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Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.10.0.1
Courseware and Accreditation
3 Months Ended
Jul. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware and Accreditation

Note 4. Courseware and Accreditation


Courseware costs capitalized were $19,568 for the three months ended July 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 July 31, 2018 and April 30, 2018:


 

 

July 31,

 

 

April 30,

 

 

 

2018

 

 

2018

 

Courseware

 

$

317,632

 

 

$

298,064

 

Accreditation

 

 

23,350

 

 

 

 

Accumulated amortization

 

 

(175,277

)

 

 

(159,905

)

Courseware, net

 

$

165,705

 

 

$

138,159

 


The Company incurred $23,350 in accreditation costs associated with intangible assets which were capitalized during the three months ended July 31, 2018.


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


 

 

For the Three Months Ended

 

 

 

July 31,

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

Amortization Expense

 

 

15,371

 

 

 

13,638

 


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


Year Ending April 30,

 

 

 

2019

 

$

52,358

 

2020

 

 

53,889

 

2021

 

 

26,924

 

2022

 

 

19,036

 

2023

 

 

13,498

 

Total

 

$

165,705