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Quarterly report pursuant to Section 13 or 15(d)

Courseware

v2.4.1.9
Courseware
 9 Months Ended
Jan. 31, 2015
Courseware [Abstract]  
Courseware

Note 5. Courseware

 

Courseware costs capitalized were $109,305 for the nine months ended January 31, 2015.

 

Courseware consisted of the following at January 31, 2015 and April 30, 2014:

 

                   
   

January 31,

   April 30,  
    2015   2014  

Courseware

   $ 2,213,343   $ 2,104,038  

Accumulated amortization

     (2,055,063 )    (1,995,156 ) 

Courseware, net

   $ 158,280   $ 108,882  

 

Amortization expense of courseware for the three months and nine months ended January 31, 2015 and 2014:

 

  For the   For the  
  Three Months Ended   Nine Months Ended  
  January 31,   January 31,  
  2015   2014   2015   2014  
                         

Amortization Expense
19,407  
25,025  
59,907  
83,227  
                         

The following is a schedule of estimated future amortization expense of courseware at January 31, 2015:

 

         

Year Ending April 30,

    

2015

   $ 18,464  

2016

     50,891  

2017

     32,257  

2018

     24,168  

2019

     32,500  

Total

   $ 158,280