Property and Equipment (Tables)
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12 Months Ended |
Apr. 30, 2020 |
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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 at April 30, 2020 and April 30, 2019:
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April 30, |
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2020 |
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2019 |
| Computer equipment and hardware |
$ |
649,927 |
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|
$ |
521,395 |
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| Furniture and fixtures |
1,007,099 |
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|
915,936 |
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| Leasehold improvements |
867,024 |
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|
204,545 |
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| Instructional equipment |
301,842 |
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|
260,790 |
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Software |
6,162,770 |
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4,314,198 |
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8,988,662 |
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6,216,864 |
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| Accumulated depreciation and amortization |
(2,841,019) |
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|
(1,825,524) |
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Property and equipment, net |
$ |
6,147,643 |
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$ |
4,391,340 |
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| Schedule of Software |
Software consisted of the following at April 30, 2020 and 2019:
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April 30, |
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2020 |
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2019 |
Software |
$ |
6,162,770 |
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$ |
4,314,198 |
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| Accumulated amortization |
(2,049,809) |
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|
(1,351,193) |
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Software, net |
$ |
4,112,961 |
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|
$ |
2,963,005 |
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Courseware and accreditation consisted of the following at April 30, 2020 and 2019:
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April 30, |
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2020 |
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2019 |
| Courseware |
$ |
287,813 |
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$ |
325,987 |
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| Accreditation |
59,350 |
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|
57,100 |
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| Accumulated amortization |
(235,706) |
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(221,157) |
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| Courseware and accreditation, net |
$ |
111,457 |
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$ |
161,930 |
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| Schedule of Depreciation and Amortization Expense |
Depreciation and amortization expense for all Property and Equipment as well as the portion for just software is presented below for the years ended April 30, 2020 and 2019:
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Years Ended April 30, |
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2020 |
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2019 |
| Depreciation and amortization expense |
$ |
1,497,470 |
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$ |
1,002,347 |
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| Software amortization expense |
$ |
1,013,466 |
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$ |
684,871 |
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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, 2020:
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| Year Ending April 30, |
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| 2021 |
$ |
1,203,497 |
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| 2022 |
1,109,903 |
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| 2023 |
942,271 |
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| 2024 |
639,618 |
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| Thereafter |
217,672 |
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| Total |
$ |
4,112,961 |
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The following is a schedule of estimated future amortization expense of courseware and accreditation at April 30, 2020:
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| Year Ending April 30, |
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| 2021 |
$ |
40,454 |
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| 2022 |
31,935 |
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| 2023 |
26,116 |
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| 2024 |
11,743 |
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| Thereafter |
1,209 |
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| Total |
$ |
111,457 |
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