| Schedule of Discontinued Operations |
The following table shows the results of the "Smart Home Integration Certificate" program component included in the income (loss) from discontinued operations:
| | | | | | | | | | | | | | | | | |
| | | For the year | | | For the year | | | | | | | |
| | | ended | | | ended | | | For the | |
| | | April 30, | | | December 31, | | | Four Months Ended April 30, | |
| | | 2014 | | | 2012 | | | 2013 | | | 2012 | |
| | | | | | | | | | | | (Unaudited) | |
| | | | | | | | | | | | | |
| Revenues | | $ | 549,125 | | | $ | 2,332,283 | | | $ | 140,732 | | | $ | 1,077,875 | |
| | | | | | | | | | | | | | | | | |
| Costs and expenses: | | | | | | | | | | | | | | | | |
| Instructional costs and services | | | 494,213 | | | | 2,026,928 | | | | 126,659 | | | | 929,362 | |
| General and administrative | | | (29,751 | ) | | | 169,045 | | | | 126,000 | | | | - | |
| Total costs and expenses | | | 464,462 | | | | 2,195,973 | | | | 252,659 | | | | 929,362 | |
| | | | | | | | | | | | | | | | | |
| Income (loss) from discontinued operations, net of income taxes | | $ | 84,663 | | | $ | 136,310 | | | $ | (111,927 | ) | | $ | 148,513 | |
The major classes of assets and liabilities of discontinued operations on the balance sheet are as follows:
| | | | | | | | | |
| | | April 30, | | | April 30, | |
| | | 2014 | | | 2013 | |
| Assets | | | | | | |
| Cash and cash equivalents | | $ | - | | | $ | - | |
| Accounts receivable, net of allowance of $481,531 and $295,045, respectively | | | 5,250 | | | | 113,822 | |
| Other current assets | | | - | | | | - | |
| Net assets from discontinued operations | | $ | 5,250 | | | $ | 113,822 | |
| | | | | | | | | |
| Liabilities | | | | | | | | |
| Accounts payable | | $ | - | | | $ | 1,178 | |
| Accrued expenses | | | - | | | | 70,201 | |
| Deferred revenue | | | - | | | | 53,125 | |
| Net liabilities from discontinued operations | | $ | - | | | $ | 124,504 | |
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