Summary of Significant Accounting Policies - Common Stock Repurchases (Details Narrative) (USD $)
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3 Months Ended | 3 Months Ended | |||
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Jul. 31, 2011
StockRepurchaseMember
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Jul. 31, 2012
StockRepurchaseMember
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Apr. 10, 2012
StockRepurchaseMember
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Dec. 04, 2002
StockRepurchaseMember
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Jul. 31, 2012
Common Stock Repurchases
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Number of shares to authorized to repurchase | 1,000,000 | 828,000 | 500,000 | ||
Number of common shares repurchased | 137,664 | ||||
Cost to repurchase common stock | $ 142,262 | ||||
Total number of shares authorized for purchase | 818,436 | ||||
Common stock repurchases, description | On December 4, 2002, the Company announced an open market repurchase plan providing for the repurchase of up to 500,000 shares of the Company's common stock. On April 10, 2012, the Company announced the additional authorization to repurchase up to 828,000 shares of the Company's common stock which at that time made the total available for purchase of up to 1,000,000 shares. In fiscal 2013's first quarter ended July 31, 2012, the Company repurchased 137,664 shares for a total cost of $142,262, versus nil in the prior year first quarter. As of July 31, 2012, the total number of shares authorized for purchase under the program is 818,436 shares. |
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- Definition
The number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan. No definition available.
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- Definition
The remaining number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan. No definition available.
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- Definition
Description of share repurchase program authorized by an entity's Board of Directors. Include also the allocation of amounts paid to purchase treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares held for each class of treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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