| Property and Equipment |
Note 4. Property and Equipment
Property and equipment consisted of the following at October 31, 2015 and April 30, 2015:
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October 31,
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April 30,
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2015
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2015
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Call center hardware
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$
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132,798
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$
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132,798
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Computer and office equipment
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64,878
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78,626
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Furniture and fixtures
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67,531
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42,698
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Library (online)
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—
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100,000
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Software
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2,421,204
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2,244,802
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2,686,411
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2,598,924
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Accumulated depreciation and amortization
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(1,516,268
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)
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(1,387,876
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)
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Property and equipment, net
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$
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1,170,143
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$
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1,211,048
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Software consisted of the following at October 31, 2015 and April 30, 2015:
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October 31,
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April 30,
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2015
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2015
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Software
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$
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2,421,204
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$
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2,244,802
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Accumulated amortization
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(1,362,522
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)
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(1,130,453
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)
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Software, net
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$
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1,058,682
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$
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1,114,349
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Amortization expense for all Property and Equipment as well as the portion for just software is presented below for the three and six months ended October 31, 2015 and 2014:
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For the
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For the
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Three Months Ended
October 31,
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Six Months Ended
October 31,
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2015
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2014
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2015
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2014
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Depreciation and Amortization Expense
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$
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130,154
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$
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109,845
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$
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254,925
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$
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215,240
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Software Amortization Expense
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$
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118,237
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$
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100,224
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$
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232,069
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$
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196,201
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The following is a schedule of estimated future amortization expense of software at October 31, 2015:
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Fiscal Year Ending April 30,
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2016
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$
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241,275
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2017
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360,663
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2018
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227,628
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2019
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144,455
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2020
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84,661
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Total
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$
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1,058,682
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