| 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 | |
|
| Amortization expense |
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 | |
|
| Schedule of estimated future amortization expense |
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 | |
|