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Quarterly report pursuant to sections 13 or 15(d)

4. Intangible Assets

v2.4.0.6
4. Intangible Assets
 6 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
4. Intangible Assets

Intangible assets consisted of the following at June 30, 2012 and December 31, 2011:

 

   

June 30,

2012

    

December 31,

2011

  
Course curricula   $ 2,092,638     $ 2,072,238  
Call center     1,214,044       927,455  
      3,306,682       2,999,693  
Accumulated amortization     (1,934,158 )     (1,762,697 )
Intangible assets, net   $ 1,372,524     $ 1,236,996  

 

The following is a schedule of estimated future amortization expense of intangible assets as of June 30, 2012:

 

 Year Ending December 31,      
2012   $ 378,257  
2013     339,902  
2014     300,484  
2015     262,242  
2016     91,639  
Total   $ 1,372,524  

 

Amortization expense for the six months ended June 30, 2012 and 2011 was $171,461 and $98,456, respectively.