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Fair Value Disclosure
3 Months Ended
Jul. 31, 2012
Fair Value Disclosure [Abstract]  
Fair Value Disclosure

4. 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 $737,000 and $691,000, respectively, at July 31, 2012 and April 30, 2012.  The Company has an aggregate $100,000 line of credit with no balance owed at July 31, 2012 or at April 30, 2012.