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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.20.2
Property and Equipment (Tables)
 3 Months Ended
Jul. 31, 2020
Property, Plant and Equipment [Line Items] Ìý
Property and Equipment
Property and equipment consisted of the following at JulyÌý31, 2020 and AprilÌý30, 2020:
July 31,
2020		 April 30,
2020
Computer equipment and hardware $ 690,114Ìý $ 649,927Ìý
Furniture and fixtures 1,007,099Ìý 1,007,099Ìý
Leasehold improvements 892,279Ìý 867,024Ìý
Instructional equipment 301,842Ìý 301,842Ìý
Software 6,792,594Ìý 6,162,770Ìý
9,683,928Ìý 8,988,662Ìý
Accumulated depreciation and amortization (3,314,448) (2,841,019)
Property and equipment, net $ 6,369,480Ìý $ 6,147,643Ìý
Depreciation and Amortization Expense
Depreciation and amortization expense for property and equipment as well as the portion for just software amortization is presented below for the three months ended JulyÌý31, 2020 and 2019:
Three Months Ended
July 31,
2020 2019
Depreciation and amortization expense $ 478,677Ìý $ 312,432Ìý
Software amortization expense $ 315,107Ìý $ 170,189Ìý
Software Ìý
Property, Plant and Equipment [Line Items] Ìý
Schedule of Software
Software consisted of the following at JulyÌý31, 2020 and AprilÌý30, 2020:
July 31,
2020		 April 30,
2020
Software $ 6,792,594Ìý $ 6,162,770Ìý
Accumulated amortization (2,365,847) (2,049,809)
Software, net $ 4,426,747Ìý $ 4,112,961Ìý
Future Amortization Expense
The following is a schedule of estimated future amortization expense of software at JulyÌý31, 2020 (by fiscal year):
Future Expense
2021 (remaining) $ 977,172Ìý
2022 1,223,745Ìý
2023 1,062,864Ìý
2024 775,078Ìý
2025 363,858Ìý
Thereafter 24,030Ìý
Total $ 4,426,747Ìý