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Annual report pursuant to Section 13 and 15(d)

Courseware and Accreditation

v3.19.2
Courseware and Accreditation
12 Months Ended
Apr. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Courseware and Accreditation

Note 6. Courseware and Accreditation


Courseware costs capitalized were $34,422 for the year ended April 30, 2019 and $48,388 for the year ended April 30, 2018. As courseware reaches the end of its useful life, it is written off against the accumulated amortization. There is no expense impact for such write-offs.


Courseware consisted of the following at April 30, 2019 and 2018:


Ìý

Ìý

April 30,

Ìý

Ìý

Ìý

2019

Ìý

Ìý

2018

Ìý

Courseware

Ìý

$

325,987

Ìý

Ìý

$

298,064

Ìý

Accreditation

Ìý

Ìý

57,100

Ìý

Ìý

Ìý

—

Ìý

Accumulated amortization

Ìý

Ìý

(221,157

)

Ìý

Ìý

(159,905

)

Courseware, net

Ìý

$

161,930

Ìý

Ìý

$

138,159

Ìý


The Company capitalized $57,100 in accreditation costs associated with intangible assets during the year ended April 30, 2019.


Amortization expense of courseware for the years ended April 30, 2019 and 2018:


Ìý

Ìý

Ìý

Ìý

Ìý

For the

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Years Ended

April 30,

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2019

Ìý

Ìý

2018

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Amortization expense

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

$

67,751

Ìý

Ìý

$

55,706

Ìý


The following is a schedule of estimated future amortization expense of courseware at April 30, 2019:


Year Ending April 30,

Ìý

Ìý

Ìý

2020

Ìý

$

63,610

Ìý

2021

Ìý

Ìý

36,645

Ìý

2022

Ìý

Ìý

28,758

Ìý

2023

Ìý

Ìý

23,219

Ìý

Thereafter

Ìý

Ìý

9,698

Ìý

Total

Ìý

$

161,930