丝瓜视频. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

2. Significant Accounting Policies (Tables)

2. Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Significant Accounting Policies Tables

Depreciation and amortization over the estimated useful lives

Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets per the following table.

Category		Depreciation Term
Call center equipment		5 years
Computer and office equipment		5 years
Furniture and fixtures		7 years
Library (online)		3 years
Software		5 years
Vehicle		5 years

Reclassifications to the consolidated statements of operations

The following tables show the reclassifications to the consolidated statements of operations for the year ended December 31, 2011.

	For the Year Ended December 31, 2011
			Reclassifications
												Financial
									Courseware			Aid		Training and
	As Previously		Bad Debt			Consulting			Development			Processing		Seminars		As
	Reported		Expense			Expense			Costs			Costs		Expense		Reclassified

Costs and expenses:
Instructional costs and services	$	2,493,341	$	(21,200	)					$	(236,953	)	$	(35,154	)				$	2,200,034
Marketing and promotional		1,181,558					$	(658,832	)								$	(7,364	)			515,362
General and administrative		2,634,453		21,200				658,832				236,953			35,154			7,364				3,593,956
Depreciation and amortization		264,082																				264,082
Total costs and expenses	$	6,573,434																			$	6,573,434