Property and Equipment (Tables)
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9 Months Ended |
Jan. 31, 2020 |
|---|
| Property, Plant and Equipment [Line Items] |
Ìý
|
| Property and Equipment |
Property and equipment consisted of the following at JanuaryÌý31, 2020 and AprilÌý30, 2019:
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January 31,
2020 |
|
April 30,
2019 |
| Call center hardware |
$ |
305,766Ìý |
Ìý |
|
$ |
193,774Ìý |
Ìý |
| Computer and office equipment |
396,898Ìý |
Ìý |
|
327,621Ìý |
Ìý |
| Furniture and fixtures |
1,550,520Ìý |
Ìý |
|
1,381,271Ìý |
Ìý |
| Software |
5,725,500Ìý |
Ìý |
|
4,314,198Ìý |
Ìý |
|
7,978,684Ìý |
Ìý |
|
6,216,864Ìý |
Ìý |
| Accumulated depreciation |
(2,662,273) |
Ìý |
|
(1,825,524) |
Ìý |
| Property and equipment, net |
$ |
5,316,411Ìý |
Ìý |
|
$ |
4,391,340Ìý |
Ìý |
|
| Depreciation and Amortization Expense |
Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three and nine months ended JanuaryÌý31, 2020 and 2019:
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Three Months Ended
January 31, |
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Nine Months Ended
January 31, |
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|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Depreciation and amortization expense |
$ |
364,504Ìý |
Ìý |
|
$ |
263,045Ìý |
Ìý |
|
$ |
1,012,548Ìý |
Ìý |
|
$ |
703,886Ìý |
Ìý |
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| Software amortization expense |
$ |
265,146Ìý |
Ìý |
|
$ |
178,459Ìý |
Ìý |
|
$ |
728,395Ìý |
Ìý |
|
$ |
482,153Ìý |
Ìý |
|
| Software |
Ìý
|
| Property, Plant and Equipment [Line Items] |
Ìý
|
| Schedule of Software |
Software consisted of the following at JanuaryÌý31, 2020 and AprilÌý30, 2019:
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January 31,
2020 |
|
April 30,
2019 |
| Software |
$ |
5,725,500Ìý |
Ìý |
|
$ |
4,314,198Ìý |
Ìý |
| Accumulated depreciation |
(1,911,096) |
Ìý |
|
(1,351,193) |
Ìý |
| Software, net |
$ |
3,814,404Ìý |
Ìý |
|
$ |
2,963,005Ìý |
Ìý |
|
| Future Amortization Expense |
The following is a schedule of estimated future amortization expense of software at JanuaryÌý31, 2020:
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Future Expense |
| Remainder of 2020 |
|
$ |
278,959Ìý |
Ìý |
| 2021 |
|
1,069,707Ìý |
Ìý |
| 2022 |
|
980,233Ìý |
Ìý |
| 2023 |
|
819,994Ìý |
Ìý |
| 2024 |
|
530,712Ìý |
Ìý |
| Thereafter |
|
134,799Ìý |
Ìý |
| Total |
|
$ |
3,814,404Ìý |
Ìý |
|