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Consolidated Condensed Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Oct. 31, 2019 | Oct. 31, 2018 | Oct. 31, 2019 | Oct. 31, 2018
Revenues: |  |  |  |
Revenues | $ 10,080,000 | $ 9,051,000 | $ 19,697,000 | $ 18,022,000
Expenses: |  |  |  |
Advertising and promotion | 702,000 | 642,000 | 1,645,000 | 1,562,000
Salaries and employee benefits | 4,391,000 | 4,268,000 | 8,776,000 | 8,747,000
Production and distribution | 1,245,000 | 1,268,000 | 2,410,000 | 2,583,000
Office and administration | 1,113,000 | 1,113,000 | 2,212,000 | 2,100,000
Total expenses | 7,451,000 | 7,291,000 | 15,043,000 | 14,992,000
Income from operations | 2,629,000 | 1,760,000 | 4,654,000 | 3,030,000
Revenues and profits interests in EAM Trust | 3,058,000 | 2,384,000 | 5,929,000 | 4,655,000
Income from securities transactions, net | 143,000 | 123,000 | 284,000 | 237,000
Income before income taxes | 5,830,000 | 4,267,000 | 10,867,000 | 7,922,000
Income tax provision | 1,619,000 | 965,000 | 2,966,000 | 1,516,000
Net income | $ 4,211,000 | $ 3,302,000 | $ 7,901,000 | $ 6,406,000
Earnings per share, basic & fully diluted (in dollars per share) | $ 0.44 | $ 0.34 | $ 0.82 | $ 0.66
Weighted average number of common shares (in shares) | 9,656,836 | 9,689,334 | 9,658,734 | 9,689,388
Subscription and Circulation [Member] |  |  |  |
Revenues: |  |  |  |
Revenues | $ 6,949,000 | $ 7,262,000 | $ 13,982,000 | $ 14,554,000
License [Member] |  |  |  |
Revenues: |  |  |  |
Revenues | $ 3,131,000 | $ 1,789,000 | $ 5,715,000 | $ 3,468,000

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