Aspen Group, Inc. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

Nature of Operations and Going Concern (Tables)

Nature of Operations and Going Concern (Tables)

3 Months Ended

Jul. 31, 2013

Nature of Operations and Going Concern [Abstract]

The following table shows the results of the "Smart Home Integration Certificate" program component included in the income (loss) from discontinued operations:


	For the Three Months Ended
	July 31,
	2013		2012

Revenues	$	222,625	$	659,790

Costs and expenses:
Instructional costs and services		200,362		569,747
Total costs and expenses		200,362		569,747

Income (loss) from discontinued operations, net of income taxes	$	22,263	$	90,043

The major classes of assets and liabilities of discontinued operations on the balance sheet are as follows:


	July 31,		April 30,
	2013		2013
Assets
Cash and cash equivalents	$	-	$	-
Accounts receivable, net of allowance of $295,045 and $295,045, respectively		257,322		113,822
Other current assets		-		-
Net assets from discontinued operations	$	257,322	$	113,822

Liabilities
Accounts payable	$	1,178	$	1,178
Accrued expenses		202,389		70,201
Deferred revenue		129,250		53,125
Net liabilities from discontinued operations	$	332,817	$	124,504

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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