Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
9 Months Ended
Jan. 31, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

 

In February and March 2023, pursuant to the share repurchase programs, the Company repurchased 765,633 shares at a total cost, including commissions of approximately $2,294,000. Subsequent to these transactions there remained approximately $8,452,000 available to purchase additional shares of the Company’s common stock.

 

Increase to Authorized Shares

 

On March 14, 2023, pursuant to stockholder approval received at the Annual Meeting of Stockholders, the Company filed with the Secretary of State of the State of Nevada a Certificate of Change to its Articles of Incorporation, as amended, to increase the number of authorized shares of common stock from 33,333,334 to 133,333,334. The Certificate of Change had no impact on the number of authorized shares of preferred stock, which remains at 10,000,000.