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, 2023

Property, Plant and Equipment [Abstract]

听

As property and equipment reach the end of their useful lives, the fully expired assets are written off against the associated accumulated depreciation and amortization.

When assets are disposed of before reaching the end of their useful lives both the recorded cost of the fixed asset and the corresponding amount of accumulated depreciation is reversed. Any remaining difference between the two, net of proceeds, is recognized as either other income or expense. There was no expense impact for such write-offs for the three and nine months ended January听31, 2023 and 2022.

Software consisted of the following:


	January 31, 2023		April 30, 2022
Software	$	11,306,700听	$	10,285,096听
Accumulated amortization	(6,596,730)		(5,170,943)
Software, net	$	4,709,970听	$	5,114,153听

Depreciation and amortization expense for property and equipment and software is summarized below:


	Three Months Ended January 31,				Nine Months Ended January 31,
	2023		2022		2023		2022
Depreciation and amortization expense:
Property and equipment, excluding software	$	417,044听	$	418,081听	$	1,281,521听	$	1,136,929听
Software	$	478,455听	$	443,284听	$	1,425,787听	$	1,283,088听