Value Line (VALU) 10-Q 13 Dec 24 2025 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Oct. 31, 2024	Nov. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2024
Document Transition Report	false
Entity File Number	0-11306
Entity Registrant Name	VALUE LINE, INC.
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 (in shares)		9,417,674
Entity Central Index Key	0000717720
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Oct. 31, 2024	Apr. 30, 2024
Current Assets:
Cash and cash equivalents (including short term investments of $10,985 and $4,136, respectively)	$ 11,293,000	$ 4,390,000
Equity securities	21,837,000	16,344,000
Available-for-sale Fixed Income securities	38,915,000	47,611,000
Accounts receivable, net of allowance for credit losses of $22 and $31, respectively	1,259,000	1,310,000
Prepaid and refundable income taxes	599,000	209,000
Prepaid expenses and other current assets	955,000	1,160,000
Total current assets	74,858,000	71,024,000
Long term assets:
Investment in EAM Trust	60,786,000	60,134,000
Restricted money market investments	305,000	305,000
Property and equipment, net	3,939,000	4,440,000
Capitalized software and other intangible assets, net	103,000	132,000
Total long term assets	65,134,000	65,011,000
Total assets	139,992,000	136,035,000
Current Liabilities:
Accounts payable and accrued liabilities	952,000	1,430,000
Accrued salaries	989,000	1,020,000
Dividends payable	2,826,000	2,827,000
Accrued taxes on income	44,000	7,000
Operating lease obligation-short term	1,230,000	1,206,000
Unearned revenue	15,856,000	15,764,000
Total current liabilities	21,897,000	22,254,000
Long term liabilities:
Unearned revenue	5,010,000	6,517,000
Operating lease obligation-long term	2,966,000	3,578,000
Deferred income taxes	13,404,000	12,893,000
Total long term liabilities	21,380,000	22,988,000
Total liabilities	43,277,000	45,242,000
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	110,170,000	104,249,000
Treasury stock, at cost (581,926 shares and 577,517 shares, respectively)	15,372,000	15,194,000
Accumulated other comprehensive income, net of tax	(74,000)	(253,000)
Total shareholders' equity	96,715,000	90,793,000
Total liabilities and shareholders' equity	$ 139,992,000	$ 136,035,000

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Short-Term Investments	$ 10,985	$ 4,136
Accounts Receivable, Allowance for Credit Loss, Current	$ 22	$ 31
Common Stock, Par or Stated Value Per Share (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, Common, Shares (in shares)	581,926	577,517

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenues:
Revenues	$ 8,841	$ 9,610	$ 17,725	$ 19,353
Expenses:
Advertising and promotion	862	585	1,722	1,357
Salaries and employee benefits	3,575	3,697	7,118	7,437
Production and distribution	1,449	1,480	2,938	2,875
Office and administration	1,211	1,174	2,356	2,263
Total expenses	7,097	6,936	14,134	13,932
Income from operations	1,744	2,674	3,591	5,421
Revenues and profits interests in EAM Trust	4,630	2,995	8,871	5,852
Investment gains/(losses)	1,186	(1,079)	2,895	(324)
Income before income taxes	7,560	4,590	15,357	10,949
Income tax provision	1,875	1,102	3,785	2,602
Net income	$ 5,685	$ 3,488	$ 11,572	$ 8,347
Earnings per share, basic & fully diluted (in dollars per share)	$ 0.6	$ 0.37	$ 1.23	$ 0.89
Weighted average number of common shares (in shares)	9,418,074	9,429,169	9,419,006	9,430,871
Subscription and Circulation [Member]
Revenues:
Revenues	$ 6,182	$ 6,398	$ 12,469	$ 12,855
License [Member]
Revenues:
Revenues	$ 2,659	$ 3,212	$ 5,256	$ 6,498

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Net income	$ 5,685	$ 3,488	$ 11,572	$ 8,347
Other comprehensive income/(loss), net of tax:
Fixed Income securities, net of tax	2	(448)	179	(660)
Other comprehensive income/(loss)	2	(448)	179	(660)
Comprehensive income	$ 5,687	$ 3,040	$ 11,751	$ 7,687

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Cash flows from operating activities:
Net income	$ 11,572,000	$ 8,347,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	594,000	691,000
Investment (gains)/losses	(1,524,000)	1,478,000
Non-voting revenues interest in EAM Trust	(7,726,000)	(5,337,000)
Non-voting profits interest in EAM Trust	(1,145,000)	(515,000)
Distributions received from EAM Trust	8,219,000	5,508,000
Deferred income taxes	497,000	(370,000)
Deferred rent	(588,000)	(656,000)
Changes in operating assets and liabilities:
Unearned revenue	(1,415,000)	(1,016,000)
Accounts payable & accrued expenses	(478,000)	(234,000)
Accrued salaries	(31,000)	1,000
Accrued taxes on income	3,000	(352,000)
Prepaid and refundable income taxes	(390,000)	240,000
Prepaid expenses and other current assets	205,000	318,000
Accounts receivable	51,000	(2,340,000)
Total adjustments	(3,728,000)	(2,584,000)
Net cash provided by operating activities	7,844,000	5,763,000
Cash flows from investing activities:
Purchases of equity securities	(7,045,000)	(993,000)
Purchases of fixed income securities classified as available for sale	(13,441,000)	(23,079,000)
Proceeds from sales of equity securities	3,075,000	999,000
Proceeds from sales of fixed income securities classified as available for sale	22,365,000	19,265,000
Acquisition of property and equipment	(65,000)	0
Net cash used in investing activities	4,889,000	(3,808,000)
Cash flows from financing activities:
Purchase of treasury stock at cost	(178,000)	(338,000)
Dividends paid	(5,652,000)	(5,283,000)
Net cash used in financing activities	(5,830,000)	(5,621,000)
Net change in cash and cash equivalents	6,903,000	(3,666,000)
Cash, cash equivalents and restricted cash at beginning of period	4,695,000	7,895,000
Cash, cash equivalents and restricted cash at end of period	$ 11,598,000	$ 4,229,000

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, 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
Fixed Income securities, net of tax					(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
Fixed Income securities, net of tax						(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
Fixed Income securities, net of tax					(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
Balance (in shares) at Apr. 30, 2024	10,000,000		(577,517)
Balance at Apr. 30, 2024	$ 1,000	991	$ (15,194)	104,249	(253)	90,793
Net income				5,887		5,887
Fixed Income securities, net of tax					177	177
Purchase of treasury stock (in shares)			(4,409)
Purchase of treasury stock			$ (178)			(178)
Dividends declared				(2,825)		(2,825)
Balance (in shares) at Jul. 31, 2024	10,000,000		581,926
Balance at Jul. 31, 2024	$ 1,000	991	$ (15,372)	107,311	(76)	93,854
Balance (in shares) at Apr. 30, 2024	10,000,000		(577,517)
Balance at Apr. 30, 2024	$ 1,000	991	$ (15,194)	104,249	(253)	90,793
Net income						11,572
Fixed Income securities, net of tax						179
Balance (in shares) at Oct. 31, 2024	10,000,000		(581,926)
Balance at Oct. 31, 2024	$ 1,000	991	$ (15,372)	110,170	(74)	96,715
Balance (in shares) at Jul. 31, 2024	10,000,000		581,926
Balance at Jul. 31, 2024	$ 1,000	991	$ (15,372)	107,311	(76)	93,854
Net income				5,685		5,685
Fixed Income securities, net of tax					2	2
Purchase of treasury stock (in shares)			0
Purchase of treasury stock			$ 0
Dividends declared				(2,826)		(2,826)
Balance (in shares) at Oct. 31, 2024	10,000,000		(581,926)
Balance at Oct. 31, 2024	$ 1,000	$ 991	$ (15,372)	$ 110,170	$ (74)	$ 96,715

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Note 1 - Organization and Summary of Significant Accounting Policies: 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 parties under written agreements for use in third-party managed and marketed investment products and for other purposes. The Company maintains a significant investment in Eulav Asset Management LLC ("EAM") from which it receives a non-voting revenues interest and a non-voting profits interest. Pursuant to the EAM Declaration of Trust dated as of December 23, 2010 (the "EAM Trust Agreement"), VLI granted EAM the right to use the Value Line name for all existing Value Line Funds and agreed to supply, without charge or expense, the Value Line Proprietary Ranking System information to EAM for use in managing the Value Line Funds. EAM was established to provide investment management services to the Value Line Mutual Funds ("Value Line Funds" or the "Funds"). The Consolidated Condensed Balance Sheets as of October 31, 2024 and April 30, 2024, which have been derived from the unaudited interim Consolidated Condensed Financial Statements and the audited Consolidated Financial Statements, respectively, were prepared following the interim reporting requirements of the Securities and Exchange Commission (“SEC”). In the opinion of management, the accompanying Unaudited Interim Consolidated Condensed Financial Statements contain all adjustments (consisting of normal recurring accruals except as noted below) considered necessary for a fair presentation. This report should be read in conjunction with the audited financial statements and footnotes contained in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2024 filed with the SEC on July 26, 2024 (the “Form 10-K”). Results of operations covered by this report may not be indicative of the results of operations for the entire year. 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 differ from those estimates. Principles of Consolidation: The Company follows the guidance in the Financial Accounting Standards Board's ("FASB") Topic 810 “Consolidation” to determine if it should consolidate its investment in a variable interest entity ("VIE"). A VIE is a legal entity in which either (i) equity investors do not have sufficient equity investment at risk to enable the entity to finance its activities independently or (ii) the equity holders at risk lack the obligation to absorb losses, the right to receive residual returns or the right to make decisions about the entity’s activities that most significantly affect the entity's economic performance. A holder of a variable interest in a VIE is required to consolidate the entity if it is determined that it has a controlling financial interest in the VIE and is therefore the primary beneficiary. The determination of a controlling financial interest in a VIE is based on a qualitative assessment to identify the variable interest holder, if any, that has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) either the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The accounting guidance requires the Company to perform an ongoing assessment of whether the Company is the primary beneficiary of a VIE and the Company has determined it is not the primary beneficiary of a VIE (see Note 3). In accordance with FASB's Topic 810, the assets, liabilities, and results of operations of subsidiaries in which the Company has a controlling interest have been consolidated. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company holds a significant non-voting revenues interest (excluding distribution revenues) and a significant non-voting profits interest in EULAV Asset Management, a Delaware statutory trust (“EAM” or “EAM Trust”). The Company relied on the guidance in FASB's ASC Topics 323 and 810 in its determination not to consolidate its investment in EAM and to account for such investment under the equity method of accounting. The Company reports the amount it earns for its non-voting revenues and non-voting profits interests as a separate line item below operating income in the Consolidated Condensed Statements of Income. 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 with the majority of subscriptions paid in advance. 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 parties under written agreements for use in selecting securities for third party marketed products, including unit investment trusts, annuities and exchange traded funds ("ETFs"). The Company earns asset-based copyright fees upon delivery to the customer as specified in the individual agreements. Revenue is recognized monthly and received either quarterly or in advance over the term of the agreement and, because it is asset-based, will fluctuate as the market value of the underlying portfolio increases or decreases in value. EAM earns investment management fees from the Value Line Funds. The management fees and average daily net assets for the Value Line Funds are calculated by State Street Bank, which serves as the fund accountant, fund administrator, and custodian of the Value Line Funds. The Value Line Funds are open-end management companies registered under the Investment Company Act of 1940 (the "1940 Act"). Shareholder transactions for the Value Line Funds are processed each business day by the third party transfer agent of the Funds. Shares can be redeemed without advance notice upon request of the shareowners each day that the New York Stock Exchange is open. 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 equity method is an appropriate means of recognizing increases or decreases measured by GAAP in the economic resources underlying the investments. Under the equity method, an investor recognizes its share of the earnings or losses of an investee in the periods for which they are reported by the investee in its financial statements rather than in the period in which an investee declares a dividend or distribution. An investor adjusts the carrying amount of an investment for its share of the earnings or losses recognized by the investee. 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%, based on the amount 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 have control over the operating and financial policies of EAM, pursuant to the EAM Trust Agreement, the Company has a contractual right to receive its share of EAM's revenues and profits. Recent Accounting Pronouncements: In November 2023, the FASB issued Accounting Standards Update 2023-07, “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires disclosures of significant expenses by segment and interim disclosure of items that were previously required on an annual basis. ASU 2023-07 is to be applied on a retrospective basis and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. We are evaluating the impact of ASU 2023-07 on disclosures in our Consolidated Financial Statements. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”), which provides for additional disclosures primarily related to the income tax rate reconciliations and income taxes paid. ASU 2023-09 requires entities to annually disclose the income tax rate reconciliation using both amounts and percentages, considering several categories of reconciling items, including state and local income taxes, foreign tax effects, tax credits and nontaxable or nondeductible items, among others. Disclosure of the reconciling items is subject to a quantitative threshold and disaggregation by nature and jurisdiction. ASU 2023-09 also requires entities to disclose net income taxes paid or received to federal, state and foreign jurisdictions, as well as by individual jurisdiction, subject to a five percent quantitative threshold. ASU 2023-09 may be adopted on a prospective or retrospective basis and is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. We are evaluating the impact of ASU 2023-09 on disclosures in our Consolidated Financial Statements. 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, and to a smaller extent bank certificates of deposit that are valued in accordance with the requirements of the Fair Value Measurements Topic of the FASB's ASC 820. The securities classified as equity securities reflected in the Consolidated Condensed Balance Sheets are valued at market and unrealized gains and losses are recorded in the Consolidated Condensed Statements of Income per FASB Accounting Standards Update No. 2016-01 ("ASU 2016-01"). The securities classified as available-for-sale fixed income securities reflected in the Consolidated Condensed Balance Sheets are valued at market and unrealized gains and losses, net of applicable taxes, are reported as a separate component of shareholders' equity. Investment gains and losses on sales of the equity securities are the difference between proceeds from sales and the fair value of the equity securities at the beginning of the period or the purchase date, if later. Investment gains and losses on sales of the available-for-sale fixed income securities are the difference between proceeds from sales and the cost of the securities. Investment gains and losses on sales of all securities are recorded in earnings as of the trade date and are determined on the identified cost method. 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 under the 1940 Act. 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-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the information that market participants would use in pricing the asset or liability, including assumptions about risk. Examples of risks include those inherent in a particular valuation technique used to measure fair value such as the risk inherent in the inputs to the valuation technique. Inputs are classified as observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the factors market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below. Level 1 – quoted prices in active markets for identical investments Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) Level 3 – significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments) The following summarizes the levels of fair value measurements of the Company’s investments: As of October 31, 2024 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 10,985 $ - $ - $ 10,985 Equity securities 21,837 - - 21,837 Available-for-sale fixed income securities 38,915 - - 38,915 $ 71,737 $ - $ - $ 71,737 As of April 30, 2024 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 4,136 $ - $ - $ 4,136 Equity securities 16,344 - - 16,344 Available-for-sale fixed income securities 47,361 250 - 47,611 $ 67,841 $ 250 $ - $ 68,091 The Company had no other financial instruments such as futures, forwards and swap contracts. For the periods ended October 31, 2024 and April 30, 2024, there were no Level 3 investments. The Company does not have any liabilities that are subject to fair value measurement. 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, Income taxes (Topic 740) and classifies all deferred taxes as long-term liabilities on the Consolidated Condensed Balance Sheets. 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, 2024, management has reviewed the tax positions for the years still subject to tax audit under the statute of limitations, evaluated the implications, and determined that there is no material impact to the Company's financial statements. 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 have any potentially dilutive common shares from outstanding stock options, warrants, restricted stock, or restricted stock units. 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 months to be cash and cash equivalents. As of October 31, 2024 and April 30, 2024, cash equivalents included $10,985,000 and $4,136,000, respectively, for amounts invested in money market mutual funds that invest in short-term U.S. government securities.

Note 2 - Investments

Note 2 - Investments	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2 - Investments: 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, Investments - Equity Securities and with FASB's ASC 320, Investments - Debt Securities. All of the Company's securities were readily marketable or had a maturity of twelve months or less and are classified as current assets on the Consolidated Condensed Balance Sheets. 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, 2024 and April 30, 2024, the aggregate cost of the equity securities, which consist of investments in the SPDR Series Trust S&P Dividend ETF (SDY), First Trust Value Line Dividend Index ETF (FVD), ProShares Trust S&P 500 Dividend Aristocrats ETF (NOBL), IShares DJ Select Dividend ETF (DVY) and other Exchange Traded Funds was a combined total $15,505,000 and $11,663,000, respectively, and the fair value was $21,837,000 and $16,344,000, respectively. Proceeds from sales of equity securities during the six months ended October 31, 2024 and October 31, 2023, were $3,075,000 and $999,000, respectively. The carrying value and fair value of equity securities at October 31, 2024 were as follows: ($ in thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ETFs - equities $ 15,505 $ 6,337 $ (5 ) $ 21,837 The carrying value and fair value of equity securities at April 30, 2024 were as follows: ($ in thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ETFs - equities $ 11,663 $ 4,685 $ (4 ) $ 16,344 Government Debt Securities (Fixed Income Securities): Fixed income securities consist of bank certificates of deposits and securities issued by the United States federal government. Proceeds from maturities and sales of government debt securities classified as available-for-sale during the six months ended October 31, 2024 and October 31, 2023, were $22,365,000 and $19,265,000, respectively. As of October 31, 2024, Accumulated Other Comprehensive Income included unrealized losses of $94,000 net of deferred tax benefits of $20,000. As of April 30, 2024, Accumulated Other Comprehensive Income included unrealized losses of $320,000, net of deferred tax benefits of $67,000. The aggregate cost and fair value at October 31, 2024 of fixed income securities classified as available-for-sale were as follows: Amortized Gross Unrealized Gross Unrealized ($ in thousands) Historical Cost Holding Gains Holding Losses Fair Value Maturity Due within 1 year $ 33,935 $ 43 $ (1 ) $ 33,977 Due 1 year through 5 years 5,073 - (135 ) 4,938 Total investment in government debt securities $ 39,008 $ 43 $ (136 ) $ 38,915 The decrease in gross unrealized losses of $227,000 on fixed income securities classified as available-for-sale net of deferred income tax liability of $48,000, was included in Accumulated Other Comprehensive Income on the Consolidated Condensed Balance Sheet as of October 31, 2024. The aggregate cost and fair value at April 30, 2024 of fixed income securities classified as available-for-sale were as follows: Amortized Gross Unrealized Gross Unrealized ($ in thousands) Historical Cost Holding Gains Holding Losses Fair Value Maturity Due within 1 year $ 42,843 $ 4 $ (61 ) $ 42,786 Due within 1 year through 5 years 5,088 $ - (263 ) 4,825 Total investment in government debt securities $ 47,931 $ 4 $ (324 ) $ 47,611 The increase in gross unrealized losses of $793,000 on fixed income securities classified as available-for-sale net of deferred income tax benefit of $166,000, was included in Accumulated Other Comprehensive Income on the Consolidated Balance Sheet as of April 30, 2024. The average yield on the Government debt securities classified as available-for-sale at October 31, 2024 and April 30, 2024 was 4.4% and 4.4%, respectively. Investment Gains/(Losses): Investment gains/(losses) were comprised of the following: Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2024 2023 2024 2023 Dividend income $ 181 $ 133 $ 328 $ 278 Interest income 499 487 1,044 876 Investment gains/(losses) recognized on sales of equity securities during the period (192 ) (14 ) (125 ) (3 ) Unrealized gains/(losses) recognized on equity securities held at the end of the period 698 (1,685 ) 1,648 (1,475 ) Total investment gains/(losses) $ 1,186 $ (1,079 ) $ 2,895 $ (324 ) Taxable realized gains/(losses) on equity securities sold during fiscal years 2025 and 2024, which are generally the difference between the proceeds from sales and our original cost, were losses of $127,000 in fiscal 2025 and losses of $18,000 in fiscal 2024. Investment in Unconsolidated Entities: Equity Method Investment: As of October 31, 2024 and April 30, 2024, the Company's investment in EAM Trust on the Consolidated Condensed Balance Sheets was $60,786,000 and $60,134,000, respectively. The value of VLI’s investment in EAM at October 31, 2024 and April 30, 2024 reflects the fair value of contributed capital of $55,805,000 at inception which included $5,820,000 of cash and liquid securities in excess of working capital requirements contributed to EAM’s capital account by VLI, plus VLI's share of non-voting revenues and non-voting profits from EAM less distributions, made quarterly to VLI by EAM, during the period subsequent to its initial investment through the dates of the Consolidated Condensed Balance Sheets. It is anticipated that EAM will have sufficient liquidity and earn enough profit to conduct its current and future operations so the management of EAM will not need additional funding. The Company monitors its Investment in EAM Trust for impairment to determine whether an event or change in circumstances has occurred that may have a significant adverse effect on the fair value of the investment. Impairment indicators include, but are not limited to the following: (a) a significant deterioration in the earnings performance, asset quality, or business prospects of the investee, (b) a significant adverse change in the regulatory, economic, or technological environment of the investee, (c) a significant adverse change in the general market condition of the industry in which the investee operates, or (d) factors that raise significant concerns about the investee’s ability to continue as a going concern such as negative cash flows, working capital deficiencies, or noncompliance with statutory capital and regulatory requirements. EAM did not The components of EAM’s investment management operations, provided to the Company by EAM, were as follows: Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) (unaudited) 2024 2023 2024 2023 Investment management fees earned from the Value Line Funds, net of waivers shown below $ 7,966 $ 5,640 $ 15,342 $ 11,068 12b-1 fees and other fees, net of waivers $ 2,010 $ 1,600 $ 3,952 $ 3,179 Other income $ 160 $ (14 ) $ 316 $ 103 Investment management fee waivers and reimbursements $ 40 $ 114 $ 87 $ 162 12b-1 fee waivers $ 23 $ 23 $ 46 $ 48 Value Line’s non-voting revenues interest $ 4,046 $ 2,721 $ 7,726 $ 5,337 EAM's net income (1) $ 1,168 $ 548 $ 2,290 $ 1,030 (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. October 31, April 30, ($ in thousands) 2024 2024 (unaudited) EAM's total assets $ 63,953 $ 63,076 EAM's total liabilities (1) (6,861 ) (5,881 ) EAM's total equity $ 57,092 $ 57,195 (1) At October 31, 2024 and April 30, 2024, EAM's total liabilities included a payable to VLI for its accrued non-voting revenues interest and non-voting profits interest of $4,572,000 and $3,865,000, respectively.

Note 3 - Variable Interest Enti

Note 3 - Variable Interest Entity	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Variable Interest Entity [Text Block]	Note 3 - Variable Interest Entity 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 have an interest in any other VIEs. The Company has determined that it does not have a controlling financial interest in EAM because it does not have the power to direct the activities of EAM that most significantly impact its economic performance. Value Line does not hold any voting stock of EAM and it does not have any involvement in the day-to-day activities or operations of EAM. Although the EAM Trust Agreement provides Value Line with certain consent rights and contains certain restrictive covenants related to the activities of EAM, these are considered to be protective rights and therefore Value Line does not maintain control over EAM. 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 provided any explicit or implicit financial or other support to EAM other than what was contractually agreed to in the EAM Trust Agreement. Value Line has no obligation to fund EAM in the future and, as a result, has no exposure to loss beyond its initial investment and any undistributed revenues and profits interests retained in EAM. The following table presents the total assets of EAM, the maximum exposure to loss due to involvement with EAM, as well as the value of the assets and liabilities the Company has recorded on its Consolidated Condensed Balance Sheets for its interest in EAM. Value Line ($ in thousands) VIE Assets Investment in EAM Trust (1) Liabilities Maximum Exposure to Loss As of October 31, 2024 (unaudited) $ 63,953 $ 60,786 $ - $ 60,786 As of April 30, 2024 $ 63,076 $ 60,134 $ - $ 60,134 (1) Reported within Long-Term Assets on the Consolidated Condensed Balance Sheets.

Note 4 - Supplementary Cash Flo

Note 4 - Supplementary Cash Flows Information	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	Note 4 - Supplementary Cash Flows Information: 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) 2024 2023 Cash and cash equivalents $ 11,293 $ 3,924 Restricted cash 305 305 Total cash, cash equivalents, and restricted cash shown in the Consolidated Condensed Statement of Cash Flows $ 11,598 $ 4,229 Income Tax Payments: The Company made income tax payments as follows: Six Months Ended October 31, ($ in thousands) 2024 2023 State and local income tax payments $ 594 $ 497 Federal income tax payments $ 3,068 $ 2,900

Note 5 - Employees' Profit Shar

Note 5 - Employees' Profit Sharing and Savings Plan	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Compensation Related Costs, General [Text Block]	Note 5 - Employees' Profit Sharing and Savings Plan: 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 months ended October 31, 2024 and October 31, 2023, the estimated profit sharing plan contributions, which are included as expenses in salaries and employee benefits in the Consolidated Condensed Statements of Income, were $191,000 and $191,000 in fiscal 2025 and fiscal 2024, respectively.

Note 6 - Comprehensive Income

Note 6 - Comprehensive Income	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 6 - Comprehensive Income: 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 be recognized in the calculation of net income. As of October 31, 2024 and October 31, 2023, the Company held fixed income securities consisting of bank certificates of deposits and securities issued by the United States federal government that are classified as securities available-for-sale on the Consolidated Condensed Balance Sheets. The change in valuation of fixed income securities, net of deferred income taxes, has been recorded in Accumulated Other Comprehensive Income in the Company's Consolidated Condensed Balance Sheets. The components of comprehensive income included in the Consolidated Condensed Statements of Income and Changes in Shareholders' Equity for the six months ended October 31, 2024 are as follows: ($ in thousands) Amount Before Tax Tax (Expense) / Benefit Amount Net of Tax Change in unrealized gains/(losses) on available-for-sale fixed income securities $ 227 $ (48 ) $ 179 $ 227 $ (48 ) $ 179 The components of comprehensive income included in the Consolidated Condensed Statements of Income and Changes in Shareholders' Equity for the six months ended October 31, 2023 are as follows: ($ 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 )

Note 7 - Related Party Transact

Note 7 - Related Party Transactions	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 7 - Related Party Transactions: 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 report this operation as a separate business segment, although it maintains a significant interest in the cash flows generated by this business and receives non-voting revenues and non-voting profits interests, as discussed below. Total assets in the Value Line Funds managed and/or distributed by EAM at October 31, 2024, were $4.78 billion, 44.6% above total assets of $3.31 billion in the Value Line Funds managed and/or distributed by EAM at October 31, 2023. The Company’s non-voting revenues and non-voting profits interests in EAM entitle it to receive quarterly distributions in a range of 41% to 55% of EAM’s revenues (excluding distribution revenues) from EAM’s mutual fund and separate account business and 50% of the residual profits of EAM (subject to temporary increase in certain limited circumstances). The Voting Profits Interest Holders will receive the other 50% of residual profits of EAM. Distribution is not less than 90% of EAM’s profits payable each fiscal quarter under the provisions of the EAM Trust Agreement. Value Line’s percent share of EAM’s revenues is calculated each fiscal quarter. EAM Trust - VLI's non-voting revenues and non-voting profits interests: The Company holds non-voting revenues and non-voting profits interests in EAM which entitle the Company to receive from EAM an amount ranging from 41% to 55% of EAM's investment management fee revenues from its mutual fund and separate accounts business. EAM currently has no separately managed account clients. The Company recorded income from its non-voting revenues interest and its non-voting profits interests in EAM as follows: Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2024 2023 2024 2023 Non-voting revenues interest in EAM $ 4,046 $ 2,721 $ 7,726 $ 5,337 Non-voting profits interest in EAM 584 274 1,145 515 $ 4,630 $ 2,995 $ 8,871 $ 5,852 At October 31, 2024, the Company's investment in EAM includes a receivable of $4,572,000 representing the quarterly distribution of the non-voting revenues share and non-voting profits share. That amount was subsequently paid timely to the Company. Transactions with Parent: During the six months ended October 31, 2024 and October 31, 2023, the Company was reimbursed $168,000 and $170,000, respectively, for payments it made on behalf of and for services the Company provided to the Parent Company, Arnold Bernhard and Co., Inc. ("Parent"). There were no The Company is a party to a tax-sharing arrangement with the Parent which allocates the tax liabilities of the two Companies between them. The Company made no federal tax payments to the Parent during the six months ended October 31, 2024 and October 31, 2023. From time to time, the Parent has purchased additional shares of common stock of the Company in the market when and as the Parent has determined it to be appropriate. The Parent may make additional purchases of common stock of the Company from time to time in the future. As of October 31, 2024, the Parent owned 91.67% of the outstanding shares of common stock of the Company.

Note 8 - Federal, State and Loc

Note 8 - Federal, State and Local Income Taxes	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 8 - Federal, State and Local Income Taxes: 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) 2024 2023 2024 2023 Current tax expense: Federal $ 1,339 $ 1,253 $ 2,622 $ 2,462 State and local 354 259 666 510 Current tax expense 1,693 1,512 3,288 2,972 Deferred tax expense (benefit): Federal 182 (346 ) 486 (306 ) State and local - (64 ) 11 (64 ) Deferred tax expense (benefit): 182 (410 ) 497 (370 ) Income tax provision $ 1,875 $ 1,102 $ 3,785 $ 2,602 On December 22, 2017 H.R. 1, originally known as the Tax Cuts and Jobs Act (the "Tax Act"), was enacted. The Tax Act lowered the U.S. federal income tax rate ("Federal Tax Rate") from 35% to 21% effective January 1, 2018. Accordingly, the Company computes Federal income tax expense using the Federal Tax Rate of 21% in fiscal year 2019 and each year thereafter. The overall effective income tax rates, as a percentage of pre-tax ordinary income for the six months ended October 31, 2024 and October 31, 2023 were 24.65% and 23.76%, respectively. The higher effective tax rate during six months ended October 31, 2024 as compared to October 31, 2023, is primarily a result of a increase in the state and local income tax rate to 3.86% from 3.03% due to changes in state and local income tax allocations. The Company's annualized overall effective tax rate fluctuates due to a number of factors, in addition to changes in tax law, including but not limited to an increase or decrease in the ratio of items that do not have tax consequences to pre-income tax, the Company's geographic profit mix between tax jurisdictions, taxation method adopted by each locality, new interpretations of existing tax laws and rulings and settlements with tax authorities. 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) 2024 2024 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 79 73 Unrealized gain/(loss) on securities held for sale 1,330 916 Right of Use Asset (131 ) (128 ) Deferred charges (74 ) (138 ) Other (510 ) (424 ) Total federal tax liability 10,991 10,596 State and local tax liabilities (benefits): Deferred gain on deconsolidation of EAM 2,490 2,073 Deferred non-cash post-employment compensation (87 ) (72 ) Depreciation and amortization 19 13 Unrealized gain/(loss) on securities held for sale 310 178 Other (319 ) 105 Total state and local tax liabilities 2,413 2,297 Deferred tax liability, long-term $ 13,404 $ 12,893 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, 2024 2023 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 3.86 % 3.03 % Effect of dividends received deductions (0.22 )% (0.25 )% Other, net 0.01 % (0.02 )% Effective income tax rate 24.65 % 23.76 % The Company believes that, as of October 31, 2024, there were no material uncertain tax positions that would require disclosure under GAAP. 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 files combined income tax returns with the Parent on a unitary basis in certain states. The Company’s federal income tax returns (included in the Parent’s consolidated returns) and state and city tax returns for fiscal years ended 2021 through 2023, are subject to examination by the tax authorities, generally for three years after they are filed with the tax authorities.

Note 9 - Property and Equipment

Note 9 - Property and Equipment	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 9 - Property and Equipment: 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) 2024 2024 Building and leasehold improvements $ 652 $ 652 Operating lease - right-of-use asset 3,571 4,090 Furniture and equipment 2,316 2,274 6,539 7,016 Accumulated depreciation and amortization (2,600 ) (2,576 ) Total property and equipment, net $ 3,939 $ 4,440

Note 10 - Accounting for the Co

Note 10 - Accounting for the Costs of Computer Software Developed for Internal Use	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Internal Use Software Disclosure [Text Block]	Note 10 - Accounting for the Costs of Computer Software Developed for Internal Use: The Company has adopted the provisions of the Statement of Position 98-1 (SOP 98-1), "Accounting for the Costs of Computer Software Developed for Internal Use". SOP 98-1 requires companies to capitalize as long-lived assets many of the costs associated with developing or purchasing software for internal use and amortize those costs over the software's estimated useful life in a systematic and rational manner. Such costs, when incurred, are capitalized and amortized over the expected useful life of the asset, normally 3 to 5 years. Total amortization expenses during the six months ended October 31, 2024 and October 31, 2023, were $29,000 and $35,000, respectively. During the six months ended October 31, 2024 and October 31, 2023, the Company did not incur and did not capitalize expenditures related to third party programmers' costs nor internal costs to develop software for internal use.

Note 11 - Treasury Stock and Re

Note 11 - Treasury Stock and Repurchase Program	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Treasury Stock [Text Block]	Note 11 - Treasury Stock and Repurchase Program: During October 2022, the Company's Board of Directors approved a renewal of a share repurchase program authorizing the repurchase of shares of the Company’s common stock up to an aggregate purchase price of $3,000,000. The repurchases may be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program may be suspended or discontinued at any time at the Company’s discretion and has no set price limit and no expiration date. There is a remainder of $1,033,000 before the authorized limit is reached. 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, 2024 581,926 $ 15,372 $ 26.42 $ 1,033 Purchases effected in open market during the months ended: August 31, 2024 - $ - - 1,033 September 30, 2024 - $ - - 1,033 October 31, 2024 - $ - - 1,033 Balance as of October 31, 2024 581,926 $ 15,372 $ 26.42 $ 1,033

Note 12 - Lease Commitments

Note 12 - Lease Commitments	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 12 - Lease Commitments: On November 30, 2016, Value Line, Inc., received consent from the landlord at 551 Fifth Avenue, New York, NY to the terms of a new sublease agreement between Value Line, Inc. and ABM Industries, Incorporated (“ABM” or the “Sublandlord”) commencing on December 1, 2016. Pursuant to the agreement Value Line leased from ABM 24,726 square feet of office space located on the second and third floors at 551 Fifth Avenue, New York, NY (“Building” or “Premises”) beginning on December 1, 2016 and ending on November 29, 2027. Base rent under the sublease agreement is $1,126,000 per annum during the first year with an annual increase in base rent of 2.25% scheduled for each subsequent year, payable in equal monthly installments on the first day of each month, subject to customary concessions in the Company’s favor and pass-through of certain increases in utility costs and real estate taxes over the base year. The Company provided a security deposit represented by a letter of credit in the amount of $469,000 in October 2016, which was reduced to $305,000 on October 3, 2021 and is to be fully refunded after the sublease ends. This Building became the Company’s new corporate office facility. The Company is required to pay for certain operating expenses associated with the Premises as well as utilities supplied to the Premises. Sublandlord provided Value Line a work allowance of $417,000 which accompanied with the six months free rent worth $563,000 was applied against the Company’s obligation to pay rent at our NYC headquarters. From 2016 to 2024, the Company’s subsidiary VLDC and Seagis Property Group LP (the “Landlord”) entered into a lease agreement, pursuant to which VLDC leased 24,110 square feet of warehouse and appurtenant office space located at Lyndhurst, NJ (“Warehouse”). Base rent under the Lease was $237,218 per annum. The Company provided a security deposit in cash in the amount of $32,146, which has been fully refunded after the Company vacated the premises. VLDC distributed Value Line’s print publications from the Warehouse. The Company has outsourced to U.S. contractors the functions formerly performed at the Warehouse. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. This ASU requires that, for leases longer than one year, a lessee recognizes in the statements of financial position a right-of-use asset, representing the right to use the underlying asset for the lease term, and a lease liability, representing the liability to make lease payments. It also requires that for finance leases, a lessee recognizes interest expense on the lease liability, separately from the amortization of the right-of-use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. The firm adopted this ASU in May 2019 under a modified retrospective approach. The Company adopted ASU 2016-02 using a modified retrospective transition approach as of the Effective Date as permitted by the amendments in ASU 2018-11, which provides an alternative modified retrospective transition method. As a result, the Company was not required to adjust its comparative period financial information for effects of the standard or make the new required lease disclosures for periods before the date of adoption (i.e. May 1, 2019). The Company has elected to employ the transitionary relief offered by the FASB and, therefore, has not reassessed (1) whether existing or expired contracts contain a lease, (2) lease classification for existing or expired leases or (3) the accounting for initial direct costs that were previously capitalized. The Company leases office space in New York, NY. The Company has evaluated that lease and determined that it is an operating lease 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 net present value 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 net present value 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, the Company recorded a right-of-use asset in the amount of $9,575,000, which represents the lease liability of $10,340,000 adjusted for previously recorded unamortized lease incentives in the amount of $765,000. The right-of-use asset will be amortized over the remaining lease term in the amount equal to the difference between the calculated straight-line expense of the total lease payments less the monthly interest calculated on the remaining lease liability. As of October 31, 2024, the Company had a long-term lease asset of $3,571,000, solely related to our NYC headquarters, located at 551 Fifth Avenue, New York, NY, recorded in property and equipment 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 $638,000 and $750,000 in lease expenses in both fiscal years 2025 and 2024 during the six months ended October 31, 2024 and October 31, 2023, respectively. For the six months ended October 31, 2024, the Company paid $708,000 in rent relating to the leases. As a payment arising from an operating lease, the $708,000 is classified within operating activities in the consolidated condensed statements of cash flows. The Company’s leases have not provided an implicit interest rate, and therefore the Company estimated an incremental borrowing rate, or IBR, as of the commencement date, to determine the present value of its operating lease liabilities. The IBR is defined under ASC 842 as the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term for an amount equal to the lease payments in a similar economic environment. The following table reconciles the undiscounted future minimum lease payments to the total operating lease liabilities recognized on the Consolidated Condensed Balance Sheet as of October 31, 2024: Fiscal years ended April 30, ($ in thousands) 2025* $ 721 2026 1,461 2027 1,493 2028 882 Total undiscounted future minimum lease payments 4,557 Less: difference between undiscounted lease payments & the present value of future lease payments 361 Total operating lease liabilities $ 4,196 * Excludes the six months ended October 31, 2024 The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates for our operating leases: As of October 31, 2024 Weighted-average remaining lease term (in years) 3.08 Weighted-average discount rate 5.25 %

Note 13 - Restricted Cash and D

Note 13 - Restricted Cash and Deposits	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	Note 13 - Restricted Cash and Deposits: Restricted Money Market Investment in the noncurrent assets on the Consolidated Condensed Balance Sheet at October 31, 2024, includes $305,000, which represents cash invested in a bank money market fund securing a letter of credit ("LOC") in the amount of $305,000 issued to the sublandlord as a security deposit for the Company's New York City leased corporate office facility. According to the sublease agreement the LOC and restricted cash were reduced from $469,000 to $305,000 in the third quarter of fiscal year 2022.

Note 14 - Concentration

Note 14 - Concentration	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	Note 14 - Concentration: During the six months ended October 31, 2024, 29.7% of total publishing revenues of $17,725,000 were derived from a single customer.

Note 15 - Concentration of Cred

Note 15 - Concentration of Credit Risk	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Concentration of Credit Risk [Text Block]	Note 15 - Concentration of Credit Risk: 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. As of October 31, 2024 and October 31, 2023, the Company had $739,000 and $2,237,000, respectively, in excess of the FDIC insured limit. Management has concluded the excess does not represent a material risk, based on the creditworthiness of the counter parties. The Company maintains a deposit account of $305,000 at Flagstar Bank as security for a letter of credit in a similar amount (See Note 13).

Note 16 - Business Segments

Note 16 - Business Segments	6 Months Ended
	Oct. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 16 - Business Segments: The Company allocates resources and assesses financial performance on a consolidated basis. It does so because significant costs are shared in common by all products, and as a result, it does not have discrete financial information available for separate business components to assess performance and make resource allocation decisions for more than one As described in Note 1 - Organization and Summary of Significant Accounting Policies, the Company deconsolidated its investment management business in December 2010 and therefore no longer reports the investment management operation as a separate business unit. Although VLI continues to receive significant cash flows from these operations through its non-controlling investment in EAM, it no longer considers this to be a reportable business segment because it does not satisfy one of the required characteristics of an operating segment pursuant to ASC 280-10-50-1. Specifically, VLI’s Chief Executive Officer does not regularly review EAM’s operating results to make decisions about resources to be allocated to EAM.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		Item 5. Other Information Value Line has never adopted a Rule 10b5-1 trading arrangement (as that term is defined in Item 408(a)(1)(i) of Regulation S-K). None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2024
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 differ from those estimates.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation: The Company follows the guidance in the Financial Accounting Standards Board's ("FASB") Topic 810 “Consolidation” to determine if it should consolidate its investment in a variable interest entity ("VIE"). A VIE is a legal entity in which either (i) equity investors do not have sufficient equity investment at risk to enable the entity to finance its activities independently or (ii) the equity holders at risk lack the obligation to absorb losses, the right to receive residual returns or the right to make decisions about the entity’s activities that most significantly affect the entity's economic performance. A holder of a variable interest in a VIE is required to consolidate the entity if it is determined that it has a controlling financial interest in the VIE and is therefore the primary beneficiary. The determination of a controlling financial interest in a VIE is based on a qualitative assessment to identify the variable interest holder, if any, that has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) either the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The accounting guidance requires the Company to perform an ongoing assessment of whether the Company is the primary beneficiary of a VIE and the Company has determined it is not the primary beneficiary of a VIE (see Note 3). In accordance with FASB's Topic 810, the assets, liabilities, and results of operations of subsidiaries in which the Company has a controlling interest have been consolidated. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company holds a significant non-voting revenues interest (excluding distribution revenues) and a significant non-voting profits interest in EULAV Asset Management, a Delaware statutory trust (“EAM” or “EAM Trust”). The Company relied on the guidance in FASB's ASC Topics 323 and 810 in its determination not to consolidate its investment in EAM and to account for such investment under the equity method of accounting. The Company reports the amount it earns for its non-voting revenues and non-voting profits interests as a separate line item below operating income in the Consolidated Condensed Statements of Income.
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 with the majority of subscriptions paid in advance. 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 parties under written agreements for use in selecting securities for third party marketed products, including unit investment trusts, annuities and exchange traded funds ("ETFs"). The Company earns asset-based copyright fees upon delivery to the customer as specified in the individual agreements. Revenue is recognized monthly and received either quarterly or in advance over the term of the agreement and, because it is asset-based, will fluctuate as the market value of the underlying portfolio increases or decreases in value. EAM earns investment management fees from the Value Line Funds. The management fees and average daily net assets for the Value Line Funds are calculated by State Street Bank, which serves as the fund accountant, fund administrator, and custodian of the Value Line Funds. The Value Line Funds are open-end management companies registered under the Investment Company Act of 1940 (the "1940 Act"). Shareholder transactions for the Value Line Funds are processed each business day by the third party transfer agent of the Funds. Shares can be redeemed without advance notice upon request of the shareowners each day that the New York Stock Exchange is open.
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 equity method is an appropriate means of recognizing increases or decreases measured by GAAP in the economic resources underlying the investments. Under the equity method, an investor recognizes its share of the earnings or losses of an investee in the periods for which they are reported by the investee in its financial statements rather than in the period in which an investee declares a dividend or distribution. An investor adjusts the carrying amount of an investment for its share of the earnings or losses recognized by the investee. 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%, based on the amount 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 have control over the operating and financial policies of EAM, pursuant to the EAM Trust Agreement, the Company has a contractual right to receive its share of EAM's revenues and profits.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements: In November 2023, the FASB issued Accounting Standards Update 2023-07, “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires disclosures of significant expenses by segment and interim disclosure of items that were previously required on an annual basis. ASU 2023-07 is to be applied on a retrospective basis and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. We are evaluating the impact of ASU 2023-07 on disclosures in our Consolidated Financial Statements. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”), which provides for additional disclosures primarily related to the income tax rate reconciliations and income taxes paid. ASU 2023-09 requires entities to annually disclose the income tax rate reconciliation using both amounts and percentages, considering several categories of reconciling items, including state and local income taxes, foreign tax effects, tax credits and nontaxable or nondeductible items, among others. Disclosure of the reconciling items is subject to a quantitative threshold and disaggregation by nature and jurisdiction. ASU 2023-09 also requires entities to disclose net income taxes paid or received to federal, state and foreign jurisdictions, as well as by individual jurisdiction, subject to a five percent quantitative threshold. ASU 2023-09 may be adopted on a prospective or retrospective basis and is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. We are evaluating the impact of ASU 2023-09 on disclosures in our Consolidated Financial Statements.
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, and to a smaller extent bank certificates of deposit that are valued in accordance with the requirements of the Fair Value Measurements Topic of the FASB's ASC 820. The securities classified as equity securities reflected in the Consolidated Condensed Balance Sheets are valued at market and unrealized gains and losses are recorded in the Consolidated Condensed Statements of Income per FASB Accounting Standards Update No. 2016-01 ("ASU 2016-01"). The securities classified as available-for-sale fixed income securities reflected in the Consolidated Condensed Balance Sheets are valued at market and unrealized gains and losses, net of applicable taxes, are reported as a separate component of shareholders' equity. Investment gains and losses on sales of the equity securities are the difference between proceeds from sales and the fair value of the equity securities at the beginning of the period or the purchase date, if later. Investment gains and losses on sales of the available-for-sale fixed income securities are the difference between proceeds from sales and the cost of the securities. Investment gains and losses on sales of all securities are recorded in earnings as of the trade date and are determined on the identified cost method. 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 under the 1940 Act. 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-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the information that market participants would use in pricing the asset or liability, including assumptions about risk. Examples of risks include those inherent in a particular valuation technique used to measure fair value such as the risk inherent in the inputs to the valuation technique. Inputs are classified as observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the factors market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below. Level 1 – quoted prices in active markets for identical investments Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) Level 3 – significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments) The following summarizes the levels of fair value measurements of the Company’s investments: As of October 31, 2024 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 10,985 $ - $ - $ 10,985 Equity securities 21,837 - - 21,837 Available-for-sale fixed income securities 38,915 - - 38,915 $ 71,737 $ - $ - $ 71,737 As of April 30, 2024 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 4,136 $ - $ - $ 4,136 Equity securities 16,344 - - 16,344 Available-for-sale fixed income securities 47,361 250 - 47,611 $ 67,841 $ 250 $ - $ 68,091 The Company had no other financial instruments such as futures, forwards and swap contracts. For the periods ended October 31, 2024 and April 30, 2024, there were no Level 3 investments. The Company does not have any liabilities that are subject to fair value measurement.
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, Income taxes (Topic 740) and classifies all deferred taxes as long-term liabilities on the Consolidated Condensed Balance Sheets. 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, 2024, management has reviewed the tax positions for the years still subject to tax audit under the statute of limitations, evaluated the implications, and determined that there is no material impact to the Company's financial statements.
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 have any potentially dilutive common shares from outstanding stock options, warrants, restricted stock, or restricted stock units.
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 months to be cash and cash equivalents. As of October 31, 2024 and April 30, 2024, cash equivalents included $10,985,000 and $4,136,000, respectively, for amounts invested in money market mutual funds that invest in short-term U.S. government securities.

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Oct. 31, 2024
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	As of October 31, 2024 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 10,985 $ - $ - $ 10,985 Equity securities 21,837 - - 21,837 Available-for-sale fixed income securities 38,915 - - 38,915 $ 71,737 $ - $ - $ 71,737 As of April 30, 2024 ($ in thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 4,136 $ - $ - $ 4,136 Equity securities 16,344 - - 16,344 Available-for-sale fixed income securities 47,361 250 - 47,611 $ 67,841 $ 250 $ - $ 68,091

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	6 Months Ended
	Oct. 31, 2024
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 $ 15,505 $ 6,337 $ (5 ) $ 21,837 ($ in thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ETFs - equities $ 11,663 $ 4,685 $ (4 ) $ 16,344
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 $ 33,935 $ 43 $ (1 ) $ 33,977 Due 1 year through 5 years 5,073 - (135 ) 4,938 Total investment in government debt securities $ 39,008 $ 43 $ (136 ) $ 38,915 Amortized Gross Unrealized Gross Unrealized ($ in thousands) Historical Cost Holding Gains Holding Losses Fair Value Maturity Due within 1 year $ 42,843 $ 4 $ (61 ) $ 42,786 Due within 1 year through 5 years 5,088 $ - (263 ) 4,825 Total investment in government debt securities $ 47,931 $ 4 $ (324 ) $ 47,611
Investment Income [Table Text Block]	Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) 2024 2023 2024 2023 Dividend income $ 181 $ 133 $ 328 $ 278 Interest income 499 487 1,044 876 Investment gains/(losses) recognized on sales of equity securities during the period (192 ) (14 ) (125 ) (3 ) Unrealized gains/(losses) recognized on equity securities held at the end of the period 698 (1,685 ) 1,648 (1,475 ) Total investment gains/(losses) $ 1,186 $ (1,079 ) $ 2,895 $ (324 )
Investment Holdings, Other than Securities [Table Text Block]	Three Months Ended October 31, Six Months Ended October 31, ($ in thousands) (unaudited) 2024 2023 2024 2023 Investment management fees earned from the Value Line Funds, net of waivers shown below $ 7,966 $ 5,640 $ 15,342 $ 11,068 12b-1 fees and other fees, net of waivers $ 2,010 $ 1,600 $ 3,952 $ 3,179 Other income $ 160 $ (14 ) $ 316 $ 103 Investment management fee waivers and reimbursements $ 40 $ 114 $ 87 $ 162 12b-1 fee waivers $ 23 $ 23 $ 46 $ 48 Value Line’s non-voting revenues interest $ 4,046 $ 2,721 $ 7,726 $ 5,337 EAM's net income (1) $ 1,168 $ 548 $ 2,290 $ 1,030
Summary Investment Holdings [Table Text Block]	October 31, April 30, ($ in thousands) 2024 2024 (unaudited) EAM's total assets $ 63,953 $ 63,076 EAM's total liabilities (1) (6,861 ) (5,881 ) EAM's total equity $ 57,092 $ 57,195

Note 3 - Variable Interest En_2

Note 3 - Variable Interest Entity (Tables)	6 Months Ended
	Oct. 31, 2024
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, 2024 (unaudited) $ 63,953 $ 60,786 $ - $ 60,786 As of April 30, 2024 $ 63,076 $ 60,134 $ - $ 60,134

Note 4 - Supplementary Cash F_2

Note 4 - Supplementary Cash Flows Information (Tables)	6 Months Ended
	Oct. 31, 2024
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended October 31, ($ in thousands) 2024 2023 Cash and cash equivalents $ 11,293 $ 3,924 Restricted cash 305 305 Total cash, cash equivalents, and restricted cash shown in the Consolidated Condensed Statement of Cash Flows $ 11,598 $ 4,229 Six Months Ended October 31, ($ in thousands) 2024 2023 State and local income tax payments $ 594 $ 497 Federal income tax payments $ 3,068 $ 2,900

Note 6 - Comprehensive Income (

Note 6 - Comprehensive Income (Tables)	6 Months Ended
	Oct. 31, 2024
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 $ 227 $ (48 ) $ 179 $ 227 $ (48 ) $ 179 ($ 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 )

Note 7 - Related Party Transa_2

Note 7 - Related Party Transactions (Tables)	6 Months Ended
	Oct. 31, 2024
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) 2024 2023 2024 2023 Non-voting revenues interest in EAM $ 4,046 $ 2,721 $ 7,726 $ 5,337 Non-voting profits interest in EAM 584 274 1,145 515 $ 4,630 $ 2,995 $ 8,871 $ 5,852

Note 8 - Federal, State and L_2

Note 8 - Federal, State and Local Income Taxes (Tables)	6 Months Ended
	Oct. 31, 2024
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) 2024 2023 2024 2023 Current tax expense: Federal $ 1,339 $ 1,253 $ 2,622 $ 2,462 State and local 354 259 666 510 Current tax expense 1,693 1,512 3,288 2,972 Deferred tax expense (benefit): Federal 182 (346 ) 486 (306 ) State and local - (64 ) 11 (64 ) Deferred tax expense (benefit): 182 (410 ) 497 (370 ) Income tax provision $ 1,875 $ 1,102 $ 3,785 $ 2,602
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	October 31, April 30, ($ in thousands) 2024 2024 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 79 73 Unrealized gain/(loss) on securities held for sale 1,330 916 Right of Use Asset (131 ) (128 ) Deferred charges (74 ) (138 ) Other (510 ) (424 ) Total federal tax liability 10,991 10,596 State and local tax liabilities (benefits): Deferred gain on deconsolidation of EAM 2,490 2,073 Deferred non-cash post-employment compensation (87 ) (72 ) Depreciation and amortization 19 13 Unrealized gain/(loss) on securities held for sale 310 178 Other (319 ) 105 Total state and local tax liabilities 2,413 2,297 Deferred tax liability, long-term $ 13,404 $ 12,893
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Six Months Ended October 31, 2024 2023 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 3.86 % 3.03 % Effect of dividends received deductions (0.22 )% (0.25 )% Other, net 0.01 % (0.02 )% Effective income tax rate 24.65 % 23.76 %

Note 9 - Property and Equipme_2

Note 9 - Property and Equipment (Tables)	6 Months Ended
	Oct. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	October 31, April 30, ($ in thousands) 2024 2024 Building and leasehold improvements $ 652 $ 652 Operating lease - right-of-use asset 3,571 4,090 Furniture and equipment 2,316 2,274 6,539 7,016 Accumulated depreciation and amortization (2,600 ) (2,576 ) Total property and equipment, net $ 3,939 $ 4,440

Note 11 - Treasury Stock and _2

Note 11 - Treasury Stock and Repurchase Program (Tables)	6 Months Ended
	Oct. 31, 2024
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, 2024 581,926 $ 15,372 $ 26.42 $ 1,033 Purchases effected in open market during the months ended: August 31, 2024 - $ - - 1,033 September 30, 2024 - $ - - 1,033 October 31, 2024 - $ - - 1,033 Balance as of October 31, 2024 581,926 $ 15,372 $ 26.42 $ 1,033

Note 12 - Lease Commitments (Ta

Note 12 - Lease Commitments (Tables)	6 Months Ended
	Oct. 31, 2024
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal years ended April 30, ($ in thousands) 2025* $ 721 2026 1,461 2027 1,493 2028 882 Total undiscounted future minimum lease payments 4,557 Less: difference between undiscounted lease payments & the present value of future lease payments 361 Total operating lease liabilities $ 4,196
Lease, Cost [Table Text Block]	As of October 31, 2024 Weighted-average remaining lease term (in years) 3.08 Weighted-average discount rate 5.25 %

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($)	6 Months Ended
	Oct. 31, 2024	Apr. 30, 2024
Money Market Funds, at Carrying Value	$ 10,985,000	$ 4,136,000
EAM Trust [Member]
Non Voting Revenues 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, 2024	Apr. 30, 2024
Cash equivalents	$ 10,985,000	$ 4,136,000
Equity securities	21,837,000	16,344,000
Available-for-sale fixed income securities	38,915,000	47,611,000
Investments, Fair Value Disclosure	71,737,000	68,091,000
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	10,985,000	4,136,000
Equity securities	21,837,000	16,344,000
Available-for-sale fixed income securities	38,915,000	47,361,000
Investments, Fair Value Disclosure	71,737,000	67,841,000
Fair Value, Inputs, Level 2 [Member]
Cash equivalents	0	0
Equity securities	0	0
Available-for-sale fixed income securities	0	250,000
Investments, Fair Value Disclosure	0	250,000
Fair Value, Inputs, Level 3 [Member]
Cash equivalents	0	0
Equity securities	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
	Oct. 31, 2024	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2024
Equity Securities, FV-NI, Cost	$ 15,505,000				$ 15,505,000		$ 11,663,000
Equity securities	21,837,000				21,837,000		16,344,000
Proceeds from Sale of Equity Securities, FV-NI					3,075,000	$ 999,000
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	2,000	$ 177,000	$ (448,000)	$ (212,000)	179,000	(660,000)
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax					48,000	(177,000)
Equity Securities, FV-NI, Gain (Loss)					(127,000)	18,000
Equity Method Investments	60,786,000				60,786,000		60,134,000
EAM Trust [Member]
Fair Value of Contributed Capital at Inception	55,805,000				55,805,000		5,820,000
Cash and Liquid Securities in Excess of Working Capital Requirements Contributed to Capital Account							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	4,572,000				$ 4,572,000		3,865,000
Fixed Income Securities [Member]
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale					22,365,000	19,265,000
AOCI, Debt Securities, Available-for-Sale, Adjustment, after Tax	$ 94,000				94,000		$ 320,000
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent					(227,000)	793,000
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax					$ 48,000	$ 166,000
Debt Securities, Available-for-Sale, Weighted Average Yield	4.40%				4.40%		4.40%
Fixed Income Securities [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
AOCI Tax, Attributable to Parent	$ 20,000				$ 20,000		$ 67,000

Note 2 - Investments - Schedule

Note 2 - Investments - Schedule of Carrying Value and Fair Value of Equity Securities (Details) - USD ($)	Oct. 31, 2024	Apr. 30, 2024
Equity securities, cost	$ 15,505,000	$ 11,663,000
Equity securities, fair value	21,837,000	16,344,000
Exchange Traded Funds [Member]
Equity securities, cost	15,505,000	11,663,000
Equity securities, gross unrealized gains	6,337,000	4,685,000
Equity securities, gross unrealized losses	(5,000)	(4,000)
Equity securities, fair value	$ 21,837,000	$ 16,344,000

Note 2 - Investments - Schedu_2

Note 2 - Investments - Schedule of Carrying Value and Fair Value of Securities Available-for-sale (Details) - USD ($)	Oct. 31, 2024	Apr. 30, 2024
Due within 1 year, amortized cost	$ 33,935,000	$ 42,843,000
Due within 1 year, gross unrealized gains	43,000	4,000
Due within 1 year, gross unrealized losses	(1,000)	(61,000)
Due within 1 year, fair value	33,977,000	42,786,000
Due 1 year through 5 years, amortized cost	5,073,000	5,088,000
Due 1 year through 5 years, gross unrealized gains	0	0
Due within 1 year, gross unrealized gains	0	0
Due 1 year through 5 years, gross unrealized losses	(135,000)	(263,000)
Due 1 year through 5 years	4,938,000	4,825,000
Amortized cost	39,008,000	47,931,000
Total investment in government debt securities, gross unrealized gains	43,000	4,000
Total investment in government debt securities, gross unrealized losses	(136,000)	(324,000)
Fair value	$ 38,915,000	$ 47,611,000

Note 2 - Investments - Income F

Note 2 - Investments - Income From Securities Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Dividend income	$ 181	$ 133	$ 328	$ 278
Interest income	499	487	1,044	876
Investment gains/(losses) recognized on sales of equity securities during the period	(192)	(14)	(125)	(3)
Unrealized gains/(losses) recognized on equity securities held at the end of the period	698	(1,685)	1,648	(1,475)
Total investment gains/(losses)	$ 1,186	$ (1,079)	$ 2,895	$ (324)

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, 2024	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenues	$ 8,841		$ 9,610		$ 17,725	$ 19,353
Value Line’s non-voting revenues interest	4,046		2,721		7,726	5,337
EAM's net income	5,685	$ 5,887	3,488	$ 4,859	11,572	8,347
EAM Trust [Member]
Other income	160		(14)		316	103
Investment management fee waivers and reimbursements	40		114		87	162
12b-1 fee waivers	23		23		46	48
Value Line’s non-voting revenues interest	4,046		2,721		7,726	5,337
EAM's net income	1,168		548		2,290	1,030
EAM Trust [Member] | Investment Advice [Member]
Revenues	7,966		5,640		15,342	11,068
EAM Trust [Member] | Distribution and Shareholder Service [Member]
Revenues	$ 2,010		$ 1,600		$ 3,952	$ 3,179

Note 2 - Investments - Assets a

Note 2 - Investments - Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023
EAM's total assets	$ 139,992		$ 136,035
EAM's total liabilities	43,277		45,242
EAM's total equity	96,715	$ 93,854	90,793	$ 85,742	$ 85,491	$ 83,673
EAM Trust [Member]
EAM's total assets	63,953		63,076
EAM's total liabilities	6,861		5,881
EAM's total equity	$ 57,092		$ 57,195

Note 3 - Variable Interest En_3

Note 3 - Variable Interest Entity (Details Textual)	6 Months Ended
	Oct. 31, 2024
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, 2024	Apr. 30, 2024
Assets	$ 139,992	$ 136,035
Liabilities	43,277	45,242
EAM Trust [Member]
Assets	63,953	63,076
Liabilities	6,861	5,881
EAM Trust [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Assets	60,786	60,134
Liabilities	0	0
Value Line Maximum Exposure to Loss	$ 60,786	$ 60,134

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, 2024	Oct. 31, 2023	Apr. 30, 2024
Cash and cash equivalents (including short term investments of $10,985 and $4,136, respectively)	$ 11,293	$ 3,924	$ 4,390
State and local income tax payments	594	497
Restricted cash	305	305
Federal income tax payments	3,068	2,900
Total cash, cash equivalents, and restricted cash shown in the Consolidated Condensed Statement of Cash Flows	$ 11,598	$ 4,229

Note 5 - Employees' Profit Sh_2

Note 5 - Employees' Profit Sharing and Savings Plan (Details Textual) - USD ($)	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 191,000	$ 191,000

Note 6 - Comprehensive Income -

Note 6 - Comprehensive Income - Components of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Oct. 31, 2024	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Change in unrealized gains on available-for-sale fixed income securities					$ 227	$ (837)
Change in unrealized gains on available-for-sale fixed income securities					(48)	177
Change in unrealized gains on available-for-sale fixed income securities					179	(660)
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, before Tax, Portion Attributable to Parent					227	(837)
Other comprehensive income (loss), available-for-sale securities, tax expense					(48)	177
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	$ 2	$ 177	$ (448)	$ (212)	$ 179	$ (660)

Note 7 - Related Party Transa_3

Note 7 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2024
Ownership Percentage By Parent	91.67%	91.67%
AB&Co [Member]
Increase (Decrease) in Accounts Receivable, Related Parties	$ 0	$ 0		$ 0
AB&Co [Member] | Reimbursement for Payments and Services [Member]
Related Party Transaction, Amounts of Transaction		168,000	$ 170,000
EAM Trust [Member]
Assets under Management, Carrying Amount	$ 4,780,000,000	$ 4,780,000,000	$ 3,310,000,000
Percentage of Assets Increased (Decreased) in Unconsolidated Entities	44.60%
Non Voting Revenues Interest Percent		50%
Non Voting Profits Interest Percent		50%
Accrued Investment Income Receivable	$ 4,572,000	$ 4,572,000
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, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Value Line’s non-voting revenues interest	$ 4,046	$ 2,721	$ 7,726	$ 5,337
Non-voting profits interest in EAM	584	274	1,145	515
Revenues and Profits Distribution from Unconsolidated Entity	$ 4,630	$ 2,995	$ 8,871	$ 5,852

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, 2024	Oct. 31, 2023	Apr. 30, 2019
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
Effective Income Tax Rate Reconciliation, Percent, Total	24.65%	23.76%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	3.86%	3.03%

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, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Federal	$ 1,339	$ 1,253	$ 2,622	$ 2,462
State and local	354	259	666	510
Current tax expense	1,693	1,512	3,288	2,972
Federal	182	(346)	486	(306)
State and local	0	(64)	11	(64)
Deferred tax expense (benefit):	182	(410)	497	(370)
Income tax provision	$ 1,875	$ 1,102	$ 3,785	$ 2,602

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, 2024	Apr. 30, 2024
Total federal tax liability	$ 13,404	$ 12,893
Domestic Tax Jurisdiction [Member]
Deferred gain on deconsolidation of EAM	10,669	10,669
Deferred non-cash post-employment compensation	(372)	(372)
Depreciation and amortization	79	73
Unrealized gain/(loss) on fixed income securities held for sale	1,330	916
Right of Use Asset	(131)	(128)
Deferred charges	(74)	(138)
Other	(510)	(424)
Total federal tax liability	10,991	10,596
Unrealized gain/(loss) on fixed income securities held for sale	1,330	916
State and Local Jurisdiction [Member]
Deferred gain on deconsolidation of EAM	2,490	2,073
Deferred non-cash post-employment compensation	(87)	(72)
Depreciation and amortization	19	13
Unrealized gain/(loss) on fixed income securities held for sale	310	178
Other	(319)	105
Total federal tax liability	2,413	2,297
Unrealized gain/(loss) on fixed income securities held for sale	$ 310	$ 178

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, 2024	Oct. 31, 2023	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	3.86%	3.03%
Effect of dividends received deductions	(0.22%)	(0.25%)
Other, net	0.01%	(0.02%)
Effective income tax rate	24.65%	23.76%

Note 9 - Property and Equipme_3

Note 9 - Property and Equipment - Components of Property and Equipment (Details) - USD ($)	Oct. 31, 2024	Apr. 30, 2024	May 01, 2019
Building and leasehold improvements	$ 652,000	$ 652,000
Operating lease - right-of-use asset	3,571,000	4,090,000	$ 9,575,000
Furniture and equipment	2,316,000	2,274,000
Property, Plant and Equipment, Gross	6,539,000	7,016,000
Accumulated depreciation and amortization	(2,600,000)	(2,576,000)
Total property and equipment, net	$ 3,939,000	$ 4,440,000

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, 2024	Oct. 31, 2023
Capitalized Computer Software, Amortization	$ 29,000	$ 35,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	5 years

Note 11 - Treasury Stock and _3

Note 11 - Treasury Stock and Repurchase Program (Details Textual) - USD ($)	Oct. 31, 2024	Sep. 30, 2024	Aug. 31, 2024	Aug. 01, 2024	Oct. 21, 2022
Share Repurchase Program, Authorized, Amount					$ 3,000,000
Share Repurchase Program, Remaining Authorized, Amount	$ 1,033,000	$ 1,033,000	$ 1,033,000	$ 1,033,000

Note 11 - Treasury Stock and _4

Note 11 - Treasury Stock and Repurchase Program - Treasury Stock at Cost (Details) - USD ($)	1 Months Ended			3 Months Ended
	Oct. 31, 2024	Sep. 30, 2024	Aug. 31, 2024	Oct. 31, 2024	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023	Aug. 01, 2024
Balance, shares (in shares)			581,926	581,926	577,517
Balance, total average cost assigned			$ 15,372,000	$ 15,372,000	$ 15,194,000
Balance, average cost per share (in dollars per share)			$ 26.42	$ 26.42
Balance, aggregate purchase price remaining under the program	$ 1,033,000	$ 1,033,000	$ 1,033,000	$ 1,033,000				$ 1,033,000
August 31, 2024 (in shares)	0	0	0
August 31, 2024	$ 0	$ 0	$ 0		$ 178,000	$ 150,000	$ 188,000
August 31, 2024 (in dollars per share)	$ 0	$ 0	$ 0
Balance, shares (in shares)	581,926			581,926	581,926
Balance, total average cost assigned	$ 15,372,000			$ 15,372,000	$ 15,372,000
Balance, average cost per share (in dollars per share)	$ 26.42			$ 26.42	$ 26.42

Note 12 - Lease Commitments (De

Note 12 - Lease Commitments (Details Textual)			3 Months Ended	6 Months Ended
	Nov. 30, 2016 USD ($) ft²	Feb. 29, 2016 USD ($) ft²	Oct. 31, 2024 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Apr. 30, 2024 USD ($)	Oct. 03, 2021 USD ($)	May 01, 2019 USD ($)	Oct. 30, 2016 USD ($)
Operating Lease, Right-of-Use Asset			$ 3,571,000	$ 3,571,000		$ 4,090,000		$ 9,575,000
Operating Lease, Liability			4,196,000	4,196,000				10,340,000
Lease Incentive Receivable								$ 765,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]								Property and equipment, net
Operating Lease, Expense				$ 638,000	$ 750,000
Operating Lease, Payments			$ 708,000
Sublease to American Building Maintenance Industries, Incorporated [Member]
Area of Real Estate Property (Square Foot) | ft²	24,726
Operating Leases, Annual Base Rent	$ 1,126,000
Base Rent Increase, Percent	2.25%
Security Deposit							$ 305,000		$ 469,000
Lessee Leasing Arrangements, Allowance	$ 417,000
Lessee Leasing Arrangements, Allowance, Six Months of Free Rent Payment	$ 563,000
Seagis Property Group LP (the "Landlord") [Member] | Value Line Distribution Center ("VLDC") [Member]
Area of Real Estate Property (Square Foot) | ft²		24,110
Security Deposit		$ 32,146
Base Rent Increase Amount		$ 237,218

Note 12 - Lease Commitments - F

Note 12 - Lease Commitments - Future Minimum Payments (Details) - USD ($)	Oct. 31, 2024	May 01, 2019
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year	$ 721,000
Lessee, Operating Lease, Liability, to be Paid, Year One	1,461,000
Lessee, Operating Lease, Liability, to be Paid, Year Two	1,493,000
Lessee, Operating Lease, Liability, to be Paid, Year Three	882,000
Total undiscounted future minimum lease payments	4,557,000
Less: difference between undiscounted lease payments & the present value of future lease payments	361,000
Operating Lease, Liability	$ 4,196,000	$ 10,340,000

Note 12 - Lease Commitments - S

Note 12 - Lease Commitments - Summary of Operating Lease Information for Lease Cost (Details)	Oct. 31, 2024
Weighted-average remaining lease term (in years) (Year)	3 years 29 days
Weighted-average discount rate	5.25%

Note 13 - Restricted Cash and_2

Note 13 - Restricted Cash and Deposits (Details Textual) - USD ($)	Oct. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Jan. 01, 2023
Restricted Cash	$ 305,000	$ 305,000
Cash Securing a Letter of Credit Issued as Security Deposit [Member]
Security Deposit	$ 305,000
Restricted Cash			$ 305,000	$ 469,000

Note 14 - Concentration (Detail

Note 14 - Concentration (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenue from Contract with Customer, Including Assessed Tax	$ 8,841,000	$ 9,610,000	$ 17,725,000	$ 19,353,000
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Single Customer [Member]
Concentration Risk, Percentage			29.70%
Revenue from Contract with Customer, Including Assessed Tax			$ 17,725,000

Note 15 - Concentration of Cr_2

Note 15 - Concentration of Credit Risk (Details Textual) - USD ($)	Oct. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Jan. 01, 2023
Cash, Uninsured Amount	$ 739,000		$ 2,237,000
Restricted Cash	305,000	$ 305,000
Cash Securing a Letter of Credit Issued as Security Deposit [Member]
Restricted Cash			$ 305,000	$ 469,000
Closing of Signature Bank [Member] | Cash Securing a Letter of Credit Issued as Security Deposit [Member]
Restricted Cash	$ 305,000

Note 16 - Business Segments (De

Note 16 - Business Segments (Details Textual)	3 Months Ended
	Oct. 31, 2024
Number of Reportable Segments	1
Revenue Benchmark [Member] | Non-US [Member] | Geographic Concentration Risk [Member]
Concentration Risk, Percentage	2%