Annual report pursuant to Section 13 and 15(d)

Courseware and Accreditation

v3.19.2
Courseware and Accreditation
12 Months Ended
Apr. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware and Accreditation

Note 6. Courseware and Accreditation


Courseware costs capitalized were $34,422 for the year ended April 30, 2019 and $48,388 for the year ended April 30, 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 April 30, 2019 and 2018:


 

 

April 30,

 

 

 

2019

 

 

2018

 

Courseware

 

$

325,987

 

 

$

298,064

 

Accreditation

 

 

57,100

 

 

 

—

 

Accumulated amortization

 

 

(221,157

)

 

 

(159,905

)

Courseware, net

 

$

161,930

 

 

$

138,159

 


The Company capitalized $57,100 in accreditation costs associated with intangible assets during the year ended April 30, 2019.


Amortization expense of courseware for the years ended April 30, 2019 and 2018:


 

 

 

 

 

For the

 

 

 

 

 

 

Years Ended

April 30,

 

 

 

 

 

 

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

 

 

 

 

 

 

 

 

$

67,751

 

 

$

55,706

 


The following is a schedule of estimated future amortization expense of courseware at April 30, 2019:


Year Ending April 30,

 

 

 

2020

 

$

63,610

 

2021

 

 

36,645

 

2022

 

 

28,758

 

2023

 

 

23,219

 

Thereafter

 

 

9,698

 

Total

 

$

161,930