Property and Equipment

6 Months Ended

Oct. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and EquipmentAs 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 October 31, 2019 and April 30, 2019:

	October 31, 2019		April 30, 2019
Call center hardware	$	270,010	$	193,774
Computer and office equipment	345,241		327,621
Furniture and fixtures	1,484,930		1,381,271
Software	5,178,944		4,314,198
	7,279,125		6,216,864
Accumulated depreciation	(2,296,365)		(1,825,524)
Property and equipment, net	$	4,982,760	$	4,391,340

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

	October 31, 2019		April 30, 2019
Software	$	5,178,944	$	4,314,198
Accumulated depreciation	(1,645,950)		(1,351,193)
Software, net	$	3,532,994	$	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 six months ended October 31, 2019 and 2018:

	Three Months Ended October 31,				Six Months Ended October 31,
	2019		2018		2019		2018
Depreciation and amortization expense	$	332,212	$	233,109	$	648,740	$	440,841
Software amortization expense	$	242,797	$	160,666	$	463,250	$	304,440

The following is a schedule of estimated future amortization expense of software at October 31, 2019:

	Future Expense
2020	$	507,808
2021	960,396
2022	870,922
2023	710,683
2024	421,401
Thereafter	61,784
Total	$	3,532,994