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

9 Months Ended

Jan. 31, 2017

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 January 31, 2017 and April 30, 2016:


	January 31,			April 30,
	2017			2016
Call center hardware	$	33,794		$	79,199
Computer and office equipment		86,496			67,773
Furniture and fixtures		231,706			114,964
Software		2,091,660			2,567,383
		2,443,656			2,829,319
Accumulated depreciation and amortization		(1,107,836	)		(1,680,687	)
Property and equipment, net	$	1,335,820		$	1,148,632

Software consisted of the following at January 31, 2017 and April 30, 2016:


	January 31,			April 30,
	2017			2016
Software	$	2,091,660		$	2,567,383
Accumulated amortization		(1,027,210	)		(1,560,932	)
Software, net	$	1,064,450		$	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 nine months ended January 31, 2017 and 2016:


	For the				For the
	Three Months Ended January 31,				Nine Months Ended January 31,
	2017		2016		2017		2016

Depreciation and amortization Expense	$	119,064	$	135,084	$	378,118	$	390,010

Software amortization Expense	$	105,914	$	122,619	$	342,938	$	354,688

The following is a schedule of estimated future amortization expense of software at January 31, 2017:


Year Ending April 30,
2017	$	102,280
2018		347,210
2019		264,037
2020		194,195
2021		156,728
Total	$	1,064,450