Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.7.0.1
Courseware
3 Months Ended
Jul. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 4. Courseware


Courseware costs capitalized were $19,000 and $4,450 for the three months ended July 31, 2017 and 2016 respectively. When Courseware becomes fully amortized it is written off against the accumulated amortization. There is no expense impact to these write-offs.


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


 

 

July 31,

 

 

April 30,

 

 

 

2017

 

 

2017

 

Courseware

 

$

273,577

 

 

$

271,777

 

Accumulated amortization

 

 

(122,738

)

 

 

(126,300

)

Courseware, net

 

$

150,839

 

 

$

145,477

 


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


 

 

For the Three Months Ended

 

 

 

July 31,

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

Amortization Expense

 

 

13,638

 

 

 

15,902

 


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


Year Ending April 30,

 

 

 

2018

 

$

40,490

 

2019

 

 

53,269

 

2020

 

 

39,427

 

2021

 

 

12,463

 

2022

 

 

5,190

 

Total

 

$

150,839