Schedule of Reclassifications |
For the three and the nine months ending January 31, 2014, the Company reclassified $55,314 and $168,155 respectively, from Cost of Revenues to General and Administrative, both within Operating Expenses, to conform to the current period presentation.
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For the 9 Months ended January 31, 2014
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Reclassifications
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Dues,
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Internet
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As Previously
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Fees, &
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Related
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Marketing
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Library
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As
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Reported
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Licenses
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Expense
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Fees
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Services
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Reclassified
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Operating Expenses:
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Instructional
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$
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734,597
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(55,127
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)
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(113,028
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)
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$
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566,442
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Marketing
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824,002
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824,002
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Cost of Revenues
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$
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1,558,599
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(55,127
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)
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(113,028
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)
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$
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1,390,444
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Receivable collateral valuation reserve
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123,647
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123,647
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General and administrative
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4,698,343
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55,127
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113,028
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4,866,498
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Depreciation and amortization
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350,990
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350,990
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Total Operating Expenses
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$
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6,731,579
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$
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6,731,579
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For the 3 Months ended January 31, 2014
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Reclassifications
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Dues,
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Internet
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As Previously
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Fees, &
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Related
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Marketing
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Library
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As
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Reported
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Licenses
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Expense
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Fees
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Services
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Reclassified
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Operating Expenses:
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Instructional
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$
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285,221
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(14,878
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)
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(40,436
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)
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$
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229,907
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Marketing
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270,404
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270,404
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Cost of Revenues
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$
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555,625
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(14,878
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)
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(40,436
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)
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$
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500,311
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Receivable collateral valuation reserve
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123,647
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123,647
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General and administrative
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1,697,403
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14,878
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40,436
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1,752,717
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Depreciation and amortization
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121,904
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121,904
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Total Operating Expenses
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$
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2,498,579
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$
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2,498,579
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