| Property and Equipment |
Note
4. Property and Equipment
Property
and equipment consisted of the following at July 31, 2016 and April 30, 2016:
|
|
|
|
|
|
|
|
|
|
|
July
31,
|
|
|
April
30,
|
|
|
|
|
2016
|
|
|
2016
|
|
|
Call
center hardware
|
|
$
|
33,731
|
|
|
$
|
79,199
|
|
|
Computer
and office equipment
|
|
|
73,674
|
|
|
|
67,773
|
|
|
Furniture
and fixtures
|
|
|
155,453
|
|
|
|
114,964
|
|
|
Software
|
|
|
2,321,367
|
|
|
|
2,567,383
|
|
|
|
|
|
2,584,225
|
|
|
|
2,829,319
|
|
|
Accumulated
depreciation and amortization
|
|
|
(1,391,623
|
)
|
|
|
(1,680,687
|
)
|
|
Property
and equipment, net
|
|
$
|
1,192,602
|
|
|
$
|
1,148,632
|
|
Software
consisted of the following at July 31, 2016 and April 30, 2016:
|
|
|
|
|
|
|
|
|
|
|
July
31,
|
|
|
April
30,
|
|
|
|
|
2016
|
|
|
2016
|
|
|
Software
|
|
$
|
2,321,367
|
|
|
$
|
2,567,383
|
|
|
Accumulated
amortization
|
|
|
(1,316,780
|
)
|
|
|
(1,560,932
|
)
|
|
Software,
net
|
|
$
|
1,004,587
|
|
|
$
|
1,006,451
|
|
Depreciation
and Amortization expense for all Property and Equipment as well as the portion for just software is presented below for three
months ended July 31, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
For
the
|
|
|
|
|
Three
Months Ended
July
31,
|
|
|
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
Depreciation
and Amortization Expense
|
|
|
135,147
|
|
|
|
124,770
|
|
|
|
|
|
|
|
|
|
|
|
|
Software
Amortization Expense
|
|
|
124,180
|
|
|
|
113,832
|
|
The following
is a schedule of estimated future amortization expense of software at July 31, 2016:
|
|
|
|
|
|
Year
Ending April 30,
|
|
|
|
|
2017
|
|
$
|
296,166
|
|
|
2018
|
|
|
291,477
|
|
|
2019
|
|
|
208,304
|
|
|
2020
|
|
|
138,462
|
|
|
2021
|
|
|
70,178
|
|
|
Total
|
|
$
|
1,004,587
|
|
|