| Property and Equipment |
Note 3. Property and Equipment
As 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 July 31, 2019 and April 30, 2019:
|
|
|
|
|
|
|
|
|
Ìý |
Ìý |
July 31,
|
Ìý |
Ìý |
April 30,
|
Ìý |
Ìý |
Ìý |
2019
|
Ìý |
Ìý |
2019
|
Ìý |
|
Call center hardware
|
Ìý
|
$
|
245,715
|
Ìý
|
Ìý
|
$
|
193,774
|
Ìý
|
|
Computer and office equipment
|
Ìý
|
Ìý
|
330,267
|
Ìý
|
Ìý
|
Ìý
|
327,621
|
Ìý
|
|
Furniture and fixtures
|
Ìý
|
Ìý
|
1,430,349
|
Ìý
|
Ìý
|
Ìý
|
1,381,271
|
Ìý
|
|
Software
|
Ìý
|
Ìý
|
4,765,597
|
Ìý
|
Ìý
|
Ìý
|
4,314,198
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
6,771,928
|
Ìý
|
Ìý
|
Ìý
|
6,216,864
|
Ìý
|
|
Accumulated depreciation
|
Ìý |
Ìý
|
(2,083,277
|
)
|
Ìý
|
Ìý
|
(1,825,524
|
)
|
|
Property and equipment, net
|
Ìý
|
$
|
4,688,651
|
Ìý
|
Ìý
|
$
|
4,391,340
|
Ìý
|
Software consisted of the following at July 31, 2019 and April 30, 2019:
|
|
|
|
|
|
|
|
|
Ìý |
Ìý |
July 31,
2019
|
Ìý |
Ìý |
April 30,
2019
|
Ìý |
|
Software
|
Ìý
|
$
|
4,765,597
|
Ìý
|
Ìý
|
$
|
4,314,198
|
Ìý
|
|
Accumulated depreciation
|
Ìý
|
Ìý
|
(1,517,765
|
)
|
Ìý
|
Ìý
|
(1,351,193
|
)
|
|
Software, net
|
Ìý
|
$
|
3,247,832
|
Ìý
|
Ìý
|
$
|
2,963,005
|
Ìý
|
Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three months ended July 31, 2019 and 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Three Months Ended
July 31,
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
2019
|
Ìý |
Ìý |
2018
|
Ìý |
|
Depreciation and amortization Expense
|
Ìý
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
Ìý
|
$
|
312,432
|
Ìý |
Ìý |
$
|
204,335
|
Ìý |
|
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Software amortization Expense
|
Ìý
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
Ìý
|
$
|
170,189
|
Ìý |
Ìý |
$
|
143,774
|
Ìý |
Ìý
The following is a schedule of estimated future amortization expense of software at July 31, 2019:
|
|
|
|
|
|
Year Ending July 31,
|
Ìý |
Future Expense
|
Ìý |
|
2020
|
Ìý
|
$
|
689,009
|
Ìý
|
|
2021
|
Ìý |
Ìý |
854,804
|
Ìý |
|
2022
|
Ìý
|
Ìý
|
765,330
|
Ìý
|
|
2023
|
Ìý
|
Ìý
|
605,091
|
Ìý
|
|
2024
|
Ìý |
Ìý |
315,809
|
Ìý |
|
Thereafter
|
Ìý
|
Ìý
|
17,789
|
Ìý
|
|
Total
|
Ìý
|
$
|
3,247,832 |
|