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Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2015
Apr. 30, 2014
Current assets:    
Cash and cash equivalents $ 1,158,339us-gaap_CashAndCashEquivalentsAtCarryingValue $ 247,380us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 888,225us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 868,298us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowance of $241,027 and $221,537, respectively 888,499us-gaap_AccountsReceivableNetCurrent 649,890us-gaap_AccountsReceivableNetCurrent
Prepaid expenses 66,019us-gaap_PrepaidExpenseCurrent 45,884us-gaap_PrepaidExpenseCurrent
Net assets from discontinued operations (Note 1)    5,250us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current assets 3,001,082us-gaap_AssetsCurrent 1,816,702us-gaap_AssetsCurrent
Property and equipment:    
Call center equipment 132,798aspu_CallCenterEquipment 122,653aspu_CallCenterEquipment
Computer and office equipment 73,286aspu_ComputerAndOfficeEquipment 66,118aspu_ComputerAndOfficeEquipment
Furniture and fixtures 42,698us-gaap_FurnitureAndFixturesGross 36,446us-gaap_FurnitureAndFixturesGross
Library (online) 100,000aspu_LibraryOnline 100,000aspu_LibraryOnline
Software 2,147,783us-gaap_CapitalizedComputerSoftwareGross 1,894,215us-gaap_CapitalizedComputerSoftwareGross
Total 2,496,565us-gaap_PropertyPlantAndEquipmentGross 2,219,432us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation and amortization (1,268,502)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (938,703)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Total property and equipment, net 1,228,063us-gaap_PropertyPlantAndEquipmentNet 1,280,729us-gaap_PropertyPlantAndEquipmentNet
Courseware, net 158,280us-gaap_FiniteLivedIntangibleAssetsNet 108,882us-gaap_FiniteLivedIntangibleAssetsNet
Accounts receivable, secured - related party, net of allowance of $625,962, and $625,962, respectively 146,831aspu_AccountsReceivableSecuredRelatedPartyNetOfAllowance 146,831aspu_AccountsReceivableSecuredRelatedPartyNetOfAllowance
Debt issuance costs, net    205,515us-gaap_DeferredFinanceCostsNet
Other assets 26,678us-gaap_OtherAssetsNoncurrent 25,181us-gaap_OtherAssetsNoncurrent
Total assets 4,560,934us-gaap_Assets 3,583,840us-gaap_Assets
Current liabilities:    
Accounts payable 458,997us-gaap_AccountsPayableCurrent 454,783us-gaap_AccountsPayableCurrent
Accrued expenses 223,072us-gaap_AccruedLiabilitiesCurrent 144,466us-gaap_AccruedLiabilitiesCurrent
Deferred revenue 716,642us-gaap_DeferredRevenueCurrent 653,518us-gaap_DeferredRevenueCurrent
Refunds Due Students 373,161us-gaap_CustomerRefundLiabilityCurrent 288,121us-gaap_CustomerRefundLiabilityCurrent
Deferred rent, current portion 11,750us-gaap_DeferredRentCreditCurrent 13,699us-gaap_DeferredRentCreditCurrent
Convertible notes payable, current portion 50,000us-gaap_ConvertibleNotesPayableCurrent 175,000us-gaap_ConvertibleNotesPayableCurrent
Debenture payable, net of discounts of $0 and $452,771    1,787,229us-gaap_LongTermDebtCurrent
Total current liabilities 1,833,622us-gaap_LiabilitiesCurrent 3,516,816us-gaap_LiabilitiesCurrent
Line of credit 243,989us-gaap_LineOfCredit 244,175us-gaap_LineOfCredit
Loan payable officer - related party 1,000,000us-gaap_DueToOfficersOrStockholdersNoncurrent 1,000,000us-gaap_DueToOfficersOrStockholdersNoncurrent
Convertible notes payable - related party 600,000us-gaap_ConvertibleLongTermNotesPayable 600,000us-gaap_ConvertibleLongTermNotesPayable
Deferred rent    7,751us-gaap_DeferredRentCreditNoncurrent
Total liabilities 3,677,611us-gaap_Liabilities 5,368,742us-gaap_Liabilities
Commitments and contingencies - See Note 8      
Stockholders' equity (deficiency):    
Common stock, $0.001 par value; 250,000,000 shares authorized, 113,298,156 issued and 113,098,156 outstanding at January 31, 2015, 73,414,478 issued and 73,214,478 outstanding at April 30, 2014 113,298us-gaap_CommonStockValue 73,414us-gaap_CommonStockValue
Additional paid-in capital 22,170,190us-gaap_AdditionalPaidInCapital 16,302,118us-gaap_AdditionalPaidInCapital
Treasury stock (200,000 shares) (70,000)us-gaap_TreasuryStockValue (70,000)us-gaap_TreasuryStockValue
Accumulated deficit (21,330,165)us-gaap_RetainedEarningsAccumulatedDeficit (18,090,434)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity (deficiency) 883,323us-gaap_StockholdersEquity (1,784,902)us-gaap_StockholdersEquity
Total liabilities and stockholders' equity (deficiency) $ 4,560,934us-gaap_LiabilitiesAndStockholdersEquity $ 3,583,840us-gaap_LiabilitiesAndStockholdersEquity