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Quarterly report pursuant to sections 13 or 15(d)

Courseware

v2.4.0.8
Courseware
9 Months Ended
Jan. 31, 2014
Courseware [Abstract]  
Courseware

Note 5. Courseware


Courseware costs capitalized were $4,500 for the nine months ended January 31, 2014.


Courseware consisted of the following at January 31, 2014 and April 30, 2013:


                 

 

 

January 31,

 

 

April 30,

 

 

 

2014

 

 

2013

 

Courseware

 

$

2,102,037

 

 

$

2,097,538

 

Accumulated amortization

 

 

(1,972,670

)

 

 

(1,889,443

)

Courseware, net

 

$

129,367

 

 

$

208,095

 


Amortization expense of courseware for the three months ended January 31, 2014 and 2013 was $25,025 and $34,379, respectively. Amortization expense of courseware for the nine months ended January 31, 2014 and 2013 was $83,227 and $105,137, respectively.


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


         

Year Ending April 30,

 

 

 

2014

 

$

22,453

 

2015

 

 

65,917

 

2016

 

 

28,630

 

2017

 

 

9,996

 

2018

 

 

2,371

 

Total

 

$

129,367