Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

v3.5.0.2
Employee Benefit Plan
12 Months Ended
Apr. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plan

Note 12. Employee Benefit Plan

 

The Company has a defined contribution plan (the “Plan”) which is available to all qualified employees. Employees may elect to contribute a portion of their compensation to the Plan, subject to certain limitations. The Company contributes a percentage of the employee’s contribution, subject to a maximum of 4.5 percent. The Company’s matching contributions aggregated approximately $99,000 and $151,000 in 2016 and 2015 respectively.