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Long-term Debt and Fair Value Disclosure
6 Months Ended
Oct. 31, 2016
Long-Term Debt and Fair Value Disclosure [Abstract]  
Long-term Debt and Fair Value Disclosure
Long-Term Debt and Fair Value Disclosure
The fair value of the Company’s long-term debt is estimated based on the current rates offered to the Company for debt of the same or similar issues. The fair value of the Company’s long-term debt was approximately $976,000 and $887,000 at October 31, 2016 and April 30, 2016, respectively. The Company has an aggregate $100,000 line of credit with $0 outstanding at October 31, 2016 and April 30, 2016.