Aspen Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficiency (Tables)

Stockholders' Deficiency (Tables)

3 Months Ended

Jul. 31, 2014

A summary of the Company's warrant activity during the three months ended July 31, 2014 is presented below:


					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
Warrants	Shares		Price		Term		Value
Balance Outstanding, April 30, 2014		23,144,005	$	0.31
Granted		8,714,519		0.19
Exercised		-
Forfeited		-
Expired		-
Balance Outstanding, July 31, 2014		31,858,524	$	0.27		4.9	$	-

Exercisable, July 31, 2014		31,858,524	$	0.27		4.9	$	-

Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock Option Activity

A summary of the Company's stock option activity for employees and directors during the quarter ended July 31, 2014 is presented below:


						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Term		Value
Balance Outstanding, April 30, 2014		10,476,412		$	0.35
Granted		-
Exercised		-
Forfeited		(10,000	)
Expired		-
Balance Outstanding, July 31, 2014		10,466,412		$	0.23		3.5	$	-

Exercisable, July 31, 2014		5,082,712		$	0.27		3.4	$	-

Stock Option Grants to Non-Employees [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock Option Activity

A summary of the Company's stock option activity for non-employees during the three months ended July 31, 2014 is presented below:


				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Term		Value
Balance Outstanding, April 30, 2014		270,000		$	0.35
Granted		-
Exercised		-
Forfeited		(50,000	)	$	0.19
Expired		-
Balance Outstanding, July 31, 2014		220,000		$	0.30		2.8		2.8

Exercisable, July 31, 2014		73,333		$	0.30		2.8		2.8

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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