91르적 Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

3 Months Ended

Jul. 31, 2016

Property and equipment:

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,