	569
Accounts payable – trade	$	1,004	$	949
Accrued liabilities		974		1,300
Total current liabilities of discontinued operations		1,978		2,249
Deferred rent and other liabilities		1,387		1,215
Total non-current liabilities of discontinued operations	$	1,387	$	1,215