Quarterly report pursuant to sections 13 or 15(d)

5. Courseware (Tables)

v2.4.0.6
5. Courseware (Tables)
 3 Months Ended
Mar. 31, 2013
Estimated future amortization expense

The following is a schedule of estimated future amortization expense of software at March 31, 2013:

 

Year Ending December 31,      
2013   $ 223,655  
2014     298,207  
2015     298,207  
2016     237,917  
2017     71,753  
Total   $ 1,129,739  

 
Courseware
  
Courseware costs capitalized

Courseware consisted of the following at March 31, 2013 and December 31, 2012:

 

    March 31, 2013     December 31, 2012  
Courseware   $ 2,097,538     $ 2,097,538  
Accumulated amortization     (1,878,979 )     (1,843,967 )
Courseware, net   $ 218,559     $ 253,571  
Estimated future amortization expense

The following is a schedule of estimated future amortization expense of courseware at March 31, 2013:

 

Year Ending December 31,      
2013   $ 85,808  
2014     77,757  
2015     39,616  
2016     12,738  
2017     2,640  
Total   $ 218,559