Aspen Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Convertible Notes and Convertible Notes - Related Party (Tables)

Convertible Notes and Convertible Notes - Related Party (Tables)

12 Months Ended

Apr. 30, 2019

Convertible notes payable consisted of the following at April 30, 2019 and 2018:


	April 30,
	2019			2018
Convertible note payable - originating December 1, 2017; no monthly payments required; bearing an annual rate of interest at 8%; $1,000,000 maturing on December 1, 2018 and $1,000,000 maturing on December 1, 2019	$	0		$	2,000,000

Convertible note payable - originating February 29, 2012; no monthly payments required; bearing interest at 0.19%; maturing at February 29, 2014		50,000			50,000

		50,000			2,050,000
Less: Current maturities		(50,000	)		(1,050,000	)
Total	$	0		$	1,000,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details