EARNINGS (LOSS) PER SHARE

6 Months Ended

Oct. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE B – EARNINGS (LOSS) PER SHARE

Reconciliation of the weighted average shares outstanding for basic and diluted earnings (loss) per share for the three and six months ended October 31, 2022 and 2021, respectively, were as follows:

	Periods ended October 31,
	Three months				Six months
	2022		2021		2022		2021
Weighted average shares outstanding:
Basic EPS Shares outstanding (weighted average)		9,326,347		9,256,255		9,317,143		9,246,240
Effect of Dilutive Securities		**		45,273		**		**
Diluted EPS Shares outstanding		9,326,347		9,301,528		9,317,143		9,246,240

** For the three months ended October 31, 2022 and six months ended October 31, 2022 and 2021, 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 six-months ended October 31, 2022 was 243,625 shares, respectively. The exercisable shares excluded for the three and six-months ended October 31, 2021 were 198,000 and 223,000 shares, respectively.