| Property and Equipment |
Note 4. Property and Equipment
Property and equipment consisted of the following at January
31, 2016 and April 30, 2015:
| |
|
|
|
|
|
|
|
|
| |
|
January 31, |
|
|
April 30, |
|
| |
|
2016 |
|
|
2015 |
|
| Call center hardware |
|
$ |
133,965 |
|
|
$ |
132,798 |
|
| Computer and office equipment |
|
|
69,772 |
|
|
|
78,626 |
|
| Furniture and fixtures |
|
|
70,021 |
|
|
|
42,698 |
|
| Library (online) |
|
|
— |
|
|
|
100,000 |
|
| Software |
|
|
2,515,703 |
|
|
|
2,244,802 |
|
| |
|
|
2,789,461 |
|
|
|
2,598,924 |
|
| Accumulated depreciation and amortization |
|
|
(1,651,352 |
) |
|
|
(1,387,876 |
) |
| Property and equipment, net |
|
$ |
1,138,109 |
|
|
$ |
1,211,048 |
|
Software consisted of the following at January 31, 2016 and
April 30, 2015:
| |
|
|
|
|
|
|
|
|
| |
|
January 31, |
|
|
April 30, |
|
| |
|
2016 |
|
|
2015 |
|
| Software |
|
$ |
2,515,703 |
|
|
$ |
2,244,802 |
|
| Accumulated amortization |
|
|
(1,485,141 |
) |
|
|
(1,130,453 |
) |
| Software, net |
|
$ |
1,030,562 |
|
|
$ |
1,114,349 |
|
Amortization expense 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, 2016 and 2015:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the |
|
|
For the |
|
| |
|
Three Months Ended
January 31,
|
|
|
Nine Months Ended
January 31,
|
|
| |
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization Expense |
|
|
135,084 |
|
|
|
114,559 |
|
|
|
390,010 |
|
|
|
329,799 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Software Amortization Expense |
|
|
122,619 |
|
|
|
104,441 |
|
|
|
354,688 |
|
|
|
300,642 |
|
The following is a schedule of estimated future amortization
expense of software at January 31, 2016:
| |
|
|
|
|
| Year Ending April 30, |
|
|
|
| 2016 |
|
$ |
124,939 |
|
| 2017 |
|
|
379,563 |
|
| 2018 |
|
|
246,527 |
|
| 2019 |
|
|
163,354 |
|
| 2020 |
|
|
116,179 |
|
| Total |
|
$ |
1,030,562 |
|
|