XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Long-term Debt and Fair Value Disclosure
9 Months Ended
Jan. 31, 2017
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 $952,000 and $887,000 at January 31, 2017 and April 30, 2016, respectively. The Company has an aggregate $100,000 line of credit with $0 outstanding at January 31, 2017 and April 30, 2016.