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Note 12 - Accounting for the Costs of Computer Software Developed for Internal Use | 12 Months Ended
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Apr. 30, 2017
Notes to Financial Statements |
Internal Use Software Disclosure [Text Block] | Note 12 -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 obtaining software for internal use and amortize those costs over the software's estimated useful life in a systematic and rational manner. The Company capitalized $407,000 and $1,681,000 related to the development of software for internal use for the twelve months ended April 30, 2017 and 2016, respectively. Total capitalized software includes $215,000 and $1,250,000 of internal costs to develop software and $192,000 and $431,000 of third party programmers' costs for the years ended April 30, 2017 and April 30, 2016, respectively. Such costs are capitalized and amortized over the expected useful life of the asset which is 3 to 5 years. Total amortization expenses for the years ended April 30, 2017, 2016 and 2015 were $4,397,000, $3,520,000, and $2,421,000, respectively. Amortization expense in fiscal 2017 included an increase of $877,000 of production expenses primarily attributable to additional amortization of internally developed software costs related to the product production cycle that is expected to be upgraded during fiscal 2018.

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- Definition Disclosure of accounting policy for its computer software activities including the accounting treatment for costs incurred for (1) research and development activities, (2) development of computer software for internal use, (3) in-process research and development acquired in a purchase business combination. + References No definition available. + Details
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