| Property and Equipment |
Note 5. Property and Equipment
Property and equipment consisted of
the following at April 30, 2016 and April 30, 2015:
| |
|
April 30, |
|
|
April 30, |
|
| |
|
2016 |
|
|
2015 |
|
| Call center hardware |
|
$ |
79,199 |
|
|
$ |
132,798 |
|
| Computer and office equipment |
|
|
67,773 |
|
|
|
78,626 |
|
| Furniture and fixtures |
|
|
114,964 |
|
|
|
42,698 |
|
| Library (online) |
|
|
— |
|
|
|
100,000 |
|
| Software |
|
|
2,567,383 |
|
|
|
2,244,802 |
|
| |
|
|
2,829,319 |
|
|
|
2,598,924 |
|
| Accumulated depreciation and amortization |
|
|
(1,680,687 |
) |
|
|
(1,387,876 |
) |
| Property and equipment, net |
|
$ |
1,148,632 |
|
|
$ |
1,211,048 |
|
Software consisted of the following
at April 30, 2016 and April 30, 2015:
| |
|
April 30, |
|
|
April 30, |
|
| |
|
2016 |
|
|
2015 |
|
| Software |
|
$ |
2,567,383 |
|
|
$ |
2,244,802 |
|
| Accumulated amortization |
|
|
(1,560,932 |
) |
|
|
(1,130,453 |
) |
| Software, net |
|
$ |
1,006,451 |
|
|
$ |
1,114,349 |
|
Depreciation and Amortization expense
for all Property and Equipment as well as the portion for just software is presented below for the years ended April 30, 2016 and
2015:
| |
|
For the Years Ended |
|
| |
|
April 30, |
|
| |
|
2016 |
|
|
2015 |
|
| |
|
|
|
|
|
|
| Depreciation and Amortization Expense |
|
$ |
529,300 |
|
|
$ |
449,173 |
|
| |
|
|
|
|
|
|
|
|
| Software Amortization Expense |
|
$ |
481,230 |
|
|
$ |
409,630 |
|
The following is a schedule of estimated
future amortization expense of software at April 30, 2016:
| Year Ending April 30, |
|
|
|
| 2017 |
|
$ |
400,049 |
|
| 2018 |
|
|
267,014 |
|
| 2019 |
|
|
183,840 |
|
| 2020 |
|
|
113,997 |
|
| 2021 |
|
|
41,551 |
|
| Total |
|
$ |
1,006,451 |
|
|