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Quarterly report pursuant to Section 13 or 15(d)

Courseware

v2.4.0.8
Courseware
 6 Months Ended
Oct. 31, 2014
Courseware [Abstract]  
Courseware

Note 5. Courseware

 

Courseware costs capitalized were $66,479 for the six months ended October 31, 2014.

 

Courseware consisted of the following at October 31, 2014 and April 30, 2014:

 

                   
   

October 31,

   April 30,  
    2014   2014  

Courseware

   $ 2,170,517   $ 2,104,038  

Accumulated amortization

     (2,035,656)     (1,995,156)  

Courseware, net

   $ 134,861   $ 108,882  

 

Amortization expense of courseware for the three months and six months ended October 31, 2014 and 2013:

 

  For the   For the  
  Three Months Ended   Six Months Ended  
  October 31,   October 31,  
  2014   2013   2014   2013  
                         

Amortization Expense

 $ 20,288   $ 27,731   $ 40,500   $ 58,202  
                         

The following is a schedule of estimated future amortization expense of courseware at October 31, 2014:

 

         

Year Ending April 30,

    

2015

   $ 35,029  

2016

     42,326  

2017

     23,692  

2018

     15,603  

2019

     18,211  

Total

   $ 134,861