Property and Equipment

9 Months Ended

Jan. 31, 2022

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.

When assets are disposed of before reaching the end of their useful lives both the recorded cost of the fixed asset and the corresponding amount of accumulated depreciation is reversed. Any remaining difference between the two is recognized as either other income or expense.

Software consisted of the following:

	January 31, 2022		April 30, 2021
Software	$	9,829,329	$	8,488,635
Accumulated amortization	(4,727,413)		(3,444,325)
Software, net	$	5,101,916	$	5,044,310

Depreciation and amortization expense for property and equipment and software is summarized below:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2022		2021		2022		2021
Depreciation and amortization expense:
Property and equipment, excluding software	$	418,081	$	158,110	$	1,136,929	$	490,868
Software	$	443,284	$	366,908	$	1,283,088	$	1,028,668