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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.2.0.727
Property and Equipment (Tables)
 3 Months Ended
Jul. 31, 2015
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

 

 

July 31,

 

 

April 30,

 

 

 

2015

 

 

2015

 

Call center hardware

 

$

132,798

 

 

$

132,798

 

Computer and office equipment

 

 

85,013

 

 

 

78,626

 

Furniture and fixtures

 

 

50,420

 

 

 

42,698

 

Library (online)

 

 

100,000

 

 

 

100,000

 

Software

 

 

2,336,196

 

 

 

2,244,802

 

 

 

 

2,704,427

 

 

 

2,598,924

 

Accumulated depreciation and amortization

 

 

(1,512,646

)

 

 

(1,387,876

)

Property and equipment, net

 

$

1,191,781

 

 

$

1,211,048

 
Schedule of Depreciation and Amortization Expense

 

 

 

 

 

For the

 

 

 

 

 

 

Three Months Ended

July 31,

 

 

 

 

 

 

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization Expense

 

 

 

 

 

 

 

 

 

 

124,770

 

 

 

105,395

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software Amortization Expense

 

 

 

 

 

 

 

 

 

 

113,832

 

 

 

95,977

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

 

 

July 31,

 

 

April 30,

 

 

 

2015

 

 

2015

 

Software

 

$

2,336,196

 

 

$

2,244,802

 

Accumulated amortization

 

 

(1,244,285

)

 

 

(1,130,453

)

Software, net

 

$

1,091,911

 

 

$

1,114,349

 
Schedule of Estimated Future Amortization Expense

Year Ending April 30,

 

 

 

2016

 

$

349,584

 

2017

 

 

343,661

 

2018

 

 

210,626

 

2019

 

 

127,453

 

2020

 

 

60,587

 

Total

 

$

1,091,911