Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.19.1
Courseware and Accreditation
9 Months Ended
Jan. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware and Accreditation

Note 4. Courseware and Accreditation


Courseware costs capitalized were $32,473 for the nine months ended January 31, 2019. As courseware reaches the end of its useful life, it is written off against the accumulated amortization. There is no expense impact for such write-offs.


Courseware consisted of the following at January 31, 2019 and April 30, 2018:


 

 

January 31,

 

 

April 30,

 

 

 

2019

 

 

2018

 

Courseware

 

$

326,037

 

 

$

298,064

 

Accreditation

 

 

57,100

 

 

 

—

 

Accumulated amortization

 

 

(203,983

)

 

 

(159,905

)

Courseware, net

 

$

179,154

 

 

$

138,159

 


The Company incurred $57,100 in accreditation costs associated with intangible assets which were capitalized during the nine months ended January 31, 2019.


Amortization expense of courseware for the three and nine months ended January 31, 2019 and 2018:


 

 

For the

 

 

For the

 

 

 

Three Months Ended

January 31,

 

 

Nine Months Ended

January 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Expense

 

$

17,249

 

 

$

13,966

 

 

$

48,578

 

 

$

41,289

 


The following is a schedule of estimated future amortization expense of courseware at January 31, 2019:


Year Ending April 30,

 

 

 

2019

 

$

19,110

 

2020

 

 

63,220

 

2021

 

 

36,255

 

2022

 

 

28,382

 

2023

 

 

22,829

 

Thereafter

 

 

9,358

 

Total

 

$

179,154