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Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.3.1.900
Courseware
 9 Months Ended
Jan. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 5. Courseware

 

Courseware costs capitalized were $81,634 and $109,305 for the nine months ended January 31, 2016 and 2015 respectively.  During September 2015, $1,970,670 of fully amortized courseware was written off against the accumulated amortization.  There was no expense impact to this write-off.

 

 

Courseware consisted of the following at January 31, 2016 and April 30, 2015:

 

    January 31,     April 30,  
    2016     2015  
Courseware   $ 358,754     $ 2,247,790  
Accumulated amortization     (157,114 )     (2,074,479 )
Courseware, net   $ 201,640     $ 173,311  

 

Amortization expense of courseware for the three and nine months ended January 31, 2016 and 2015:

 

    For the     For the  
    Three Months Ended January 31,     Nine Months Ended January 31,  
    2016     2015     2016     2015  
                                 
Amortization Expense     16,513       19,407       53,304       59,907  

 

The following is a schedule of estimated future amortization expense of courseware at January 31, 2016:

 

Year Ending April 30,      
2016   $ 15,547  
2017     55,473  
2018     47,384  
2019     45,911  
2020     37,325  
Total   $ 201,640