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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

 

The following table sets forth information regarding the Company’s performance and the “compensation actually paid” to the Company’s named executive officers, as calculated in accordance with Item 402(v) of Regulation S-K.

 

Pay Versus Performance
  Summary
Compensation
Table total for
PEO(1)
   Compensation
actually paid
to PEO
   Average
summary
compensation
table total for
non-PEO
named
executive
officers(2)
   Average
compensation
actually paid
to non-PEO named
executive
officers
   Value of initial
fixed $100
investment
based on total
shareholder
return(3)
   Net
Income
 
Year  ($)   ($)   ($)   ($)   ($)   ($) 
2026   734,100    874,462(4)    313,100    335,791(5)    198.20    10,386,000 
2025   688,800    845,600(6)    281,600    286,800(7)    162.23    12,716,000 
2024   692,700    1,087,600(8)    283,300    311,000(9)    145.23    6,690,000 
(1)Christopher V. Vitale served as principal executive officer (“PEO”) of the Company for 2026, 2025 and 2024.

 

(2)Adrienne M. Uleau, Chief Financial Officer and Vice President of the Company, served as the only non-PEO named executive officer of the Company for 2026, 2025 and 2024.

 

(3)For purposes of calculating total shareholder return, the measurement period is the market close on the last trading day in 2023, through and including the end of the fiscal year for which total shareholder return is being calculated. The closing price per share of the Company’s common stock on the last trading day in 2023 was $13.90, in 2024 was $20.28, in 2025 was $22.55 and in 2026 was $27.55.

 

(4)For compensation actually paid to PEO in 2026 (rounded to nearest hundred), the Summary Compensation Table total for the PEO is adjusted to reflect the following changes:

 

$176,000 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2026;

 

$220,400 was added representing the fair value as of the end of 2026 of all stock or option awards granted during 2026 that are outstanding and unvested as of the end of 2026;

 

$92,013 was added representing the change as of the end of 2026 (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 that are outstanding and unvested as of the end of 2026; and

 

$3,948 was added representing the change as of the vesting date (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 for which all applicable vesting conditions were satisfied at the end of or during 2026.

 

(5)For compensation actually paid to non-PEO named executive officers in 2026 (rounded to nearest hundred), the Summary Compensation Table total for the non-PEO named executive officers is adjusted to reflect the following changes:

 

$46,000 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2026;
$57,855 was added representing the fair value as of the end of 2026 of all stock or option awards granted during 2026 that are outstanding and unvested as of the end of 2026;

 

$9,800 was added representing the change as of the end of 2026 (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 that are outstanding and unvested as of the end of 2026; and

 

$1,036 was added representing the change as of the vesting date (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 for which all applicable vesting conditions were satisfied at the end of or during 2026.

 

(6)For compensation actually paid to PEO in 2025 (rounded to nearest hundred), the Summary Compensation Table total for the PEO is adjusted to reflect the following changes:

 

$156,900 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2025;

 

$162,360 was added representing the fair value as of the end of 2025 of all stock or option awards granted during 2025 that are outstanding and unvested as of the end of 2025;

 

$153,087 was added representing the change as of the end of 2025 (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 that are outstanding and unvested as of the end of 2025; and

 

$1,776 was deducted representing the change as of the vesting date (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 for which all applicable vesting conditions were satisfied at the end of or during 2025.

 

(7)For compensation actually paid to non-PEO named executive officers in 2025 (rounded to nearest hundred), the Summary Compensation Table total for the non-PEO named executive officers is adjusted to reflect the following changes:

 

$41,200 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2025;

 

$42,620 was added representing the fair value as of the end of 2025 of all stock or option awards granted during 2025 that are outstanding and unvested as of the end of 2025;

 

$4,759 was added representing the change as of the end of 2025 (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 that are outstanding and unvested as of the end of 2025; and

 

$943 was deducted representing the change as of the vesting date (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 for which all applicable vesting conditions were satisfied at the end of or during 2025.

 

(8)For compensation actually paid to PEO in 2024 (rounded to nearest hundred), the Summary Compensation Table total for the PEO is adjusted to reflect the following changes:

 

$153,900 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2024;

 

$162,272 was added representing the fair value as of the end of 2024 of all stock or option awards granted during 2024 that are outstanding and unvested as of the end of 2024;

 

$356,316 was added representing the change as of the end of 2024 (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 that are outstanding and unvested as of the end of 2024; and

 

$30,197 was added representing the change as of the vesting date (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 for which all applicable vesting conditions were satisfied at the end of or during 2024.
(9)For compensation actually paid to non-PEO named executive officers in 2024 (rounded to nearest hundred), the Summary Compensation Table total for the non-PEO named executive officers is adjusted to reflect the following changes:

 

$40,400 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2024;

 

$42,596 was added representing the fair value as of the end of 2024 of all stock or option awards granted during 2024 that are outstanding and unvested as of the end of 2024;

 

$14,262 was added representing the change as of the end of 2024 (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 that are outstanding and unvested as of the end of 2024; and

 

$11,241 was added representing the change as of the vesting date (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 for which all applicable vesting conditions were satisfied at the end of or during 2024.
     
Named Executive Officers, Footnote
(1)Christopher V. Vitale served as principal executive officer (“PEO”) of the Company for 2026, 2025 and 2024.
(2)Adrienne M. Uleau, Chief Financial Officer and Vice President of the Company, served as the only non-PEO named executive officer of the Company for 2026, 2025 and 2024.
     
PEO Total Compensation Amount $ 734,100 $ 688,800 $ 692,700  
PEO Actually Paid Compensation Amount $ 874,462 845,600 1,087,600  
Adjustment To PEO Compensation, Footnote
(4)For compensation actually paid to PEO in 2026 (rounded to nearest hundred), the Summary Compensation Table total for the PEO is adjusted to reflect the following changes:
$176,000 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2026;
$220,400 was added representing the fair value as of the end of 2026 of all stock or option awards granted during 2026 that are outstanding and unvested as of the end of 2026;
$92,013 was added representing the change as of the end of 2026 (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 that are outstanding and unvested as of the end of 2026; and
$3,948 was added representing the change as of the vesting date (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 for which all applicable vesting conditions were satisfied at the end of or during 2026.
(6)For compensation actually paid to PEO in 2025 (rounded to nearest hundred), the Summary Compensation Table total for the PEO is adjusted to reflect the following changes:
$156,900 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2025;
$162,360 was added representing the fair value as of the end of 2025 of all stock or option awards granted during 2025 that are outstanding and unvested as of the end of 2025;
$153,087 was added representing the change as of the end of 2025 (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 that are outstanding and unvested as of the end of 2025; and
$1,776 was deducted representing the change as of the vesting date (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 for which all applicable vesting conditions were satisfied at the end of or during 2025.
(8)For compensation actually paid to PEO in 2024 (rounded to nearest hundred), the Summary Compensation Table total for the PEO is adjusted to reflect the following changes:
$153,900 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2024;
$162,272 was added representing the fair value as of the end of 2024 of all stock or option awards granted during 2024 that are outstanding and unvested as of the end of 2024;
$356,316 was added representing the change as of the end of 2024 (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 that are outstanding and unvested as of the end of 2024; and
$30,197 was added representing the change as of the vesting date (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 for which all applicable vesting conditions were satisfied at the end of or during 2024.
     
Non-PEO NEO Average Total Compensation Amount $ 313,100 281,600 283,300  
Non-PEO NEO Average Compensation Actually Paid Amount $ 335,791 286,800 311,000  
Adjustment to Non-PEO NEO Compensation Footnote
(5)For compensation actually paid to non-PEO named executive officers in 2026 (rounded to nearest hundred), the Summary Compensation Table total for the non-PEO named executive officers is adjusted to reflect the following changes:
$46,000 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2026;
$57,855 was added representing the fair value as of the end of 2026 of all stock or option awards granted during 2026 that are outstanding and unvested as of the end of 2026;
$9,800 was added representing the change as of the end of 2026 (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 that are outstanding and unvested as of the end of 2026; and
$1,036 was added representing the change as of the vesting date (from the end of 2025) in fair value of any stock or option awards granted prior to 2026 for which all applicable vesting conditions were satisfied at the end of or during 2026.
(7)For compensation actually paid to non-PEO named executive officers in 2025 (rounded to nearest hundred), the Summary Compensation Table total for the non-PEO named executive officers is adjusted to reflect the following changes:
$41,200 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2025;
$42,620 was added representing the fair value as of the end of 2025 of all stock or option awards granted during 2025 that are outstanding and unvested as of the end of 2025;
$4,759 was added representing the change as of the end of 2025 (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 that are outstanding and unvested as of the end of 2025; and
$943 was deducted representing the change as of the vesting date (from the end of 2024) in fair value of any stock or option awards granted prior to 2025 for which all applicable vesting conditions were satisfied at the end of or during 2025.
(9)For compensation actually paid to non-PEO named executive officers in 2024 (rounded to nearest hundred), the Summary Compensation Table total for the non-PEO named executive officers is adjusted to reflect the following changes:
$40,400 was deducted representing the amount reported in the Stock Awards and Option Awards columns of the Summary Compensation Table in 2024;
$42,596 was added representing the fair value as of the end of 2024 of all stock or option awards granted during 2024 that are outstanding and unvested as of the end of 2024;
$14,262 was added representing the change as of the end of 2024 (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 that are outstanding and unvested as of the end of 2024; and
$11,241 was added representing the change as of the vesting date (from the end of 2023) in fair value of any stock or option awards granted prior to 2024 for which all applicable vesting conditions were satisfied at the end of or during 2024.
     
Compensation Actually Paid vs. Total Shareholder Return

 

     
Compensation Actually Paid vs. Net Income

 

     
Total Shareholder Return Amount $ 198.2 162.23 145.23  
Net Income (Loss) $ 10,386,000 $ 12,716,000 $ 6,690,000  
PEO Name Christopher V. Vitale      
Shares Issued, Price Per Share $ 27.55 $ 22.55 $ 20.28 $ 13.9
PEO | Christopher V. Vitale [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (176,000) $ (156,900) $ (153,900)  
PEO | Christopher V. Vitale [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 220,400 162,360 162,272  
PEO | Christopher V. Vitale [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 92,013 153,087 356,316  
PEO | Christopher V. Vitale [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,948 (1,776) 30,197  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (46,000) (41,200) (40,400)  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 57,855 42,620 42,596  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,800 4,723 14,262  
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,036 $ (943) $ 11,241