桃汁影院, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

Courseware and Accreditation

3 Months Ended

Jul. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Note 4. Courseware and Accreditation

Courseware costs capitalized were $19,568 for the three months ended July 31, 2018. Fully expired courseware is written off against the accumulated amortization. There is no expense impact for such write-offs.

Courseware consisted of the following at July 31, 2018 and April 30, 2018:


	July 31,			April 30,
	2018			2018
Courseware	$	317,632		$	298,064
Accreditation		23,350			—
Accumulated amortization		(175,277	)		(159,905	)
Courseware, net	$	165,705		$	138,159

The Company incurred $23,350 in accreditation costs associated with intangible assets which were capitalized during the three months ended July 31, 2018.

Amortization expense of courseware for the three months ended July 31, 2018 and 2017:


	For the Three Months Ended
	July 31,
	2018		2017

Amortization Expense		15,371		13,638

The following is a schedule of estimated future amortization expense of courseware at July 31, 2018:


Year Ending April 30,
2019	$	52,358
2020		53,889
2021		26,924
2022		19,036
2023		13,498
Total	$	165,705