¹û¶³APP´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
6 Months Ended
Oct. 31, 2022
Property, Plant and Equipment [Abstract] Ìý
Property and Equipment Property and Equipment
As property and equipment reach the end of their useful lives, the fully expired assets are written off against the associated accumulated depreciation and amortization.
When assets are disposed of before reaching the end of their useful lives both the recorded cost of the fixed asset and the corresponding amount of accumulated depreciation is reversed. Any remaining difference between the two, net of proceeds, is recognized as either other income or expense. There was no expense impact for such write-offs for the three and six months ended OctoberÌý31, 2022 and 2021.
Software consisted of the following:
October 31,
2022
April 30,
2022
Software $ 10,990,705Ìý $ 10,285,096Ìý
Accumulated amortization (6,118,275) (5,170,943)
Software, net $ 4,872,430Ìý $ 5,114,153Ìý
Depreciation and amortization expense for property and equipment and software is summarized below:
Three Months Ended October 31, Six Months Ended October 31,
2022 2021 2022 2021
Depreciation and amortization expense:
Property and equipment, excluding software $ 435,552Ìý $ 367,475Ìý $ 864,477Ìý $ 718,848Ìý
Software $ 477,169Ìý $ 428,143Ìý $ 947,332Ìý $ 839,804Ìý