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Subsequent Events | 9 Months Ended
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Jan. 31, 2014
Subsequent Events [Abstract] |
Subsequent Events | Note 13 - Subsequent Events: During February 2014, the Company became aware that a portfolio of third party sponsored assets managed utilizing Value Line’s proprietary copyright data was moved to a new subadvisor, which was beyond the Company’s control. The Company estimates that the decrease in portfolio assets will result in reduced copyright data fees of approximately $700,000 per year.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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