Property and Equipment (Tables)
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12 Months Ended |
Apr. 30, 2022 |
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| Property, Plant and Equipment [Abstract] |
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| Schedule of Property and Equipment |
Property and equipment consisted of the following:
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April 30, |
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2022 |
|
2021 |
| Computer equipment and hardware |
$ |
1,516,475 |
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|
$ |
956,463 |
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| Furniture and fixtures |
2,193,261 |
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|
1,705,101 |
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| Leasehold improvements |
7,179,896 |
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|
5,729,324 |
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| Instructional equipment |
715,652 |
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|
421,039 |
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| Software |
10,285,096 |
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|
8,488,635 |
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| Construction in progress |
2,100 |
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|
247,767 |
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|
21,892,480 |
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|
17,548,329 |
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| Accumulated depreciation and amortization |
(8,395,001) |
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|
(4,892,987) |
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| Property and equipment, net |
$ |
13,497,479 |
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|
$ |
12,655,342 |
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| Schedule of Software |
Software consisted of the following:
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April 30, |
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2022 |
|
2021 |
Software |
$ |
10,285,096 |
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|
$ |
8,488,635 |
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| Accumulated amortization |
(5,170,943) |
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|
(3,444,325) |
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Software, net |
$ |
5,114,153 |
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|
$ |
5,044,310 |
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Courseware and accreditation consisted of the following:
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April 30, |
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2022 |
|
2021 |
| Courseware |
$ |
575,283 |
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|
$ |
408,222 |
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| Accreditation |
59,350 |
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|
59,350 |
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|
634,633 |
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|
467,572 |
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| Accumulated amortization |
(360,586) |
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|
(280,276) |
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| Courseware and accreditation, net |
$ |
274,047 |
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|
$ |
187,296 |
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| Schedule of Depreciation and Amortization Expense |
Depreciation and amortization expense for property and equipment and software is summarized below:
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Years Ended April 30, |
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2022 |
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2021 |
| Depreciation and amortization expense: |
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| Property and equipment, excluding software |
$ |
1,555,119 |
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|
$ |
975,900 |
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| Software amortization expense |
$ |
1,726,618 |
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|
$ |
1,405,756 |
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| Schedule of Estimated Future Amortization Expense of Software |
The following is a schedule of estimated future amortization expense of software at April 30, 2022 (by fiscal year):
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Future Expense |
| 2023 |
$ |
1,763,621 |
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| 2024 |
1,473,045 |
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| 2025 |
1,070,781 |
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| 2026 |
610,861 |
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| 2027 |
195,845 |
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| Total |
$ |
5,114,153 |
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The following is a schedule of estimated future amortization expense of courseware and accreditation at April 30, 2022 (by fiscal year):
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Future Expense |
| 2023 |
$ |
83,690 |
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| 2024 |
70,142 |
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| 2025 |
59,054 |
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| 2026 |
52,579 |
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| 2027 |
8,582 |
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| Total |
$ |
274,047 |
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