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

Courseware (Tables)

v2.4.0.8
Courseware (Tables)
4 Months Ended
Apr. 30, 2013
Courseware Tables [Abstract]  
Intangible Assets

Courseware consisted of the following at April 30, 2013, December 31, 2012 and 2011:


                         

 

 

April 30,

 

 

December 31,

 

 

 

2013

 

 

2012

 

 

2011

 

Courseware

 

$

2,097,538

 

 

$

2,097,538

 

 

$

2,072,238

 

Accumulated amortization

 

 

(1,889,443

)

 

 

(1,843,967

)

 

 

(1,702,407

)

Courseware, net

 

$

208,095

 

 

$

253,571

 

 

$

369,831

 


Schedule of Courseware Future Amortization Expense

Estimated future amortization expense of course curricula as of April 30, 2013 is as follows:


         

Year Ending April 30,

 

 

 

2014

 

$

105,246

 

2015

 

 

65,017

 

2016

 

 

27,730

 

2017

 

 

9,095

 

2018

 

 

1,007

 

Total

 

$

208,095