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Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.22.2
Property and Equipment (Tables)
12 Months Ended
Apr. 30, 2022
Property, Plant and Equipment [Abstract] Ìý
Schedule of Property and Equipment Property and equipment consisted of the following:
April 30,
2022 2021
ÌýÌýÌýComputer equipment and hardware $ 1,516,475Ìý $ 956,463Ìý
ÌýÌýÌýFurniture and fixtures 2,193,261Ìý 1,705,101Ìý
ÌýÌýÌýLeasehold improvements 7,179,896Ìý 5,729,324Ìý
ÌýÌýÌýInstructional equipment 715,652Ìý 421,039Ìý
ÌýÌýÌýSoftware 10,285,096Ìý 8,488,635Ìý
ÌýÌýÌýConstruction in progress 2,100Ìý 247,767Ìý
21,892,480Ìý 17,548,329Ìý
Accumulated depreciation and amortization (8,395,001) (4,892,987)
ÌýÌýÌýÌýÌýÌýProperty and equipment, net $ 13,497,479Ìý $ 12,655,342Ìý
Schedule of Software Software consisted of the following:
April 30,
2022 2021
Software
$ 10,285,096Ìý $ 8,488,635Ìý
Accumulated amortization (5,170,943) (3,444,325)
Software, net
$ 5,114,153Ìý $ 5,044,310Ìý
Courseware and accreditation consisted of the following:
April 30,
2022 2021
Courseware $ 575,283Ìý $ 408,222Ìý
Accreditation 59,350Ìý 59,350Ìý
634,633Ìý 467,572Ìý
Accumulated amortization (360,586) (280,276)
Courseware and accreditation, net $ 274,047Ìý $ 187,296Ìý
Schedule of Depreciation and Amortization Expense Depreciation and amortization expense for property and equipment and software is summarized below:
Years Ended April 30,
2022 2021
Depreciation and amortization expense:
Property and equipment, excluding software $ 1,555,119Ìý $ 975,900Ìý
Software amortization expense $ 1,726,618Ìý $ 1,405,756Ìý
Schedule of Estimated Future Amortization Expense of Software The following is a schedule of estimated future amortization expense of software at AprilÌý30, 2022 (by fiscal year):
Future Expense
2023 $ 1,763,621Ìý
2024 1,473,045Ìý
2025 1,070,781Ìý
2026 610,861Ìý
2027 195,845Ìý
Total $ 5,114,153Ìý
The following is a schedule of estimated future amortization expense of courseware and accreditation at AprilÌý30, 2022 (by fiscal year):
Future Expense
2023 $ 83,690Ìý
2024 70,142Ìý
2025 59,054Ìý
2026 52,579Ìý
2027 8,582Ìý
Total $ 274,047Ìý