丝瓜视频

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
 6 Months Ended
Oct. 31, 2019
Property, Plant and Equipment [Abstract] 听
Property and Equipment Property and EquipmentAs property and equipment reach the end of their useful lives, 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 October听31, 2019 and April听30, 2019:
October 31,
2019		 April 30,
2019
Call center hardware $ 270,010听 听 $ 193,774听 听
Computer and office equipment 345,241听 听 327,621听 听
Furniture and fixtures 1,484,930听 听 1,381,271听 听
Software 5,178,944听 听 4,314,198听 听
7,279,125听 听 6,216,864听 听
Accumulated depreciation (2,296,365) 听 (1,825,524) 听
Property and equipment, net $ 4,982,760听 听 $ 4,391,340听 听
Software consisted of the following at October听31, 2019 and April听30, 2019:
October 31,
2019		 April 30,
2019
Software $ 5,178,944听 听 $ 4,314,198听 听
Accumulated depreciation (1,645,950) 听 (1,351,193) 听
Software, net $ 3,532,994听 听 $ 2,963,005听 听
Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three and six months ended October听31, 2019 and 2018:
Three Months Ended
October 31,		 Six Months Ended
October 31,
2019 2018 2019 2018
Depreciation and amortization expense $ 332,212听 听 $ 233,109听 听 $ 648,740听 听 $ 440,841听 听
Software amortization expense $ 242,797听 听 $ 160,666听 听 $ 463,250听 听 $ 304,440听 听
The following is a schedule of estimated future amortization expense of software at October听31, 2019:
Future Expense
2020 $ 507,808听 听
2021 960,396听 听
2022 870,922听 听
2023 710,683听 听
2024 421,401听 听
Thereafter 61,784听 听
Total $ 3,532,994听 听