ÎÞÓǶÌÊÓƵ

Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.19.2
Courseware and Accreditation
3 Months Ended
Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Courseware and Accreditation

Note 5. Courseware and Accreditation


Courseware costs capitalized were $1,525 for the three months ended July 31, 2019 and $34,422 for the year ended April 30, 2019. As courseware reaches the end of its useful life, it is written off against the accumulated amortization. There is no expense impact for such write-offs.


Courseware consisted of the following at July 31, 2019 and April 30, 2019:


Ìý

Ìý

July 31,

2019

Ìý

Ìý

April 30,

2019

Ìý

Courseware

Ìý

$

324,512

Ìý

Ìý

$

325,987

Ìý

Accreditation

Ìý

Ìý

57,850

Ìý

Ìý

Ìý

57,100

Ìý

Accumulated amortization

Ìý

Ìý

(237,299

)

Ìý

Ìý

(221,157)

Ìý

Courseware, net

Ìý

$

145,063

Ìý

Ìý

$

161,930

Ìý


The Company had capitalized accreditation costs of $750 and $57,100 for the three months ended July 31, 2019 and year ended April 30, 2019.


Amortization expense of courseware for the three months ended July 31, 2019 and 2018:


Ìý

Ìý

Ìý

Ìý

Ìý

Three Months Ended

July 31,

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2019

Ìý

Ìý

2018

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Amortization expense

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

$

19,142

Ìý

Ìý

$

15,371

Ìý


The following is a schedule of estimated future amortization expense of courseware at July 31, 2019:


Year Ending July 31,

Ìý

Future Expense

Ìý

2020

Ìý

$

44,847

Ìý

2021

Ìý

Ìý

37,100

Ìý

2022

Ìý

Ìý

29,213

Ìý

2023

Ìý

Ìý

23,673

Ìý

2024

Ìý

Ìý

10,171

Ìý

Thereafter

Ìý

Ìý

59

Ìý

Total

Ìý

$

145,063

Ìý