Quarterly report pursuant to sections 13 or 15(d)

Property and Equipment (Tables)

v2.4.0.8
Property and Equipment (Tables)
 3 Months Ended
Jul. 31, 2013
Property and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following at July 31, 2013 and April 30, 2013:


                 

 

 

July 31,

 

 

April 30,

 

 

 

2013

 

 

2013

 

Call center equipment

 

$

121,313

 

 

$

121,313

 

Computer and office equipment

 

 

64,336

 

 

 

61,036

 

Furniture and fixtures

 

 

32,914

 

 

 

32,914

 

Library (online)

 

 

100,000

 

 

 

100,000

 

Software

 

 

1,619,226

 

 

 

1,518,142

 

 

 

 

1,937,789

 

 

 

1,833,405

 

Accumulated depreciation and amortization

 

 

(648,629

)

 

 

(569,665

)

Property and equipment, net

 

$

1,289,160

 

 

$

1,263,740

 


Schedule of Software, net

Software consisted of the following at July 31, 2013 and April 30, 2013:


                 

 

 

July 31,

 

 

April 30,

 

 

 

2013

 

 

2013

 

Software

 

$

1,619,226

 

 

$

1,518,142

 

Accumulated amortization

 

 

(458,519

)

 

 

(386,599

)

Software, net

 

$

1,160,707

 

 

$

1,131,543

 


Schedule of estimated future amortization expense

The following is a schedule of estimated future amortization expense of software at July 31, 2013:


         

Year Ending April 30,

 

 

 

2014

 

$

242,884

 

2015

 

 

323,845

 

2016

 

 

322,999

 

2017

 

 

200,267

 

2018

 

 

70,712

 

Total

 

$

1,160,707