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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2022
Apr. 30, 2021
Current assets:    
Cash and cash equivalents $ 11,561 $ 9,807
Marketable securities 9,964 10,313
Accounts receivable, net of allowance for doubtful accounts of $111 at April 30, 2022 and April 30, 2021 4,291 5,515
Contract assets 9,977 12,640
Inventories, net 19,906 19,661
Prepaid income taxes 269 444
Prepaid expenses and other 1,162 991
Total current assets 57,130 59,371
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 8,564 9,612
Goodwill 617 617
Cash surrender value of life insurance 9,855 15,396
Other assets 909 1,939
Right-of-Use assets – operating leases 8,805 9,773
Total assets 85,880 96,708
Current liabilities:    
Accounts payable – trade 1,080 1,080
Accrued liabilities 3,696 5,245
Loss provision accrual 4,243 57
Operating lease liability, current portion 1,744 1,715
Contract liabilities 12,218 10,692
Total current liabilities 22,981 18,789
Deferred compensation 8,730 14,017
Deferred taxes 8 8
Operating lease liability – non-current 7,353 8,366
Other liabilities 120 119
Total liabilities 39,192 41,299
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued
Common stock - $1.00 par value; authorized 20,000 shares, 9,298 shares issued and 9,297 shares outstanding at April 30, 2022; 9,226 shares issued and 9,225 shares outstanding at April 30, 2021 9,298 9,226
Additional paid-in capital 57,956 57,355
Accumulated deficit (20,120) (11,457)
Common stock reacquired and held in treasury - at cost (1 share at April 30, 2022 and April 30, 2021) (6) (6)
Accumulated other comprehensive income (loss) (440) 291
Total stockholders’ equity 46,688 55,409
Total liabilities and stockholders’ equity $ 85,880 $ 96,708