Property and Equipment (Tables)
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12 Months Ended |
Apr. 30, 2020 |
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| Property, Plant and Equipment [Abstract] |
Ìý
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| Schedule of Property and Equipment |
Property and equipment consisted of the following at AprilÌý30, 2020 and AprilÌý30, 2019:
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April 30, |
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2020 |
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2019 |
| Computer equipment and hardware |
$ |
649,927Ìý |
Ìý |
|
$ |
521,395Ìý |
Ìý |
| Furniture and fixtures |
1,007,099Ìý |
Ìý |
|
915,936Ìý |
Ìý |
| Leasehold improvements |
867,024Ìý |
Ìý |
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|
204,545Ìý |
Ìý |
| Instructional equipment |
301,842Ìý |
Ìý |
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|
260,790Ìý |
Ìý |
Software |
6,162,770Ìý |
Ìý |
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4,314,198Ìý |
Ìý |
|
8,988,662Ìý |
Ìý |
|
6,216,864Ìý |
Ìý |
| Accumulated depreciation and amortization |
(2,841,019) |
Ìý |
|
(1,825,524) |
Ìý |
Property and equipment, net |
$ |
6,147,643Ìý |
Ìý |
|
$ |
4,391,340Ìý |
Ìý |
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| Schedule of Software |
Software consisted of the following at AprilÌý30, 2020 and 2019:
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April 30, |
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2020 |
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2019 |
Software |
$ |
6,162,770Ìý |
Ìý |
|
$ |
4,314,198Ìý |
Ìý |
| Accumulated amortization |
(2,049,809) |
Ìý |
|
(1,351,193) |
Ìý |
Software, net |
$ |
4,112,961Ìý |
Ìý |
|
$ |
2,963,005Ìý |
Ìý |
Courseware and accreditation consisted of the following at AprilÌý30, 2020 and 2019:
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April 30, |
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2020 |
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2019 |
| Courseware |
$ |
287,813Ìý |
Ìý |
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|
$ |
325,987Ìý |
Ìý |
| Accreditation |
59,350Ìý |
Ìý |
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|
57,100Ìý |
Ìý |
| Accumulated amortization |
(235,706) |
Ìý |
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|
(221,157) |
Ìý |
| Courseware and accreditation, net |
$ |
111,457Ìý |
Ìý |
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$ |
161,930Ìý |
Ìý |
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| Schedule of Depreciation and Amortization Expense |
Depreciation and amortization expense for all Property and Equipment as well as the portion for just software is presented below for the years ended AprilÌý30, 2020 and 2019:
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Years Ended April 30, |
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2020 |
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2019 |
| Depreciation and amortization expense |
$ |
1,497,470Ìý |
Ìý |
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$ |
1,002,347Ìý |
Ìý |
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| Software amortization expense |
$ |
1,013,466Ìý |
Ìý |
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$ |
684,871Ìý |
Ìý |
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| Schedule of Estimated Future Amortization Expense of Software |
The following is a schedule of estimated future amortization expense of software at AprilÌý30, 2020:
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| Year Ending April 30, |
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| 2021 |
$ |
1,203,497Ìý |
Ìý |
| 2022 |
1,109,903Ìý |
Ìý |
| 2023 |
942,271Ìý |
Ìý |
| 2024 |
639,618Ìý |
Ìý |
| Thereafter |
217,672Ìý |
Ìý |
| Total |
$ |
4,112,961Ìý |
Ìý |
The following is a schedule of estimated future amortization expense of courseware and accreditation at AprilÌý30, 2020:
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| Year Ending April 30, |
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| 2021 |
$ |
40,454Ìý |
Ìý |
| 2022 |
31,935Ìý |
Ìý |
| 2023 |
26,116Ìý |
Ìý |
| 2024 |
11,743Ìý |
Ìý |
| Thereafter |
1,209Ìý |
Ìý |
| Total |
$ |
111,457Ìý |
Ìý |
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