Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets

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Intangible Assets
 3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Intangible Assets

Intangible assets consisted of the following at March 31, 2012 and December 31, 2011:

 

   

March 31,

2012

    

December 31,

2011

  
Course curricula   $ 2,075,438     $ 2,072,238  
Call center     1,065,638       927,455  
      3,141,076       2,999,693  
Accumulated amortization     (1,845,308 )     (1,762,697 )
Intangible assets, net   $ 1,295,768     $ 1,236,996  

 

The following is a schedule of estimated future amortization expense of intangible assets as of March 31, 2012:

 

 Year Ending December 31,      
2012   $ 350,416  
2013     317,539  
2014     276,906  
2015     238,830  
2016     112,077  
Total   $ 1,295,768  

 

Amortization expense for the three months ended March 31, 2012 and 2011 was $82,611 and $49,992, respectively.