桃汁影院, Inc. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Oct. 31, 2013

Property and Equipment [Abstract]

Property and Equipment

Note 4. Property and Equipment

Property and equipment consisted of the following at October 31, 2013 and April 30, 2013:


	October 31,			April 30,
	2013			2013
Call center equipment	$	122,653		$	121,313
Computer and office equipment		64,336			61,036
Furniture and fixtures		32,914			32,914
Library (online)		100,000			100,000
Software		1,722,689			1,518,142
		2,042,592			1,833,405
Accumulated depreciation and amortization		(740,548	)		(569,665	)
Property and equipment, net	$	1,302,044		$	1,263,740

Depreciation and amortization expense for the three months ended October 31, 2013 and October 31, 2012 was $92,190 and $70,527, respectively. Depreciation and amortization expense for the six months ended October 31, 2013 and October 31, 2012 was $170,884 and $133,520, respectively.

Amortization expense for software, included in the above amounts, for the three months ended October 31, 2013 and October 31, 2012 was $82,729 and $62,578, respectively. Amortization expense for software, included in the above amounts, for the six months ended October 31, 2013 and October 31, 2012 was $154,648 and $117,790, respectively. Software consisted of the following at October 31, 2013 and April 30, 2013:


	October 31,			April 30,
	2013			2013
Software	$	1,722,689		$	1,518,142
Accumulated amortization		(541,247	)		(386,599	)
Software, net	$	1,181,442		$	1,131,543

The following is a schedule of estimated future amortization expense of software at October 31, 2013:


Year Ending April 30,
2014	$	172,269
2015		344,538
2016		343,692
2017		220,960
2018		99,983
Total	$	1,181,442