Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.20.1
Property and Equipment (Tables)
 9 Months Ended
Jan. 31, 2020
Property, Plant and Equipment [Line Items]  
Property and Equipment Property and equipment consisted of the following at January 31, 2020 and April 30, 2019:
January 31,
2020		 April 30,
2019
Call center hardware $ 305,766    $ 193,774   
Computer and office equipment 396,898    327,621   
Furniture and fixtures 1,550,520    1,381,271   
Software 5,725,500    4,314,198   
7,978,684    6,216,864   
Accumulated depreciation (2,662,273)   (1,825,524)  
Property and equipment, net $ 5,316,411    $ 4,391,340   
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 and nine months ended January 31, 2020 and 2019:
Three Months Ended
January 31,		 Nine Months Ended
January 31,
2020 2019 2020 2019
Depreciation and amortization expense $ 364,504    $ 263,045    $ 1,012,548    $ 703,886   
Software amortization expense $ 265,146    $ 178,459    $ 728,395    $ 482,153   
Software  
Property, Plant and Equipment [Line Items]  
Schedule of Software
Software consisted of the following at January 31, 2020 and April 30, 2019:
January 31,
2020		 April 30,
2019
Software $ 5,725,500    $ 4,314,198   
Accumulated depreciation (1,911,096)   (1,351,193)  
Software, net $ 3,814,404    $ 2,963,005   
Future Amortization Expense
The following is a schedule of estimated future amortization expense of software at January 31, 2020:
Future Expense
Remainder of 2020 $ 278,959   
2021 1,069,707   
2022 980,233   
2023 819,994   
2024 530,712   
Thereafter 134,799   
Total $ 3,814,404