| Property and Equipment |
Note 3. Property and Equipment
As property and equipment reach the end of their useful lives, 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, 2019 and AprilÌý30, 2018:
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý
|
January 31,
|
Ìý
|
Ìý
|
April 30,
|
Ìý
|
|
Ìý
|
Ìý
|
2019
|
Ìý
|
Ìý
|
2018
|
Ìý
|
|
Call center hardware
|
Ìý
|
$
|
173,077
|
Ìý
|
Ìý
|
$
|
140,509
|
Ìý
|
|
Computer and office equipment
|
Ìý
|
Ìý
|
301,548
|
Ìý
|
Ìý
|
Ìý
|
230,810
|
Ìý
|
|
Furniture and fixtures
|
Ìý
|
Ìý
|
1,310,139
|
Ìý
|
Ìý
|
Ìý
|
932,454
|
Ìý
|
|
Software
|
Ìý
|
Ìý
|
3,869,750
|
Ìý
|
Ìý
|
Ìý
|
2,878,753
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
5,654,514
|
Ìý
|
Ìý
|
Ìý
|
4,182,526
|
Ìý
|
|
Accumulated depreciation
|
Ìý
|
Ìý
|
(1,622,908
|
)
|
Ìý
|
Ìý
|
(1,320,360
|
)
|
|
Property and equipment, net
|
Ìý
|
$
|
4,031,606
|
Ìý
|
Ìý
|
$
|
2,862,166
|
Ìý
|
Software consisted of the following at January 31, 2019 and AprilÌý30, 2018:
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý
|
January 31,
|
Ìý
|
Ìý
|
April 30,
|
Ìý
|
|
Ìý
|
Ìý
|
2019
|
Ìý
|
Ìý
|
2018
|
Ìý
|
|
Software
|
Ìý
|
$
|
3,869,750
|
Ìý
|
Ìý
|
$
|
2,878,753
|
Ìý
|
|
Accumulated depreciation
|
Ìý
|
Ìý
|
(1,235,213
|
)
|
Ìý
|
Ìý
|
(1,146,008
|
)
|
|
Software, net
|
Ìý
|
$
|
2,634,537
|
Ìý
|
Ìý
|
$
|
1,732,745
|
Ìý
|
Depreciation expense for all Property and Equipment as well as the portion for just software is presented below for the three and nine months ended January 31, 2019 and 2018:
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Ìý |
Ìý |
For the Three Months Ended
|
Ìý |
Ìý |
For the Nine Months Ended
|
Ìý |
Ìý |
Ìý |
January 31,
|
Ìý |
Ìý |
January 31,
|
Ìý |
Ìý |
Ìý |
2019
|
Ìý |
Ìý |
2018
|
Ìý |
Ìý |
2019
|
Ìý |
Ìý |
2018
|
Ìý |
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation Expense
|
Ìý
|
$
|
263,045
|
Ìý
|
Ìý
|
$
|
150,596
|
Ìý
|
Ìý
|
$
|
703,886
|
Ìý
|
Ìý
|
$
|
407,346
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
|
Software Depreciation Expense
|
Ìý
|
$
|
178,459
|
Ìý
|
Ìý
|
$
|
121,695
|
Ìý
|
Ìý
|
$
|
482,153
|
Ìý
|
Ìý
|
$
|
341,825
|
Ìý
|
The following is a schedule of estimated future amortization expense of software at January 31, 2019:
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|
|
|
|
Year Ending April Ìý30,
|
Ìý |
Ìý |
Ìý |
|
2019
|
Ìý
|
$
|
192,572
|
Ìý
|
|
2020
|
Ìý
|
Ìý
|
720,675
|
Ìý
|
|
2021
|
Ìý
|
Ìý
|
648,229
|
Ìý
|
|
2022
|
Ìý
|
Ìý
|
558,755
|
Ìý
|
|
2023
|
Ìý
|
Ìý
|
398,514
|
Ìý
|
|
Thereafter
|
Ìý
|
Ìý
|
115,792
|
Ìý
|
|
Total
|
Ìý
|
$
|
2,634,537
|
Ìý
|
|