George Risk Industries (RSKIA) 10-Q 15 Mar 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jan. 31, 2024	Mar. 15, 2024
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jan. 31, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--04-30
Entity File Number	000-05378
Entity Registrant Name	GEORGE RISK INDUSTRIES, INC.
Entity Central Index Key	0000084112
Entity Tax Identification Number	84-0524756
Entity Incorporation, State or Country Code	CO
Entity Address, Address Line One	802 S. Elm St.
Entity Address, City or Town	Kimball
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	69145
City Area Code	(308)
Local Phone Number	235-4645
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,898,830
Class A Common Stock, $0.10 par value
Title of 12(b) Security	Class A Common Stock, $0.10 par value
Trading Symbol	RSKIA
Convertible Preferred Stock, $20 stated value
Title of 12(b) Security	Convertible Preferred Stock, $20 stated value
Trading Symbol	RSKIA

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jan. 31, 2024	Apr. 30, 2023
Current Assets:
Cash and cash equivalents	$ 5,371,000	$ 4,943,000
Investments and securities	33,593,000	31,363,000
Accounts receivable:
Trade, net of allowance for credit losses of $14,864 and $17,922	4,059,000	3,503,000
Other	38,000	59,000
Income tax overpayment	315,000	403,000
Inventories, net	12,088,000	11,443,000
Prepaid expenses	219,000	651,000
Total Current Assets	55,683,000	52,365,000
Property and Equipment, net, at cost	1,987,000	1,997,000
Other Assets
Investment in Limited Land Partnership, at cost	332,000	344,000
Projects in process	13,000	83,000
Other		13,000
Total Other Assets	345,000	440,000
Intangible Assets, net	1,058,000	1,149,000
TOTAL ASSETS	59,073,000	55,951,000
Current Liabilities
Accounts payable, trade	382,000	546,000
Dividends payable	2,854,000	2,565,000
Deferred income	38,000	43,000
Accrued expenses	547,000	421,000
Total Current Liabilities	3,821,000	3,575,000
Long-Term Liabilities
Deferred income taxes	2,542,000	1,727,000
Total Long-Term Liabilities	2,542,000	1,727,000
Total Liabilities	6,363,000	5,302,000
Commitments and Contingencies
Stockholders’ Equity
Convertible preferred stock, 1,000,000 shares authorized, Series 1—noncumulative, $20 stated value, 25,000 shares authorized, 4,100 issued and outstanding	99,000	99,000
Common stock, Class A, $.10 par value, 10,000,000 shares authorized, 8,502,881 shares issued and outstanding	850,000	850,000
Additional paid-in capital	1,934,000	1,934,000
Accumulated other comprehensive income	(91,000)	(161,000)
Retained earnings	54,836,000	52,481,000
Less: treasury stock, 3,604,051 and 3,572,338 shares, at cost	(4,918,000)	(4,554,000)
Total Stockholders’ Equity	52,710,000	50,649,000
TOTAL LIABILITES AND STOCKHOLDERS’ EQUITY	$ 59,073,000	$ 55,951,000

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($)	Jan. 31, 2024	Apr. 30, 2023
Trade, allowance for credit loss, current	$ 14,864	$ 17,922
Convertible preferred stock, shares authorized	1,000,000	1,000,000
Class A common stock, par value	$ 0.10	$ 0.10
Class A common stock, shares authorized	10,000,000	10,000,000
Class A common stock, shares issued	8,502,881	8,502,881
Class A common stock, shares outstanding	8,502,881	8,502,881
Treasury stock, shares	3,604,051	3,572,338
Noncumulative Preferred Stock [Member]
Convertible preferred stock, shares authorized	25,000	25,000
Convertible preferred stock, stated value	$ 20	$ 20
Convertible preferred stock, shares issued	4,100	4,100
Convertible preferred stock, shares outstanding	4,100	4,100

Condensed Income Statements (Un

Condensed Income Statements (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Income Statement [Abstract]
Net Sales	$ 5,394,000	$ 4,366,000	$ 16,175,000	$ 15,194,000
Less: Cost of Goods Sold	(2,734,000)	(2,444,000)	(8,145,000)	(8,076,000)
Gross Profit	2,660,000	1,922,000	8,030,000	7,118,000
Operating Expenses
General and Administrative	396,000	340,000	1,097,000	1,028,000
Sales	705,000	648,000	2,181,000	2,136,000
Engineering	41,000	34,000	78,000	76,000
Total Operating Expenses	1,142,000	1,022,000	3,356,000	3,240,000
Income From Operations	1,518,000	900,000	4,674,000	3,878,000
Other Income (Expense)
Other	32,000	2,000	41,000	6,000
Dividend and Interest Income	396,000	506,000	855,000	871,000
Unrealized Gain on equity securities	2,883,000	1,224,000	2,149,000	27,000
Gain (Loss) on Sale of Investments	18,000	44,000	(55,000)	(165,000)
Gain on Sale of Assets			8,000
Total Other Income (Expense)	3,329,000	1,776,000	2,998,000	739,000
Income Before Provisions for Income Taxes	4,847,000	2,676,000	7,672,000	4,617,000
Provisions for Income Taxes:
Current Expense	474,000	341,000	1,327,000	1,028,000
Deferred Tax Expense (Benefit)	1,134,000	326,000	787,000	(78,000)
Total Income Tax Expense	1,608,000	667,000	2,114,000	950,000
Net Income	$ 3,239,000	$ 2,009,000	$ 5,558,000	$ 3,667,000
Income Per Share of Common Stock
Basic	$ 0.66	$ 0.41	$ 1.13	$ 0.74
Diluted	$ 0.66	$ 0.41	$ 1.13	$ 0.74
Weighted Average Number of Common Shares Outstanding
Basic	4,899,692	4,930,800	4,918,746	4,930,929
Diluted	4,920,192	4,951,300	4,939,246	4,951,429

Condensed Statement of Comprehe

Condensed Statement of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Income Statement [Abstract]
Net Income	$ 3,239,000	$ 2,009,000	$ 5,558,000	$ 3,667,000
Unrealized gain (loss) on debt securities:
Unrealized holding gains (losses) arising during period	418,000	173,000	98,000	(1,000)
Income tax (expense) related to other comprehensive income	(118,000)	(49,000)	(28,000)	(1,000)
Other Comprehensive Income (Loss)	300,000	124,000	70,000	(2,000)
Comprehensive Income	$ 3,539,000	$ 2,133,000	$ 5,628,000	$ 3,665,000

Condensed Statements of Stockho

Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock Class A [Member]	Additional Paid-in Capital [Member]	Treasury Stock Common ClassA (Member)	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Apr. 30, 2022	$ 99,000	$ 850,000	$ 1,934,000	$ (4,547,000)	$ (137,000)	$ 50,843,000	$ 49,042,000
Balance, shares at Apr. 30, 2022	4,100	8,502,881		3,571,693
Purchases of common stock				$ (5,000)			(5,000)
Purchases of common stock, shares				445
Unrealized gain (loss), net of tax effect					(2,000)		(2,000)
Net Income						3,667,000	3,667,000
Dividend declared at $0.60 per common share outstanding						(2,958,000)	(2,958,000)
Prior period adjustment for provisions related to depreciation						(161,000)	(161,000)
Balance at Jan. 31, 2023	$ 99,000	$ 850,000	1,934,000	$ (4,552,000)	(139,000)	51,391,000	49,583,000
Balance, shares at Jan. 31, 2023	4,100	8,502,881		3,572,138
Balance at Oct. 31, 2022	$ 99,000	$ 850,000	1,934,000	$ (4,550,000)	(263,000)	49,382,000	47,452,000
Balance, shares at Oct. 31, 2022	4,100	8,502,881		3,571,963
Purchases of common stock				$ (2,000)			(2,000)
Purchases of common stock, shares				175
Unrealized gain (loss), net of tax effect					124,000		124,000
Net Income						2,009,000	2,009,000
Balance at Jan. 31, 2023	$ 99,000	$ 850,000	1,934,000	$ (4,552,000)	(139,000)	51,391,000	49,583,000
Balance, shares at Jan. 31, 2023	4,100	8,502,881		3,572,138
Balance at Apr. 30, 2023	$ 99,000	$ 850,000	1,934,000	$ (4,554,000)	(161,000)	52,481,000	50,649,000
Balance, shares at Apr. 30, 2023	4,100	8,502,881		3,572,338
Purchases of common stock				$ (364,000)			(364,000)
Purchases of common stock, shares				31,713
Unrealized gain (loss), net of tax effect					70,000		70,000
Net Income						5,558,000	5,558,000
Dividend declared at $0.60 per common share outstanding						(3,203,000)	(3,203,000)
Balance at Jan. 31, 2024	$ 99,000	$ 850,000	1,934,000	$ (4,918,000)	(91,000)	54,836,000	52,710,000
Balance, shares at Jan. 31, 2024	4,100	8,502,881		3,604,051
Balance at Oct. 31, 2023	$ 99,000	$ 850,000	1,934,000	$ (4,595,000)	(391,000)	51,597,000	49,494,000
Balance, shares at Oct. 31, 2023	4,100	8,502,881		3,576,088
Purchases of common stock				$ (323,000)			(323,000)
Purchases of common stock, shares				27,963
Unrealized gain (loss), net of tax effect					300,000		300,000
Net Income						3,239,000	3,239,000
Balance at Jan. 31, 2024	$ 99,000	$ 850,000	$ 1,934,000	$ (4,918,000)	$ (91,000)	$ 54,836,000	$ 52,710,000
Balance, shares at Jan. 31, 2024	4,100	8,502,881		3,604,051

Condensed Statements of Stock_2

Condensed Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividend declared for per common share outstanding	$ 0.65	$ 0.60

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 5,558,000	$ 3,667,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	364,000	332,000
Loss on sale of investments	32,000	165,000
Impairment on investments	22,000
Unrealized (gain) on equity investments	(2,149,000)	(27,000)
Provision for credit losses on accounts receivable	(3,000)	(6,000)
Reserve for obsolete inventory	(51,000)	81,000
Deferred income taxes	787,000	(78,000)
(Gain) on sales of assets	(8,000)
(Increase) decrease in:
Accounts receivable	(554,000)	824,000
Inventories	(594,000)	(2,444,000)
Prepaid expenses	515,000	458,000
Other receivables	22,000	(29,000)
Income tax overpayment	88,000	(478,000)
Increase (decrease) in:
Accounts payable	(164,000)	84,000
Accrued expenses	120,000	184,000
Net cash from operating activities	3,985,000	2,733,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets	8,000
(Purchase) of property and equipment	(263,000)	(221,000)
Proceeds from sale of marketable securities	520,000	17,000
(Purchase) of marketable securities	(556,000)	(648,000)
Proceeds from long-term investment	12,000
Net cash from investing activities	(279,000)	(852,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
(Purchase) of treasury stock	(364,000)	(5,000)
Dividends paid	(2,914,000)	(2,689,000)
Net cash from financing activities	(3,278,000)	(2,694,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS	428,000	(813,000)
Cash and Cash Equivalents, beginning of period	4,943,000	6,078,000
Cash and Cash Equivalents, end of period	5,371,000	5,265,000
Supplemental Disclosure for Cash Flow Information:
Income taxes	1,230,000	1,618,000
Interest paid
Cash receipts for:
Income taxes		$ 118,000

Unaudited Interim Financial Sta

Unaudited Interim Financial Statements	9 Months Ended
	Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Unaudited Interim Financial Statements	Note 1: Unaudited Interim Financial Statements The accompanying financial statements have been prepared in accordance with the instructions for Form 10-Q and do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. It is suggested that these unaudited condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s April 30, 2023 annual report on Form 10-K. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation, have been included. Operating results for any quarter are not necessarily indicative of the results for any other quarter or for the full year. Accounting Estimates Significant Accounting Policies Recently Issued Accounting Pronouncements Segment Reporting (Topic280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU No. 2023-09, Improvements to Tax Disclosures (Topic 740)

Investments

Investments	9 Months Ended
	Jan. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Note 2: Investments The Company has investments in publicly traded equity securities, state and municipal debt securities, real estate investment trusts, and money markets. The investments in debt securities, which include municipal bonds and bond funds, mature between February 2024 and July 2041. As of January 31, 2024 and April 30, 2023, investments consisted of the following: Schedule of Investments Investments at January 31, 2024 Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal bonds $ 5,383,000 $ 45,000 $ (162,000 ) $ 5,266,000 REITs 78,000 — (8,000 ) 70,000 Equity securities 18,977,000 8,876,000 (294,000 ) 27,559,000 Money markets and CDs 698,000 — — 698,000 Total $ 25,136,000 $ 8,921,000 $ (464,000 ) $ 33,593,000 Investments at April 30, 2023 Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal bonds $ 5,396,000 $ 46,000 $ (230,000 ) $ 5,212,000 REITs 93,000 — (22,000 ) 71,000 Equity securities 18,605,000 6,915,000 (501,000 ) 25,019,000 Money markets and CDs 1,060,000 1,000 — 1,061,000 Total $ 25,154,000 $ 6,962,000 $ (753,000 ) $ 31,363,000 Marketable securities that are classified as equity securities are carried at fair value on the balance sheets with changes in fair value recorded as an unrealized gain or (loss) in the statements of income in the period of the change. Upon the disposition of a marketable security, the Company records a realized gain or (loss) on the Company’s statements of income. The Company evaluates all marketable securities for other-than-temporary declines in fair value, which are defined as when the cost basis exceeds the fair value for approximately one year. The Company also evaluates the nature of the investment, cause of impairment and number of investments that are in an unrealized position. When an “other-than-temporary” decline is identified, the Company will decrease the cost of the marketable security to the new fair value and recognize a real loss. The investments are periodically evaluated to determine if impairment changes are required. As a result of this standard, there were no 22,000 no The Company’s investments are actively traded in the stock and bond markets. Therefore, either a realized gain or loss is recorded when a sale occurs. For the quarter ended January 31, 2024 the Company had sales of equity securities which yielded gross realized gains of $ 116,000 84,000 14,000 329,000 362,000 22,000 118,000 69,000 5,000 403,000 522,000 46,000 The following tables show the investments with unrealized losses that are not deemed to be “other-than-temporarily impaired”, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at January 31, 2024 and April 30, 2023, respectively. Unrealized Loss Breakdown by Investment Type at January 31, 2024 Schedule of Unrealized Loss Breakdown by Investment Less than 12 months 12 months or greater Total Description Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Municipal bonds $ 816,000 $ (10,000 ) $ 2,767,000 $ (153,000 ) $ 3,583,000 $ (163,000 ) REITs 3,000 (1,000 ) 67,000 (6,000 ) 70,000 (7,000 ) Equity securities 1,251,000 (85,000 ) 1,366,000 (209,000 ) 2,617,000 (294,000 ) Total $ 2,070,000 $ (96,000 ) $ 4,200,000 $ (368,000 ) $ 6,270,000 $ (464,000 ) Unrealized Loss Breakdown by Investment Type at April 30, 2023 Less than 12 months 12 months or greater Total Description Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Municipal bonds $ 868,000 $ (6,000 ) $ 3,769,000 $ (224,000 ) $ 4,637,000 $ (230,000 ) REITs 36,000 (9,000 ) 35,000 (13,000 ) 71,000 (22,000 ) Equity securities 3,048,000 (140,000 ) 2,209,000 (361,000 ) 5,257,000 (501,000 ) Total $ 3,952,000 $ (155,000 ) $ 6,013,000 $ (598,000 ) $ 9,965,000 $ (753,000 ) Municipal Bonds The unrealized losses on the Company’s investments in municipal bonds were caused by interest rate increases. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the amortized cost of the investment. Because the Company has the ability to hold these investments until a recovery of fair value, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at January 31, 2024 and April 30, 2023. Marketable Equity Securities and REITs The Company’s investments in marketable equity securities and REITs consist of a wide variety of companies. Investments in these companies include growth, growth income, and foreign investment objectives. The individual holdings have been evaluated, and due to management’s plan to hold on to these investments for an extended period, the Company does not consider these investments to be other-than-temporarily impaired at January 31, 2024 and April 30, 2023.

Inventories

Inventories	9 Months Ended
	Jan. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Note 3: Inventories Inventories at January 31, 2024 and April 30, 2023 consisted of the following: Schedule of Inventories January 31, April 30, 2024 2023 Raw materials $ 10,603,000 $ 9,886,000 Work in process 777,000 678,000 Finished goods 1,046,000 1,267,000 Inventory gross 12,426,000 11,831,000 Less: allowance for obsolete inventory (338,000 ) (388,000 ) Inventories, net $ 12,088,000 $ 11,443,000

Business Segments

Business Segments	9 Months Ended
	Jan. 31, 2024
Segment Reporting [Abstract]
Business Segments	Note 4: Business Segments The following is financial information relating to industry segments: Schedule of Financial Information Relating to Industry Segments Three months Three months Nine months Nine months ended ended ended ended Jan 31, 2024 Jan 31, 2023 Jan 31, 2024 Jan 31, 2023 Net revenue: Security alarm products $ 4,939,000 $ 3,712,000 $ 14,627,000 $ 13,079,000 Cable & wiring tools 332,000 486,000 1,117,000 1,561,000 Other products 123,000 168,000 431,000 554,000 Total net revenue $ 5,394,000 $ 4,366,000 $ 16,175,000 $ 15,194,000 Income from operations: Security alarm products $ 1,373,000 $ 774,000 $ 4,226,000 $ 3,339,000 Cable & wiring tools 105,000 93,000 323,000 398,000 Other products 40,000 33,000 125,000 141,000 Total income from operations $ 1,518,000 $ 900,000 $ 4,674,000 $ 3,878,000 Depreciation and amortization: Security alarm products $ 55,000 $ 48,000 $ 146,000 $ 143,000 Cable & wiring tools 30,000 30,000 91,000 92,000 Other products 24,000 21,000 61,000 57,000 Corporate general 14,000 14,000 66,000 40,000 Total depreciation and amortization $ 123,000 $ 113,000 $ 364,000 $ 332,000 Capital expenditures: Security alarm products $ — $ — $ 224,000 $ 74,000 Cable & wiring tools — — — — Other products 20,000 12,000 20,000 147,000 Corporate general — — 19,000 — Total capital expenditures $ 20,000 $ 12,000 $ 263,000 $ 221,000 January 31, 2024 April 30, 2023 Identifiable assets: Security alarm products $ 15,880,000 $ 14,251,000 Cable & wiring tools 2,173,000 2,548,000 Other products 850,000 981,000 Corporate general 40,170,000 38,171,000 Total assets $ 59,073,000 $ 55,951,000

Earnings per Share

Earnings per Share	9 Months Ended
	Jan. 31, 2024
Income Per Share of Common Stock
Earnings per Share	Note 5: Earnings per Share Basic and diluted earnings per share, assuming convertible preferred stock was converted for each period presented, are: Schedule of Basic and Diluted Earnings Per Share For the three months ended January 31, 2024 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 3,239,000 Basic EPS $ 3,239,000 4,899,692 $ .66 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 3,239,000 4,920,192 $ .66 For the three months ended January 31, 2023 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 2,009,000 Basic EPS $ 2,009,000 4,930,800 $ .41 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 2,009,000 4,951,300 $ .41 For the nine months ended January 31, 2024 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 5,558,000 Basic EPS $ 5,558,000 4,918,746 $ 1.13 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 5,558,000 4,939,246 $ 1.13 For the nine months ended January 31, 2023 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 3,667,000 Basic EPS $ 3,667,000 4,930,929 $ .74 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 3,667,000 4,951,429 $ .74

Retirement Benefit Plan

Retirement Benefit Plan	9 Months Ended
	Jan. 31, 2024
Retirement Benefits [Abstract]
Retirement Benefit Plan	Note 6: Retirement Benefit Plan On January 1, 1998, the Company adopted the George Risk Industries, Inc. Retirement Savings Plan (the “Plan”). The Plan is a defined contribution savings plan designed to provide retirement income to eligible employees of the Company. The Plan is intended to be qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. It is funded by voluntary pre-tax and Roth (taxable) contributions from eligible employees who may contribute a percentage of their eligible compensation, limited and subject to statutory limits. Employees are eligible to participate in the Plan when they have attained the age of 21 and completed one thousand hours of service in any plan year with the Company. 100 six-year 15,000 14,000 45,000 43,000

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jan. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7: Fair Value Measurements The carrying value of the Company’s cash and cash equivalents, accounts receivable and accounts payable approximate their fair value due to their short-term nature. The fair value of our investments is determined utilizing market-based information. Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, we consider the principal or most advantageous market in which we would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions, and credit risk. US GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). The levels of the fair value hierarchy under US GAAP are described below: Level 1 Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. Investments and Marketable Securities As of January 31, 2024 and April 30, 2023, our investments consisted of money markets, publicly traded equity securities, real estate investment trusts (REITs) as well as certain state and municipal debt securities. Our marketable securities are valued using third-party broker statements. The value of the investments is derived from quoted market information. The inputs to the valuation are generally classified as Level 1 given the active market for these securities, however, if an active market does not exist, which is the case for municipal bonds and REITs, the inputs are recorded as Level 2. Fair Value Hierarchy The following tables set forth our assets and liabilities measured at fair value on a recurring basis and a non-recurring basis by level within the fair value hierarchy. As required by US GAAP, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Schedule of Assets Measured at Fair Value on Recurring Basis Level 1 Level 2 Level 3 Total Assets Measured at Fair Value on a Recurring Basis as of Level 1 Level 2 Level 3 Total Assets: Municipal Bonds $ — $ 5,266,000 $ — $ 5,266,000 REITs — 70,000 — 70,000 Equity Securities 27,559,000 — — 27,559,000 Money Markets 698,000 — — 698,000 Total fair value of assets measured on a recurring basis $ 28,257,000 $ 5,336,000 $ — $ 33,593,000 Level 1 Level 2 Level 3 Total Assets Measured at Fair Value on a Recurring Basis as of Level 1 Level 2 Level 3 Total Assets: Municipal Bonds $ — $ 5,212,000 $ — $ 5,212,000 REITs — 71,000 — 71,000 Equity Securities 25,019,000 — — 25,019,000 Money Markets 1,061,000 — — 1,061,000 Total fair value of assets measured on a recurring basis $ 26,080,000 $ 5,283,000 $ — $ 31,363,000

Subsequent Events

Subsequent Events	9 Months Ended
	Jan. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 8 Subsequent Events None

Unaudited Interim Financial S_2

Unaudited Interim Financial Statements (Policies)	9 Months Ended
	Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Estimates	Accounting Estimates
Significant Accounting Policies	Significant Accounting Policies
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Segment Reporting (Topic280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU No. 2023-09, Improvements to Tax Disclosures (Topic 740)

Investments (Tables)

Investments (Tables)	9 Months Ended
	Jan. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	As of January 31, 2024 and April 30, 2023, investments consisted of the following: Schedule of Investments Investments at January 31, 2024 Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal bonds $ 5,383,000 $ 45,000 $ (162,000 ) $ 5,266,000 REITs 78,000 — (8,000 ) 70,000 Equity securities 18,977,000 8,876,000 (294,000 ) 27,559,000 Money markets and CDs 698,000 — — 698,000 Total $ 25,136,000 $ 8,921,000 $ (464,000 ) $ 33,593,000 Investments at April 30, 2023 Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal bonds $ 5,396,000 $ 46,000 $ (230,000 ) $ 5,212,000 REITs 93,000 — (22,000 ) 71,000 Equity securities 18,605,000 6,915,000 (501,000 ) 25,019,000 Money markets and CDs 1,060,000 1,000 — 1,061,000 Total $ 25,154,000 $ 6,962,000 $ (753,000 ) $ 31,363,000
Schedule of Unrealized Loss Breakdown by Investment	Unrealized Loss Breakdown by Investment Type at January 31, 2024 Schedule of Unrealized Loss Breakdown by Investment Less than 12 months 12 months or greater Total Description Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Municipal bonds $ 816,000 $ (10,000 ) $ 2,767,000 $ (153,000 ) $ 3,583,000 $ (163,000 ) REITs 3,000 (1,000 ) 67,000 (6,000 ) 70,000 (7,000 ) Equity securities 1,251,000 (85,000 ) 1,366,000 (209,000 ) 2,617,000 (294,000 ) Total $ 2,070,000 $ (96,000 ) $ 4,200,000 $ (368,000 ) $ 6,270,000 $ (464,000 ) Unrealized Loss Breakdown by Investment Type at April 30, 2023 Less than 12 months 12 months or greater Total Description Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Municipal bonds $ 868,000 $ (6,000 ) $ 3,769,000 $ (224,000 ) $ 4,637,000 $ (230,000 ) REITs 36,000 (9,000 ) 35,000 (13,000 ) 71,000 (22,000 ) Equity securities 3,048,000 (140,000 ) 2,209,000 (361,000 ) 5,257,000 (501,000 ) Total $ 3,952,000 $ (155,000 ) $ 6,013,000 $ (598,000 ) $ 9,965,000 $ (753,000 )

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jan. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories at January 31, 2024 and April 30, 2023 consisted of the following: Schedule of Inventories January 31, April 30, 2024 2023 Raw materials $ 10,603,000 $ 9,886,000 Work in process 777,000 678,000 Finished goods 1,046,000 1,267,000 Inventory gross 12,426,000 11,831,000 Less: allowance for obsolete inventory (338,000 ) (388,000 ) Inventories, net $ 12,088,000 $ 11,443,000

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Jan. 31, 2024
Segment Reporting [Abstract]
Schedule of Financial Information Relating to Industry Segments	The following is financial information relating to industry segments: Schedule of Financial Information Relating to Industry Segments Three months Three months Nine months Nine months ended ended ended ended Jan 31, 2024 Jan 31, 2023 Jan 31, 2024 Jan 31, 2023 Net revenue: Security alarm products $ 4,939,000 $ 3,712,000 $ 14,627,000 $ 13,079,000 Cable & wiring tools 332,000 486,000 1,117,000 1,561,000 Other products 123,000 168,000 431,000 554,000 Total net revenue $ 5,394,000 $ 4,366,000 $ 16,175,000 $ 15,194,000 Income from operations: Security alarm products $ 1,373,000 $ 774,000 $ 4,226,000 $ 3,339,000 Cable & wiring tools 105,000 93,000 323,000 398,000 Other products 40,000 33,000 125,000 141,000 Total income from operations $ 1,518,000 $ 900,000 $ 4,674,000 $ 3,878,000 Depreciation and amortization: Security alarm products $ 55,000 $ 48,000 $ 146,000 $ 143,000 Cable & wiring tools 30,000 30,000 91,000 92,000 Other products 24,000 21,000 61,000 57,000 Corporate general 14,000 14,000 66,000 40,000 Total depreciation and amortization $ 123,000 $ 113,000 $ 364,000 $ 332,000 Capital expenditures: Security alarm products $ — $ — $ 224,000 $ 74,000 Cable & wiring tools — — — — Other products 20,000 12,000 20,000 147,000 Corporate general — — 19,000 — Total capital expenditures $ 20,000 $ 12,000 $ 263,000 $ 221,000 January 31, 2024 April 30, 2023 Identifiable assets: Security alarm products $ 15,880,000 $ 14,251,000 Cable & wiring tools 2,173,000 2,548,000 Other products 850,000 981,000 Corporate general 40,170,000 38,171,000 Total assets $ 59,073,000 $ 55,951,000

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Jan. 31, 2024
Income Per Share of Common Stock
Schedule of Basic and Diluted Earnings Per Share	Basic and diluted earnings per share, assuming convertible preferred stock was converted for each period presented, are: Schedule of Basic and Diluted Earnings Per Share For the three months ended January 31, 2024 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 3,239,000 Basic EPS $ 3,239,000 4,899,692 $ .66 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 3,239,000 4,920,192 $ .66 For the three months ended January 31, 2023 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 2,009,000 Basic EPS $ 2,009,000 4,930,800 $ .41 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 2,009,000 4,951,300 $ .41 For the nine months ended January 31, 2024 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 5,558,000 Basic EPS $ 5,558,000 4,918,746 $ 1.13 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 5,558,000 4,939,246 $ 1.13 For the nine months ended January 31, 2023 Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 3,667,000 Basic EPS $ 3,667,000 4,930,929 $ .74 Effect of dilutive Convertible Preferred Stock – 20,500 — Diluted EPS $ 3,667,000 4,951,429 $ .74

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jan. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on Recurring Basis	The following tables set forth our assets and liabilities measured at fair value on a recurring basis and a non-recurring basis by level within the fair value hierarchy. As required by US GAAP, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Schedule of Assets Measured at Fair Value on Recurring Basis Level 1 Level 2 Level 3 Total Assets Measured at Fair Value on a Recurring Basis as of Level 1 Level 2 Level 3 Total Assets: Municipal Bonds $ — $ 5,266,000 $ — $ 5,266,000 REITs — 70,000 — 70,000 Equity Securities 27,559,000 — — 27,559,000 Money Markets 698,000 — — 698,000 Total fair value of assets measured on a recurring basis $ 28,257,000 $ 5,336,000 $ — $ 33,593,000 Level 1 Level 2 Level 3 Total Assets Measured at Fair Value on a Recurring Basis as of Level 1 Level 2 Level 3 Total Assets: Municipal Bonds $ — $ 5,212,000 $ — $ 5,212,000 REITs — 71,000 — 71,000 Equity Securities 25,019,000 — — 25,019,000 Money Markets 1,061,000 — — 1,061,000 Total fair value of assets measured on a recurring basis $ 26,080,000 $ 5,283,000 $ — $ 31,363,000

Schedule of Investments (Detail

Schedule of Investments (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jan. 31, 2024	Apr. 30, 2023
Marketable Securities [Line Items]
Cost Basis	$ 25,136,000	$ 25,154,000
Gross Unrealized Gains	8,921,000	6,962,000
Gross Unrealized Losses	(464,000)	(753,000)
Fair Value	33,593,000	31,363,000
Municipal Bonds [Member]
Marketable Securities [Line Items]
Cost Basis	5,383,000	5,396,000
Gross Unrealized Gains	45,000	46,000
Gross Unrealized Losses	(162,000)	(230,000)
Fair Value	5,266,000	5,212,000
Real Estate Investment [Member]
Marketable Securities [Line Items]
Cost Basis	78,000	93,000
Gross Unrealized Gains
Gross Unrealized Losses	(8,000)	(22,000)
Fair Value	70,000	71,000
Equity Securities [Member]
Marketable Securities [Line Items]
Cost Basis	18,977,000	18,605,000
Gross Unrealized Gains	8,876,000	6,915,000
Gross Unrealized Losses	(294,000)	(501,000)
Fair Value	27,559,000	25,019,000
Money Markets and CDs [Member]
Marketable Securities [Line Items]
Cost Basis	698,000	1,060,000
Gross Unrealized Gains		1,000
Gross Unrealized Losses
Fair Value	$ 698,000	$ 1,061,000

Schedule of Unrealized Loss Bre

Schedule of Unrealized Loss Breakdown by Investment (Details) - USD ($)	Jan. 31, 2024	Apr. 30, 2023
Marketable Securities [Line Items]
Debt securities, unrealized loss, less than 12 months	$ 2,070,000	$ 3,952,000
Debt securities, unrealized loss, less than 12 months, accumulated loss	(96,000)	(155,000)
Debt securities, unrealized loss, 12 months or greater	4,200,000	6,013,000
Debt securities, unrealized loss, 12 months or greater, accumulated loss	(368,000)	(598,000)
Debt securities, unrealized loss fair value	6,270,000	9,965,000
Debt securities, unrealized loss fair value, accumulated loss	(464,000)	(753,000)
Municipal Bonds [Member]
Marketable Securities [Line Items]
Debt securities, unrealized loss, less than 12 months	816,000	868,000
Debt securities, unrealized loss, less than 12 months, accumulated loss	(10,000)	(6,000)
Debt securities, unrealized loss, 12 months or greater	2,767,000	3,769,000
Debt securities, unrealized loss, 12 months or greater, accumulated loss	(153,000)	(224,000)
Debt securities, unrealized loss fair value	3,583,000	4,637,000
Debt securities, unrealized loss fair value, accumulated loss	(163,000)	(230,000)
Real Estate Investment [Member]
Marketable Securities [Line Items]
Debt securities, unrealized loss, less than 12 months	3,000	36,000
Debt securities, unrealized loss, less than 12 months, accumulated loss	(1,000)	(9,000)
Debt securities, unrealized loss, 12 months or greater	67,000	35,000
Debt securities, unrealized loss, 12 months or greater, accumulated loss	(6,000)	(13,000)
Debt securities, unrealized loss fair value	70,000	71,000
Debt securities, unrealized loss fair value, accumulated loss	(7,000)	(22,000)
Equity Securities [Member]
Marketable Securities [Line Items]
Debt securities, unrealized loss, less than 12 months	1,251,000	3,048,000
Debt securities, unrealized loss, less than 12 months, accumulated loss	(85,000)	(140,000)
Debt securities, unrealized loss, 12 months or greater	1,366,000	2,209,000
Debt securities, unrealized loss, 12 months or greater, accumulated loss	(209,000)	(361,000)
Debt securities, unrealized loss fair value	2,617,000	5,257,000
Debt securities, unrealized loss fair value, accumulated loss	$ (294,000)	$ (501,000)

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Debt securities maturity description			The investments in debt securities, which include municipal bonds and bond funds, mature between February 2024 and July 2041.
Impairment loss	$ 0	$ 0	$ 22,000
Gross realized gain	116,000	118,000	329,000	403,000
Gross realized losses	84,000	69,000	362,000	522,000
Gross realized loss debt	$ 14,000	$ 5,000	$ 22,000	$ 46,000

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($)	Jan. 31, 2024	Apr. 30, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 10,603,000	$ 9,886,000
Work in process	777,000	678,000
Finished goods	1,046,000	1,267,000
Inventory gross	12,426,000	11,831,000
Less: allowance for obsolete inventory	(338,000)	(388,000)
Inventories, net	$ 12,088,000	$ 11,443,000

Schedule of Financial Informati

Schedule of Financial Information Relating to Industry Segments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023	Apr. 30, 2023
Segment Reporting Information [Line Items]
Total net revenue	$ 5,394,000	$ 4,366,000	$ 16,175,000	$ 15,194,000
Total income from operations	1,518,000	900,000	4,674,000	3,878,000
Total depreciation and amortization	123,000	113,000	364,000	332,000
Total capital expenditures	20,000	12,000	263,000	221,000
Total assets	59,073,000		59,073,000		$ 55,951,000
Security Alarm Products [Member]
Segment Reporting Information [Line Items]
Total net revenue	4,939,000	3,712,000	14,627,000	13,079,000
Total income from operations	1,373,000	774,000	4,226,000	3,339,000
Total depreciation and amortization	55,000	48,000	146,000	143,000
Total capital expenditures			224,000	74,000
Total assets	15,880,000		15,880,000		14,251,000
Cable and Wiring Tools [Member]
Segment Reporting Information [Line Items]
Total net revenue	332,000	486,000	1,117,000	1,561,000
Total income from operations	105,000	93,000	323,000	398,000
Total depreciation and amortization	30,000	30,000	91,000	92,000
Total capital expenditures
Total assets	2,173,000		2,173,000		2,548,000
Other Products [Member]
Segment Reporting Information [Line Items]
Total net revenue	123,000	168,000	431,000	554,000
Total income from operations	40,000	33,000	125,000	141,000
Total depreciation and amortization	24,000	21,000	61,000	57,000
Total capital expenditures	20,000	12,000	20,000	147,000
Total assets	850,000		850,000		981,000
Corporate General [Member]
Segment Reporting Information [Line Items]
Total depreciation and amortization	14,000	14,000	66,000	40,000
Total capital expenditures			19,000
Total assets	$ 40,170,000		$ 40,170,000		$ 38,171,000

Schedule of Basic and Diluted E

Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Income Per Share of Common Stock
Net income	$ 3,239,000	$ 2,009,000	$ 5,558,000	$ 3,667,000
Basic EPS, Income	$ 3,239,000	$ 2,009,000	$ 5,558,000	$ 3,667,000
Basic EPS, Shares	4,899,692	4,930,800	4,918,746	4,930,929
Basic EPS, Per-Share Amount	$ 0.66	$ 0.41	$ 1.13	$ 0.74
Effect of dilutive Convertible Preferred Stock, Income
Effect of dilutive Convertible Preferred Stock, Shares	20,500	20,500	20,500	20,500
Effect of dilutive Convertible Preferred Stock, Per-Share Amount
Diluted EPS, Income	$ 3,239,000	$ 2,009,000	$ 5,558,000	$ 3,667,000
Diluted EPS, Shares	4,920,192	4,951,300	4,939,246	4,951,429
Diluted EPS, Per-Share Amount	$ 0.66	$ 0.41	$ 1.13	$ 0.74

Retirement Benefit Plan (Detail

Retirement Benefit Plan (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
	Jan. 01, 1998	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Retirement Benefits [Abstract]
Description of employees eligibility	Employees are eligible to participate in the Plan when they have attained the age of 21 and completed one thousand hours of service in any plan year with the Company.
Employees vesting percentage	100%
Employer matching contribution vesting period	6 years
Employees matching contributions		$ 15,000	$ 14,000	$ 45,000	$ 43,000

Schedule of Assets Measured at

Schedule of Assets Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($)	Jan. 31, 2024	Apr. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	$ 33,593,000	$ 31,363,000
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	5,266,000	5,212,000
Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	70,000	71,000
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	27,559,000	25,019,000
Money Markets and CDs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	698,000	1,061,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	28,257,000	26,080,000
Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 1 [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	27,559,000	25,019,000
Fair Value, Inputs, Level 1 [Member] | Money Markets and CDs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	698,000	1,061,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	5,336,000	5,283,000
Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	5,266,000	5,212,000
Fair Value, Inputs, Level 2 [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis	70,000	71,000
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 2 [Member] | Money Markets and CDs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 3 [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis
Fair Value, Inputs, Level 3 [Member] | Money Markets and CDs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of assets measured on a recurring basis