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Quarterly report pursuant to Section 13 or 15(d)

Courseware

v3.8.0.1
Courseware
9 Months Ended
Jan. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 4. Courseware


Courseware costs capitalized were $33,369 for the nine months ended January 31, 2018. Fully expired courseware is written off against the accumulated amortization. There is no expense impact for such write-offs.


Courseware consisted of the following at January 31, 2018 and April 30, 2017:


 

 

January 31,

 

 

April 30,

 

 

 

2018

 

 

2017

 

Courseware

 

$

283,046

 

 

$

271,777

 

Accumulated amortization

 

 

(145,489

)

 

 

(126,300

)

Courseware, net

 

$

137,557

 

 

$

145,477

 


Amortization expense of courseware for the three and nine months ended January 31, 2018 and 2017:


 

 

For the

 

 

For the

 

 

 

Three Months Ended

January 31,

 

 

Nine Months Ended

January 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

13,966

 

 

$

13,663

 

 

$

41,289

 

 

$

44,664

 


The following is a schedule of estimated future amortization expense of courseware at January 31, 2018:


Year Ending April 30,

 

 

 

2018

 

$

14,152

 

2019

 

 

56,143

 

2020

 

 

42,301

 

2021

 

 

15,336

 

2022

 

 

9,625

 

Total

 

$

137,557