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Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.2.0.727
Courseware
 3 Months Ended
Jul. 31, 2015
Courseware [Abstract]  
Courseware

Note 5. Courseware


Courseware costs capitalized were $41,104 and $38,823 for the three months ended July 31, 2015 and 2014 respectively.


Courseware consisted of the following at July 31, 2015 and April 30, 2015:


 

 

July 31,

 

 

April 30,

 

 

 

2015

 

 

2015

 

Courseware

 

$

2,288,894

 

 

$

2,247,790

 

Accumulated amortization

 

 

(2,093,167

)

 

 

(2,074,479

)

Courseware, net

 

$

195,727

 

 

$

173,311

 


Amortization expense of courseware for the three months ended July 31, 2015 and 2014:


 

 

 

 

 

For the

 

 

 

 

 

 

Three Months Ended

July 31,

 

 

 

 

 

 

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Expense

 

 

 

 

 

 

 

 

 

 

18,688

 

 

 

20,212

 



The following is a schedule of estimated future amortization expense of courseware at July 31, 2015:


Year Ending April 30,

 

 

 

2016

 

$

46,134

 

2017

 

 

47,367

 

2018

 

 

39,278

 

2019

 

 

37,805

 

2020

 

 

25,143

 

Total

 

$

195,727