Note 10 - Accounting for the Costs of Computer Software Developed for Internal Use

6 Months Ended

Oct. 31, 2019

Notes to Financial Statements

Internal Use Software Disclosure [Text Block]

Note

10

- Accounting for the Costs of Computer Software Developed for Internal Use:

The Company has adopted the provisions of the Statement of Position

98

-

1

(SOP

98

-

1

), "Accounting for the Costs of Computer Software Developed for Internal Use".  SOP

98

-

1

requires companies to capitalize as long-lived assets many of the costs associated with developing or purchasing software for internal use and amortize those costs over the software's estimated useful life in a systematic and rational manner.  Such costs, when incurred, are capitalized and amortized over the expected useful life of the asset, normally

3

to

5

years.  Total amortization expenses during the

six

months ended

October 31, 2019

and

October 31, 2018,

were

$35,000

and

$79,000,

respectively.  

The Company  did

not

incur and did

not

capitalize expenditures related to

third

party programmers' costs or to the development of software for internal use during the

six

months ended

October 31, 2019

or

October 31, 2018.