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Note 5 - Long-term Debt and Fair Value Disclosure
3 Months Ended
Jul. 31, 2014
Notes to Financial Statements  
Fair Value Disclosures [Text Block]
5. 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
$894,000 and $841,000, respectively,
at
July
31,
2014
and April 30,
2014
.
The Company has an aggregate $
100,000
line of credit with
no balance
owed at July 31,
2014
and
April 30,
2014, respectively.