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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v2.4.0.8
Property and Equipment (Tables)
 3 Months Ended
Jul. 31, 2014
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at July 31, 2014 and April 30, 2014:


                 

 

 

July 31,

 

 

April 30,

 

 

 

2014

 

 

2014

 

Call center hardware

 

$

122,653

 

 

$

122,653

 

Computer and office equipment

 

 

67,561

 

 

 

66,118

 

Furniture and fixtures

 

 

36,447

 

 

 

36,446

 

Library (online)

 

 

100,000

 

 

 

100,000

 

Software

 

 

1,975,640

 

 

 

1,894,215

 

 

 

 

2,302,301

 

 

 

2,219,432

 

Accumulated depreciation and amortization

 

 

(1,044,098

)

 

 

(938,703

)

Property and equipment, net

 

$

1,258,203

 

 

$

1,280,729

 


Software [Member]
  
Property, Plant and Equipment [Line Items]  
Schedule of Intangible Asset

Software consisted of the following at July 31, 2014 and April 30, 2014:


                 

 

 

July 31,

 

 

April 30,

 

 

 

2014

 

 

2014

 

Software

 

$

1,975,640

 

 

$

1,894,215

 

Accumulated amortization

 

 

(816,801

)

 

 

(720,823

)

Software, net

 

$

1,158,839

 

 

$

1,173,392

 


Schedule of Estimated Future Amortization Expense

The following is a schedule of estimated future amortization expense of software at July 31, 2014:


         

Year Ending April 30,

 

 

 

2015

 

$

296,346

 

2016

 

 

394,282

 

2017

 

 

271,550

 

2018

 

 

138,515

 

2019

 

 

58,146

 

Total

 

$

1,158,839