桃汁影院, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Courseware

Courseware

12 Months Ended

Apr. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Note 6. Courseware

Courseware costs capitalized were $90,624 and $143,753 for the years ended April 30, 2016 and 2015 respectively. During September 2015, $1,970,670 of fully amortized courseware was written off against the accumulated amortization. There was no expense impact to this write-off.

Courseware consisted of the following at April 30, 2016 and April 30, 2015:

	April 30,			April 30,
	2016			2015
Courseware	$	319,267		$	2,247,790
Accumulated amortization		(124,335	)		(2,074,479	)
Courseware, net	$	194,932		$	173,311

Amortization expense of courseware for the years ended April 30, 2016 and 2015:

	For the
	Years Ended April 30,
	2016		2015

Amortization Expense	$	69,003	$	79,323

The following is a schedule of estimated future amortization expense of courseware at April 30, 2016:

Year Ending April 30,
2017	$	57,271
2018		49,182
2019		47,709
2020		33,867
2021		6,903
Total	$	194,932