Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.3.0.814
Courseware
 6 Months Ended
Oct. 31, 2015
Courseware [Abstract]  
Courseware

Note 5. Courseware


Courseware costs capitalized were $63,634 and $66,479 for the six months ended October 31, 2015 and 2014 respectively.


Courseware consisted of the following at October 31, 2015 and April 30, 2015:


 

 

October 31,

 

 

April 30,

 

 

 

2015

 

 

2015

 

Courseware

 

$

340,754

 

 

$

2,247,790

 

Accumulated amortization

 

 

(140,601

)

 

 

(2,074,479

)

Courseware, net

 

$

200,153

 

 

$

173,311

 


Amortization expense of courseware for the three and six months ended October 31, 2015 and 2014:


 

 

 For the

 

 

For the

 


 

 Three Months Ended
October 31,

 

 

Six Months Ended

October 31,

 

 

 

 2015

 


 2014

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Expense

 

$ 

18,104

 

 

$ 

 20,288

 

 

$ 

36,792

 

 

$ 

40,500

 


The following is a schedule of estimated future amortization expense of courseware at October 31, 2015:


Fiscal Year Ending April 30,

 

 

 

2016

 

$

30,894

 

2017

 

 

51,873

 

2018

 

 

43,784

 

2019

 

 

42,311

 

2020

 

 

31,291

 

Total

 

$

200,153