Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.7.0.1
Courseware
9 Months Ended
Jan. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 5. Courseware


Courseware costs capitalized were $6,550 and $81,634 for the nine months ended January 31, 2017 and 2016 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 January 31, 2017 and April 30, 2016:


 

 

January 31,

 

 

April 30,

 

 

 

2017

 

 

2016

 

Courseware

 

$

272,727

 

 

$

319,267

 

Accumulated amortization

 

 

(115,909

)

 

 

(124,335

)

Courseware, net

 

$

156,818

 

 

$

194,932

 


Amortization expense of courseware for the three and nine months ended January 31, 2017 and 2016:


 

 

For the

 

 

For the

 

 

 

Three Months Ended

January 31,

 

 

Nine Months Ended

January 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

13,663

 

 

$

16,513

 

 

$

44,664

 

 

$

53,304

 


The following is a schedule of estimated future amortization expense of courseware at January 31, 2017:


Year Ending April 30,

 

 

 

2017

 

$

13,583

 

2018

 

 

50,492

 

2019

 

 

49,019

 

2020

 

 

35,177

 

2021

 

 

8,547

 

Total

 

$

156,818