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Quarterly report pursuant to sections 13 or 15(d)

4. Intangible Assets

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4. Intangible Assets
9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
4. Intangible Assets

 

Note 4. Intangible Assets

 

Intangible assets consisted of the following at September 30, 2012 and December 31, 2011:

 

    Septmber 30, 2012     December 31, 2011  
Course curricula   $ 2,097,038     $ 2,072,238  
Call center     1,321,950       927,455  
      3,418,988       2,999,693  
Accumulated amortization     (2,030,457 )     (1,762,697 )
Intangible assets, net   $ 1,388,531     $ 1,236,996  


The following is a schedule of estimated future amortization expense of intangible assets as of September 30, 2012:

 

Year Ending December 31,      
2012   $ 393,478  
2013     352,005  
2014     313,418  
2015     258,574  
2016     71,056  
Total   $ 1,388,531  


Amortization expense for the nine months ended September 30, 2012 and 2011 was $267,760 and $161,599, respectively.