Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.8.0.1
Courseware
6 Months Ended
Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 4. Courseware


Courseware costs capitalized were $25,100 and $6,550 for the six months ended October 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 October 31, 2017 and April 30, 2017:


 

 

October 31,

 

 

April 30,

 

 

 

2017

 

 

2017

 

Courseware

 

$

279,677

 

 

$

271,777

 

Accumulated amortization

 

 

(136,423

)

 

 

(126,300

)

Courseware, net

 

$

143,254

 

 

$

145,477

 


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


 

 

For the

 

 

For the

 

 

 

Three Months Ended

October 31,

 

 

Six Months Ended

October 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Expense

 

$

13,686

 

 

$

15,099

 

 

$

27,323

 

 

$

31,001

 


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


Year Ending April 30,

 

 

 

2018

 

$

27,494

 

2019

 

 

54,489

 

2020

 

 

40,647

 

2021

 

 

13,683

 

2022

 

 

6,941

 

Total

 

$

143,254