Aspen Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Courseware

Courseware

6 Months Ended

Oct. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5. Courseware

Courseware costs capitalized were $6,550 and $63,634 for the six months ended October 31, 2016 and 2015 respectively. During September 2015, $1,970,670 of fully amortized courseware was written off against the accumulated amortization. In subsequent periods, certain other fully expired courseware has been written off in the same way. There is no expense impact for such write-offs.

Courseware consisted of the following at October 31, 2016 and April 30, 2016:


	October 31,			April 30,
	2016			2016
Courseware	$	318,297		$	319,267
Accumulated amortization		(147,816	)		(124,335	)
Courseware, net	$	170,481		$	194,932

Amortization expense of courseware for the three and six months ended October 31, 2016 and 2015:


	For the				For the
	Three Months Ended October 31,				Six Months Ended October 31,
	2016		2015		2016		2015

Amortization Expense	$	15,099	$	18,104	$	31,001	$	36,792

The following is a schedule of estimated future amortization expense of courseware at October 31, 2016:


Year Ending April 30,
2017	$	27,246
2018		50,492
2019		49,019
2020		35,177
2021		8,547
Total	$	170,481