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Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.7.0.1
Property and Equipment (Tables)
 12 Months Ended
Apr. 30, 2017
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

Property and equipment consisted of the following at April 30, 2017 and April 30, 2016:


 

 

April 30,

 

 

April 30,

 

 

 

2017

 

 

2016

 

Call center hardware

 

$

53,748

 

 

$

79,199

 

Computer and office equipment

 

 

103,649

 

 

 

67,773

 

Furniture and fixtures

 

 

255,984

 

 

 

114,964

 

Software

 

 

2,131,344

 

 

 

2,567,383

 

 

 

 

2,544,725

 

 

 

2,829,319

 

Accumulated depreciation and amortization

 

 

(1,090,010

)

 

 

(1,680,687

)

Property and equipment, net

 

$

1,454,715

 

 

$

1,148,632

 
Schedule of Depreciation and Amortization Expense

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, 2017 and 2016:


 

 

For the Years Ended

 

 

 

April 30,

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

Depreciation and Amortization Expense

 

$

498,476

 

 

$

529,300

 

 

 

 

 

 

 

 

 

 

Software Amortization Expense

 

$

447,972

 

 

$

481,230

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

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


 

 

April 30,

 

 

April 30,

 

 

 

2017

 

 

2016

 

Software

 

$

2,131,344

 

 

$

2,567,383

 

Accumulated amortization

 

 

(994,017

)

 

 

(1,560,932

)

Software, net

 

$

1,137,327

 

 

$

1,006,451

 
Schedule of Estimated Future Amortization Expense

The following is a schedule of estimated future amortization expense of software at April 30, 2017:


Year Ending April 30,

 

 

 

2018

 

$

382,783

 

2019

 

 

299,610

 

2020

 

 

229,768

 

2021

 

 

157,321

 

2022

 

 

67,845

 

Total

 

$

1,137,327