Aspen Group, Inc. Transition report pursuant to Rule 13a-10 or 15d-10

Transition report pursuant to Rule 13a-10 or 15d-10

Nature of Operations and Going Concern (Tables)

Nature of Operations and Going Concern (Tables)

4 Months Ended

Apr. 30, 2013

Nature Of Operations And Going Concern Tables [Abstract]

The net purchase price, including acquisition costs paid, was allocated to assets acquired and liabilities assumed as follows:


Current assets (including cash of $3,200)	$	3,200
Intangible assets		-
Liabilities assumed		-
Net purchase price	$	3,200

Schedule of income from discontinued operations

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


	For the Four Months Ended					For the Year Ended
	April 30,					December 31,
	2013			2012		2012		2011
				(Unaudited)

Revenues	$	140,732		$	1,077,875	$	2,332,283	$	2,131,693

Costs and expenses:
Cost of revenues		126,659			929,362		2,026,928		1,674,127
General and administrative		126,000			-		169,045		-
Total costs and expenses		252,659			929,362		2,195,973		1,674,127

Income (loss) from discontinued operations, net of income taxes	$	(111,927	)	$	148,513	$	136,310	$	457,566

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


	April 30,		December 31,
	2013		2012		2011
Assets
Cash and cash equivalents	$	-	$	67,750	$	-
Accounts receivable, net of allowance of $295,045, $169,045 and $0, respectively		113,822		322,026		632,135
Other current assets		-		3,438		-
Net assets from discontinued operations	$	113,822	$	393,214	$	632,135

Liabilities
Accounts payable	$	1,178	$	1,178	$	679,882
Accrued expenses		70,201		185,395		39,225
Deferred revenue		53,125		39,857		-
Net liabilities from discontinued operations	$	124,504	$	226,430	$	719,107

- 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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