Annual report pursuant to Section 13 and 15(d)

Courseware

v3.5.0.2
Courseware
12 Months Ended
Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 6. Courseware

 

Courseware costs capitalized were $90,624 and $143,753 for the years ended April 30, 2016 and 2015 respectively.  During September 2015, $1,970,670 of fully amortized courseware was written off against the accumulated amortization.  There was no expense impact to this write-off.

 

Courseware consisted of the following at April 30, 2016 and April 30, 2015:

 

    April 30,     April 30,  
    2016     2015  
Courseware   $ 319,267     $ 2,247,790  
Accumulated amortization     (124,335 )     (2,074,479 )
Courseware, net   $ 194,932     $ 173,311  

 

Amortization expense of courseware for the years ended April 30, 2016 and 2015:

 

    For the  
   

Years Ended

April 30,

 
    2016     2015  
             
Amortization Expense   $ 69,003     $ 79,323  

 

The following is a schedule of estimated future amortization expense of courseware at April 30, 2016:

 

Year Ending April 30,      
2017   $ 57,271  
2018     49,182  
2019     47,709  
2020     33,867  
2021     6,903  
Total   $ 194,932