Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Jan. 31, 2018	Apr. 30, 2017
Current Assets:
Cash and cash equivalents (including short term investments of $3,716 and $6,066, respectively)	$ 4,218,000	$ 6,557,000
Securities available-for-sale	18,404,000	16,576,000
Accounts receivable, net of allowance for doubtful accounts of $15 and $20, respectively	2,803,000	1,018,000
Prepaid and refundable income taxes	606,000	72,000
Prepaid expenses and other current assets	1,161,000	1,567,000
Total current assets	27,192,000	25,790,000
Long-term assets:
Investment in EAM Trust	58,350,000	58,223,000
Restricted money market investment	469,000	469,000
Property and equipment, net	1,433,000	1,239,000
Capitalized software and other intangible assets, net	392,000	1,003,000
Total long-term assets	60,644,000	60,934,000
Total assets	87,836,000	86,724,000
Current Liabilities:
Accounts payable and accrued liabilities	1,270,000	1,257,000
Accrued salaries	1,380,000	1,285,000
Dividends payable	3,686,000	1,748,000
Accrued taxes on income	22,000	112,000
Unearned revenue	18,361,000	20,188,000
Total current liabilities	24,719,000	24,590,000
Long-term liabilities:
Unearned revenue	5,751,000	5,471,000
Deferred charges	876,000	432,000
Deferred income taxes	11,972,000	18,377,000
Total long-term liabilities	18,599,000	24,280,000
Total liabilities	43,318,000	48,870,000
Shareholders' Equity:
Common stock, $0.10 par value; authorized 30,000,000 shares; issued 10,000,000 shares	1,000,000	1,000,000
Additional paid-in capital	991,000	991,000
Retained earnings	45,288,000	39,186,000
Treasury stock, at cost (299,485 and 288,335 shares, respectively)	(3,972,000)	(3,781,000)	[1],[2]
Accumulated other comprehensive income, net of tax	1,211,000	458,000
Total shareholders' equity	44,518,000	37,854,000
Total liabilities and shareholders' equity	$ 87,836,000	$ 86,724,000

[1] Includes 85,219 shares with a total average cost of $1,036,000 that were acquired during the former repurchase program, which was authorized in January 2011 and expired in January 2012; 18,400 shares were acquired prior to January 2011.

[2] Were acquired during the $3 million repurchase program authorized in September 2012.