Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.5.0.2
Courseware
3 Months Ended
Jul. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 5. Courseware


Courseware costs capitalized were $4,450 and $41,104 for the three months ended July 31, 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 July 31, 2016 and April 30, 2016:


 

 

July 31,

 

 

April 30,

 

 

 

2016

 

 

2016

 

Courseware

 

$

316,197

 

 

$

319,267

 

Accumulated amortization

 

 

(132,717

)

 

 

(124,335

)

Courseware, net

 

$

183,480

 

 

$

194,932

 


Amortization expense of courseware for the three months ended July 31, 2016 and 2015:


 

 

For the

 

 

 

Three Months Ended

July 31,

 

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

Amortization Expense

 

$

15,902

 

 

$

18,688

 


The following is a schedule of estimated future amortization expense of courseware at July 31, 2016:


Year Ending April 30,

 

 

 

2017

 

$

42,100

 

2018

 

 

50,072

 

2019

 

 

48,599

 

2020

 

 

34,757

 

2021

 

 

7,952

 

Total

 

$

183,480