Property and Equipment

9 Months Ended

Jan. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

As property and equipment reach the end of their useful lives, the fully expired asset is written off against the associated accumulated depreciation. There is no expense impact for such write offs. Property and equipment consisted of the following at January 31, 2020 and April 30, 2019:

	January 31, 2020		April 30, 2019
Call center hardware	$	305,766	$	193,774
Computer and office equipment	396,898		327,621
Furniture and fixtures	1,550,520		1,381,271
Software	5,725,500		4,314,198
	7,978,684		6,216,864
Accumulated depreciation	(2,662,273)		(1,825,524)
Property and equipment, net	$	5,316,411	$	4,391,340

Software consisted of the following at January 31, 2020 and April 30, 2019:

	January 31, 2020		April 30, 2019
Software	$	5,725,500	$	4,314,198
Accumulated depreciation	(1,911,096)		(1,351,193)
Software, net	$	3,814,404	$	2,963,005

Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three and nine months ended January 31, 2020 and 2019:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2020		2019		2020		2019
Depreciation and amortization expense	$	364,504	$	263,045	$	1,012,548	$	703,886
Software amortization expense	$	265,146	$	178,459	$	728,395	$	482,153

The following is a schedule of estimated future amortization expense of software at January 31, 2020:

	Future Expense
Remainder of 2020	$	278,959
2021	1,069,707
2022	980,233
2023	819,994
2024	530,712
Thereafter	134,799
Total	$	3,814,404