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

3 Months Ended

Jul. 31, 2018

Note 3. 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 July 31, 2018 and April 30, 2018:


	July 31,			April 30,
	2018			2018
Call center hardware	$	158,064		$	140,509
Computer and office equipment		257,069			230,810
Furniture and fixtures		1,186,979			932,454
Software		3,119,642			2,878,753
		4,721,754			4,182,526
Accumulated depreciation		(1,331,565	)		(1,320,360	)
Property and equipment, net	$	3,390,189		$	2,862,166

Software consisted of the following at July 31, 2018 and April 30, 2018:


	July 31,			April 30,
	2018			2018
Software	$	3,119,642		$	2,878,753
Accumulated depreciation		(1,093,254	)		(1,146,008	)
Software, net	$	2,026,388		$	1,732,745

Depreciation expense for all Property and Equipment as well as the portion for just software is presented below for three months ended July 31, 2018 and 2017:


	For the Three Months Ended
	July 31,
	2018		2017

Depreciation Expense		204,335		125,082

Software Depreciation Expense		143,774		107,607

The following is a schedule of estimated future amortization expense of software at July 31, 2018:


Year Ending April 30,
2019	$	457,438
2020		531,369
2021		458,923
2022		369,449
2023		209,209
Total	$	2,026,388