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

9 Months Ended

Jan. 31, 2021

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

nine

months ended

January 31, 2021

and

January 31, 2020,

were

$49,000

and

$52,000,

respectively.

During the

nine

months ended

January 31, 2021,

the Company  capitalized  

$114,000

related to

third

party programmers' costs.  The Company  did

not

incur and did

not

capitalize expenditures related to

third

party programmers' costs during the

nine

months ended

January 31, 2020.