Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
 6 Months Ended
Oct. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and EquipmentAs property and equipment reach the end of their useful lives, 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 October 31, 2019 and April 30, 2019:
October 31,
2019		 April 30,
2019
Call center hardware $ 270,010    $ 193,774   
Computer and office equipment 345,241    327,621   
Furniture and fixtures 1,484,930    1,381,271   
Software 5,178,944    4,314,198   
7,279,125    6,216,864   
Accumulated depreciation (2,296,365)   (1,825,524)  
Property and equipment, net $ 4,982,760    $ 4,391,340   
Software consisted of the following at October 31, 2019 and April 30, 2019:
October 31,
2019		 April 30,
2019
Software $ 5,178,944    $ 4,314,198   
Accumulated depreciation (1,645,950)   (1,351,193)  
Software, net $ 3,532,994    $ 2,963,005   
Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three and six months ended October 31, 2019 and 2018:
Three Months Ended
October 31,		 Six Months Ended
October 31,
2019 2018 2019 2018
Depreciation and amortization expense $ 332,212    $ 233,109    $ 648,740    $ 440,841   
Software amortization expense $ 242,797    $ 160,666    $ 463,250    $ 304,440   
The following is a schedule of estimated future amortization expense of software at October 31, 2019:
Future Expense
2020 $ 507,808   
2021 960,396   
2022 870,922   
2023 710,683   
2024 421,401   
Thereafter 61,784   
Total $ 3,532,994