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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Property and Equipment (Tables)

v3.19.2

Property and Equipment (Tables)

3 Months Ended

Jul. 31, 2019

Property, Plant and Equipment [Line Items]

Schedule of Property and Equipment

Property and equipment consisted of the following at July 31, 2019 and April 30, 2019:


	July 31,			April 30,
	2019			2019
Call center hardware	$	245,715		$	193,774
Computer and office equipment		330,267			327,621
Furniture and fixtures		1,430,349			1,381,271
Software		4,765,597			4,314,198
		6,771,928			6,216,864
Accumulated depreciation		(2,083,277	)		(1,825,524	)
Property and equipment, net	$	4,688,651		$	4,391,340

Schedule of Depreciation and Amortization Expense

Depreciation expense and amortization for all Property and Equipment as well as the portion for just software is presented below for the three months ended July 31, 2019 and 2018:


	Three Months Ended July 31,
	2019		2018
Depreciation and amortization Expense	$	312,432	$	204,335

Software amortization Expense	$	170,189	$	143,774

Software [Member]

Property, Plant and Equipment [Line Items]

Schedule of Intangible Asset

Software consisted of the following at July 31, 2019 and April 30, 2019:


	July 31, 2019			April 30, 2019
Software	$	4,765,597		$	4,314,198
Accumulated depreciation		(1,517,765	)		(1,351,193	)
Software, net	$	3,247,832		$	2,963,005

Schedule of Estimated Future Amortization Expense

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


Year Ending July 31,	Future Expense
2020	$	689,009
2021		854,804
2022		765,330
2023		605,091
2024		315,809
Thereafter		17,789
Total	$	3,247,832

- Definition

Tabular disclosure of current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

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