兼职学生, Inc. 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, 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		$	1,894,215
Accumulated amortization		(816,801	)		(720,823	)
Software, net	$	1,158,839		$	1,173,392

The following is a schedule of estimated future amortization expense of software at July 31, 2014:


Year Ending April 30,
2015	$	296,346
2016		394,282
2017		271,550
2018		138,515
2019		58,146
Total	$	1,158,839