Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v2.4.0.8
Property and Equipment (Tables)
 12 Months Ended
Apr. 30, 2014
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at April 30, 2014 and 2013:


                 

 

 

April 30,

 

 

April 30,

 

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

Call center

 

$

122,653

 

 

$

121,313

 

Computer and office equipment

 

 

66,118

 

 

 

61,036

 

Furniture and fixtures

 

 

36,446

 

 

 

32,914

 

Library (online)

 

 

100,000

 

 

 

100,000

 

Software

 

 

1,894,215

 

 

 

1,518,142

 

 

 

 

2,219,432

 

 

 

1,833,405

 

Accumulated depreciation and amortization

 

 

(938,703

)

 

 

(569,665

)

Property and equipment, net

 

$

1,280,729

 

 

$

1,263,740

 


Software [Member]
  
Property, Plant and Equipment [Line Items]  
Schedule of Intangible Asset

Software consisted of the following at April 30, 2014 and April 30, 2013:


                 

 

 

April 30,

 

 

April 30,

 

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

Software

 

$

1,894,215

 

 

$

1,518,142

 

Accumulated amortization

 

 

(720,823

)

 

 

(386,599

)

Software, net

 

$

1,173,392

 

 

$

1,131,543

 


Schedule of Estimated Future Amortization Expense

Estimated amortization expense of software is as follows:


         

Year Ending April 30,

 

 

 

2015

 

$

378,843

 

2016

 

 

377,977

 

2017

 

 

255,265

 

2018

 

 

122,230

 

2019

 

 

39,077

 

Total

 

$

1,173,392