| 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 October 31, 2018 and AprilÌý30, 2018:
|
|
|
|
|
|
|
|
|
Ìý |
Ìý
|
October 31,
|
Ìý
|
Ìý
|
April 30,
|
Ìý
|
|
Ìý
|
Ìý
|
2018
|
Ìý
|
Ìý
|
2018
|
Ìý
|
|
Call center hardware
|
Ìý
|
$
|
166,051
|
Ìý
|
Ìý
|
$
|
140,509
|
Ìý
|
|
Computer and office equipment
|
Ìý
|
Ìý
|
294,419
|
Ìý
|
Ìý
|
Ìý
|
230,810
|
Ìý
|
|
Furniture and fixtures
|
Ìý
|
Ìý
|
1,271,536
|
Ìý
|
Ìý
|
Ìý
|
932,454
|
Ìý
|
|
Software
|
Ìý
|
Ìý
|
3,485,118
|
Ìý
|
Ìý
|
Ìý
|
2,878,753
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
5,217,124
|
Ìý
|
Ìý
|
Ìý
|
4,182,526
|
Ìý
|
|
Accumulated depreciation and amortization
|
Ìý
|
Ìý
|
(1,450,025
|
)
|
Ìý
|
Ìý
|
(1,320,360
|
)
|
|
Property and equipment, net
|
Ìý
|
$
|
3,767,099
|
Ìý
|
Ìý
|
$
|
2,862,166
|
Ìý
|
Software consisted of the following at October 31, 2018 and AprilÌý30, 2018:
|
|
|
|
|
|
|
|
|
Ìý |
Ìý
|
October 31,
|
Ìý
|
Ìý
|
April 30,
|
Ìý
|
|
Ìý
|
Ìý
|
2018
|
Ìý
|
Ìý
|
2018
|
Ìý
|
|
Software
|
Ìý
|
$
|
3,485,118
|
Ìý
|
Ìý
|
$
|
2,878,753
|
Ìý
|
|
Accumulated depreciation
|
Ìý
|
Ìý
|
(1,147,662
|
)
|
Ìý
|
Ìý
|
(1,146,008
|
)
|
|
Software, net
|
Ìý
|
$
|
2,337,456
|
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 six months ended October 31, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý |
Ìý |
For the
|
Ìý |
Ìý |
For the
|
Ìý |
Ìý |
Ìý |
Three Months Ended
October 31,
|
Ìý |
Ìý |
Six Months Ended
October 31,
|
Ìý |
Ìý |
Ìý |
2018
|
Ìý |
Ìý |
2017
|
Ìý |
Ìý |
2018
|
Ìý |
Ìý |
2017
|
Ìý |
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and Amortization Expense
|
Ìý
|
$
|
233,109
|
Ìý
|
Ìý
|
$
|
131,669
|
Ìý
|
Ìý
|
$
|
440,841
|
Ìý
|
Ìý
|
$
|
256,751
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
Ìý
|
Ìý |
Ìý
|
Ìý
|
|
Software Amortization Expense
|
Ìý
|
$
|
160,666
|
Ìý
|
Ìý
|
$
|
112,522
|
Ìý
|
Ìý
|
$
|
304,440
|
Ìý
|
Ìý
|
$
|
220,129
|
Ìý
|
The following is a schedule of estimated future amortization expense of software at October 31, 2018:
|
|
|
|
|
|
Year Ending April 30,
|
Ìý
|
Ìý
|
Ìý
|
|
2019
|
Ìý
|
$
|
339,823
|
Ìý
|
|
2020
|
Ìý
|
Ìý
|
630,841
|
Ìý
|
|
2021
|
Ìý
|
Ìý
|
553,378
|
Ìý
|
|
2022
|
Ìý
|
Ìý
|
460,380
|
Ìý
|
|
2023
|
Ìý |
Ìý |
300,139
|
Ìý |
|
Thereafter
|
Ìý
|
Ìý
|
52,895
|
Ìý
|
|
Total
|
Ìý
|
$
|
2,337,456
|
Ìý
|
|