Quarterly report pursuant to sections 13 or 15(d)

Courseware

v2.4.0.8
Courseware
3 Months Ended
Jul. 31, 2013
Courseware [Abstract]  
Courseware

Note 5. Courseware


Courseware costs capitalized were $500 for the three months ended July 31, 2013.


Courseware consisted of the following at July 31, 2013 and April 30, 2013:


                 

 

 

July 31,

 

 

April 30,

 

 

 

2013

 

 

2013

 

Courseware

 

$

2,098,038

 

 

$

2,097,538

 

Accumulated amortization

 

 

(1,919,914

)

 

 

(1,889,443

)

Courseware, net

 

$

178,124

 

 

$

208,095

 


Amortization expense of courseware for the three months ended July 31, 2013 and July 31, 2012 was $30,471 and $35,578, respectively.


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


         

Year Ending April 30,

 

 

 

2014

 

$

74,859

 

2015

 

 

65,117

 

2016

 

 

27,830

 

2017

 

 

9,196

 

2018

 

 

1,122

 

Total

 

$

178,124