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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v2.4.1.9
Property and Equipment (Tables)
9 Months Ended
Jan. 31, 2015
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at January 31, 2015 and April 30, 2014:

 

                   
    January 31,   April 30,  
    2015   2014  

Call center hardware

   $ 132,798   $ 122,653  

Computer and office equipment

    73,286     66,118  

Furniture and fixtures

    42,698     36,446  

Library (online)

    100,000     100,000  

Software

    2,147,783     1,894,215  
      2,496,565     2,219,432  

Accumulated depreciation and amortization

    (1,268,502)     (938,703)  

Property and equipment, net

  $ 1,228,063   $ 1,280,729  

 

Software [Member]  
Property, Plant and Equipment [Line Items]  
Schedule of Intangible Asset

Software consisted of the following at January 31, 2015 and April 30, 2014:

 

                   
   

January 31,

  April 30,  
    2015   2014  

Software

  $ 2,147,783   $ 1,894,215  

Accumulated amortization

    (1,021,466)     (720,823)  

Software, net

  $ 1,126,317   $ 1,173,392  

 

Schedule of Depreciation and Amortization Expense

Amortization expense for all Property and Equipment as well as the portion for just software is presented for the three and nine months ended January 31, 2015 and 2014:

 

  For the   For the
  Three Months Ended   Nine Months Ended
  January 31,   January 31,
  2015   2014   2015   2014
                       

Depreciation and Amortization Expense


114,559  
96,879  
329,799  
267,762
                       

Software Amortization Expense

  104,441     87,610     300,642     242,259
                       
Schedule of Estimated Future Amortization Expense

The following is a schedule of estimated future amortization expense of software at January 31, 2015:

 

         

Year Ending April 30,

   

2015

  $ 107,389  

2016

    428,711  

2017

    305,979  

2018

    172,944  

2019

    111,294  

Total

  $ 1,126,317