Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.19.2
Property and Equipment (Tables)
3 Months Ended
Jul. 31, 2019
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at July 31, 2019 and April 30, 2019:


 

 

July 31,

 

 

April 30,

 

 

 

2019

 

 

2019

 

Call center hardware

 

$

245,715

 

 

$

193,774

 

Computer and office equipment

 

 

330,267

 

 

 

327,621

 

Furniture and fixtures

 

 

1,430,349

 

 

 

1,381,271

 

Software

 

 

4,765,597

 

 

 

4,314,198

 

 

 

 

6,771,928

 

 

 

6,216,864

 

Accumulated depreciation

 

 

(2,083,277

)

 

 

(1,825,524

)

Property and equipment, net

 

$

4,688,651

 

 

$

4,391,340

 

Schedule of Depreciation and Amortization Expense

Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three months ended July 31, 2019 and 2018:


 

 

 

 

 

Three Months Ended

July 31,

 

 

 

 

 

 

 

 

 

2019

 

 

2018

 

Depreciation and amortization Expense

 

 

 

 

 

 

 

 

 

$

312,432

 

 

$

204,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software amortization Expense

 

 

 

 

 

 

 

 

 

$

170,189

 

 

$

143,774

 

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

Software consisted of the following at July 31, 2019 and April 30, 2019:


 

 

July 31,

2019

 

 

April 30,

2019

 

Software

 

$

4,765,597

 

 

$

4,314,198

 

Accumulated depreciation

 

 

(1,517,765

)

 

 

(1,351,193

)

Software, net

 

$

3,247,832

 

 

$

2,963,005

 

Schedule of Estimated Future Amortization Expense

The following is a schedule of estimated future amortization expense of software at July 31, 2019:


Year Ending July 31,

 

Future Expense

 

2020

 

$

689,009

 

2021

 

 

854,804

 

2022

 

 

765,330

 

2023

 

 

605,091

 

2024

 

 

315,809

 

Thereafter

 

 

17,789

 

Total

 

$

3,247,832