Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.20.1
Courseware and Accreditation
9 Months Ended
Jan. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware and Accreditation Courseware and Accreditation
Courseware costs capitalized were $11,001 for the nine months ended January 31, 2020 and $34,422 for the year ended April 30, 2019. 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 January 31, 2020 and April 30, 2019:
January 31,
2020
April 30,
2019
Courseware $ 284,964    $ 325,987   
Accreditation 59,350    57,100   
Accumulated amortization (223,079)   (221,157)  
Courseware, net $ 121,235    $ 161,930   
The Company had capitalized accreditation costs of $2,250 and $57,100 for the nine months ended January 31, 2020 and year ended April 30, 2019, respectively.
Amortization expense of courseware for the three and nine months ended January 31, 2020 and 2019:
Three Months Ended
January 31,
Nine Months Ended
January 31,
2020 2019 2020 2019
Amortization expense $ 15,637    $ 17,249    $ 53,415    $ 48,578   
The following is a schedule of estimated future amortization expense of courseware at January 31, 2020:
Future Expense
2020 (remaining) $ 13,287   
2021 38,845   
2022 30,958   
2023 25,419   
2024 11,916   
Thereafter 810   
Total $ 121,235