Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.19.2
Courseware and Accreditation
3 Months Ended
Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware and Accreditation

Note 5. Courseware and Accreditation


Courseware costs capitalized were $1,525 for the three months ended July 31, 2019 and $34,422 for the year ended April 30, 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 July 31, 2019 and April 30, 2019:


 

 

July 31,

2019

 

 

April 30,

2019

 

Courseware

 

$

324,512

 

 

$

325,987

 

Accreditation

 

 

57,850

 

 

 

57,100

 

Accumulated amortization

 

 

(237,299

)

 

 

(221,157)

 

Courseware, net

 

$

145,063

 

 

$

161,930

 


The Company had capitalized accreditation costs of $750 and $57,100 for the three months ended July 31, 2019 and year ended April 30, 2019.


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


 

 

 

 

 

Three Months Ended

July 31,

 

 

 

 

 

 

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

 

 

 

 

 

 

 

 

$

19,142

 

 

$

15,371

 


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


Year Ending July 31,

 

Future Expense

 

2020

 

$

44,847

 

2021

 

 

37,100

 

2022

 

 

29,213

 

2023

 

 

23,673

 

2024

 

 

10,171

 

Thereafter

 

 

59

 

Total

 

$

145,063