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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.8.0.1
Property and Equipment (Tables)
9 Months Ended
Jan. 31, 2018
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at January 31, 2018 and April 30, 2017:


 

 

January 31,

 

 

April 30,

 

 

 

2018

 

 

2017

 

Call center hardware

 

$

96,305

 

 

$

53,748

 

Computer and office equipment

 

 

130,137

 

 

 

103,649

 

Furniture and fixtures

 

 

712,209

 

 

 

255,984

 

Software

 

 

2,590,297

 

 

 

2,131,344

 

 

 

 

3,528,948

 

 

 

2,544,725

 

Accumulated depreciation and amortization

 

 

(1,161,030

)

 

 

(1,090,010

)

Property and equipment, net

 

$

2,367,918

 

 

$

1,454,715

 

Schedule of Depreciation and Amortization Expense

Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented below for three and nine months ended January 31, 2018 and 2017:


 

 

For the

 

 

For the

 

 

 

Three Months Ended

January 31,

 

 

Nine Months Ended

January 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization Expense

 

$

150,596

 

 

$

119,064

 

 

$

407,346

 

 

$

378,118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software amortization Expense

 

$

121,695

 

 

$

105,914

 

 

$

341,825

 

 

$

342,938

 

Schedule of Estimated Future Amortization Expense

The following is a schedule of estimated future amortization expense of software at January 31, 2018:


Year Ending April 30,

 

 

 

2018

 

$

127,811

 

2019

 

 

456,038

 

2020

 

 

386,196

 

2021

 

 

313,749

 

2022

 

 

293,848

 

Total

 

$

1,577,642

 

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

Software consisted of the following at January 31, 2018 and April 30, 2017:


 

 

January 31,

 

 

April 30,

 

 

 

2018

 

 

2017

 

Software

 

$

2,590,297

 

 

$

2,131,344

 

Accumulated amortization

 

 

(1,012,655

)

 

 

(994,017

)

Software, net

 

$

1,577,642

 

 

$

1,137,327