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

Quarterly report pursuant to Section 13 or 15(d)

Courseware

Courseware

9 Months Ended

Jan. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5. Courseware

Courseware costs capitalized were $6,550 and $81,634 for the nine months ended January 31, 2017 and 2016 respectively. During September 2015, $1,970,670 of fully amortized courseware was written off against the accumulated amortization. In subsequent periods, certain other fully expired courseware has been written off in the same way. There is no expense impact for such write-offs.

Courseware consisted of the following at January 31, 2017 and April 30, 2016:


	January 31,			April 30,
	2017			2016
Courseware	$	272,727		$	319,267
Accumulated amortization		(115,909	)		(124,335	)
Courseware, net	$	156,818		$	194,932

Amortization expense of courseware for the three and nine months ended January 31, 2017 and 2016:


	For the				For the
	Three Months Ended January 31,				Nine Months Ended January 31,
	2017		2016		2017		2016

Amortization expense	$	13,663	$	16,513	$	44,664	$	53,304

The following is a schedule of estimated future amortization expense of courseware at January 31, 2017:


Year Ending April 30,
2017	$	13,583
2018		50,492
2019		49,019
2020		35,177
2021		8,547
Total	$	156,818