Income Taxes |
9 Months Ended |
|---|---|
Jan. 31, 2024 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 6 – Income Taxes
For the three and nine months ended January 31, 2024, the Company recorded an income tax benefit of $1,713,999 and $2,339,288, respectively. For the three and nine months ended January 31, 2023, the Company recorded income tax expense of $697,000 and $499,000, respectively. Included in the income tax benefit for the nine months ended January 31, 2024 is an employee retention credit (“ERC”) of $508,292, as provided under the Coronavirus Aid, Relief and Economic Security Act. The ERC is a tax incentive available to the Company for retaining employees during the economic challenges posed by the COVID-19 pandemic.
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