Income (Loss) Per Share

6 Months Ended

Oct. 31, 2014

Income (Loss) Per Share [Abstract]

Loss Per Share

10.Income (Loss) Per Share

Basic income (loss) per share is computed by dividing net income (loss) less dividends payable on preferred stock by the weighted-average number of common shares outstanding during the reporting period. Diluted income (loss) per share is computed similar to basic loss per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.   

(in thousands, except  per share amounts)		Three Months Ended				Six Months Ended
		October 31,				October 31,
		2014		2013		2014		2013
Net income (loss)	$	25	$	(210)	$	(223)	$	(843)
Dividends paid and payable on preferred stock		-		-		-		(66)
Net income (loss) available to common stockholders	$	25	$	(210)	$	(223)	$	(909)
Weighted-average shares of common stock outstanding, basic		16,384		16,384		16,384		15,841
Effect of dilutive securities		-		-		-		-
Weighted-average shares of common stock outstanding, diluted		16,384		16,384		16,384		15,841
Income (loss) per share of common stock:
Basic	$	0.00	$	(0.01)	$	(0.01)	$	(0.06)
Diluted	$	0.00	$	(0.01)	$	(0.01)	$	(0.06)
Antidilutive securities
Number of stock options		1,149		1,521		1,149		1,521
Number of warrants		719		909		719		909

Potentially dilutive securities that are not included in the diluted net loss calculation are antidilutive because the exercise prices of these securities are greater than the average market price of the stock during the respective periods.