探花视频app

Annual report pursuant to Section 13 and 15(d)

Courseware

v3.7.0.1
Courseware
12 Months Ended
Apr. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Courseware

Note 6. Courseware


Courseware costs capitalized were $8,800 and $90,624 for the years ended April 30, 2017 and 2016 respectively. During September 2015, $1,970,670 of fully amortized courseware was written off against the accumulated amortization. In subsequent periods, certain other fully expired courseware has been written off in the same way. There is no expense impact for such write-offs.


Courseware consisted of the following at April 30, 2017 and April 30, 2016:


 

 

April 30,

 

 

April 30,

 

 

 

2017

 

 

2016

 

Courseware

 

$

271,777

 

 

$

319,267

 

Accumulated amortization

 

 

(126,300

)

 

 

(124,335

)

Courseware, net

 

$

145,477

 

 

$

194,932

 


Amortization expense of courseware for the years ended April 30, 2017 and 2016:


 

 

For the

 

 

 

Years Ended

April 30,

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

Amortization Expense

 

$

58,254

 

 

$

69,003

 


The following is a schedule of estimated future amortization expense of courseware at April 30, 2017:


Year Ending April 30,

 

 

 

2018

 

$

50,942

 

2019

 

 

49,469

 

2020

 

 

35,627

 

2021

 

 

8,663

 

2022

 

 

776

 

Total

 

$

145,477