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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
 6 Months Ended
Oct. 31, 2021
Property, Plant and Equipment [Abstract] Ìý
Property and Equipment Property and Equipment
As property and equipment reach the end of their useful lives, the fully expired assets are written off against the associated accumulated depreciation and amortization.
When assets are disposed of before reaching the end of their useful lives both the recorded cost of the fixed asset and the corresponding amount of accumulated depreciation is reversed. Any remaining difference between the two is recognized as either other income or expense.
Software consisted of the following:
October 31,
2021		 April 30,
2021
Software $ 9,386,352Ìý $ 8,488,635Ìý
Accumulated amortization (4,284,129) (3,444,325)
Software, net $ 5,102,223Ìý $ 5,044,310Ìý
Depreciation and amortization expense for property and equipment and software is summarized below:
Three Months Ended October 31, Six Months Ended October 31,
2021 2020 2021 2020
Depreciation and amortization expense:
Property and equipment, excluding software $ 367,475Ìý $ 164,204Ìý $ 718,848Ìý $ 327,774Ìý
Software $ 428,143Ìý $ 346,653Ìý $ 839,804Ìý $ 661,760Ìý