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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
 6 Months Ended
Oct. 31, 2019
Property, Plant and Equipment [Abstract] Ìý
Property and Equipment Property and EquipmentAs 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 OctoberÌý31, 2019 and AprilÌý30, 2019:
October 31,
2019		 April 30,
2019
Call center hardware $ 270,010Ìý Ìý $ 193,774Ìý Ìý
Computer and office equipment 345,241Ìý Ìý 327,621Ìý Ìý
Furniture and fixtures 1,484,930Ìý Ìý 1,381,271Ìý Ìý
Software 5,178,944Ìý Ìý 4,314,198Ìý Ìý
7,279,125Ìý Ìý 6,216,864Ìý Ìý
Accumulated depreciation (2,296,365) Ìý (1,825,524) Ìý
Property and equipment, net $ 4,982,760Ìý Ìý $ 4,391,340Ìý Ìý
Software consisted of the following at OctoberÌý31, 2019 and AprilÌý30, 2019:
October 31,
2019		 April 30,
2019
Software $ 5,178,944Ìý Ìý $ 4,314,198Ìý Ìý
Accumulated depreciation (1,645,950) Ìý (1,351,193) Ìý
Software, net $ 3,532,994Ìý Ìý $ 2,963,005Ìý Ìý
Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three and six months ended OctoberÌý31, 2019 and 2018:
Three Months Ended
October 31,		 Six Months Ended
October 31,
2019 2018 2019 2018
Depreciation and amortization expense $ 332,212Ìý Ìý $ 233,109Ìý Ìý $ 648,740Ìý Ìý $ 440,841Ìý Ìý
Software amortization expense $ 242,797Ìý Ìý $ 160,666Ìý Ìý $ 463,250Ìý Ìý $ 304,440Ìý Ìý
The following is a schedule of estimated future amortization expense of software at OctoberÌý31, 2019:
Future Expense
2020 $ 507,808Ìý Ìý
2021 960,396Ìý Ìý
2022 870,922Ìý Ìý
2023 710,683Ìý Ìý
2024 421,401Ìý Ìý
Thereafter 61,784Ìý Ìý
Total $ 3,532,994Ìý Ìý