Property and Equipment (Tables)

3 Months Ended

4 Months Ended

Jul. 31, 2013

Apr. 30, 2013

Property And Equipment [Abstract]

Property and equipment

Property and equipment consisted of the following at July 31, 2013 and April 30, 2013:

	July 31,			April 30,
	2013			2013
Call center equipment	$	121,313		$	121,313
Computer and office equipment		64,336			61,036
Furniture and fixtures		32,914			32,914
Library (online)		100,000			100,000
Software		1,619,226			1,518,142
		1,937,789			1,833,405
Accumulated depreciation and amortization		(648,629	)		(569,665	)
Property and equipment, net	$	1,289,160		$	1,263,740

Property and equipment consisted of the following at April 30, 2013 and December 31, 2012 and 2011:

	April 30,			December 31,
	2013			2012			2011
Call center equipment	$	121,313		$	121,313		$	121,313
Computer and office equipment		61,036			45,718			38,577
Furniture and fixtures		32,914			11,336			-
Library (online)		100,000			100,000			100,000
Software		1,518,142			1,388,824			927,455
Vehicle		-			-			39,736
		1,833,405			1,667,191			1,227,081
Accumulated depreciation and amortization		(569,665	)		(455,871	)		(229,972	)
Property and equipment, net	$	1,263,740		$	1,211,320		$	997,109

Amortization expense

Software consisted of the following at July 31, 2013 and April 30, 2013:

	July 31,			April 30,
	2013			2013
Software	$	1,619,226		$	1,518,142
Accumulated amortization		(458,519	)		(386,599	)
Software, net	$	1,160,707		$	1,131,543

Software consisted of the following at April 30, 2013, December 31, 2012 and 2011:

	April 30,			December 31,
	2013			2012			2011
Software	$	1,518,142		$	1,388,824		$	927,455
Accumulated amortization		(386,599	)		(286,744	)		(60,290	)
Software, net	$	1,131,543		$	1,102,080		$	867,165

Schedule of estimated future amortization expense

The following is a schedule of estimated future amortization expense of software at July 31, 2013:

Year Ending April 30,
2014	$	242,884
2015		323,845
2016		322,999
2017		200,267
2018		70,712
Total	$	1,160,707

Estimated future amortization expense of software as of April 30, 2013, is as follows:

Year Ending April 30,
2014	$	303,629
2015		303,629
2016		302,782
2017		180,050
2018		41,453
Total	$	1,131,543