Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.2.0.727
Property and Equipment
12 Months Ended
Apr. 30, 2015
Property and Equipment [Abstract]  
Property and Equipment

Note 5. Property and Equipment


Property and equipment consisted of the following at April 30, 2015 and 2014:


April 30,

2015

 

2014 

 

 

 

 

 

Call center hardware

$ 132,798     $ 122,653  

Computer and office equipment

    78,626       66,118  

Furniture and fixtures

    42,698       36,446  

Library (online)

    100,000       100,000  

Software

    2,244,802       1,894,215  
      2,598,924       2,219,432  

Accumulated depreciation and amortization

    (1,387,876 )     (938,703 )

Property and equipment, net

  $ 1,211,048     $ 1,280,729  


Software consisted of the following at April 30, 2015 and 2014:


April 30,

2015

 

2014 

 

 

 

 

 

Software

$ 2,244,802     $ 1,894,215  

Accumulated amortization

    (1,130,453 )     (720,823 )

Software, net

  $ 1,114,349     $ 1,173,392  


Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented for years ended April 30, 2015 and 2014:


For the Years Ended

 

April 30,

 
   

2015

   

2014 

 

 

 

 

 
                         

Depreciation and Amortization Expense

                  $ 449,173     $ 369,039  
                                 

Software Amortization Expense

                  $ 409,630     $ 334,224  


The following is a schedule of estimated future software amortization expense of software at April 30, 2015:


Year Ending April 30,

 

2016

$ 299,307  

2017

  388,670  

2018

    222,506  

2019

    136,544  

2020

    67,322  

Total

  $ 1,114,349