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Post-effective amendment to a registration statement that is not immediately effective upon filing

Property and Equipment

v2.4.0.8
Property and Equipment
 3 Months Ended 12 Months Ended
Jul. 31, 2014
Apr. 30, 2014
Property and Equipment [Abstract]    
Property and Equipment

Note 4. Property and Equipment


Property and equipment consisted of the following at July 31, 2014 and April 30, 2014:


                 

 

 

July 31,

 

 

April 30,

 

 

 

2014

 

 

2014

 

Call center hardware

 

$

122,653

 

 

$

122,653

 

Computer and office equipment

 

 

67,561

 

 

 

66,118

 

Furniture and fixtures

 

 

36,447

 

 

 

36,446

 

Library (online)

 

 

100,000

 

 

 

100,000

 

Software

 

 

1,975,640

 

 

 

1,894,215

 

 

 

 

2,302,301

 

 

 

2,219,432

 

Accumulated depreciation and amortization

 

 

(1,044,098

)

 

 

(938,703

)

Property and equipment, net

 

$

1,258,203

 

 

$

1,280,729

 


Depreciation and amortization expense for the three months ended July 31, 2014 and 2013 were $105,395 and $78,694, respectively.


Amortization expense for software, included in the above amounts, for the three months ended July 31, 2014, and 2013 was $95,977 and $71,920, respectively. Software consisted of the following at July 31, 2014 and April 30, 2014:


                 

 

 

July 31,

 

 

April 30,

 

 

 

2014

 

 

2014

 

Software

 

$

1,975,640