桃汁影院, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Oct. 31, 2016

Note 4. Property and Equipment

As property and equipment become fully expired, the fully expired asset is written off against the associated accumulated depreciation. There is no expense impact for such write offs. Property and equipment consisted of the following at October 31, 2016 and April 30, 2016:


	October 31,			April 30,
	2016			2016
Call center hardware	$	39,567		$	79,199
Computer and office equipment		80,171			67,773
Furniture and fixtures		216,652			114,964
Software		2,451,208			2,567,383
		2,787,598			2,829,319
Accumulated depreciation and amortization		(1,515,529	)		(1,680,687	)
Property and equipment, net	$	1,272,069		$	1,148,632

Software consisted of the following at October 31, 2016 and April 30, 2016:


	October 31,			April 30,
	2016			2016
Software	$	2,451,208		$	2,567,383
Accumulated amortization		(1,429,668	)		(1,560,932	)
Software, net	$	1,021,540		$	1,006,451

Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented below for three and six months ended October 31, 2016 and 2015:


	For the				For the
	Three Months Ended October 31,				Six Months Ended October 31,
	2016		2015		2016		2015

Depreciation and Amortization Expense	$	123,906	$	130,154	$	259,054	$	254,925

Software Amortization Expense	$	112,888	$	118,237	$	237,067	$	232,069

The following is a schedule of estimated future amortization expense of software at October 31, 2016:


Year Ending April 30,
2017	$	198,363
2018		317,445
2019		234,272
2020		164,430
2021		107,030
Total	$	1,021,540