| Property and Equipment |
Note 5. Property and Equipment
Property and equipment consisted of the following at April 30, 2015 and 2014:
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April 30,
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2015
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2014
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Call center hardware
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$ |
132,798 |
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$ |
122,653 |
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Computer and office equipment
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78,626 |
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66,118 |
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Furniture and fixtures
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42,698 |
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36,446 |
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Library (online)
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100,000 |
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100,000 |
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Software
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2,244,802 |
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1,894,215 |
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2,598,924 |
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2,219,432 |
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Accumulated depreciation and amortization
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(1,387,876 |
) |
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(938,703 |
) |
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Property and equipment, net
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$ |
1,211,048 |
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$ |
1,280,729 |
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Software consisted of the following at April 30, 2015 and 2014:
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April 30,
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2015
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2014
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Software
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$ |
2,244,802 |
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$ |
1,894,215 |
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Accumulated amortization
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(1,130,453 |
) |
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(720,823 |
) |
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Software, net
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$ |
1,114,349 |
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$ |
1,173,392 |
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Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented for years ended April 30, 2015 and 2014:
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For the Years Ended
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April 30,
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2015
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2014
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Depreciation and Amortization Expense
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$ |
449,173 |
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$ |
369,039 |
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Software Amortization Expense
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$ |
409,630 |
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$ |
334,224 |
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The following is a schedule of estimated future software amortization expense of software at April 30, 2015:
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Year Ending April 30,
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2016
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$ |
299,307 |
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2017
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388,670 |
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2018
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222,506 |
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2019
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136,544 |
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2020
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67,322 |
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Total
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$ |
1,114,349 |
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