Nevada Gold & Casinos (UWN) 10-Q 13 Sep 18 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jul. 31, 2018	Sep. 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Entity Registrant Name	NEVADA GOLD & CASINOS INC
Entity Central Index Key	277,058
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Trading Symbol	UWN
Entity Common Stock, Shares Outstanding		16,848,182

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Current assets:
Cash and cash equivalents	$ 8,423,498	$ 9,508,931
Restricted cash	2,517,272	2,369,063
Accounts receivable, net of allowances	297,858	345,403
Prepaid expenses	1,015,129	1,058,726
Inventory and other current assets	344,096	341,299
Assets held for sale	13,791,349	607,180
Total current assets	26,389,202	14,230,602
Real estate held for sale	750,000	750,000
Goodwill	14,092,154	14,092,154
Intangible assets, net of accumulated amortization	2,274,504	2,289,485
Property and equipment, net of accumulated depreciation	3,215,451	3,254,367
Deferred tax asset	718,495	704,044
Assets held for sale	0	13,597,772
Other assets	208,861	204,672
Total assets	47,648,667	49,123,096
Current liabilities:
Accounts payable and accrued liabilities	1,410,571	1,350,263
Accrued payroll and related	1,302,381	1,810,626
Accrued player's club points and progressive jackpots	2,461,002	2,273,655
Liabilities held for sale	853,721	902,720
Total current liabilities	6,027,675	6,337,264
Long-term debt	6,817,794	7,895,240
Other long-term liabilities	622,322	637,207
Total liabilities	13,467,791	14,869,711
Stockholders' equity:
Common stock, $0.12 par value per share; 50,000,000 shares authorized; 18,715,985 shares issued and 16,848,182 shares outstanding at July 31, 2018, and April 30, 2018.	2,245,927	2,245,927
Additional paid-in capital	27,571,911	27,557,151
Retained earnings	13,556,970	13,644,239
Treasury stock, 1,867,803 and 1,867,803 shares at July 31, 2018, and April 30, 2018, respectively, at cost	(9,193,932)	(9,193,932)
Total stockholders' equity	34,180,876	34,253,385
Total liabilities and stockholders' equity	$ 47,648,667	$ 49,123,096

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2018	Apr. 30, 2018
Common stock, par value	$ 0.12	$ 0.12
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	18,715,985	18,715,985
Common stock, shares outstanding	16,848,182	16,848,182
Treasury stock, shares	1,867,803	1,867,803

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Revenues:
Other	$ 378,073	$ 411,596
Gross revenues	14,880,169	16,023,322
Less promotional allowances	0	(1,021,392)
Net revenues	14,880,169	15,001,930
Expenses:
Other	58,779	25,869
Marketing and administrative	4,474,984	4,359,431
Corporate	1,231,729	639,384
Depreciation and amortization	130,439	337,938
Gain on sale of assets	(57,692)	0
Total operating expenses	14,663,142	14,740,982
Operating income	217,027	260,948
Non-operating income (expenses):
Interest income	8,438	12,465
Interest expense and amortization of loan issue costs	(119,853)	(160,515)
Change in swap fair value	4,189	(3,965)
Income from continuing operations before income tax expense	109,801	108,933
Income tax expense	(24,207)	(35,918)
Income from continuing operations	85,594	73,015
(Loss) Income from discontinued operations, net of taxes	(137,438)	50,987
Net (loss) income	$ (51,844)	$ 124,002
Per share information:
Income from continuing operations per common share - basic	$ 0.01	$ 0.01
Income from continuing operations per common share - diluted	0	0
Income from discontinued operations per common share - basic and diluted	(0.01)	0
Net income per common share - basic and diluted	$ 0	$ 0.01
Casino [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	$ 12,012,719	$ 13,251,312
Expenses:
Cost of Goods and Services Sold	6,172,939	7,717,485
Food and beverage [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	2,489,377	2,360,414
Expenses:
Cost of Goods and Services Sold	2,203,490	1,241,092
Facility [Member]
Expenses:
Cost of Goods and Services Sold	$ 448,474	$ 419,783

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Cash flows from operating activities:
Net (loss) income	$ (51,844)	$ 124,002
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss (income) from discontinued operations	137,438	(50,987)
Depreciation and amortization	130,439	337,938
Stock compensation	12,570	58,537
Amortization of deferred loan issuance costs	22,554	24,360
Change in deferred rent	(14,883)	724
Change in swap fair value	(4,189)	3,965
Gain on disposal of assets	(57,692)	0
Changes in deferred income taxes	(14,451)	60,332
Changes in operating assets and liabilities:
Receivables and other assets	74,640	(597,868)
Accounts payable and accrued liabilities	(198,615)	(693,574)
Net cash provided by (used in) operating activities	35,967	(732,571)
Cash flows from investing activities:
Collections on notes receivable	0	75,973
Purchase of property and equipment	(67,121)	(225,984)
Distribution from discontinued operations	195,960	562,100
Net cash provided by investing activities	128,839	412,089
Cash flows from financing activities:
Purchase of treasury stock	0	(1,624,635)
Repayment of credit facilities	(1,100,000)	(700,000)
Proceeds from credit facilities	0	700,000
Cash proceeds from exercise of stock options	0	6,150
Net cash used in financing activities	(1,100,000)	(1,618,485)
Cash flows used in discontinued operations:
Cash flows from operating activities	218,050	236,361
Cash flows used in investing activities	(24,120)	(31,623)
Cash flows used in financing activities	(195,960)	(562,100)
Net cash used in discontinued operations	(2,030)	(357,362)
Net decrease in cash, cash equivalents and restricted cash	(937,224)	(2,296,329)
Cash, cash equivalents and restricted cash at beginning of period	11,877,994	12,626,215
Cash, cash equivalents and restricted cash at end of period	10,940,770	10,329,886
Supplemental cash flow information:
Cash paid for interest	$ 98,846	$ 137,589

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jul. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The interim financial information included herein is unaudited. However, the accompanying condensed consolidated financial statements include all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly our condensed consolidated balance sheets at July 31, 2018 and April 30, 2018, condensed consolidated statements of operations for the three months ended July 31, 2018 and 2017, and condensed consolidated statements of cash flows for the three months ended July 31, 2018 and 2017. Although we believe the disclosures in these financial statements are adequate to make the interim information presented not misleading, certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission (“SEC”) rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements for the year ended April 30, 2018 and the notes thereto included in our Annual Report on Form 10-K. The results of operations for the three months ended July 31, 2018 are not necessarily indicative of the results expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and disclosure of contingent liabilities. On an ongoing basis, we evaluate our estimates, including those related to bad debts, investments, intangible assets and goodwill, property, plant and equipment, income taxes, employment benefits and contingent liabilities. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Certain reclassifications have been made to conform prior year financial information to the current period presentation. Those reclassifications did not impact operating income, net income, working capital or stockholders’ equity. As of July 27, 2018, Club Fortune met the requirements for presentation as assets held for sale and discontinued operations under generally accepted accounting principles (see Note 13). Accordingly, the operations of Club Fortune have been classified as discontinued operations and Club Fortune’s assets and liabilities have been classified as held for sale for all periods presented .

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Critical Accounting Policies	Note 2. Significant Accounting Policies Revenue Recognition During the current quarter, we adopted Accounting Standards Codification Topic 606, Revenue from Contracts with Customers : Three Months Ended July 31, 2018 July 31, 2017 Food and beverage $ 937,446 $ 979,734 Other 39,361 41,658 Total complimentries $ 976,807 $ 1,021,392 Fair Value U.S. generally accepted accounting principles defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy categorizes assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. The three levels are as follows: Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities. Level 2 – Other inputs that are observable directly or indirectly such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 – Unobservable inputs for which there is little or no market data and for which we make our own assumptions about how market participants would price the assets and liabilities. The following describes the valuation methodologies used by us to measure fair value: Real estate held for sale is recorded at fair value less selling costs. Goodwill and indefinite lived intangible assets are recorded at carrying value and tested for impairment annually, or more frequently, using projections of discounted future cash flows. Interest rate swaps are adjusted on a recurring basis pursuant to accounting standards for fair value measurements. We categorize our interest rate swap as Level 2 for fair value measurement. Concentrations of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk are primarily notes receivable, cash and cash equivalents, accounts receivable and payable, and long term debt. Management performs periodic evaluations of the collectability of these notes and accounts receivable. Our cash deposits are held with large, well-known financial institutions, and, at times, such deposits may be in excess of the federally insured limit. The recorded value of cash, accounts receivable and payable, approximate fair value based on their short term nature; the recorded value of long term debt approximates fair value as interest rates approximate current market rates. New Accounting Pronouncements and Legislation Issued Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued amended accounting guidance that changes the accounting for leases and requires expanded disclosures about leasing activities. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability, measured on a discounted basis, at the commencement date for all leases with terms greater than twelve months. Lessor accounting will remain largely unchanged, other than certain targeted improvements intended to align lessor accounting with the lessee accounting model and with the updated revenue recognition guidance. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The amended guidance is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2018, and early application is permitted. The Company is currently evaluating the impact this guidance will have on its financial position and results of operations. Revenue Recognition In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Revenue from Contracts with Customers - Deferral of the Effective Date The Company adopted ASC 606 during the first quarter 2019 using the modified retrospective approach to all contracts as of the date of initial application, which was May 1, 2018. Adoption of the new revenue standard principally affected (1) how we measure the liability associated with our loyalty program and (2) the classification and, as it related to the measurement of revenues and expenses between gaming; food and beverage; and retail, and other. The modified retrospective approach required the Company to recognize the impact of adopting ASC 606 as a cumulative effect adjustment to our beginning retained earnings, which was an decrease of $35,425 as of May 1, 2018. The cumulative effect adjustment related exclusively to re-measuring the liability associated with the loyalty program from a cost approach to an approach that reflects the estimated stand alone selling price (SSP) of the reward credits and certain tier benefits. In addition, the modified retrospective approach required the Company to provide disclosures describing the financial statement line items impacted by the new revenue standard (see below). Prior to the adoption of ASC 606, we determined our liability for loyalty reward credits based on the estimated costs of goods and services to be provided and estimated redemption rates. Upon adoption of ASC 606, points awarded under our loyalty program constitute a material right and, as such, represent a performance obligation associated with the gaming contracts. Therefore, ASC 606 required us to allocate the revenues associated with the players’ activity between gaming revenue and the estimated SSP of the reward credits. In addition to the above, prior to the adoption of ASC 606, complimentary revenues pertaining to food and beverage and retail were included in gross revenues and excluded from net revenues through promotional allowances in the unaudited Condensed Consolidated Statements of Operations and the estimated costs of providing such complimentary goods and services were included as gaming expenses in the unaudited Condensed Consolidated Statements of Operations. However, subsequent to the adoption of ASC 606, food and beverage, and other services furnished to our guests on a complimentary basis is measured at the estimated SSP and included as revenues within food and beverage and other as appropriate, in the unaudited Condensed Consolidated Statements of Operations, with a corresponding decrease in gaming revenues. Additionally, subsequent to the adoption of ASC 606, the costs of providing such complimentary goods and services is included as expenses within food and beverage and other as appropriate, in the unaudited Condensed Consolidated Statements of Operations. The amount by which each line item in continuing operations in our unaudited Condensed Consolidated Statement of Operations for the three months ended July 31, 2018 was affected by the new revenue standard as compared with the accounting guidance that was in effect before the change was as follows: For the three months ended July 31, 2018 As Reported - ‎ With Adoption of ‎ ASC 606 As Adjusted - Without Adoption ‎ of ASC 606 Effect of Accounting ‎ Change ‎ Increase/(Decrease) Revenues: Casino $ 12,012,719 $ 12,985,848 $ (973,129 ) Food and beverage 2,489,377 2,489,377 - Other 378,073 378,073 - Gross revenues 14,880,169 15,853,298 (973,129 ) Less promotional allowances - (976,807 ) 976,807 Net revenues 14,880,169 14,876,491 3,678 Expenses: Casino 6,172,939 6,986,273 (813,334 ) Food and beverage 2,203,490 1,417,389 786,101 Other 58,779 27,868 30,911 Marketing and administrative 4,474,984 4,474,984 - Facility 448,474 448,474 - Corporate 1,231,729 1,231,729 - Depreciation and amortization 130,439 130,439 - Gain on sale of assets (57,692 ) (57,692 ) - Total operating expenses 14,663,142 14,659,464 3,678 Operating income $ 217,027 $ 217,027 $ - Net loss $ (51,844 ) $ (51,844 ) $ - Restricted Cash In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows - Restricted Cash (Topic 230) A variety of proposed or otherwise potential accounting guidance is currently under study by standard-setting organizations and certain regulatory agencies. Due to the tentative and preliminary nature of such proposed accounting guidance, the Company has not yet determined the effect, if any, that the implementation of such proposed accounting guidance would have on its consolidated financial statements.

Restricted Cash

Restricted Cash	3 Months Ended
	Jul. 31, 2018
Restricted Cash and Investments [Abstract]
Restricted Cash	Note 3. Restricted Cash As of July 31, 2018 and April 30, 2018, we maintained $2,517,272 and $2,369,063, respectively, in restricted cash, which consists of player-supported jackpot funds for our Washington operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jul. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 4. Goodwill and Intangible Assets In connection with our acquisitions of the Washington mini-casinos on May 12, 2009, July 23, 2010 and July 18, 2011, we have goodwill and intangible assets of $16,366,658, net of amortization for intangible assets with finite lives. The change in the carrying amount of goodwill and other intangible assets for the three months ended July 31, 2018, is as follows: Total Goodwill Other Intangibles, net Balance as of April 30, 2018 $ 16,381,639 $ 14,092,154 $ 2,289,485 Current year amortization (14,981 ) - (14,981 ) Balance as of July 31, 2018 $ 16,366,658 $ 14,092,154 $ 2,274,504 Goodwill and net intangibles assets by segment as of July 31, 2018, are as follows: Total Goodwill Other Intangibles, net Washington $ 15,954,154 $ 14,092,154 $ 1,862,000 Corporate 412,504 - 412,504 Total $ 16,366,658 $ 14,092,154 $ 2,274,504 Intangible assets are generally amortized on a straight line basis over the useful lives of the assets. State gaming registration and trade names are not amortizable. A summary of intangible assets and accumulated amortization as of July 31, 2018, are as follows: Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 6,753,321 $ (6,753,321 ) $ - Non-compete agreements 1,018,000 (1,018,000 ) - State gaming registration 412,504 - 412,504 Trade names 1,862,000 - 1,862,000 Total $ 10,045,825 $ (7,771,321 ) $ 2,274,504 Goodwill represents the excess of the purchase price over the fair market value of net assets acquired. Goodwill for our Nevada operations was $2.7 million as of July 31, 2018 (see Note 13).

Property and Equipment

Property and Equipment	3 Months Ended
	Jul. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 5. Property and Equipment Property and equipment at July 31, 2018 and April 30, 2018, consist of the following: Estimated July 31, April 30, Service Life 2018 2018 in Years Building and improvements $ 1,661,367 $ 1,653,534 15-39 Gaming equipment 2,391,596 2,391,596 3-5 Furniture and office equipment 3,553,252 3,500,778 3-7 Land and improvements 87,750 87,750 n/a Leasehold improvements 1,715,221 1,711,641 7-20 Construction in progress 70,570 57,916 9,479,756 9,403,215 Less accumulated depreciation (6,264,305 ) (6,148,848 ) Property and equipment, net $ 3,215,451 $ 3,254,367

Long-Term Debt

Long-Term Debt	3 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Note 6. Long-Term Debt Our long-term financing obligations are as follows: July 31, April 30, 2018 2018 $23.0 million reducing revolving credit agreement, LIBOR plus an Applicable Margin, $625,000 quarterly reductions beginning January 31, 2016 through November 30, 2020, and the remaining principal due on the maturity date of November 30, 2020, net of accumulated debt issuance costs of $82,206 and $104,760 at July 31, 2018 and April 30, 2018, respectively. $ 6,817,794 $ 7,895,240 Total long-term financing obligations $ 6,817,794 $ 7,895,240 On November 30, 2015, the Company amended its existing credit agreement with Mutual of Omaha Bank to increase the lending commitment to $23 million. The Amended and Restated Credit Agreement (“Credit Facility”) matures on November 30, 2020, and is secured by liens on substantially all of the real and personal property of the Company and its subsidiaries. The interest rate on the borrowing is based on LIBOR plus an Applicable Margin, determined quarterly beginning April 1, 2016, based on the total leverage ratio for the trailing twelve months. The interest rate on the balance as of July 31, 2018, is 4.58%. In addition, the Company was required to fix the interest rate on at least 50% of the credit facility through a swap agreement. As of July 31, 2018, principal reductions due on the Credit Facility are as follows: August 1, 2018 – July 31, 2019 $ - August 1, 2019 – July 31, 2020 - August 1, 2020 – November 30, 2020 6,900,000 Total payments 6,900,000 Unamortized debt discount (82,206 ) Total long-term debt $ 6,817,794 The unamortized debt discount above consists of debt costs paid directly to the lender. The discount is amortized using the effective interest method over the period of the Credit Facility through interest expense. During the quarter, we paid $1.1 million to reduce the outstanding balance of the Credit Facility. As of July 31, 2018, we have $9.2 million available to borrow per the Credit Agreement. The Credit Facility contains customary covenants for a facility of this nature, including, but not limited to, covenants requiring the preservation and maintenance of the Company’s assets and covenants restricting our ability to merge, transfer ownership, incur additional indebtedness, encumber assets and make certain investments. The Credit Facility also contains covenants requiring the Company to maintain certain financial ratios including a maximum total leverage ratio of 2.75 to 1.00 from February 1, 2017 through January 31, 2018, and 2.50 to 1.00 from February 1, 2018 until maturity; and lease adjusted fixed charge coverage ratio of no less than 1.15 to 1.00. We are in compliance with the covenant requirements of the Credit Facility as of July 31, 2018.

Interest Rate Swap

Interest Rate Swap	3 Months Ended
	Jul. 31, 2018
Interest Rate Swap [Abstract]
Interest Rate Swap	Note 7. Interest Rate Swap We are required by the Credit Facility to have a secured interest rate swap for at least 50% of the Credit Facility commitment. On December 28, 2015, the Company entered into a swap transaction with Mutual of Omaha Bank (“MOOB”), which has a calculation period as of the tenth day of each month through the maturity date of the Credit Facility. As of July 31, 2018, the Company had one outstanding interest rate swap with MOOB with a notional amount of $8,062,500 at a swap rate of 1.77%, which as of July 31, 2018, effectively converts our floating-rate debt to a synthetic fixed rate of 4.27%. Under the terms of the swap agreement, the Company pays a fixed rate of 1.77% and a receives variable rate based on one-month LIBOR as of the first day of each floating-rate calculation period. Under the International Swap Dealers Association, Inc. (“ISDA”) confirmation, the floating index as of July 31, 2018 is set at 2.08%. The Company did not designate the interest rate swap as a cash flow hedge and the interest rate swap did not qualify for hedge accounting under ASC Topic 815. Changes in our interest rate swap fair value are recorded in our condensed consolidated statements of operations. Each quarter, the Company receives fair value statements from the counterparty, MOOB. The fair value of the interest rate swap is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including forward interest rate curves. To comply with the provisions of ASC Topic 820, Fair Value Measurements and Disclosures, the Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. As a result of our evaluation of our interest rate swap as of July 31, 2018, we recorded a $4,189 increase in our interest rate swap fair value for the three months ended July 31, 2018. As of July 31, 2018 and April 30, 2018, our interest rate swap fair value is a $138,861 and $134,672 asset, which is included in other assets as of July 31, 2018 and April 30, 2018 on the condensed consolidated balance sheets.

Equity Transactions and Stock O

Equity Transactions and Stock Option Plan	3 Months Ended
	Jul. 31, 2018
Share-based Compensation [Abstract]
Equity Transactions and Stock Option Plans	Note 8. Equity Transactions and Stock Option Plan We have obligations under our 2009 Equity Incentive Plan (the “2009 Plan”). On April 14, 2009, our shareholders approved the 2009 Plan providing for the granting of awards to our directors, officers, employees and independent contractors. The number of common stock shares reserved for issuance under the 2009 Plan is 1,750,000 shares. The 2009 Plan is administered by the Compensation Committee (the “Committee”) of the Board of Directors. The Committee has complete discretion under the plan regarding the vesting and service requirements, exercise price and other conditions. Under the 2009 Plan, the Committee is authorized to grant the following types of awards:  Stock Options including Incentive Stock Options (“ISO”),  Options not intended to qualify as ISOs,  Stock Appreciation Rights, and  Restricted Stock Grants. Our practice has been to issue new or treasury shares upon the exercise of stock options. Stock option rights granted under the 2009 Plan generally have 5 or 10 year terms and vest in two or three equal annual installments, with some options grants providing for immediate vesting for a portion of the grant. During the quarter ended July 31, 2018, there were no stock grants issued, vested or forfeited. As of July 31, 2018, there were 69,200 unvested stock grants at a weighted average $2.23 value per share, as well as $105,817 of unamortized compensation cost related to stock grants, which is expected to be recognized over approximately 2.2 years. A summary of stock option activity under our share-based payment plan for the three months ended July 31, 2018 is presented below: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Options Price Term (Year) Value Outstanding at April 30, 2018 676,000 $ 1.10 Granted - Exercised - Forfeited or expired - Outstanding at July 31, 2018 676,000 $ 1.10 4.0 $ 626,360 Exercisable at July 31, 2018 676,000 $ 1.10 4.0 $ 626,360 Available for grant at July 31, 2018 507,611 Compensation cost for stock options granted is based on the fair value of each award, measured by applying the Black-Scholes model. As of July 31, 2018, there was no unamortized compensation cost related to stock options. Treasury Stock In July 2016, our board of directors approved a $2.0 million stock repurchase program to purchase our common stock in the open market or in privately negotiated transactions from time to time, in compliance with Rule 10b-18 of the Securities and Exchange Act of 1934, subject to market conditions, applicable legal requirements, loan covenants and other factors. The repurchase plan does not obligate the Company to acquire any specified number or value of common stock. During the three months ended July 31, 2018, the Company did not repurchase any shares. As of July 31, 2018, $1.7 million remains available under the share repurchase authorization.

Computation of Earnings Per Sha

Computation of Earnings Per Share	3 Months Ended
	Jul. 31, 2018
Earnings Per Share [Abstract]
Computation of Earnings Per Share	Note 9. Computation of Earnings Per Share The following is presented as a reconciliation of the numerators and denominators of basic and diluted earnings per share computations: Three Months Ended July 31, July 31, 2018 2017 Numerator: Basic and Diluted: Net income from continuing operations $ 85,594 $ 73,015 Net (loss) income from discontinued operations $ (137,438 ) $ 50,987 Net (loss) income $ (51,844 ) $ 124,002 Denominator: Basic weighted average number of common shares outstanding 16,848,182 17,425,581 Dilutive effect of common stock options and warrants 331,741 359,333 Diluted weighted average number of common shares outstanding 17,179,923 17,784,914 Per share information: Net income from continuing operations per common share - basic $ 0.01 $ 0.01 Net income from continuing operations per common share - diluted $ 0.00 $ 0.00 Net (loss) income from discontinued operations per common share - basic and diluted $ (0.01 ) $ 0.00 Net (loss) income per common share - basic and diluted $ (0.00 ) $ 0.01 Securities that could potentially dilute basic earnings per share were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10. Commitments and Contingencies We are party to contracts in the ordinary course of business, including leases for real property and operating leases for equipment. The expected remaining future annual minimum lease payments as of July 31, 2018, are as follows: Period Total August 2018 - July 2019 $ 3,298,251 August 2019 - July 2020 3,226,007 August 2020 - July 2021 3,086,663 August 2021 - July 2022 1,910,944 Thereafter 1,290,752 $ 12,812,617 We indemnified our officers and directors for certain events or occurrences while the director or officer is or was serving at our request in such capacity. The maximum potential amount of future payments we could be required to make under these indemnification obligations is unlimited; however, we have a Directors and Officers Liability Insurance policy that limits our exposure and enables us to recover a portion of any future amounts paid, provided that such insurance policy provides coverage.

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes The Tax Cuts and Jobs Act (“Tax Act”) was enacted on December 22, 2017. The Tax Act reduces the US federal corporate tax rate from 35% to 21%. At July 31,2018, we have not completed our accounting for the tax effects of enactment of the Act; however, in certain cases, as described below, we have made a reasonable estimate of the effects on our existing deferred tax balances. For any amounts we have not been able to make a reasonable estimate, we will continue to account for those items based on our existing accounting under ASC 740, Income Taxes, and the provisions of the tax laws that were in effect immediately prior to enactment. In all cases, we will continue to make and refine our calculations as additional analysis is completed. In addition, our estimates may also be affected as we gain a more thorough understanding of the tax law. Given the significance of the legislation, the U.S. Securities and Exchange Commission (the "SEC") staff issued Staff Accounting Bulletin ("SAB") No. 118 (SAB 118), which allows registrants to record provisional amounts during a one year “measurement period” similar to that used when accounting for business combinations. However, the measurement period is deemed to have ended earlier when the registrant has obtained, prepared, and analyzed the information necessary to finalize its accounting. During the measurement period, impacts of the law are expected to be recorded at the time a reasonable estimate for all or a portion of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared, or analyzed. SAB 118 summarizes a three-step process to be applied at each reporting period to account for and qualitatively disclose: (1) the effects of the change in tax law for which accounting is complete; (2) provisional amounts (or adjustments to provisional amounts) for the effects of the tax law where accounting is not complete, but that a reasonable estimate has been determined; and (3) a reasonable estimate cannot yet be made and therefore taxes are reflected in accordance with law prior to the enactment of the Tax Act. Several provisions of the Tax Act have significant impact on our U.S. tax attributes, generally consisting of credits, loss carry-forwards, and reserved notes. Although we have made a reasonable estimate of the gross amounts of the attributes disclosed, the Company is continuing to analyze certain aspects of the Tax Act and is refining its calculations which could potentially affect the measurements of these balances or potentially give rise to new deferred tax amounts. Other significant provisions that are not yet effective, but may impact income taxes in future years, include: limitation on the current deductibility of net interest expense in excess of 30 percent of adjusted taxable income and a limitation of net operating losses generated after December 31, 2017 to 80 percent of taxable income. For the three months ended July 31, 2018 and 2017, our effective tax rates were 22% and 33%, respectively. The difference between the federal statutory rate of 21% and the 2018 year to date’s effective tax rate is primarily due to nondeductible expenses. The difference between the 2017 federal statutory rate of 34.0% and the 2017 fiscal year to date effective tax rate was primarily due to utilization of general business credits. At July 31, 2018, we have $0.7 million in net deferred tax assets, which is primarily a result of net operating losses. We believe that it is more-likely-than-not that the deferred tax assets will be realized prior to any expiration and therefore we have not applied a valuation allowance on our deferred tax assets. We filed income tax returns in the United States federal jurisdiction. No jurisdiction is currently examining our tax filings for any tax years. All of the Company’s tax positions are considered more likely than not to be sustained upon an IRS examination.

Segment Reporting

Segment Reporting	3 Months Ended
	Jul. 31, 2018
Segment Reporting [Abstract]
Segment Reporting	Note 12. Segment Reporting We have three business segments: (i) Washington, (ii) South Dakota and (iii) Nevada, as well as the Company’s corporate location. For the three months ended July 31, 2018, the Washington segment consists of the Washington mini-casinos, the South Dakota segment consists of our slot route operation in South Dakota, the Nevada segment consists of Club Fortune casino and the Corporate column includes the vacant land in Colorado and its taxes and maintenance expenses. As discussed in Note 13, in the three months ended July 31, 2018, the Nevada reportable segment met the requirements to be classified as a discontinued operation. As a result, the operations of Nevada have been excluded from the segment reporting below. See Note 13 for information related to the Nevada segment. The Corporate column also includes corporate-related items, results of insignificant operations, and income and expenses not allocated to other reportable segments. Summarized financial information for our reportable segments from continuing operations is shown in the following table: As of, and for the Three Months Ended, July 31, 2018 Washington South Dakota Corporate Total Net revenues $ 14,051,615 $ 828,554 $ - $ 14,880,169 Casino and food and beverage expense 7,438,269 938,160 - 8,376,429 Marketing, administrative and corporate expense 4,343,704 131,280 1,231,729 5,706,713 Facility and other expenses 490,530 16,723 - 507,253 Depreciation and amortization 124,180 - 6,259 130,439 Operating income (loss) 1,654,932 (199,917 ) (1,237,988 ) 217,027 As of, and for the Three Months Ended, July 31, 2017 Washington South Dakota Corporate Total Net revenues $ 13,128,992 $ 1,872,938 $ - $ 15,001,930 Casino and food and beverage expense 7,313,487 1,645,090 - 8,958,577 Marketing, administrative and corporate expense 4,245,081 114,350 639,384 4,998,815 Facility and other expenses 422,905 22,747 - 445,652 Depreciation and amortization 232,979 98,285 6,674 337,938 Operating income (loss) 914,540 (7,534 ) (646,058 ) 260,948 Segment assets at July 31, 2018 were: Washington $28,486,842; South Dakota $51,194; Corporate $3,741,782. Segment assets at July 31, 2017 were: Washington $27,057,107; South Dakota $2,360,534; Corporate $4,444,938.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Jul. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	Note 13. Discontinued Operations On June 27, 2018, the Company entered into a definitive agreement to sell its Club Fortune casino property in Henderson, Nevada, for $14.6 million, subject to certain adjustments, including a working capital adjustment. The transaction is expected to be completed in late December 2018, subject to Nevada Gaming Control Board approval and other customary closing conditions. As of July 27, 2018, Club Fortune met the requirements for presentation as assets held for sale and discontinued operation under generally accepted accounting principles. As a result of Club Fortune meeting the criteria to be classified as held for sale, the Company recorded a goodwill impairment of $ 115,128 84,872 ed. The results of discontinued operations are summarized as follows: Three months ended July 31, July 31, 2018 2017 Gross revenues $ 3,219,413 $ 3,996,962 Less promotional allowances - (571,318 ) Net revenues 3,219,413 3,425,644 Casino and food and beverage expense 2,070,588 2,036,789 Marketing and administrative 813,069 866,341 Facility and other expenses 91,320 73,616 Depreciation and amortization 220,531 373,497 Goodwill impairment 115,128 - Loss on reclassification as held for sale 84,872 - Income tax (benefit) expense (38,658 ) 24,414 (Loss) income from discontinued operations, net of tax $ (137,438 ) $ 50,987 The assets and liabilities held for sale related to Club Fortune were as follows: July 31, April 30, 2018 2018 Assets: Accounts receivable, net $ 63,588 $ 140,370 Prepaid expenses and other assets 351,220 377,811 Inventory 90,175 88,998 Goodwill 2,716,306 2,831,434 Intangible assets, net 1,182,659 1,208,294 Property and equipment, net 9,387,401 9,558,045 Total assets held for sale $ 13,791,349 $ 14,204,952 Liabilities: Accounts payable and accrued liabilities $ 349,120 $ 345,231 Accrued payroll and related 153,085 238,688 Accrued player’s club points and progressive jackpots 351,516 318,801 Total liabilities held for sale $ 853,721 $ 902,720 On June 30, 2018, the Company sold its South Dakota route operations to Michael J. Trucano. The sale included all fixtures, equipment, trade names, and operating agreements used in connection with the business, but excluded necessary operating cash used in the business. Because this sale did not represent a strategic shift that would have a major effect on the Company’s operations, the sale was recorded as a sale of assets and not as discontinued operations.

Significant Accounting Polici19

Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition During the current quarter, we adopted Accounting Standards Codification Topic 606, Revenue from Contracts with Customers : Three Months Ended July 31, 2018 July 31, 2017 Food and beverage $ 937,446 $ 979,734 Other 39,361 41,658 Total complimentries $ 976,807 $ 1,021,392
Fair Value	Fair Value U.S. generally accepted accounting principles defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy categorizes assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. The three levels are as follows: Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities. Level 2 – Other inputs that are observable directly or indirectly such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 – Unobservable inputs for which there is little or no market data and for which we make our own assumptions about how market participants would price the assets and liabilities. The following describes the valuation methodologies used by us to measure fair value: Real estate held for sale is recorded at fair value less selling costs. Goodwill and indefinite lived intangible assets are recorded at carrying value and tested for impairment annually, or more frequently, using projections of discounted future cash flows. Interest rate swaps are adjusted on a recurring basis pursuant to accounting standards for fair value measurements. We categorize our interest rate swap as Level 2 for fair value measurement.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk are primarily notes receivable, cash and cash equivalents, accounts receivable and payable, and long term debt. Management performs periodic evaluations of the collectability of these notes and accounts receivable. Our cash deposits are held with large, well-known financial institutions, and, at times, such deposits may be in excess of the federally insured limit. The recorded value of cash, accounts receivable and payable, approximate fair value based on their short term nature; the recorded value of long term debt approximates fair value as interest rates approximate current market rates.
New Accounting Pronouncements and Legislation Issued	New Accounting Pronouncements and Legislation Issued Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued amended accounting guidance that changes the accounting for leases and requires expanded disclosures about leasing activities. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability, measured on a discounted basis, at the commencement date for all leases with terms greater than twelve months. Lessor accounting will remain largely unchanged, other than certain targeted improvements intended to align lessor accounting with the lessee accounting model and with the updated revenue recognition guidance. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The amended guidance is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2018, and early application is permitted. The Company is currently evaluating the impact this guidance will have on its financial position and results of operations. Revenue Recognition In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Revenue from Contracts with Customers - Deferral of the Effective Date The Company adopted ASC 606 during the first quarter 2019 using the modified retrospective approach to all contracts as of the date of initial application, which was May 1, 2018. Adoption of the new revenue standard principally affected (1) how we measure the liability associated with our loyalty program and (2) the classification and, as it related to the measurement of revenues and expenses between gaming; food and beverage; and retail, and other. The modified retrospective approach required the Company to recognize the impact of adopting ASC 606 as a cumulative effect adjustment to our beginning retained earnings, which was an decrease of $35,425 as of May 1, 2018. The cumulative effect adjustment related exclusively to re-measuring the liability associated with the loyalty program from a cost approach to an approach that reflects the estimated stand alone selling price (SSP) of the reward credits and certain tier benefits. In addition, the modified retrospective approach required the Company to provide disclosures describing the financial statement line items impacted by the new revenue standard (see below). Prior to the adoption of ASC 606, we determined our liability for loyalty reward credits based on the estimated costs of goods and services to be provided and estimated redemption rates. Upon adoption of ASC 606, points awarded under our loyalty program constitute a material right and, as such, represent a performance obligation associated with the gaming contracts. Therefore, ASC 606 required us to allocate the revenues associated with the players’ activity between gaming revenue and the estimated SSP of the reward credits. In addition to the above, prior to the adoption of ASC 606, complimentary revenues pertaining to food and beverage and retail were included in gross revenues and excluded from net revenues through promotional allowances in the unaudited Condensed Consolidated Statements of Operations and the estimated costs of providing such complimentary goods and services were included as gaming expenses in the unaudited Condensed Consolidated Statements of Operations. However, subsequent to the adoption of ASC 606, food and beverage, and other services furnished to our guests on a complimentary basis is measured at the estimated SSP and included as revenues within food and beverage and other as appropriate, in the unaudited Condensed Consolidated Statements of Operations, with a corresponding decrease in gaming revenues. Additionally, subsequent to the adoption of ASC 606, the costs of providing such complimentary goods and services is included as expenses within food and beverage and other as appropriate, in the unaudited Condensed Consolidated Statements of Operations. The amount by which each line item in continuing operations in our unaudited Condensed Consolidated Statement of Operations for the three months ended July 31, 2018 was affected by the new revenue standard as compared with the accounting guidance that was in effect before the change was as follows: For the three months ended July 31, 2018 As Reported - ‎ With Adoption of ‎ ASC 606 As Adjusted - Without Adoption ‎ of ASC 606 Effect of Accounting ‎ Change ‎ Increase/(Decrease) Revenues: Casino $ 12,012,719 $ 12,985,848 $ (973,129 ) Food and beverage 2,489,377 2,489,377 - Other 378,073 378,073 - Gross revenues 14,880,169 15,853,298 (973,129 ) Less promotional allowances - (976,807 ) 976,807 Net revenues 14,880,169 14,876,491 3,678 Expenses: Casino 6,172,939 6,986,273 (813,334 ) Food and beverage 2,203,490 1,417,389 786,101 Other 58,779 27,868 30,911 Marketing and administrative 4,474,984 4,474,984 - Facility 448,474 448,474 - Corporate 1,231,729 1,231,729 - Depreciation and amortization 130,439 130,439 - Gain on sale of assets (57,692 ) (57,692 ) - Total operating expenses 14,663,142 14,659,464 3,678 Operating income $ 217,027 $ 217,027 $ - Net loss $ (51,844 ) $ (51,844 ) $ - Restricted Cash In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows - Restricted Cash (Topic 230) A variety of proposed or otherwise potential accounting guidance is currently under study by standard-setting organizations and certain regulatory agencies. Due to the tentative and preliminary nature of such proposed accounting guidance, the Company has not yet determined the effect, if any, that the implementation of such proposed accounting guidance would have on its consolidated financial statements.

Significant Accounting Polici20

Significant Accounting Policies (Tables)	3 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Schedule Of Promotional Allowances	Complimentary other revenues, whether provided as nondiscretionary complimentaries or discretionary complimentaries, were as follows for continuing operations : Three Months Ended July 31, 2018 July 31, 2017 Food and beverage $ 937,446 $ 979,734 Other 39,361 41,658 Total complimentries $ 976,807 $ 1,021,392
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The amount by which each line item in continuing operations in our unaudited Condensed Consolidated Statement of Operations for the three months ended July 31, 2018 was affected by the new revenue standard as compared with the accounting guidance that was in effect before the change was as follows: For the three months ended July 31, 2018 As Reported - ‎ With Adoption of ‎ ASC 606 As Adjusted - Without Adoption ‎ of ASC 606 Effect of Accounting ‎ Change ‎ Increase/(Decrease) Revenues: Casino $ 12,012,719 $ 12,985,848 $ (973,129 ) Food and beverage 2,489,377 2,489,377 - Other 378,073 378,073 - Gross revenues 14,880,169 15,853,298 (973,129 ) Less promotional allowances - (976,807 ) 976,807 Net revenues 14,880,169 14,876,491 3,678 Expenses: Casino 6,172,939 6,986,273 (813,334 ) Food and beverage 2,203,490 1,417,389 786,101 Other 58,779 27,868 30,911 Marketing and administrative 4,474,984 4,474,984 - Facility 448,474 448,474 - Corporate 1,231,729 1,231,729 - Depreciation and amortization 130,439 130,439 - Gain on sale of assets (57,692 ) (57,692 ) - Total operating expenses 14,663,142 14,659,464 3,678 Operating income $ 217,027 $ 217,027 $ - Net loss $ (51,844 ) $ (51,844 ) $ -

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jul. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Change in Carrying Amount of Goodwill and Intangibles	The change in the carrying amount of goodwill and other intangible assets for the three months ended July 31, 2018, is as follows: Total Goodwill Other Intangibles, net Balance as of April 30, 2018 $ 16,381,639 $ 14,092,154 $ 2,289,485 Current year amortization (14,981 ) - (14,981 ) Balance as of July 31, 2018 $ 16,366,658 $ 14,092,154 $ 2,274,504
Goodwill and Net Other Intangibles by Segment	Goodwill and net intangibles assets by segment as of July 31, 2018, are as follows: Total Goodwill Other Intangibles, net Washington $ 15,954,154 $ 14,092,154 $ 1,862,000 Corporate 412,504 - 412,504 Total $ 16,366,658 $ 14,092,154 $ 2,274,504
Summary of Intangible Assets and Accumulated Amortization	A summary of intangible assets and accumulated amortization as of July 31, 2018, are as follows: Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 6,753,321 $ (6,753,321 ) $ - Non-compete agreements 1,018,000 (1,018,000 ) - State gaming registration 412,504 - 412,504 Trade names 1,862,000 - 1,862,000 Total $ 10,045,825 $ (7,771,321 ) $ 2,274,504

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Jul. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment at July 31, 2018 and April 30, 2018, consist of the following: Estimated July 31, April 30, Service Life 2018 2018 in Years Building and improvements $ 1,661,367 $ 1,653,534 15-39 Gaming equipment 2,391,596 2,391,596 3-5 Furniture and office equipment 3,553,252 3,500,778 3-7 Land and improvements 87,750 87,750 n/a Leasehold improvements 1,715,221 1,711,641 7-20 Construction in progress 70,570 57,916 9,479,756 9,403,215 Less accumulated depreciation (6,264,305 ) (6,148,848 ) Property and equipment, net $ 3,215,451 $ 3,254,367

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Long-Term Financing Obligations	Our long-term financing obligations are as follows: July 31, April 30, 2018 2018 $23.0 million reducing revolving credit agreement, LIBOR plus an Applicable Margin, $625,000 quarterly reductions beginning January 31, 2016 through November 30, 2020, and the remaining principal due on the maturity date of November 30, 2020, net of accumulated debt issuance costs of $82,206 and $104,760 at July 31, 2018 and April 30, 2018, respectively. $ 6,817,794 $ 7,895,240 Total long-term financing obligations $ 6,817,794 $ 7,895,240
Scheduled Principal Payments on Credit Facility	As of July 31, 2018, principal reductions due on the Credit Facility are as follows: August 1, 2018 – July 31, 2019 $ - August 1, 2019 – July 31, 2020 - August 1, 2020 – November 30, 2020 6,900,000 Total payments 6,900,000 Unamortized debt discount (82,206 ) Total long-term debt $ 6,817,794

Equity Transactions and Stock24

Equity Transactions and Stock Option Plan (Tables)	3 Months Ended
	Jul. 31, 2018
Share-based Compensation [Abstract]
Summary of Activity under Share-Based Payment Plans	A summary of stock option activity under our share-based payment plan for the three months ended July 31, 2018 is presented below: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Options Price Term (Year) Value Outstanding at April 30, 2018 676,000 $ 1.10 Granted - Exercised - Forfeited or expired - Outstanding at July 31, 2018 676,000 $ 1.10 4.0 $ 626,360 Exercisable at July 31, 2018 676,000 $ 1.10 4.0 $ 626,360 Available for grant at July 31, 2018 507,611

Computation of Earnings Per S25

Computation of Earnings Per Share (Tables)	3 Months Ended
	Jul. 31, 2018
Earnings Per Share [Abstract]
Basic and diluted earnings per share computations	Three Months Ended July 31, July 31, 2018 2017 Numerator: Basic and Diluted: Net income from continuing operations $ 85,594 $ 73,015 Net (loss) income from discontinued operations $ (137,438 ) $ 50,987 Net (loss) income $ (51,844 ) $ 124,002 Denominator: Basic weighted average number of common shares outstanding 16,848,182 17,425,581 Dilutive effect of common stock options and warrants 331,741 359,333 Diluted weighted average number of common shares outstanding 17,179,923 17,784,914 Per share information: Net income from continuing operations per common share - basic $ 0.01 $ 0.01 Net income from continuing operations per common share - diluted $ 0.00 $ 0.00 Net (loss) income from discontinued operations per common share - basic and diluted $ (0.01 ) $ 0.00 Net (loss) income per common share - basic and diluted $ (0.00 ) $ 0.01

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Jul. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Expected Remaining Future Rolling Twelve Months Minimum Lease Payments	The expected remaining future annual minimum lease payments as of July 31, 2018, are as follows: Period Total August 2018 - July 2019 $ 3,298,251 August 2019 - July 2020 3,226,007 August 2020 - July 2021 3,086,663 August 2021 - July 2022 1,910,944 Thereafter 1,290,752 $ 12,812,617

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Jul. 31, 2018
Segment Reporting [Abstract]
Summarized Financial Information for Reportable Segments	Summarized financial information for our reportable segments from continuing operations is shown in the following table: As of, and for the Three Months Ended, July 31, 2018 Washington South Dakota Corporate Total Net revenues $ 14,051,615 $ 828,554 $ - $ 14,880,169 Casino and food and beverage expense 7,438,269 938,160 - 8,376,429 Marketing, administrative and corporate expense 4,343,704 131,280 1,231,729 5,706,713 Facility and other expenses 490,530 16,723 - 507,253 Depreciation and amortization 124,180 - 6,259 130,439 Operating income (loss) 1,654,932 (199,917 ) (1,237,988 ) 217,027 As of, and for the Three Months Ended, July 31, 2017 Washington South Dakota Corporate Total Net revenues $ 13,128,992 $ 1,872,938 $ - $ 15,001,930 Casino and food and beverage expense 7,313,487 1,645,090 - 8,958,577 Marketing, administrative and corporate expense 4,245,081 114,350 639,384 4,998,815 Facility and other expenses 422,905 22,747 - 445,652 Depreciation and amortization 232,979 98,285 6,674 337,938 Operating income (loss) 914,540 (7,534 ) (646,058 ) 260,948

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Jul. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups Including Discontinued Operations Income Statement	The results of discontinued operations are summarized as follows: Three months ended July 31, July 31, 2018 2017 Gross revenues $ 3,219,413 $ 3,996,962 Less promotional allowances - (571,318 ) Net revenues 3,219,413 3,425,644 Casino and food and beverage expense 2,070,588 2,036,789 Marketing and administrative 813,069 866,341 Facility and other expenses 91,320 73,616 Depreciation and amortization 220,531 373,497 Goodwill impairment 115,128 - Loss on reclassification as held for sale 84,872 - Income tax (benefit) expense (38,658 ) 24,414 (Loss) income from discontinued operations, net of tax $ (137,438 ) $ 50,987
Disposal Groups Including Discontinued Operations Balance Sheet	The assets and liabilities held for sale related to Club Fortune were as follows: July 31, April 30, 2018 2018 Assets: Accounts receivable, net $ 63,588 $ 140,370 Prepaid expenses and other assets 351,220 377,811 Inventory 90,175 88,998 Goodwill 2,716,306 2,831,434 Intangible assets, net 1,182,659 1,208,294 Property and equipment, net 9,387,401 9,558,045 Total assets held for sale $ 13,791,349 $ 14,204,952 Liabilities: Accounts payable and accrued liabilities $ 349,120 $ 345,231 Accrued payroll and related 153,085 238,688 Accrued player’s club points and progressive jackpots 351,516 318,801 Total liabilities held for sale $ 853,721 $ 902,720

Estimated Cost of Promotional A

Estimated Cost of Promotional Allowances (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Promotional Allowance	$ 0	$ 1,021,392
Food and beverage [Member]
Promotional Allowance	937,446	979,734
Other [Member]
Promotional Allowance	$ 39,361	$ 41,658

Schedule of New Accounting Pron

Schedule of New Accounting Pronouncements and Changes in Accounting Principles (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Revenues:
Gross revenues	$ 14,880,169	$ 16,023,322
Expenses:
Marketing and administrative	4,474,984	4,359,431
Corporate	1,231,729	639,384
Depreciation and amortization	130,439	337,938
Gain on sale of assets	57,692	0
Operating income	217,027	260,948
Net loss	(51,844)	124,002
As Reported - With Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	14,880,169
Gross revenues	14,880,169
Less promotional allowances	0
Expenses:
Marketing and administrative	4,474,984
Corporate	1,231,729
Depreciation and amortization	130,439
Gain on sale of assets	(57,692)
Total operating expenses	14,663,142
Operating income	217,027
Net loss	(51,844)
As Adjusted - Without Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	14,876,491
Gross revenues	15,853,298
Less promotional allowances	(976,807)
Expenses:
Marketing and administrative	4,474,984
Corporate	1,231,729
Depreciation and amortization	130,439
Gain on sale of assets	(57,692)
Total operating expenses	14,659,464
Operating income	217,027
Net loss	(51,844)
Effect of Accounting Change Increase/(Decrease) [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	3,678
Gross revenues	(973,129)
Less promotional allowances	976,807
Expenses:
Marketing and administrative	0
Corporate	0
Depreciation and amortization	0
Gain on sale of assets	0
Total operating expenses	3,678
Operating income	0
Net loss	0
Casino [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	12,012,719	13,251,312
Expenses:
Cost of Goods and Services Sold	6,172,939	7,717,485
Casino [Member] | As Reported - With Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	12,012,719
Expenses:
Cost of Goods and Services Sold	6,172,939
Casino [Member] | As Adjusted - Without Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	12,985,848
Expenses:
Cost of Goods and Services Sold	6,986,273
Casino [Member] | Effect of Accounting Change Increase/(Decrease) [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	(973,129)
Expenses:
Cost of Goods and Services Sold	(813,334)
Food and beverage [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	2,489,377	2,360,414
Expenses:
Cost of Goods and Services Sold	2,203,490	1,241,092
Food and beverage [Member] | As Reported - With Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	2,489,377
Expenses:
Cost of Goods and Services Sold	2,203,490
Food and beverage [Member] | As Adjusted - Without Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	2,489,377
Expenses:
Cost of Goods and Services Sold	1,417,389
Food and beverage [Member] | Effect of Accounting Change Increase/(Decrease) [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0
Expenses:
Cost of Goods and Services Sold	786,101
Other [Member] | As Reported - With Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	378,073
Expenses:
Cost of Goods and Services Sold	58,779
Other [Member] | As Adjusted - Without Adoption of ASC 606 [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	378,073
Expenses:
Cost of Goods and Services Sold	27,868
Other [Member] | Effect of Accounting Change Increase/(Decrease) [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0
Expenses:
Cost of Goods and Services Sold	30,911
Facility [Member]
Expenses:
Cost of Goods and Services Sold	448,474	$ 419,783
Facility [Member] | As Reported - With Adoption of ASC 606 [Member]
Expenses:
Cost of Goods and Services Sold	448,474
Facility [Member] | As Adjusted - Without Adoption of ASC 606 [Member]
Expenses:
Cost of Goods and Services Sold	448,474
Facility [Member] | Effect of Accounting Change Increase/(Decrease) [Member]
Expenses:
Cost of Goods and Services Sold	$ 0

Significant Accounting Polici31

Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2017	May 01, 2018
Significant Accounting Policies [Line Items]
Impact of Restatement on Opening Retained Earnings, Net of Tax		$ 35,425
Previously Reported [Member]
Significant Accounting Policies [Line Items]
Increase (Decrease) in Restricted Cash	$ (49,141)

Restricted Cash - Additional In

Restricted Cash - Additional Information (Detail) - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 2,517,272	$ 2,369,063

Change in Carrying Amount of Go

Change in Carrying Amount of Goodwill and Other Intangibles (Detail)	3 Months Ended
	Jul. 31, 2018USD ($)
Goodwill and Intangible Assets Disclosure [Line Items]
Balance as of April 30, 2018	$ 16,381,639
Current year amortization	(14,981)
Balance as of July 31, 2018	16,366,658
Goodwill
Goodwill and Intangible Assets Disclosure [Line Items]
Balance as of April 30, 2018	14,092,154
Current year amortization	0
Balance as of July 31, 2018	14,092,154
Other Intangibles, net
Goodwill and Intangible Assets Disclosure [Line Items]
Balance as of April 30, 2018	2,289,485
Current year amortization	(14,981)
Balance as of July 31, 2018	$ 2,274,504

Goodwill and Net Other Intangib

Goodwill and Net Other Intangibles by Segment (Detail)	Jul. 31, 2018USD ($)
Goodwill [Line Items]
Goodwill and other intangible assets	$ 16,366,658
Washington
Goodwill [Line Items]
Goodwill and other intangible assets	15,954,154
Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	412,504
Other Intangibles, net
Goodwill [Line Items]
Goodwill and other intangible assets	2,274,504
Other Intangibles, net | Washington
Goodwill [Line Items]
Goodwill and other intangible assets	1,862,000
Other Intangibles, net | Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	412,504
Goodwill
Goodwill [Line Items]
Goodwill and other intangible assets	14,092,154
Goodwill | Washington
Goodwill [Line Items]
Goodwill and other intangible assets	14,092,154
Goodwill | Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	$ 0

Summary of Intangible Assets an

Summary of Intangible Assets and Accumulated Amortization (Detail)	Jul. 31, 2018USD ($)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 10,045,825
Accumulated Amortization	(7,771,321)
Net	2,274,504
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6,753,321
Accumulated Amortization	(6,753,321)
Net	0
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,018,000
Accumulated Amortization	(1,018,000)
Net	0
State gaming registration
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	412,504
Accumulated Amortization	0
Net	412,504
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,862,000
Accumulated Amortization	0
Net	$ 1,862,000

Goodwill and Intangible Asset36

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill and identifiable intangible in connection with acquisitions of the Washington mini-casinos	$ 16,366,658	$ 16,381,639
Goodwill	14,092,154	$ 14,092,154
Nevada operations [Member]
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill	$ 2,700,000

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Apr. 30, 2018
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 9,479,756	$ 9,403,215
Less accumulated depreciation	(6,264,305)	(6,148,848)
Property and equipment, net	3,215,451	3,254,367
Building and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,661,367	1,653,534
Building and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	39 years
Building and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	15 years
Gaming equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,391,596	2,391,596
Gaming equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	5 years
Gaming equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	3 years
Furniture and office equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 3,553,252	3,500,778
Furniture and office equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	7 years
Furniture and office equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	3 years
Land and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 87,750	87,750
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,715,221	1,711,641
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	20 years
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	7 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 70,570	$ 57,916

Long-Term Financing Obligations

Long-Term Financing Obligations (Detail) - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Debt Instrument [Line Items]
$23.0 million reducing revolving credit agreement, LIBOR plus an Applicable Margin, $625,000 quarterly reductions beginning January 31, 2016 through November 30, 2020, and the remaining principal due on the maturity date of November 30, 2020, net of accumulated debt issuance costs of $82,206 and $104,760 at July 31, 2018 and April 30, 2018, respectively.	$ 6,817,794	$ 7,895,240
Total long-term financing obligations	$ 6,817,794	$ 7,895,240

Long-Term Financing Obligatio39

Long-Term Financing Obligations (Parenthetical) (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Apr. 30, 2018
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 23,000,000
Debt Instrument Maturity Date	Nov. 30, 2020
Debt Instrument, Unamortized Discount	$ 82,206	$ 104,760
January 31, 2016 through November 30, 2020
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	$ 625,000

Schedule of Principal Payments

Schedule of Principal Payments on Credit Facility (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Apr. 30, 2018
Line of Credit Facility [Line Items]
Total payments	$ 6,900,000
Unamortized debt discount	(82,206)	$ (104,760)
Total long-term debt	6,817,794	$ 7,895,240
August 1, 2018 – July 31, 2019
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	0
August 1, 2019 – July 31, 2020
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	0
August 1, 2020 – November 30, 2020
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	$ 6,900,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) $ in Millions	3 Months Ended
	Jul. 31, 2018USD ($)	Nov. 30, 2015USD ($)
Debt Disclosure [Line Items]
Percentage Of Remaining Credit Facility Principal Balance	4.58%
Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio	1.15
Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio	1
Reducing Revolving Credit Facility
Debt Disclosure [Line Items]
Line of credit facility amount outstanding		$ 23
Debt Instrument, Interest Rate, Effective Percentage	50.00%
February 1, 2018 until maturity | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio	2.50
February 1, 2018 until maturity | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio	1
February 1, 2017 through January 31, 2018 | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio	2.75
February 1, 2017 through January 31, 2018 | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio	1
Amended Credit Agreement
Debt Disclosure [Line Items]
Line of Credit Facility, Periodic Payment, Principal	$ 1.1
Line of Credit Facility, Remaining Borrowing Capacity	$ 9.2

Interest Rate Swap - Additional

Interest Rate Swap - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Apr. 30, 2018	Dec. 28, 2015
Interest Rate Swap [Line Items]
Derivative, Notional Amount	$ 8,062,500
Derivative, Variable Interest Rate	1.77%
Derivative, Swaption Interest Rate	4.27%
Percentage Of Initial Floating Index	2.08%
Increase Decrease In Interest Rate Swap	$ 4,189
Other Long-term Debt	$ 138,861	$ 134,672
Secured Interest Rate Swap Percentage On Debt			50.00%

Summary of Activity under Share

Summary of Activity under Share-Based Payment Plans (Detail)	3 Months Ended
	Jul. 31, 2018USD ($)$ / sharesshares
Options
Outstanding	676,000
Granted	0
Exercised	0
Forfeited or expired	0
Outstanding	676,000
Exercisable	676,000
Available for grant	507,611
Weighted Average Exercise Price
Outstanding | $ / shares	$ 1.10
Outstanding | $ / shares	1.10
Exercisable | $ / shares	$ 1.10
Weighted Average Remaining Contractual Term (Year)
Outstanding	4 years
Exercisable	4 years
Aggregate Intrinsic Value
Outstanding | $	$ 626,360
Exercisable | $	$ 626,360

Equity Transactions and Stock44

Equity Transactions and Stock Option Plan - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2016	Jul. 31, 2018	Apr. 14, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments for Repurchase of Common Stock	$ 2,000,000
Stock Repurchase Program, Authorized Amount		$ 1,700,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares		69,200
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price		$ 2.23
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		$ 105,817
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		2 years 2 months 12 days
2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of reserved for issuance under stock plan			1,750,000
2009 Plan | Stock option rights granted prior to fiscal year 2006 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options terms		5 years
2009 Plan | Stock option rights granted prior to fiscal year 2006 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options terms		10 years

Reconciliation of Numerators an

Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Computations (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Basic and Diluted:
Net income from continuing operations	$ 85,594	$ 73,015
Net (loss) income from discontinued operations	(137,438)	50,987
Net (loss) income	$ (51,844)	$ 124,002
Denominator:
Basic weighted average number of common shares outstanding	16,848,182	17,425,581
Dilutive effect of common stock options and warrants	331,741	359,333
Diluted weighted average number of common shares outstanding	17,179,923	17,784,914
Per share information:
Net income from continuing operations per common share - basic	$ 0.01	$ 0.01
Net income from continuing operations per common share - diluted	0	0
Net (loss) income from discontinued operations per common share - basic and diluted	(0.01)	0
Net (loss) income per common share - basic and diluted	$ 0	$ 0.01

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2017	Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2019	Apr. 30, 2018
Income Tax Disclosure [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate		21.00%	34.00%		35.00%
Deferred tax assets, general business		$ 0.7
Operating Loss Carryforwards, Limitations on Use	Other significant provisions that are not yet effective, but may impact income taxes in future years, include: limitation on the current deductibility of net interest expense in excess of 30 percent of adjusted taxable income and a limitation of net operating losses generated after December 31, 2017 to 80 percent of taxable income.
Effective Income Tax Rate Reconciliation, Percent		22.00%	33.00%
Scenario, Plan [Member]
Income Tax Disclosure [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate				21.00%

Expected Remaining Future Rolli

Expected Remaining Future Rolling Twelve Months Minimum Lease Payments (Detail)	Jul. 31, 2018USD ($)
Schedule of Operating Leases [Line Items]
August 2018 - July 2019	$ 3,298,251
August 2019 - July 2020	3,226,007
August 2020 - July 2021	3,086,663
August 2021 - July 2022	1,910,944
Thereafter	1,290,752
Total	$ 12,812,617

Segment Reporting (Detail)

Segment Reporting (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Segment Reporting Information [Line Items]
Net revenues	$ 14,880,169	$ 15,001,930
Casino and food and beverage expense	8,376,429	8,958,577
Marketing, administrative and corporate expense	5,706,713	4,998,815
Facility and other expenses	507,253	445,652
Depreciation and amortization	130,439	337,938
Operating income (loss)	217,027	260,948
Washington
Segment Reporting Information [Line Items]
Net revenues	14,051,615	13,128,992
Casino and food and beverage expense	7,438,269	7,313,487
Marketing, administrative and corporate expense	4,343,704	4,245,081
Facility and other expenses	490,530	422,905
Depreciation and amortization	124,180	232,979
Operating income (loss)	1,654,932	914,540
South Dakota
Segment Reporting Information [Line Items]
Net revenues	828,554	1,872,938
Casino and food and beverage expense	938,160	1,645,090
Marketing, administrative and corporate expense	131,280	114,350
Facility and other expenses	16,723	22,747
Depreciation and amortization	0	98,285
Operating income (loss)	(199,917)	(7,534)
Corporate
Segment Reporting Information [Line Items]
Net revenues	0	0
Casino and food and beverage expense	0	0
Marketing, administrative and corporate expense	1,231,729	639,384
Facility and other expenses	0	0
Depreciation and amortization	6,259	6,674
Operating income (loss)	$ (1,237,988)	$ (646,058)

Segment Reporting (Detail) - Ad

Segment Reporting (Detail) - Additional Information (Detail - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Washington Gold [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information Average Segment Assets	$ 28,486,842	$ 27,057,107
South Dakota Gold [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information Average Segment Assets	51,194	2,360,534
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information Average Segment Assets	$ 3,741,782	$ 4,444,938

Discontinued Operations (Detail

Discontinued Operations (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Loss on reclassification as held for sale	$ 84,872
Income tax (benefit) expense	(24,207)	$ (35,918)
(Loss) income from discontinued operations, net of tax	(137,438)	50,987
Club Fortune Casino [Member]
Gross revenues	3,219,413	3,996,962
Less promotional allowances	0	(571,318)
Net revenues	3,219,413	3,425,644
Casino and food and beverage expense	2,070,588	2,036,789
Marketing and administrative	813,069	866,341
Facility and other expenses	91,320	73,616
Depreciation and amortization	220,531	373,497
Goodwill impairment	115,128	0
Loss on reclassification as held for sale	84,872	0
Income tax (benefit) expense	(38,658)	24,414
(Loss) income from discontinued operations, net of tax	$ (137,438)	$ 50,987

Discontinued Operations (Deta51

Discontinued Operations (Detail 1) - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Assets:
Accounts receivable, net	$ 63,588	$ 140,370
Prepaid expenses and other assets	351,220	377,811
Inventory	90,175	88,998
Goodwill	2,716,306	2,831,434
Intangible assets, net	1,182,659	1,208,294
Property and equipment, net	9,387,401	9,558,045
Total assets held for sale	13,791,349	14,204,952
Liabilities:
Accounts payable and accrued liabilities	349,120	345,231
Accrued payroll and related	153,085	238,688
Accrued player's club points and progressive jackpots	351,516	318,801
Total liabilities held for sale	$ 853,721	$ 902,720

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jun. 27, 2018
Disposal Group Including Discontinued Operation Loss On Reclassification Held For Sale	$ (84,872)
Club Fortune Casino [Member]
Disposal Group, Including Discontinued Operation, Consideration			$ 14,600,000
Goodwill, Impairment Loss	115,128	$ 0
Disposal Group Including Discontinued Operation Loss On Reclassification Held For Sale	$ (84,872)	$ 0