Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v2.4.0.6
Intangible Assets and Goodwill (Tables)
3 Months Ended
Jan. 31, 2013
Intangible Assets And Goodwill Tables  
The components of finite-lived intangible assets acquired
    Weighted        
    Average   January 31,   April 30,
    Life   2013   2012
Trade names     5 Years     $ 733,000     $ 733,000  
Customer relationships     2 Years       758,000       758,000  
Non-compete agreement     4 Years       68,000       68,000  
Total gross carrying amount             1,559,000       1,559,000  
                         
Less accumulated amortization expense             1,385,134       1,262,434  
Net intangible assets           $ 173,866     $ 296,566  

Estimated future amortization expense related to intangible assets
Year ending April 30:    
  2013     $ 162,566  
  2014       134,000  
        $ 296,566