EARNINGS PER SHARE

9 Months Ended

Jan. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE B – EARNINGS PER SHARE

Reconciliation of the weighted average shares outstanding for basic and diluted loss per share for the three and nine months ended January 31, 2021 and 2020, respectively, were as follows: 

	Periods ended January 31,
	Three months				Nine months
	2021		2020		2021		2020
Weighted average shares outstanding:
Basic EPS Shares outstanding (weighted average)		9,185,235		9,104,228		9,164,714		9,059,251
Effect of Dilutive Securities		**		**		**		**
Diluted EPS Shares outstanding		9,185,235		9,104,228		9,164,713		9,059,251

**For the three and nine-month periods ended January 31, 2021 and 2020 dilutive securities are excluded from the calculation of earnings per share since the inclusion of such shares would be antidilutive due to the net loss for those periods. The exercisable shares excluded for the three and nine months ended January 31, 2021 are 229,000 and 331,000 options, respectively. The effect of dilutive securities would have been 74,684 options and 59,154 options for the three- and nine-month periods ended January 31, 2021, respectively.