Aspen Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Jan. 31, 2018

Note 3. Property and Equipment

As property and equipment become fully expired, the fully expired asset is written off against the associated accumulated depreciation. There is no expense impact for such write offs. Property and equipment consisted of the following at January 31, 2018 and April 30, 2017:


	January 31,			April 30,
	2018			2017
Call center hardware	$	96,305		$	53,748
Computer and office equipment		130,137			103,649
Furniture and fixtures		712,209			255,984
Software		2,590,297			2,131,344
		3,528,948			2,544,725
Accumulated depreciation and amortization		(1,161,030	)		(1,090,010	)
Property and equipment, net	$	2,367,918		$	1,454,715

Software consisted of the following at January 31, 2018 and April 30, 2017:


	January 31,			April 30,
	2018			2017
Software	$	2,590,297		$	2,131,344
Accumulated amortization		(1,012,655	)		(994,017	)
Software, net	$	1,577,642		$	1,137,327

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, 2018 and 2017:


	For the				For the
	Three Months Ended January 31,				Nine Months Ended January 31,
	2018		2017		2018		2017

Depreciation and amortization Expense	$	150,596	$	119,064	$	407,346	$	378,118

Software amortization Expense	$	121,695	$	105,914	$	341,825	$	342,938

The following is a schedule of estimated future amortization expense of software at January 31, 2018:


Year Ending April 30,
2018	$	127,811
2019		456,038
2020		386,196
2021		313,749
2022		293,848
Total	$	1,577,642