Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.10.0.1
Courseware and Accreditation
6 Months Ended
Oct. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware and Accreditation

Note 4. Courseware and Accreditation


Courseware costs capitalized were $28,721 for the six months ended October 31, 2018. As courseware reaches the end of its useful life, it is written off against the accumulated amortization. There is no expense impact for such write-offs.


Courseware consisted of the following at October 31, 2018 and April 30, 2018:


 

 

October 31,

 

 

April 30,

 

 

 

2018

 

 

2018

 

Courseware

 

$

325,286

 

 

$

298,064

 

Accreditation

 

 

57,100

 

 

 

—

 

Accumulated amortization

 

 

(189,734

)

 

 

(159,905

)

Courseware, net

 

$

192,652

 

 

$

138,159

 


The Company incurred $57,100 in accreditation costs associated with intangible assets which were capitalized during the six months ended October 31, 2018.


Amortization expense of courseware for the three and six months ended October 31, 2018 and 2017:


 

 

For the

 

 

 

For the

 

 

 

Three Months Ended

October 31,

 

 

 

Six Months Ended

October 31,

 

 

 

2018

 

 

2017

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Expense

 

$

15,960

 

 

$

13,686

 

 

 

$

31,331

 

 

$

27,323

 


The following is a schedule of estimated future amortization expense of courseware at October 31, 2018:


Year Ending April 30,

 

 

 

2019

 

$

36,070

 

2020

 

 

62,470

 

2021

 

 

35,505

 

2022

 

 

27,632

 

2023

 

 

22,079

 

Thereafter

 

 

8,896

 

Total

 

$

192,652