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

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

Property and Equipment (Tables)

3 Months Ended

Jul. 31, 2017

Property, Plant and Equipment [Line Items]

Property and equipment consisted of the following at July 31, 2017 and April 30, 2017:


	July 31,			April 30,
	2017			2017
Call center hardware	$	77,269		$	53,748
Computer and office equipment		103,191			103,649
Furniture and fixtures		272,790			255,984
Software		2,198,473			2,131,344
		2,651,723			2,544,725
Accumulated depreciation and amortization		(1,060,681	)		(1,090,010	)
Property and equipment, net	$	1,591,042		$	1,454,715

Schedule of Depreciation and Amortization Expense

Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented below for three months ended July 31, 2017 and 2016:


	For the Three Months Ended
	July 31,
	2017		2016

Depreciation and Amortization Expense		125,082		135,147

Software Amortization Expense		107,607		124,180

Software [Member]

Property, Plant and Equipment [Line Items]

Schedule of Intangible Asset

Software consisted of the following at July 31, 2017 and April 30, 2017:


	July 31,			April 30,
	2017			2017
Software	$	2,198,473		$	2,131,344
Accumulated amortization		(953,218	)		(994,017	)
Software, net	$	1,245,255		$	1,137,327

Schedule of Estimated Future Amortization Expense

The following is a schedule of estimated future amortization expense of software at July 31, 2017:


Year Ending April 30,
2018	$	311,020
2019		342,717
2020		272,875
2021		200,428
2022		118,215
Total	$	1,245,255