桃汁影院, Inc. Transition report pursuant to Rule 13a-10 or 15d-10

Transition report pursuant to Rule 13a-10 or 15d-10

Property and Equipment

Property and Equipment

4 Months Ended

Apr. 30, 2013

Property and equipment:

5. Property and Equipment

Note 5. Property and Equipment

Property and equipment consisted of the following at April 30, 2013 and December 31, 2012 and 2011:


	April 30,			December 31,
	2013			2012			2011
Call center equipment	$	121,313		$	121,313		$	121,313
Computer and office equipment		61,036			45,718			38,577
Furniture and fixtures		32,914			11,336			-
Library (online)		100,000			100,000			100,000
Software		1,518,142			1,388,824			927,455
Vehicle		-			-			39,736
		1,833,405			1,667,191			1,227,081
Accumulated depreciation and amortization		(569,665	)		(455,871	)		(229,972	)
Property and equipment, net	$	1,263,740		$	1,211,320		$	997,109

Depreciation and amortization expense for the four months ended April 30, 2013 and 2012 (unaudited) and for the years ended December 31, 2012 and 2011 was $113,794, $73,718, $256,363 and $85,662, respectively. Accumulated depreciation amounted to $569,665, $455,871 and $229,972 as of April 30, 2013, December 31, 2012 and 2011, respectively.

Amortization expense for software, included in the above amounts, for the four months ended April 30, 2013 and 2012 (unaudited) and for the years ended December 31, 2012 and 2011 was $99,855, $64,192, $226,454 and $60,290, respectively. Software consisted of the following at April 30, 2013, December 31, 2012 and 2011:


	April 30,			December 31,
	2013			2012			2011
Software	$	1,518,142		$	1,388,824		$	927,455
Accumulated amortization		(386,599	)		(286,744	)		(60,290	)
Software, net	$	1,131,543		$	1,102,080		$	867,165

Estimated future amortization expense of software as of April 30, 2013, is as follows:


Year Ending April 30,
2014	$	303,629
2015		303,629
2016		302,782
2017		180,050
2018		41,453
Total	$	1,131,543