| Property and Equipment |
Note 4. Property and Equipment
Property and equipment consisted of the following at July 31, 2015 and April 30, 2015:
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July 31,
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April 30,
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2015
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2015
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Call center hardware
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$
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132,798
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$
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132,798
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Computer and office equipment
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85,013
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78,626
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Furniture and fixtures
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50,420
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42,698
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Library (online)
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100,000
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100,000
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Software
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2,336,196
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2,244,802
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2,704,427
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2,598,924
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Accumulated depreciation and amortization
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(1,512,646
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)
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(1,387,876
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)
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Property and equipment, net
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$
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1,191,781
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$
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1,211,048
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Software consisted of the following at July 31, 2015 and April 30, 2015:
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July 31,
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April 30,
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2015
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2015
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Software
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$
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2,336,196
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$
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2,244,802
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Accumulated amortization
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(1,244,285
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)
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(1,130,453
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)
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Software, net
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$
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1,091,911
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$
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1,114,349
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Amortization expense for all Property and Equipment as well as the portion for just software is presented for the three months ended July 31, 2015 and 2014:
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For the
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Three Months Ended
July 31,
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2015
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2014
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Depreciation and Amortization Expense
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124,770
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105,395
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Software Amortization Expense
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113,832
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95,977
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The following is a schedule of estimated future amortization expense of software at July 31, 2015:
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Year Ending April 30,
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2016
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$
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349,584
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2017
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343,661
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2018
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210,626
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2019
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127,453
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2020
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60,587
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Total
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$
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1,091,911
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