Property and Equipment

12 Months Ended

Apr. 30, 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 assets are written off against the associated accumulated depreciation and amortization. There is no expense impact for such write offs.

Property and equipment consisted of the following at April 30, 2020 and April 30, 2019:

	April 30,
	2020		2019
Computer equipment and hardware	$	649,927	$	521,395
Furniture and fixtures	1,007,099		915,936
Leasehold improvements	867,024		204,545
Instructional equipment	301,842		260,790
Software	6,162,770		4,314,198
	8,988,662		6,216,864
Accumulated depreciation and amortization	(2,841,019)		(1,825,524)
Property and equipment, net	$	6,147,643	$	4,391,340

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

	April 30,
	2020		2019
Software	$	6,162,770	$	4,314,198
Accumulated amortization	(2,049,809)		(1,351,193)
Software, net	$	4,112,961	$	2,963,005

Depreciation and amortization expense for all Property and Equipment as well as the portion for just software is presented below for the years ended April 30, 2020 and 2019:

	Years Ended April 30,
	2020		2019
Depreciation and amortization expense	$	1,497,470	$	1,002,347
Software amortization expense	$	1,013,466	$	684,871

The following is a schedule of estimated future amortization expense of software at April 30, 2020:

Year Ending April 30,
2021	$	1,203,497
2022	1,109,903
2023	942,271
2024	639,618
Thereafter	217,672
Total	$	4,112,961