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Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.20.4
Property and Equipment (Tables)
9 Months Ended
Jan. 31, 2021
Property, Plant and Equipment [Line Items]
Property and Equipment
Property and equipment consisted of the following at January31, 2021 and April30, 2020:
January 31,
2021
April 30,
2020
Computer equipment and hardware $ 799,826 $ 649,927
Furniture and fixtures 1,013,103 1,007,099
Leasehold improvements 920,736 867,024
Instructional equipment 315,993 301,842
Software 7,944,693 6,162,770
Construction in Progress 907,780
11,902,131 8,988,662
Accumulated depreciation and amortization (4,355,308) (2,841,019)
Property and equipment, net $ 7,546,823 $ 6,147,643
Depreciation and Amortization Expense
Depreciation and amortization expense for property and equipment as well as the portion for just software amortization is presented below for the three and nine months ended January31, 2021 and 2020:
Three Months Ended
January 31,
Nine Months Ended
January 31,
2021 2020 2021 2020
Depreciation and amortization expense $ 525,018 $ 364,504 $ 1,519,536 $ 1,012,548
Software amortization expense $ 366,908 $ 265,146 $ 1,028,668 $ 728,395
Software
Property, Plant and Equipment [Line Items]
Schedule of Software
Software consisted of the following at January31, 2021 and April30, 2020:
January 31,
2021
April 30,
2020
Software $ 7,944,693 $ 6,162,770
Accumulated amortization (3,078,213) (2,049,809)
Software, net $ 4,866,480 $ 4,112,961
Future Amortization Expense
The following is a schedule of estimated future amortization expense of software at January31, 2021 (by fiscal year):
Future Expense
2021 (remaining) $ 369,241
2022 1,452,508
2023 1,291,627
2024 1,003,841
2025 594,137
Thereafter 155,126
Total $ 4,866,480