Annual report pursuant to section 13 and 15(d)

6. Courseware

v2.4.0.6
6. Courseware
 12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
6. Courseware

Courseware costs capitalized were $25,300 and $54,090 for the years ended December 31, 2012 and 2011, respectively.

 

Courseware consisted of the following at December 31, 2012 and 2011:

 

`   December 31, 2012     December 31, 2011  
Courseware   $ 2,097,538     $ 2,072,238  
Accumulated amortization     (1,843,967 )     (1,702,407 )
Courseware, net   $ 253,571     $ 369,831  

  

Amortization expense of courseware for the years ended December 31, 2012 and 2011 was $141,560 and $178,420, respectively.

 

The following is a schedule of estimated future amortization expense of courseware at December 31, 2012:

 

 Year Ending December 31,      
2013   $ 120,819  
2014     77,757  
2015     39,616  
2016     12,738  
2017     2,641  
Total   $ 253,571