Value Line (VALU) 10-Q 15 Dec 23 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Oct. 31, 2023	Nov. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0000717720
Entity Registrant Name	VALUE LINE INC
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2023
Document Transition Report	false
Entity File Number	0-11306
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3139843
Entity Address, Address Line One	551 Fifth Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10176-0001
City Area Code	212
Local Phone Number	907-1500
Title of 12(b) Security	Common stock, $0.10 par value per share
Trading Symbol	VALU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,426,983

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Current Assets:
Cash and cash equivalents (including short term investments of $3,427 and $7,240, respectively)	$ 3,924,000	$ 7,590,000
Equity securities	13,064,000	14,546,000
Available-for-sale Fixed Income securities	42,906,000	39,928,000
Accounts receivable, net of allowance for doubtful accounts of $33 and $36, respectively	4,464,000	2,124,000
Prepaid and refundable income taxes	185,000	425,000
Prepaid expenses and other current assets	1,145,000	1,463,000
Total current assets	65,688,000	66,076,000
Long term assets:
Investment in EAM Trust	59,119,000	58,775,000
Restricted money market investments	305,000	305,000
Property and equipment, net	5,132,000	5,788,000
Capitalized software and other intangible assets, net	97,000	132,000
Total long term assets	64,653,000	65,000,000
Total assets	130,341,000	131,076,000
Current Liabilities:
Accounts payable and accrued liabilities	1,032,000	1,263,000
Accrued salaries	962,000	961,000
Dividends payable	2,639,000	2,642,000
Accrued taxes on income	0	307,000
Operating lease obligation-short term	1,253,000	1,344,000
Unearned revenue	15,689,000	16,771,000
Total current liabilities	21,575,000	23,288,000
Long term liabilities:
Unearned revenue	6,268,000	6,202,000
Operating lease obligation-long term	4,219,000	4,784,000
Deferred income taxes	12,537,000	13,129,000
Total long term liabilities	23,024,000	24,115,000
Total liabilities	44,599,000	47,403,000
Shareholders' Equity:
Common stock, $0.10 par value; authorized 30,000,000 shares; issued 10,000,000 shares	1,000,000	1,000,000
Additional paid-in capital	991,000	991,000
Retained earnings	99,046,000	95,979,000
Treasury stock, at cost (573,017 shares and 565,460 shares, respectively)	(15,009,000)	(14,671,000)
Accumulated other comprehensive income, net of tax	(286,000)	374,000
Total shareholders' equity	85,742,000	83,673,000
Total liabilities and shareholders' equity	$ 130,341,000	$ 131,076,000

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Short term investments	$ 3,427	$ 7,240
Allowance for doubtful accounts	$ 33	$ 36
Common stock, par value (in dollars per share)	$ 0.1	$ 0.1
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	10,000,000	10,000,000
Treasury stock, shares (in shares)	573,017	565,460

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Revenues:
Revenues	$ 9,610	$ 10,066	$ 19,353	$ 20,010
Expenses:
Advertising and promotion	585	723	1,357	1,544
Salaries and employee benefits	3,697	3,769	7,437	7,816
Production and distribution	1,480	1,243	2,875	2,458
Office and administration	1,174	1,158	2,263	2,463
Total expenses	6,936	6,893	13,932	14,281
Income from operations	2,674	3,173	5,421	5,729
Revenues and profits interests in EAM Trust	2,995	2,816	5,852	5,831
Investment gains/(losses)	(1,079)	(268)	(324)	26
Income before income taxes	4,590	5,721	10,949	11,586
Income tax provision	1,102	1,391	2,602	2,798
Net income	$ 3,488	$ 4,330	$ 8,347	$ 8,788
Earnings per share, basic & fully diluted (in dollars per share)	$ 0.37	$ 0.46	$ 0.89	$ 0.93
Weighted average number of common shares (in shares)	9,429,169	9,467,810	9,430,871	9,475,960
Subscription and Circulation [Member]
Revenues:
Revenues	$ 6,398	$ 6,612	$ 12,855	$ 13,203
License [Member]
Revenues:
Revenues	$ 3,212	$ 3,454	$ 6,498	$ 6,807

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Net income	$ 3,488	$ 4,330	$ 8,347	$ 8,788
Other comprehensive income/(loss), net of tax:
Fixed Income securities, net of tax	(448)	(3)	(660)	2
Other comprehensive income/(loss)	(448)	(3)	(660)	2
Comprehensive income	$ 3,040	$ 4,327	$ 7,687	$ 8,790

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash flows from operating activities:
Net income	$ 8,347,000	$ 8,788,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	691,000	672,000
Investment (gains)/losses	1,478,000	429,000
Non-voting revenues interest in EAM Trust	(5,337,000)	(5,405,000)
Non-voting profits interest in EAM Trust	(515,000)	(426,000)
Distributions received from EAM Trust	5,508,000	6,862,000
Deferred income taxes	(370,000)	(59,000)
Deferred rent	(656,000)	(605,000)
Other	(3,000)	0
Changes in operating assets and liabilities:
Unearned revenue	(1,016,000)	(883,000)
Accounts payable & accrued expenses	(231,000)	43,000
Accrued salaries	1,000	77,000
Accrued taxes on income	(352,000)	(2,000)
Prepaid and refundable income taxes	240,000	(911,000)
Prepaid expenses and other current assets	318,000	(9,000)
Accounts receivable	(2,340,000)	28,000
Total adjustments	(2,584,000)	(189,000)
Net cash provided by operating activities	5,763,000	8,599,000
Cash flows from investing activities:
Proceeds from sales of equity securities	999,000	1,016,000
Purchases of equity securities	(993,000)	(919,000)
Purchases of fixed income securities classified as available-for-sale	(23,079,000)	(17,479,000)
Proceeds from sales of fixed income securities classified as available-for-sale	19,265,000	0
Acquisition of property and equipment	0	(23,000)
Net cash used in investing activities	(3,808,000)	(17,405,000)
Cash flows from financing activities:
Purchase of treasury stock at cost	(338,000)	(3,482,000)
Dividends paid	(5,283,000)	(4,747,000)
Net cash used in financing activities	(5,621,000)	(8,229,000)
Net change in cash and cash equivalents	(3,666,000)	(17,035,000)
Cash, cash equivalents and restricted cash at beginning of period	7,895,000	30,008,000
Cash, cash equivalents and restricted cash at end of period	$ 4,229,000	$ 12,973,000

Consolidated Condensed Statem_4

Consolidated Condensed Statement of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Apr. 30, 2022	10,000,000		(490,157)
Balance at Apr. 30, 2022	$ 1,000	$ 991	$ (9,967)	$ 87,645	$ (24)	$ 79,645
Net income				4,458		4,458
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent					5	5
Purchase of treasury stock (in shares)			(35,029)
Purchase of treasury stock			$ (2,382)			(2,382)
Dividends declared				(2,369)		(2,369)
Balance (in shares) at Jul. 31, 2022	10,000,000		(525,186)
Balance at Jul. 31, 2022	$ 1,000	991	$ (12,349)	89,734	(19)	79,357
Balance (in shares) at Apr. 30, 2022	10,000,000		(490,157)
Balance at Apr. 30, 2022	$ 1,000	991	$ (9,967)	87,645	(24)	79,645
Net income						8,788
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent						2
Balance (in shares) at Oct. 31, 2022	10,000,000		(542,500)
Balance at Oct. 31, 2022	$ 1,000	991	$ (13,449)	91,700	(22)	80,220
Balance (in shares) at Apr. 30, 2022	10,000,000		(490,157)
Balance at Apr. 30, 2022	$ 1,000	991	$ (9,967)	87,645	(24)	79,645
Balance (in shares) at Apr. 30, 2023	10,000,000		(565,460)
Balance at Apr. 30, 2023	$ 1,000	991	$ (14,671)	95,979	374	83,673
Balance (in shares) at Jul. 31, 2022	10,000,000		(525,186)
Balance at Jul. 31, 2022	$ 1,000	991	$ (12,349)	89,734	(19)	79,357
Net income				4,330		4,330
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent					(3)	(3)
Purchase of treasury stock (in shares)			(17,314)
Purchase of treasury stock			$ (1,100)			(1,100)
Dividends declared				(2,364)		(2,364)
Balance (in shares) at Oct. 31, 2022	10,000,000		(542,500)
Balance at Oct. 31, 2022	$ 1,000	991	$ (13,449)	91,700	(22)	80,220
Balance (in shares) at Apr. 30, 2023	10,000,000		(565,460)
Balance at Apr. 30, 2023	$ 1,000	991	$ (14,671)	95,979	374	83,673
Net income				4,859		4,859
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent					(212)	(212)
Purchase of treasury stock (in shares)			(4,011)
Purchase of treasury stock			$ (188)			(188)
Dividends declared				(2,641)		(2,641)
Balance (in shares) at Jul. 31, 2023	10,000,000		(569,471)
Balance at Jul. 31, 2023	$ 1,000	991	$ (14,859)	98,197	162	85,491
Balance (in shares) at Apr. 30, 2023	10,000,000		(565,460)
Balance at Apr. 30, 2023	$ 1,000	991	$ (14,671)	95,979	374	83,673
Net income						8,347
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent						(660)
Balance (in shares) at Oct. 31, 2023	10,000,000		(573,017)
Balance at Oct. 31, 2023	$ 1,000	991	$ (15,009)	99,046	(286)	85,742
Balance (in shares) at Jul. 31, 2023	10,000,000		(569,471)
Balance at Jul. 31, 2023	$ 1,000	991	$ (14,859)	98,197	162	85,491
Net income				3,488		3,488
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent					(448)	(448)
Purchase of treasury stock (in shares)			(3,546)
Purchase of treasury stock			$ (150)			(150)
Dividends declared				(2,639)		(2,639)
Balance (in shares) at Oct. 31, 2023	10,000,000		(573,017)
Balance at Oct. 31, 2023	$ 1,000	$ 991	$ (15,009)	$ 99,046	$ (286)	$ 85,742

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Note 1 Value Line, Inc. ("Value Line" or "VLI", and collectively with its subsidiaries, the “Company”) is incorporated in the State of New York. The name "Value Line" as used to describe the Company, its products, and its subsidiaries, is a registered trademark of the Company. The Company's core business is producing investment periodicals and their underlying research and making available certain Value Line copyrights, Value Line trademarks and Value Line Proprietary Ranks and other proprietary information, to third third December 23, 2010 ( The Consolidated Condensed Balance Sheets as of October 31, 2023 April 30, 2023, 10 April 30, 2023 July 28, 2023 ( 10 may not Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may Principles of Consolidation: The Company follows the guidance in the Financial Accounting Standards Board's ("FASB") Topic 810 not not 3 In accordance with FASB's Topic 810, 323 810 not Revenue Recognition: Depending upon the product, subscription fulfillment for Value Line periodicals and related publications is available in print or digitally, via internet access. The length of a subscription varies by product and offer received by the subscriber. Generally, subscriptions are offered as annual subscriptions. Subscription revenues, net of discounts, are recognized ratably on a straight line basis when the product is served to the client over the life of the subscription. Accordingly, the amount of subscription fees to be earned by fulfilling subscriptions after the date of the balance sheets are shown as unearned revenue within current and long-term liabilities. Copyright fees are derived from providing certain Value Line trademarks and the Value Line Proprietary Ranks to third third Investment in Unconsolidated Entities: The Company accounts for its investment in its unconsolidated entity, EAM, using the equity method of accounting in accordance with FASB’s ASC 323. The Company’s “interests” in EAM, the investment adviser to and the sole member of the distributor of the Value Line Funds, consist of a "non-voting revenues interest" and a "non-voting profits interest" in EAM as defined in the EAM Trust Agreement. The non-voting revenues interest entitles the Company to receive a range of 41% to 55% of EAM’s adjusted gross revenues, excluding EULAV Securities' distribution revenues (“Revenues Interest”). The non-voting profits interest entitles the Company to receive 50% of EAM's profits, subject to certain limited adjustments as defined in the EAM Trust Agreement (“Profits Interest”). The Revenues Interest and at least 90% of the Profits Interest are to be distributed each quarter to all interest holders of EAM, including Value Line. The Company's Revenues Interest in EAM excludes participation in the service and distribution fees of EAM's subsidiary EULAV Securities. The Company reflects its non-voting revenues and non-voting profits interests in EAM as non-operating income under the equity method of accounting. Although the Company does not Valuation of Securities: The Company's securities classified as cash equivalents, equity securities and available-for-sale fixed income securities consist of shares of money market funds that invest primarily in short-term U.S. Government securities, investments in equities including ETFs and fixed income securities invested primarily in short-term U.S. Treasury bills that are valued in accordance with the requirements of the Fair Value Measurements Topic of the FASB's ASC 820. No. 2016 01 2016 01" The Company classifies its equity securities and available-for-sale fixed income securities as current assets to properly reflect its liquidity and to recognize the fact that it has liquid assets available-for-sale should the need arise. Market valuations of securities listed on a securities exchange and ETF shares are based on the closing sales prices on the last business day of each month. The market value of the Company's fixed maturity U.S. Government debt securities is determined utilizing publicly quoted market prices. Cash equivalents consist of investments in money market funds that invest primarily in U.S. Government securities valued in accordance with rule 2a 7 1940 The Fair Value Measurements Topic of FASB's ASC defines fair value as the price that the Company would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market for the investment. The Fair Value Measurements Topic established a three The three three Level 1 Level 2 Level 3 The following summarizes the levels of fair value measurements of the Company’s investments: As of October 31, 2023 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 3,427 $ - $ - $ 3,427 Equity securities 13,064 - - 13,064 Available-for-sale fixed income securities 42,406 500 - 42,906 $ 58,897 $ 500 $ - $ 59,397 As of April 30, 2023 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 7,240 $ - $ - $ 7,240 Equity securities 14,546 - - 14,546 Available-for-sale fixed income securities 39,178 750 - 39,928 $ 60,964 $ 750 $ - $ 61,714 The Company had no October 31, 2023 April 30, 2023, no 3 not Advertising expenses: The Company expenses advertising costs as incurred. Income Taxes: The Company computes its income tax provision in accordance with the Income Tax Topic of the FASB's ASC. Deferred tax liabilities and assets are recognized for the expected future tax consequences of events that have been reflected in the Consolidated Condensed Financial Statements. Deferred tax liabilities and assets are determined based on the differences between the book values and the tax bases of particular assets and liabilities, using tax rates currently in effect for the years in which the differences are expected to reverse. The Company adopted the provisions of ASU 2015 17, 740 The Income Tax Topic of the FASB's ASC establishes for all entities, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction), and requires certain expanded tax disclosures. As of October 31, 2023, no Earnings per share: Earnings per share are based on the weighted average number of shares of common stock and common stock equivalents outstanding during each period. Any shares that are reacquired during the period are weighted for the portion of the period that they are outstanding. The Company does not Cash and Cash Equivalents: For purposes of the Consolidated Condensed Statements of Cash Flows, the Company considers all cash held at banks and short term liquid investments with an original maturity of less than three October 31, 2023 April 30, 2023,

Note 2 - Investments

Note 2 - Investments	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) Note 2 Investments held by the Company and its subsidiaries are classified as equity securities and available-for-sale fixed income securities in accordance with FASB's ASC 321, 320, twelve Equity Securities: Equity securities on the Consolidated Condensed Balance Sheets, consist of ETFs held for dividend yield that attempt to replicate the performance of certain equity indexes. As of October 31, 2023 April 30, 2023, 500 Proceeds from sales of equity securities during the six October 31, 2023 October 31, 2022, The carrying value and fair value of equity securities at October 31, 2023 ($ in thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ETFs - equities $ 10,146 $ 2,923 $ (5 ) $ 13,064 The carrying value and fair value of equity securities at April 30, 2023 ($ in thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ETFs - equities $ 10,169 $ 4,392 $ (15 ) $ 14,546 Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) Government Debt Securities (Fixed Income Securities): Fixed income securities consist of certificates of deposits and securities issued by federal, state and local governments within the United States. Proceeds from maturities and sales of government debt securities classified as available-for-sale during the six October 31, 2023 October 31, 2022, October 31, 2023, April 30, 2023, The aggregate cost and fair value at October 31, 2023 Amortized Gross Unrealized Gross Unrealized ($ in thousands) Historical Cost Holding Gains Holding Losses Fair Value Maturity Due within 1 year $ 38,133 $ - $ (43 ) $ 38,090 Due 1 year through 5 years 5,136 - (320 ) 4,816 Total investment in government debt securities $ 43,269 $ - $ (363 ) $ 42,906 The increase in gross unrealized losses of $837,000 on fixed income securities classified as available-for-sale net of deferred income tax benefits of $177,000, was included in Accumulated Other Comprehensive Income on the Consolidated Condensed Balance Sheet as of October 31, 2023. The aggregate cost and fair value at April 30, 2023 Amortized Gross Unrealized Gross Unrealized ($ in thousands) Historical Cost Holding Gains Holding Losses Fair Value Maturity Due within 1 year $ 34,384 $ 486 $ (5 ) $ 34,865 Due within 1 year through 5 years 5,071 (8 ) 5,063 Total investment in government debt securities $ 39,455 $ 486 $ (13 ) $ 39,928 The increase in gross unrealized gains of $503,000 on fixed income securities classified as available-for-sale net of deferred income tax liability of $105,000, was included in Accumulated Other Comprehensive Income on the Consolidated Balance Sheet as of April 30, 2023. The average yield on the Government debt securities classified as available-for-sale at October 31, 2023 April 30, 2023 Investment Gains/(Losses): Investment gains/(losses) were comprised of the following: Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2023 2022 2023 2022 Dividend income $ 133 $ 141 $ 278 $ 254 Interest income 487 158 876 201 Investment gains/(losses) recognized on sales of equity securities during the period (14 ) 3 (3 ) 5 Unrealized gains/(losses) recognized on equity securities held at the end of the period (1,685 ) (577 ) (1,475 ) (434 ) Other - 7 - - Total investment gains/(losses) $ (1,079 ) $ (268 ) $ (324 ) $ 26 Taxable realized gains/(losses) on equity securities sold during fiscal years 2024 2023, 2024 2023. Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) Investment in Unconsolidated Entities: Equity Method Investment: As of October 31, 2023 April 30, 2023, The value of VLI’s investment in EAM at October 31, 2023 April 30, 2023 It is anticipated that EAM will have sufficient liquidity and earn enough profit to conduct its current and future operations so the management of EAM will not The Company monitors its Investment in EAM Trust for impairment to determine whether an event or change in circumstances has occurred that may not not 2024 2023. The components of EAM’s investment management operations, provided to the Company by EAM, were as follows: Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) (unaudited) 2023 2022 2023 2022 Investment management fees earned from the Value Line Funds, net of waivers shown below $ 5,640 $ 4,952 $ 11,068 $ 10,142 12b-1 fees and other fees, net of waivers shown below $ 1,600 $ 1,491 $ 3,179 $ 3,050 Other income $ (14 ) $ (4 ) $ 103 $ 4 Investment management fee waivers and reimbursements $ 114 $ 49 $ 162 $ 31 12b-1 fee waivers $ 23 $ 27 $ 48 $ 54 Value Line’s non-voting revenues interest $ 2,721 $ 2,623 $ 5,337 $ 5,405 EAM's net income (1) $ 548 $ 386 $ 1,030 $ 852 ( 1 October 31, April 30, ($ in thousands) 2023 2023 (unaudited) EAM's total assets $ 61,729 $ 61,389 EAM's total liabilities (1) (4,763 ) (4,357 ) EAM's total equity $ 56,966 $ 57,032 ( 1 October 31, 2023 April 30, 2023,

Note 3 - Variable Interest Enti

Note 3 - Variable Interest Entity	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) Note 3 The Company holds a non-voting revenues interest and a 50% non-voting profits interest in EAM, the adviser to the Value Line asset management and mutual fund distribution businesses. EAM is considered to be a VIE in relation to the Company. The Company makes its determination for consolidation of EAM as a VIE based on a qualitative assessment of the purpose and design of EAM, the terms and characteristics of the variable interests in EAM, and the risks EAM is designed to originate and pass through to holders of variable interests. Other than EAM, the Company does not The Company has determined that it does not not not not not In addition, although EAM is expected to be profitable, there is a risk that it could operate at a loss. While all of the profit interest shareholders in EAM are subject to variability based on EAM’s operations risk, Value Line’s non-voting revenues interest in EAM is a preferred interest in the revenues of EAM, rather than a profits interest in EAM, and Value Line accordingly believes it is subject to proportionately less risk than other holders of the profits interests. The Company has not no no Value Line ($ in thousands) VIE Assets Investment in EAM Trust (1) Liabilities Maximum Exposure to Loss As of October 31, 2023 (unaudited) $ 61,729 $ 59,119 $ - $ 59,119 As of April 30, 2023 $ 61,389 $ 58,775 $ - $ 58,775 ( 1

Note 4 - Supplementary Cash Flo

Note 4 - Supplementary Cash Flows Information	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) Note 4 Reconciliation of Cash, Cash Equivalents, and Restricted Cash: The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Condensed Statement of Cash Flows that sum to the total of the same such amounts shown in the Consolidated Condensed Statement of Cash Flows. Six Months Ended October 31, ($ in thousands) 2023 2022 Cash and cash equivalents $ 3,924 $ 12,668 Restricted cash 305 305 Total cash, cash equivalents, and restricted cash shown in the Consolidated Condensed Statement of Cash Flows $ 4,229 $ 12,973 Income Tax Payments: The Company made income tax payments as follows: Six Months Ended October 31, ($ in thousands) 2023 2022 State and local income tax payments $ 497 $ 650 Federal income tax payments $ 2,900 $ 3,127

Note 5 - Employees' Profit Shar

Note 5 - Employees' Profit Sharing and Savings Plan	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Compensation Related Costs, General [Text Block]	Note 5 Substantially all employees of the Company and its subsidiaries are members of the Value Line, Inc. Profit Sharing and Savings Plan (the "Plan"). In general, this is a qualified, contributory plan which provides for a discretionary annual Company contribution. For the six October 31, 2023 October 31, 2022, 2024 2023,

Note 6 - Comprehensive Income

Note 6 - Comprehensive Income	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 6 The FASB's ASC Comprehensive Income topic requires the reporting of comprehensive income in addition to net income from operations. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that otherwise would not As of October 31, 2023 October 31, 2022 The components of comprehensive income included in the Consolidated Condensed Statements of Income and Changes in Shareholders' Equity for the six October 31, 2023 ($ in thousands) Amount Before Tax Tax (Expense) / Benefit Amount Net of Tax Change in unrealized gains/(losses) on available-for-sale fixed income securities $ (837 ) $ 177 $ (660 ) $ (837 ) $ 177 $ (660 ) The components of comprehensive income included in the Consolidated Condensed Statements of Income and Changes in Shareholders' Equity for the six October 31, 2022 ($ in thousands) Amount Before Tax Tax (Expense) / Benefit Amount Net of Tax Change in unrealized gains/(losses) on available-for-sale fixed income securities $ 3 $ (1 ) $ 2 $ 3 $ (1 ) $ 2

Note 7 - Related Party Transact

Note 7 - Related Party Transactions	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) Note 7 Investment Management (overview): The Company has substantial non-voting revenues and non-voting profits interests in EAM, the asset manager to the Value Line Mutual Funds. Accordingly, the Company does not Total assets in the Value Line Funds managed and/or distributed by EAM at October 31, 2023, October 31, 2022. The Company’s non-voting revenues and non-voting profits interests in EAM entitle it to receive quarterly distributions in a range of 41% to 55% of EAM’s revenues (excluding distribution revenues) from EAM’s mutual fund and separate account business and 50% of the residual profits of EAM (subject to temporary increase in certain limited circumstances). The Voting Profits Interest Holders receive the other 50% of residual profits of EAM. Distribution is not EAM Trust - VLI's non-voting revenues and non-voting profits interests: The Company holds non-voting revenues and non-voting profits interests in EAM which entitle the Company to receive from EAM an amount ranging from 41% to 55% of EAM's investment management fee revenues from its mutual fund and separate accounts business. EAM currently has no Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2023 2022 2023 2022 Non-voting revenues interest in EAM $ 2,721 $ 2,623 $ 5,337 $ 5,405 Non-voting profits interest in EAM 274 193 515 426 $ 2,995 $ 2,816 $ 5,852 $ 5,831 At October 31, 2023, Transactions with Parent: During the six October 31, 2023 October 31, 2022, October 31, 2023 April 30, 2023. The Company is a party to a tax-sharing arrangement with the Parent which allocates the tax liabilities of the two six October 31, 2023 October 31, 2022, As of October 31, 2023,

Note 8 - Federal, State and Loc

Note 8 - Federal, State and Local Income Taxes	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 8 In accordance with the requirements of the Income Tax Topic of the FASB's ASC, the Company's provision for income taxes includes the following: Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2023 2022 2023 2022 Current tax expense: Federal $ 1,253 $ 1,252 $ 2,462 $ 2,390 State and local 259 110 510 467 Current tax expense 1,512 1,362 2,972 2,857 Deferred tax expense (benefit): Federal (346 ) (11 ) (306 ) (99 ) State and local (64 ) 40 (64 ) 40 Deferred tax expense (benefit): (410 ) 29 (370 ) (59 ) Income tax provision $ 1,102 $ 1,391 $ 2,602 $ 2,798 Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) On December 22, 2017 1, 35% 21% January 1, 2018. 2019 The overall effective income tax rates, as a percentage of pre-tax ordinary income for the six October 31, 2023 October 31, 2022 six October 31, 2023 October 31, 2022, not not Deferred income taxes, a liability, are provided for temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities. The tax effect of temporary differences giving rise to the Company's long-term deferred tax liability are as follows: October 31, April 30, ($ in thousands) 2023 2023 Federal tax liability (benefit): Deferred gain on deconsolidation of EAM $ 10,669 $ 10,669 Deferred non-cash post-employment compensation (372 ) (372 ) Depreciation and amortization 53 59 Unrealized gain/(loss) on fixed income securities held for sale (76 ) 99 Unrealized gain on equity securities 613 919 Right of Use Asset (161 ) (174 ) Deferred charges (144 ) (136 ) Other (433 ) (432 ) Total federal tax liability 10,149 10,632 State and local tax liabilities (benefits): Deferred gain on deconsolidation of EAM 1,935 2,062 Deferred non-cash post-employment compensation (67 ) (72 ) Depreciation and amortization 10 125 Unrealized gain/(loss) on fixed income securities held for sale (13 ) 19 Unrealized gain on equity securities 111 178 Other 412 185 Total state and local tax liabilities 2,388 2,497 Deferred tax liability, long-term $ 12,537 $ 13,129 At the end of each interim reporting period, the Company estimates the effective income tax rate to apply for the full fiscal year. The Company uses the effective income tax rate determined to provide for income taxes on a year-to-date basis and reflects the tax effect of any tax law changes and certain other discrete events in the period in which they occur. The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory income tax rate to pretax income as a result of the following: Six months Ended October 31, 2023 2022 U.S. statutory federal tax rate 21.00 % 21.00 % Increase (decrease) in tax rate from: State and local income taxes, net of federal income tax benefit 3.03 % 3.37 % Effect of dividends received deductions (0.25 )% (0.23 )% Other, net (0.02 )% 0.01 % Effective income tax rate 23.76 % 24.15 % The Company believes that, as of October 31, 2023, no Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited) The Company is included in the consolidated federal income tax return of the Parent. The Company has a tax sharing agreement which requires it to make tax payments to the Parent equal to the Company's liability/(benefit) as if it filed a separate return. Beginning with the fiscal year ended April 30, 2017, The Company’s federal income tax returns (included in the Parent’s consolidated returns) and state and city tax returns for fiscal years ended 2020 2022, three

Note 9 - Property and Equipment

Note 9 - Property and Equipment	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 9 Property and equipment are carried at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements, over the remaining terms of the leases. For income tax purposes, depreciation of furniture and equipment is computed using accelerated methods and buildings and leasehold improvements are depreciated over prescribed extended tax lives. Property and equipment, net, on the Consolidated Condensed Balance Sheets was comprised of the following: October 31, April 30, ($ in thousands) 2023 2023 Building and leasehold improvements $ 1,013 $ 1,013 Operating lease - right-of-use asset 4,704 5,300 Furniture and equipment 4,089 4,079 9,806 10,392 Accumulated depreciation and amortization (4,674 ) (4,604 ) Total property and equipment, net $ 5,132 $ 5,788

Note 10 - Accounting for the Co

Note 10 - Accounting for the Costs of Computer Software Developed for Internal Use	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Internal Use Software Disclosure [Text Block]	Note 10 The Company has adopted the provisions of the Statement of Position 98 1 98 1 98 1 six October 31, 2023 October 31, 2022, During the six October 31, 2023 October 31, 2022, not not third

Note 11 - Treasury Stock and Re

Note 11 - Treasury Stock and Repurchase Program	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Treasury Stock [Text Block]	Note 11 During October 2022, may may no no Treasury stock, at cost, consists of the following: (in thousands except for shares and cost per share) Shares Cost Assigned Average Cost per Share Aggregate Purchase Price Remaining Under the Program Balance as of July 31, 2023 569,471 $ 14,859 $ 26.09 $ 1,546 Purchases effected in open market during the months ended: August 31, 2023 413 20 48.47 1,526 September 30, 2023 1,324 63 47.43 1,463 October 31, 2023 1,809 67 37.33 1,396 Balance as of October 31, 2023 573,017 $ 15,009 $ 26.19 $ 1,396 Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited)

Note 12 - Lease Commitments

Note 12 - Lease Commitments	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 12 In February 2016, No. 2016 02, 842 one May 2019 The Company adopted ASU 2016 02 2018 11, not May 1, 2019). not 1 2 3 The Company leases office space in New York, NY and a warehouse and appurtenant office space in Lyndhurst, NJ. The Company has evaluated these leases and determined that they are operating leases under the definitions of the guidance of ASU 2016 02. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. For operating leases, the right-of-use asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. On May 1, 2019, October 31, 2023, The Company recognizes lease expense, calculated as the remaining cost of the lease allocated over the remaining lease term on a straight-line basis. Lease expense is presented as part of continuing operations in the consolidated condensed statements of income. The Company recognized $750,000 2024 2023 six October 31, 2023 October 31, 2022, For the six October 31, 2023, The Company’s leases generally do not 842 October 31, 2023: Fiscal years ended October 31, ($ in thousands) 2024* $ 824 2025 1,429 2026 1,461 2027 1,493 2028 883 Total undiscounted future minimum lease payments 6,090 Less: difference between undiscounted lease payments & the present value of future lease payments 618 Total operating lease liabilities $ 5,472 * Excludes the six October 31, 2023 Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2023 (Unaudited)

Note 13 - Restricted Cash and D

Note 13 - Restricted Cash and Deposits	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	Note 13 Restricted Money Market Investment in the noncurrent assets on the Consolidated Condensed Balance Sheet at October 31, 2023, third 2022.

Note 14 - Concentration

Note 14 - Concentration	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	Note 14 During the six October 31, 2023,

Note 15 - Concentration of Cred

Note 15 - Concentration of Credit Risk	6 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Concentration of Credit Risk [Text Block]	Note 15 Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. October 31, 2023 October 31, 2022, not

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		Item 5. Value Line has never adopted a Rule 10b5 1 408 1 None 10b5 1 10b5 1 408 July 31, 2023 October 31, 2023.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may
Consolidation, Policy [Policy Text Block]	Principles of Consolidation: The Company follows the guidance in the Financial Accounting Standards Board's ("FASB") Topic 810 not not 3 In accordance with FASB's Topic 810, 323 810 not
Revenue [Policy Text Block]	Revenue Recognition: Depending upon the product, subscription fulfillment for Value Line periodicals and related publications is available in print or digitally, via internet access. The length of a subscription varies by product and offer received by the subscriber. Generally, subscriptions are offered as annual subscriptions. Subscription revenues, net of discounts, are recognized ratably on a straight line basis when the product is served to the client over the life of the subscription. Accordingly, the amount of subscription fees to be earned by fulfilling subscriptions after the date of the balance sheets are shown as unearned revenue within current and long-term liabilities. Copyright fees are derived from providing certain Value Line trademarks and the Value Line Proprietary Ranks to third third
Equity Method Investments [Policy Text Block]	Investment in Unconsolidated Entities: The Company accounts for its investment in its unconsolidated entity, EAM, using the equity method of accounting in accordance with FASB’s ASC 323. The Company’s “interests” in EAM, the investment adviser to and the sole member of the distributor of the Value Line Funds, consist of a "non-voting revenues interest" and a "non-voting profits interest" in EAM as defined in the EAM Trust Agreement. The non-voting revenues interest entitles the Company to receive a range of 41% to 55% of EAM’s adjusted gross revenues, excluding EULAV Securities' distribution revenues (“Revenues Interest”). The non-voting profits interest entitles the Company to receive 50% of EAM's profits, subject to certain limited adjustments as defined in the EAM Trust Agreement (“Profits Interest”). The Revenues Interest and at least 90% of the Profits Interest are to be distributed each quarter to all interest holders of EAM, including Value Line. The Company's Revenues Interest in EAM excludes participation in the service and distribution fees of EAM's subsidiary EULAV Securities. The Company reflects its non-voting revenues and non-voting profits interests in EAM as non-operating income under the equity method of accounting. Although the Company does not
Fair Value Measurement, Policy [Policy Text Block]	Valuation of Securities: The Company's securities classified as cash equivalents, equity securities and available-for-sale fixed income securities consist of shares of money market funds that invest primarily in short-term U.S. Government securities, investments in equities including ETFs and fixed income securities invested primarily in short-term U.S. Treasury bills that are valued in accordance with the requirements of the Fair Value Measurements Topic of the FASB's ASC 820. No. 2016 01 2016 01" The Company classifies its equity securities and available-for-sale fixed income securities as current assets to properly reflect its liquidity and to recognize the fact that it has liquid assets available-for-sale should the need arise. Market valuations of securities listed on a securities exchange and ETF shares are based on the closing sales prices on the last business day of each month. The market value of the Company's fixed maturity U.S. Government debt securities is determined utilizing publicly quoted market prices. Cash equivalents consist of investments in money market funds that invest primarily in U.S. Government securities valued in accordance with rule 2a 7 1940 The Fair Value Measurements Topic of FASB's ASC defines fair value as the price that the Company would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market for the investment. The Fair Value Measurements Topic established a three The three three Level 1 Level 2 Level 3 The following summarizes the levels of fair value measurements of the Company’s investments: As of October 31, 2023 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 3,427 $ - $ - $ 3,427 Equity securities 13,064 - - 13,064 Available-for-sale fixed income securities 42,406 500 - 42,906 $ 58,897 $ 500 $ - $ 59,397 As of April 30, 2023 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 7,240 $ - $ - $ 7,240 Equity securities 14,546 - - 14,546 Available-for-sale fixed income securities 39,178 750 - 39,928 $ 60,964 $ 750 $ - $ 61,714 The Company had no October 31, 2023 April 30, 2023, no 3 not
Advertising Cost [Policy Text Block]	Advertising expenses: The Company expenses advertising costs as incurred.
Income Tax, Policy [Policy Text Block]	Income Taxes: The Company computes its income tax provision in accordance with the Income Tax Topic of the FASB's ASC. Deferred tax liabilities and assets are recognized for the expected future tax consequences of events that have been reflected in the Consolidated Condensed Financial Statements. Deferred tax liabilities and assets are determined based on the differences between the book values and the tax bases of particular assets and liabilities, using tax rates currently in effect for the years in which the differences are expected to reverse. The Company adopted the provisions of ASU 2015 17, 740 The Income Tax Topic of the FASB's ASC establishes for all entities, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction), and requires certain expanded tax disclosures. As of October 31, 2023, no
Earnings Per Share, Policy [Policy Text Block]	Earnings per share: Earnings per share are based on the weighted average number of shares of common stock and common stock equivalents outstanding during each period. Any shares that are reacquired during the period are weighted for the portion of the period that they are outstanding. The Company does not
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents: For purposes of the Consolidated Condensed Statements of Cash Flows, the Company considers all cash held at banks and short term liquid investments with an original maturity of less than three October 31, 2023 April 30, 2023,

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	As of October 31, 2023 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 3,427 $ - $ - $ 3,427 Equity securities 13,064 - - 13,064 Available-for-sale fixed income securities 42,406 500 - 42,906 $ 58,897 $ 500 $ - $ 59,397 As of April 30, 2023 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 7,240 $ - $ - $ 7,240 Equity securities 14,546 - - 14,546 Available-for-sale fixed income securities 39,178 750 - 39,928 $ 60,964 $ 750 $ - $ 61,714

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	($ in thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ETFs - equities $ 10,146 $ 2,923 $ (5 ) $ 13,064 ($ in thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ETFs - equities $ 10,169 $ 4,392 $ (15 ) $ 14,546
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	Amortized Gross Unrealized Gross Unrealized ($ in thousands) Historical Cost Holding Gains Holding Losses Fair Value Maturity Due within 1 year $ 38,133 $ - $ (43 ) $ 38,090 Due 1 year through 5 years 5,136 - (320 ) 4,816 Total investment in government debt securities $ 43,269 $ - $ (363 ) $ 42,906 Amortized Gross Unrealized Gross Unrealized ($ in thousands) Historical Cost Holding Gains Holding Losses Fair Value Maturity Due within 1 year $ 34,384 $ 486 $ (5 ) $ 34,865 Due within 1 year through 5 years 5,071 (8 ) 5,063 Total investment in government debt securities $ 39,455 $ 486 $ (13 ) $ 39,928
Investment Income [Table Text Block]	Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2023 2022 2023 2022 Dividend income $ 133 $ 141 $ 278 $ 254 Interest income 487 158 876 201 Investment gains/(losses) recognized on sales of equity securities during the period (14 ) 3 (3 ) 5 Unrealized gains/(losses) recognized on equity securities held at the end of the period (1,685 ) (577 ) (1,475 ) (434 ) Other - 7 - - Total investment gains/(losses) $ (1,079 ) $ (268 ) $ (324 ) $ 26
Investment Holdings, Other than Securities [Table Text Block]	Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) (unaudited) 2023 2022 2023 2022 Investment management fees earned from the Value Line Funds, net of waivers shown below $ 5,640 $ 4,952 $ 11,068 $ 10,142 12b-1 fees and other fees, net of waivers shown below $ 1,600 $ 1,491 $ 3,179 $ 3,050 Other income $ (14 ) $ (4 ) $ 103 $ 4 Investment management fee waivers and reimbursements $ 114 $ 49 $ 162 $ 31 12b-1 fee waivers $ 23 $ 27 $ 48 $ 54 Value Line’s non-voting revenues interest $ 2,721 $ 2,623 $ 5,337 $ 5,405 EAM's net income (1) $ 548 $ 386 $ 1,030 $ 852
Summary Investment Holdings [Table Text Block]	October 31, April 30, ($ in thousands) 2023 2023 (unaudited) EAM's total assets $ 61,729 $ 61,389 EAM's total liabilities (1) (4,763 ) (4,357 ) EAM's total equity $ 56,966 $ 57,032

Note 3 - Variable Interest En_2

Note 3 - Variable Interest Entity (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	Value Line ($ in thousands) VIE Assets Investment in EAM Trust (1) Liabilities Maximum Exposure to Loss As of October 31, 2023 (unaudited) $ 61,729 $ 59,119 $ - $ 59,119 As of April 30, 2023 $ 61,389 $ 58,775 $ - $ 58,775

Note 4 - Supplementary Cash F_2

Note 4 - Supplementary Cash Flows Information (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended October 31, ($ in thousands) 2023 2022 Cash and cash equivalents $ 3,924 $ 12,668 Restricted cash 305 305 Total cash, cash equivalents, and restricted cash shown in the Consolidated Condensed Statement of Cash Flows $ 4,229 $ 12,973 Six Months Ended October 31, ($ in thousands) 2023 2022 State and local income tax payments $ 497 $ 650 Federal income tax payments $ 2,900 $ 3,127

Note 6 - Comprehensive Income (

Note 6 - Comprehensive Income (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	($ in thousands) Amount Before Tax Tax (Expense) / Benefit Amount Net of Tax Change in unrealized gains/(losses) on available-for-sale fixed income securities $ (837 ) $ 177 $ (660 ) $ (837 ) $ 177 $ (660 ) ($ in thousands) Amount Before Tax Tax (Expense) / Benefit Amount Net of Tax Change in unrealized gains/(losses) on available-for-sale fixed income securities $ 3 $ (1 ) $ 2 $ 3 $ (1 ) $ 2

Note 7 - Related Party Transa_2

Note 7 - Related Party Transactions (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Non Voting Revenues Interest and Non Voting Profits Interests [Table Text Block]	Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2023 2022 2023 2022 Non-voting revenues interest in EAM $ 2,721 $ 2,623 $ 5,337 $ 5,405 Non-voting profits interest in EAM 274 193 515 426 $ 2,995 $ 2,816 $ 5,852 $ 5,831

Note 8 - Federal, State and L_2

Note 8 - Federal, State and Local Income Taxes (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2023 2022 2023 2022 Current tax expense: Federal $ 1,253 $ 1,252 $ 2,462 $ 2,390 State and local 259 110 510 467 Current tax expense 1,512 1,362 2,972 2,857 Deferred tax expense (benefit): Federal (346 ) (11 ) (306 ) (99 ) State and local (64 ) 40 (64 ) 40 Deferred tax expense (benefit): (410 ) 29 (370 ) (59 ) Income tax provision $ 1,102 $ 1,391 $ 2,602 $ 2,798
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	October 31, April 30, ($ in thousands) 2023 2023 Federal tax liability (benefit): Deferred gain on deconsolidation of EAM $ 10,669 $ 10,669 Deferred non-cash post-employment compensation (372 ) (372 ) Depreciation and amortization 53 59 Unrealized gain/(loss) on fixed income securities held for sale (76 ) 99 Unrealized gain on equity securities 613 919 Right of Use Asset (161 ) (174 ) Deferred charges (144 ) (136 ) Other (433 ) (432 ) Total federal tax liability 10,149 10,632 State and local tax liabilities (benefits): Deferred gain on deconsolidation of EAM 1,935 2,062 Deferred non-cash post-employment compensation (67 ) (72 ) Depreciation and amortization 10 125 Unrealized gain/(loss) on fixed income securities held for sale (13 ) 19 Unrealized gain on equity securities 111 178 Other 412 185 Total state and local tax liabilities 2,388 2,497 Deferred tax liability, long-term $ 12,537 $ 13,129
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Six months Ended October 31, 2023 2022 U.S. statutory federal tax rate 21.00 % 21.00 % Increase (decrease) in tax rate from: State and local income taxes, net of federal income tax benefit 3.03 % 3.37 % Effect of dividends received deductions (0.25 )% (0.23 )% Other, net (0.02 )% 0.01 % Effective income tax rate 23.76 % 24.15 %

Note 9 - Property and Equipme_2

Note 9 - Property and Equipment (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	October 31, April 30, ($ in thousands) 2023 2023 Building and leasehold improvements $ 1,013 $ 1,013 Operating lease - right-of-use asset 4,704 5,300 Furniture and equipment 4,089 4,079 9,806 10,392 Accumulated depreciation and amortization (4,674 ) (4,604 ) Total property and equipment, net $ 5,132 $ 5,788

Note 11 - Treasury Stock and _2

Note 11 - Treasury Stock and Repurchase Program (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Class of Treasury Stock [Table Text Block]	(in thousands except for shares and cost per share) Shares Cost Assigned Average Cost per Share Aggregate Purchase Price Remaining Under the Program Balance as of July 31, 2023 569,471 $ 14,859 $ 26.09 $ 1,546 Purchases effected in open market during the months ended: August 31, 2023 413 20 48.47 1,526 September 30, 2023 1,324 63 47.43 1,463 October 31, 2023 1,809 67 37.33 1,396 Balance as of October 31, 2023 573,017 $ 15,009 $ 26.19 $ 1,396

Note 12 - Lease Commitments (Ta

Note 12 - Lease Commitments (Tables)	6 Months Ended
	Oct. 31, 2023
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal years ended October 31, ($ in thousands) 2024* $ 824 2025 1,429 2026 1,461 2027 1,493 2028 883 Total undiscounted future minimum lease payments 6,090 Less: difference between undiscounted lease payments & the present value of future lease payments 618 Total operating lease liabilities $ 5,472

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($)	6 Months Ended
	Oct. 31, 2023	Apr. 30, 2023
Money Market Funds, at Carrying Value	$ 3,427,000	$ 7,240,000
EAM Trust [Member]
Non Voting Profits Interest Percent	50%
EAM Trust [Member] | Minimum [Member]
Non Voting Revenues Interest Percent	41%
Percentage of Non Voting Profits Interests Due from Ex Subsidiary Payable to Parent under Agreement	90%
EAM Trust [Member] | Maximum [Member]
Non Voting Revenues Interest Percent	55%

Note 1 - Organization and Sum_4

Note 1 - Organization and Summary of Significant Accounting Policies - Schedule of Fair Value Measurements of Investments (Details) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Cash equivalents	$ 3,427,000	$ 7,240,000
Equity Securities, FV-NI	13,064,000	14,546,000
Available-for-sale fixed income securities	42,906,000	39,928,000
Investments, Fair Value Disclosure	59,397,000	61,714,000
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	3,427,000	7,240,000
Equity Securities, FV-NI	13,064,000	14,546,000
Available-for-sale fixed income securities	42,406,000	39,178,000
Investments, Fair Value Disclosure	58,897,000	60,964,000
Fair Value, Inputs, Level 2 [Member]
Cash equivalents	0	0
Equity Securities, FV-NI	0	0
Available-for-sale fixed income securities	500,000	750,000
Investments, Fair Value Disclosure	500,000	750,000
Fair Value, Inputs, Level 3 [Member]
Cash equivalents	0	0
Equity Securities, FV-NI	0	0
Available-for-sale fixed income securities	0	0
Investments, Fair Value Disclosure	$ 0	$ 0

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023
Equity Securities, FV-NI, Cost	$ 10,146,000				$ 10,146,000		$ 10,169,000
Equity Securities, FV-NI	13,064,000				13,064,000		14,546,000
Proceeds from Sale of Equity Securities, FV-NI					999,000	$ 1,016,000
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	(448,000)	$ (212,000)	$ (3,000)	$ 5,000	(660,000)	2,000
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax					(177,000)	1,000
Equity Securities, FV-NI, Gain (Loss)					(18,000)	(9,000)
Equity Method Investments	59,119,000				59,119,000		58,775,000
EAM Trust [Member]
Fair Value of Contributed Capital at Inception	55,805,000				55,805,000		55,805,000
Cash and Liquid Securities in Excess of Working Capital Requirements Contributed to Capital Account	5,820,000				5,820,000		5,820,000
Equity Method Investment, Other than Temporary Impairment					0		0
Percentage of Non Voting Profit Interest		50%
Accrued Non Voting Revenues and Non Voting Profits Interests Payable	2,967,000				2,967,000		2,601,000
Fixed Income Securities [Member]
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale					19,265,000	$ 0
AOCI, Debt Securities, Available-for-Sale, Adjustment, after Tax	$ 363,000				363,000		473,000
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent					$ 837,000		503,000
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax							$ 105,000
Debt Securities, Available-for-Sale, Weighted Average Yield	3.65%				3.65%		2.55%
Fixed Income Securities [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
AOCI Tax, Attributable to Parent	$ 77,000				$ 77,000		$ 99,000

Note 2 - Investments - Schedule

Note 2 - Investments - Schedule of Carrying Value and Fair Value of Equity Securities (Details) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Equity securities, cost	$ 10,146,000	$ 10,169,000
Equity securities, fair value	13,064,000	14,546,000
Exchange Traded Funds [Member]
Equity securities, cost	10,146,000	10,169,000
Equity securities, gross unrealized gains	2,923,000	4,392,000
Equity securities, gross unrealized losses	(5,000)	(15,000)
Equity securities, fair value	$ 13,064,000	$ 14,546,000

Note 2 - Investments - Schedu_2

Note 2 - Investments - Schedule of Carrying Value and Fair Value of Securities Available-for-sale (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Due within 1 year, amortized cost	$ 38,133	$ 34,384
Due within 1 year, gross unrealized gains	0	486
Due within 1 year, gross unrealized losses	(43)	(5)
Due within 1 year, fair value	38,090	34,865
Due within 1 year through 5 years, amortized cost	5,136	5,071
Due 1 year through 5 years, unrealized gains	0
Due within 1 year through 5 years, gross unrealized losses	(320)	(8)
Due within 1 year through 5 years, fair value	4,816	5,063
Amortized cost	43,269	39,455
Total investment in government debt securities, gross unrealized gains	0	486
Total investment in government debt securities, gross unrealized losses	(363)	(13)
Fair value	$ 42,906	$ 39,928

Note 2 - Investments - Income F

Note 2 - Investments - Income From Securities Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Dividend income	$ 133	$ 141	$ 278	$ 254
Interest income	487	158	876	201
Investment gains/(losses) recognized on sales of equity securities during the period	(14)	3	(3)	5
Unrealized gains/(losses) recognized on equity securities held at the end of the period	(1,685)	(577)	(1,475)	(434)
Other	0	7	0	0
Total investment gains/(losses)	$ (1,079)	$ (268)	$ (324)	$ 26

Note 2 - Investments - Componen

Note 2 - Investments - Components of EAM's Investment Management Operations (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Revenues		$ 9,610		$ 10,066		$ 19,353	$ 20,010
Value Line’s non-voting revenues interest		2,721		2,623		5,337	5,405
EAM's net income		3,488	$ 4,859	4,330	$ 4,458	8,347	8,788
EAM Trust [Member]
Other income		(14)		(4)		103	4
Investment management fee waivers and reimbursements		114		49		162	31
12b-1 fee waivers		23		27		48	54
Value Line’s non-voting revenues interest		2,721		2,623		5,337	5,405
EAM's net income	[1]	548		386		1,030	852
EAM Trust [Member] | Investment Advice [Member]
Revenues		5,640		4,952		11,068	10,142
EAM Trust [Member] | Distribution and Shareholder Service [Member]
Revenues		$ 1,600		$ 1,491		$ 3,179	$ 3,050
[1]Represents EAM's net income, after giving effect to Value Line’s non-voting revenues interest, but before distributions to voting profits interest holders and to the Company in respect of its 50% non-voting profits interest.

Note 2 - Investments - Assets a

Note 2 - Investments - Assets and Liabilities (Details) - USD ($) $ in Thousands		Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022
EAM's total assets		$ 130,341		$ 131,076
EAM's total liabilities		44,599		47,403
EAM's total equity		85,742	$ 85,491	83,673	$ 80,220	$ 79,357	$ 79,645
EAM Trust [Member]
EAM's total assets		61,729		61,389
EAM's total liabilities	[1]	4,763		4,357
EAM's total equity		$ 56,966		$ 57,032
[1]At July 31, 2023 and April 30, 2023, EAM's total liabilities included a payable to VLI for its accrued non-voting revenues interest and non-voting profits interest of $2,833,000 and $2,601,000, respectively.

Note 3 - Variable Interest En_3

Note 3 - Variable Interest Entity (Details Textual)	6 Months Ended
	Oct. 31, 2023
EAM Trust [Member]
Non Voting Profits Interest Percent	50%

Note 3 - Variable Interest En_4

Note 3 - Variable Interest Entity - Total Assets, the Maximum Exposure to Loss, and Value of the Assets and Liabilities in EAM (Details) - USD ($) $ in Thousands		Oct. 31, 2023	Apr. 30, 2023
Assets		$ 130,341	$ 131,076
Liabilities		44,599	47,403
EAM Trust [Member]
Assets		61,729	61,389
Liabilities	[1]	4,763	4,357
EAM Trust [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Assets	[2]	59,119	58,775
Liabilities		0	0
Value Line Maximum Exposure to Loss		$ 59,119	$ 58,775
[1]At July 31, 2023 and April 30, 2023, EAM's total liabilities included a payable to VLI for its accrued non-voting revenues interest and non-voting profits interest of $2,833,000 and $2,601,000, respectively.[2]Reported within Long-Term Assets on the Consolidated Condensed Balance Sheets.

Note 4 - Supplementary Cash F_3

Note 4 - Supplementary Cash Flows Information - Supplementary Cash Flow Elements (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023	Apr. 30, 2022
Cash and cash equivalents	$ 3,924	$ 12,668	$ 7,590
Restricted cash	305	305
Total cash, cash equivalents, and restricted cash shown in the Consolidated Condensed Statement of Cash Flows	4,229	12,973	$ 7,895	$ 30,008
State and local income tax payments	497	650
Federal income tax payments	$ 2,900	$ 3,127

Note 5 - Employees' Profit Sh_2

Note 5 - Employees' Profit Sharing and Savings Plan (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Apr. 30, 2023
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 191,000	$ 213,000

Note 6 - Comprehensive Income -

Note 6 - Comprehensive Income - Components of Comprehensive Income (Details) - USD ($)	3 Months Ended				6 Months Ended
	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Change in unrealized gains/(losses) on available-for-sale fixed income securities					$ (837,000)	$ 3,000
Change in unrealized gains/(losses) on available-for-sale fixed income securities					177,000	(1,000)
Change in unrealized gains/(losses) on available-for-sale fixed income securities					(660,000)	2,000
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, before Tax, Portion Attributable to Parent					(837,000)	3,000
Other comprehensive income (loss), available-for-sale securities, tax expense					177,000	(1,000)
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	$ (448,000)	$ (212,000)	$ (3,000)	$ 5,000	$ (660,000)	$ 2,000

Note 7 - Related Party Transa_3

Note 7 - Related Party Transactions (Details Textual) - USD ($)	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022
Ownership Percentage By Parent	91.59%
AB&Co [Member]
Accounts Receivable, after Allowance for Credit Loss			$ 0	$ 0
Income Taxes Paid	$ 2,900,000	$ 3,127,000
AB&Co [Member] | Reimbursement for Payments and Services [Member]
Related Party Transaction, Amounts of Transaction	170,000	170,000
EAM Trust [Member]
Assets under Management, Carrying Amount	$ 3,310,000,000	$ 2,890,000,000
Percentage of Assets Increased (Decreased) in Unconsolidated Entities	14.50%
Non Voting Profits Interest Percent	50%
Voting Profits Interest Percent	50%
Accrued Investment Income Receivable	$ 2,967,000
EAM Trust [Member] | Minimum [Member]
Non Voting Revenues Interest Percent	41%
Percentage of Non Voting Profits Interests Due from Ex Subsidiary Payable to Parent under Agreement	90%
EAM Trust [Member] | Maximum [Member]
Non Voting Revenues Interest Percent	55%

Note 7 - Related Party Transa_4

Note 7 - Related Party Transactions - Non-voting Revenues Interest and Non-voting Profits Interests (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Value Line’s non-voting revenues interest	$ 2,721	$ 2,623	$ 5,337	$ 5,405
Non-voting profits interest in EAM	274	193	515	426
Revenues and Profits Distribution from Unconsolidated Entity	$ 2,995	$ 2,816	$ 5,852	$ 5,831

Note 8 - Federal, State and L_3

Note 8 - Federal, State and Local Income Taxes (Details Textual)	6 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2019
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
Effective Income Tax Rate Reconciliation, Percent	23.76%	24.15%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	3.03%	3.37%

Note 8 - Federal, State and L_4

Note 8 - Federal, State and Local Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Federal	$ 1,253	$ 1,252	$ 2,462	$ 2,390
State and local	259	110	510	467
Current tax expense	1,512	1,362	2,972	2,857
Federal	(346)	(11)	(306)	(99)
State and local	(64)	40	(64)	40
Deferred tax expense (benefit):	(410)	29	(370)	(59)
Income tax provision	$ 1,102	$ 1,391	$ 2,602	$ 2,798

Note 8 - Federal, State and L_5

Note 8 - Federal, State and Local Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Deferred tax liability	$ 12,537	$ 13,129
Domestic Tax Authority [Member]
Deferred gain on deconsolidation of EAM	10,669	10,669
Deferred non-cash post-employment compensation	(372)	(372)
Depreciation and amortization	53	59
Unrealized gain/(loss) on fixed income securities held for sale	(76)	99
Unrealized gain on equity securities	613	919
Right of Use Asset	(161)	(174)
Deferred charges	(144)	(136)
Other	(433)	(432)
Deferred tax liability	10,149	10,632
State and Local Jurisdiction [Member]
Deferred gain on deconsolidation of EAM	1,935	2,062
Deferred non-cash post-employment compensation	(67)	(72)
Depreciation and amortization	10	125
Unrealized gain/(loss) on fixed income securities held for sale	(13)	19
Unrealized gain on equity securities	111	178
Other	412	185
Deferred tax liability	$ 2,388	$ 2,497

Note 8 - Federal, State and L_6

Note 8 - Federal, State and Local Income Taxes - Effective Income Tax Rate Reconciliation (Details)	6 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2019
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	3.03%	3.37%
Effect of dividends received deductions	(0.25%)	(0.23%)
Other, net	(0.02%)	0.01%
Effective income tax rate	23.76%	24.15%

Note 9 - Property and Equipme_3

Note 9 - Property and Equipment - Components of Property and Equipment (Details) - USD ($)	Oct. 31, 2023	Apr. 30, 2023	May 01, 2019
Building and leasehold improvements	$ 1,013,000	$ 1,013,000
Furniture and equipment	4,089,000	4,079,000
Property, Plant and Equipment, Gross	9,806,000	10,392,000
Accumulated depreciation and amortization	(4,674,000)	(4,604,000)
Property and equipment, net	5,132,000	5,788,000
Property and Equipment [Member]
Operating lease - right-of-use asset	$ 4,704,000	$ 5,300,000	$ 9,575,000

Note 10 - Accounting for the _2

Note 10 - Accounting for the Costs of Computer Software Developed for Internal Use (Details Textual) - USD ($)	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Capitalized Computer Software, Amortization	$ 35,000	$ 24,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			5 years

Note 11 - Treasury Stock and _3

Note 11 - Treasury Stock and Repurchase Program (Details Textual)	Oct. 21, 2022 USD ($)
Stock Repurchase Program, Authorized Amount	$ 3,000,000

Note 11 - Treasury Stock and _4

Note 11 - Treasury Stock and Repurchase Program - Treasury Stock at Cost (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended
	Oct. 31, 2023	Sep. 30, 2023	Aug. 31, 2023	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Balance, shares (in shares)			569,471	569,471	565,460
Balance, total average cost assigned			$ 14,859	$ 14,859	$ 14,671
Balance, average cost per share (in dollars per share)			$ 26.09	$ 26.09
Balance, aggregate purchase price remaining under the program	$ 1,396	$ 1,463	$ 1,526	$ 1,396	1,546
Purchases effected in open market, shares (in shares)	1,809	1,324	413
Purchases effected in open market, cost	$ 67	$ 63	$ 20	$ 150	$ 188	$ 1,100	$ 2,382
Purchases effected in open market, average cost (in dollars per share)	$ 37.33	$ 47.43	$ 48.47
Balance, shares (in shares)	573,017			573,017	569,471
Balance, total average cost assigned	$ 15,009			$ 15,009	$ 14,859
Balance, average cost per share (in dollars per share)	$ 26.19			$ 26.19	$ 26.09

Note 12 - Lease Commitments (De

Note 12 - Lease Commitments (Details Textual) - USD ($)	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023	May 01, 2019
Operating Lease, Liability, Total	$ 5,472,000			$ 10,340,000
Lease Incentive Receivable				765,000
Operating Lease, Expense	750,000	$ 750,000
Operating Lease, Payments	810,000
Property and Equipment [Member]
Operating Lease, Right-of-Use Asset	$ 4,704,000		$ 5,300,000	$ 9,575,000

Note 12 - Lease Commitments - F

Note 12 - Lease Commitments - Future Minimum Payments (Details) - USD ($)		Oct. 31, 2023	May 01, 2019
2024*	[1]	$ 824,000
2025		1,429,000
2026		1,461,000
2027		1,493,000
2028		883,000
Total undiscounted future minimum lease payments		6,090,000
Less: difference between undiscounted lease payments & the present value of future lease payments		618,000
Operating lease liabilities, Total		$ 5,472,000	$ 10,340,000
[1]Excludes the three months ended July 31, 2023

Note 13 - Restricted Cash and_2

Note 13 - Restricted Cash and Deposits (Details Textual) - USD ($)	Oct. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Restricted Cash, Total	$ 305,000	$ 305,000
Cash Securing a Letter of Credit Issued as Security Deposit [Member]
Security Deposit	305,000
Restricted Cash, Total	$ 305,000		$ 469,000

Note 14 - Concentration (Detail

Note 14 - Concentration (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Revenue from Contract with Customer, Including Assessed Tax	$ 9,610,000	$ 10,066,000	$ 19,353,000	$ 20,010,000
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Single Customer [Member]
Concentration Risk, Percentage			33.60%
Revenue from Contract with Customer, Including Assessed Tax			$ 19,353,000

Note 15 - Concentration of Cr_2

Note 15 - Concentration of Credit Risk (Details Textual) - USD ($)	Oct. 31, 2023	Oct. 30, 2022
Cash, Uninsured Amount	$ 2,237,000	$ 4,183,000