Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.6.0.2
Courseware
6 Months Ended
Oct. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

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