Aspen Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Deficiency) (Tables)

Stockholders' Equity (Deficiency) (Tables)

12 Months Ended

Apr. 30, 2015

Stockholders' Equity (Deficiency) [Abstract]


						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		20,863,958		$	0.19
Exercised		(15,236,582	)	$	0.15
Forfeited		100,376
Expired		—
Balance Outstanding, April 30, 2015		28,871,757		$	0.26		4.2	$	179,791

Exercisable, April 30, 2015		28,871,757		$	0.26		4.2	$	179,791

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 Assumptions Used In Valuing Stock Options


	April 30,
	2015		2014
Expected life (years)	3.5			3.3
Expected volatility	43.4	%		45.0	%
Weighted-average volatility	43.4	%		45.0	%
Risk-free interest rate	0.38	%		0.38	%
Dividend yield	0.00	%		0.00	%
Expected forfeiture rate	n/a			n/a

Schedule of Stock Option Activity


						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Term		Value
Balance Outstanding, April 30, 2014		10,476,412		$	0.32
Granted		3,900,000		$	0.17
Exercised		—
Forfeited		(170,000	)	$	0.34
Expired		—
Balance Outstanding, April 30, 2015		14,206,412		$	0.21		3.45	$	103,000

Exercisable, April 30, 2015		5,660,470		$	0.26		2.85	$	4,000

Stock Option Grants to Non-Employees [Member]

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

Schedule of Stock Option Activity


				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Term		Value
Balance Outstanding, April 30, 2014		270,000		$	0.28
Granted		—
Exercised		—
Forfeited		(50,000	)	$	0.19
Expired		—
Balance Outstanding, April 30, 2015		220,000		$	0.30		2.1	$	—

Exercisable, April 30, 2015		73,333			0.30		2.3		—

- 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.

+ References + Details