丝瓜视频. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Apr. 30, 2018

Note 5. Property and Equipment

As property and equipment become fully expired, the fully expired asset is written off against the associated accumulated depreciation. There is no expense impact for such write offs. Property and equipment consisted of the following at April 30, 2018 and April 30, 2017:


	April 30,			April 30,
	2018			2017
Call center hardware	$	140,509		$	53,748
Computer and office equipment		230,810			103,649
Furniture and fixtures		932,454			255,984
Software		2,878,753			2,131,344
		4,182,526			2,544,725
Accumulated depreciation and amortization		(1,320,360	)		(1,090,010	)
Property and equipment, net	$	2,862,166		$	1,454,715

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


	April 30,			April 30,
	2018			2017
Software	$	2,878,753		$	2,131,344
Accumulated amortization		(1,146,008	)		(994,017	)
Software, net	$	1,732,745		$	1,137,327

Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented below for the years ended April 30, 2018 and 2017:


	For the
	Years Ended April 30,
	2018		2017

Depreciation and amortization Expense	$	578,244	$	498,476

Software amortization Expense	$	475,178	$	447,972

The following is a schedule of estimated future amortization expense of software at April 30, 2018:


Year Ending April 30,
2019	$	513,729
2020		443,886
2021		371,439
2022		281,966
2023		121,725
Total	$	1,732,745