NOTE 4 – CAPITALIZED SOFTWARE

The Company’s intangible assets with finite lives consist of its capitalized BTX software costs, with estimated remaining economic useful lives of 3 years. For all periods presented, the Company’s identifiable intangible assets were subject to amortization. The gross carrying amounts and accumulated amortization related to the acquired intangible assets as of July 31, 2014 are as follows:

Capitalized Software at April 30, 2014, net	$	3,207,305
Additions acquired		833
Less: amortization expense		267,345
Capitalized Software at July 31, 2014, net	$	2,940,793

The Company incurred amortization expense associated with its finite-lived intangible assets of $267,000 and $0 for the three months ended July 31, 2014 and 2013, respectively.

The remaining amortization period of the Company’s capitalized software is approximately 2.75 years. Future amortization of all capitalized software is as follows:

	BTX Capitalized Software
Nine Months Ended April 30, 2015	$	802,035
Year Ended April 30, 2016		1,069,379
Year Ended April 30, 2017		1,069,379
Total	$	2,940,793