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Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v2.4.1.9
Significant Accounting Policies (Tables)
9 Months Ended
Jan. 31, 2015
Significant Accounting Policies [Abstract]  
Schedule of Reclassifications

For the three and the nine months ending January 31, 2014, the Company reclassified $55,314 and $168,155 respectively, from Cost of Revenues to General and Administrative, both within Operating Expenses, to conform to the current period presentation.

 

 

For the 9 Months ended January 31, 2014

 

 

 

Reclassifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dues,

 

 

Internet

 

 

 

 

 

 

 

 

 

 

 

 

As Previously

 

 

Fees, &

 

 

Related

 

 

Marketing

 

 

Library

 

 

As

 

 

 

Reported

 

 

Licenses

 

 

Expense

 

 

Fees

 

 

Services

 

 

Reclassified

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructional

 

$

734,597

 

 

 

(55,127

)

 

 

(113,028

)

 

 

 

 

 

 

 

$

566,442

 

Marketing

 

 

824,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

824,002

 

Cost of Revenues

 

$

1,558,599

 

 

 

(55,127

)

 

 

(113,028

)

 

 

 

 

 

 

 

$

1,390,444

 

Receivable collateral valuation reserve

 

 

123,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

123,647

 

General and administrative

 

 

4,698,343

 

 

 

55,127

 

 

 

113,028

 

 

 

 

 

 

 

 

 

4,866,498

 

Depreciation and amortization

 

 

350,990

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

350,990

 

Total Operating Expenses

 

$

6,731,579

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6,731,579

 


 

For the 3 Months ended January 31, 2014

 

 

 

Reclassifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dues,

 

 

Internet

 

 

 

 

 

 

 

 

 

 

 

 

As Previously

 

 

Fees, &

 

 

Related

 

 

Marketing

 

 

Library

 

 

As

 

 

 

Reported

 

 

Licenses

 

 

Expense

 

 

Fees

 

 

Services

 

 

Reclassified

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructional

 

$

285,221

 

 

 

(14,878

)

 

 

(40,436

)

 

 

 

 

 

 

 

$

229,907

 

Marketing

 

 

270,404

 

 

 

 

 

 

 

 

 

 

 

 

 

270,404

 

Cost of Revenues

 

$

555,625

 

 

 

(14,878

)

 

 

(40,436

)

 

 

 

 

 

 

 

$

500,311

 

Receivable collateral valuation reserve

 

 

123,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

123,647

 

General and administrative

 

 

1,697,403

 

 

 

14,878

 

 

 

40,436

 

 

 

 

 

 

 

 

 

1,752,717

 

Depreciation and amortization

 

 

121,904

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

121,904

 

Total Operating Expenses

 

$

2,498,579

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,498,579