Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.7.0.1
Property and Equipment (Tables)
9 Months Ended
Jan. 31, 2017
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at January 31, 2017 and April 30, 2016:


 

 

January 31,

 

 

April 30,

 

 

 

2017

 

 

2016

 

Call center hardware

 

$

33,794

 

 

$

79,199

 

Computer and office equipment

 

 

86,496

 

 

 

67,773

 

Furniture and fixtures

 

 

231,706

 

 

 

114,964

 

Software

 

 

2,091,660

 

 

 

2,567,383

 

 

 

 

2,443,656

 

 

 

2,829,319

 

Accumulated depreciation and amortization

 

 

(1,107,836

)

 

 

(1,680,687

)

Property and equipment, net

 

$

1,335,820

 

 

$

1,148,632

 

Schedule of Depreciation and Amortization Expense

Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented below for three and nine months ended January 31, 2017 and 2016:


 

 

For the

 

 

For the

 

 

 

Three Months Ended

January 31,

 

 

Nine Months Ended

January 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization Expense

 

$

119,064

 

 

$

135,084

 

 

$

378,118

 

 

$

390,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software amortization Expense

 

$

105,914

 

 

$

122,619

 

 

$

342,938

 

 

$

354,688

 

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

Software consisted of the following at October 31, 2016 and April 30, 2016:


 

 

October 31,

 

 

April 30,

 

 

 

2016

 

 

2016

 

Software

 

$

2,451,208

 

 

$

2,567,383

 

Accumulated amortization

 

 

(1,429,668

)

 

 

(1,560,932

)

Software, net

 

$

1,021,540

 

 

$

1,006,451

Schedule of Estimated Future Amortization Expense

The following is a schedule of estimated future amortization expense of software at October 31, 2016:


Year Ending April 30,

 

 

 

2017

 

$

198,363

 

2018

 

 

317,445

 

2019

 

 

234,272

 

2020

 

 

164,430

 

2021

 

 

107,030

 

Total

 

$

1,021,540