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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.3.0.814
Property and Equipment (Tables)
 6 Months Ended
Oct. 31, 2015
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment

 

 

October 31,

 

 

April 30,

 

 

 

2015

 

 

2015

 

Call center hardware

 

$

132,798

 

 

$

132,798

 

Computer and office equipment

 

 

64,878

 

 

 

78,626

 

Furniture and fixtures

 

 

67,531

 

 

 

42,698

 

Library (online)

 

 

—

 

 

 

100,000

 

Software

 

 

2,421,204

 

 

 

2,244,802

 

 

 

 

2,686,411

 

 

 

2,598,924

 

Accumulated depreciation and amortization

 

 

(1,516,268

)

 

 

(1,387,876

)

Property and equipment, net

 

$

1,170,143

 

 

$

1,211,048

 
Schedule of Depreciation and Amortization Expense

 

 

 For the 

 

 

For the

 

 

 

 Three Months Ended
October 31,

 

 

Six Months Ended

October 31,

 

 

 

 2015

 

 

 2014

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization Expense

 

$ 

130,154

 

 

$ 

 109,845

 

 

$ 

254,925

 

 

$ 

215,240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software Amortization Expense

 

$ 

118,237

 

 

$ 

 100,224

 

 

$ 

232,069

 

 

$ 

196,201

 
Software [Member]  
Property, Plant and Equipment [Line Items]  
Schedule of Intangible Asset

 

 

October 31,

 

 

April 30,

 

 

 

2015

 

 

2015

 

Software

 

$

2,421,204

 

 

$

2,244,802

 

Accumulated amortization

 

 

(1,362,522

)

 

 

(1,130,453

)

Software, net

 

$

1,058,682

 

 

$

1,114,349

 
Schedule of Estimated Future Amortization Expense

Fiscal Year Ending April 30,

 

 

 

2016

 

$

241,275

 

2017

 

 

360,663

 

2018

 

 

227,628

 

2019

 

 

144,455

 

2020

 

 

84,661

 

Total

 

$

1,058,682