Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.10.0.1
Property and Equipment (Tables)
 3 Months Ended
Jul. 31, 2018
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at July 31, 2018 and April 30, 2018:


 

 

July 31,

 

 

April 30,

 

 

 

2018

 

 

2018

 

Call center hardware

 

$

158,064

 

 

$

140,509

 

Computer and office equipment

 

 

257,069

 

 

 

230,810

 

Furniture and fixtures

 

 

1,186,979

 

 

 

932,454

 

Software

 

 

3,119,642

 

 

 

2,878,753

 

 

 

 

4,721,754

 

 

 

4,182,526

 

Accumulated depreciation

 

 

(1,331,565

)

 

 

(1,320,360

)

Property and equipment, net

 

$

3,390,189

 

 

$

2,862,166
Schedule of Depreciation and Amortization Expense

Depreciation expense for all Property and Equipment as well as the portion for just software is presented below for three months ended July 31, 2018 and 2017:


 

 

For the Three Months Ended

 

 

 

July 31,

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

Depreciation Expense

 

 

204,335

 

 

 

125,082

 

 

 

 

 

 

 

 

 

 

Software Depreciation Expense

 

 

143,774

 

 

 

107,607
Software [Member]  
Property, Plant and Equipment [Line Items]  
Schedule of Intangible Asset

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


 

 

July 31,

 

 

April 30,

 

 

 

2018

 

 

2018

 

Software

 

$

3,119,642

 

 

$

2,878,753

 

Accumulated depreciation

 

 

(1,093,254

)

 

 

(1,146,008

)

Software, net

 

$

2,026,388

 

 

$

1,732,745

 
Schedule of Estimated Future Amortization Expense

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


Year Ending April 30,

 

 

 

2019

 

$

457,438

 

2020

 

 

531,369

 

2021

 

 

458,923

 

2022

 

 

369,449

 

2023

 

 

209,209

 

Total

 

$

2,026,388