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Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.10.0.1
Courseware and Accreditation
6 Months Ended
Oct. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Courseware and Accreditation

Note 4. Courseware and Accreditation


Courseware costs capitalized were $28,721 for the six months ended October 31, 2018. As courseware reaches the end of its useful life, it is written off against the accumulated amortization. There is no expense impact for such write-offs.


Courseware consisted of the following at October 31, 2018 and AprilÌý30, 2018:


Ìý

Ìý

October 31,

Ìý

Ìý

April 30,

Ìý

Ìý

Ìý

2018

Ìý

Ìý

2018

Ìý

Courseware

Ìý

$

325,286

Ìý

Ìý

$

298,064

Ìý

Accreditation

Ìý

Ìý

57,100

Ìý

Ìý

Ìý

—

Ìý

Accumulated amortization

Ìý

Ìý

(189,734

)

Ìý

Ìý

(159,905

)

Courseware, net

Ìý

$

192,652

Ìý

Ìý

$

138,159

Ìý


The Company incurred $57,100 in accreditation costs associated with intangible assets which were capitalized during the six months ended October 31, 2018.


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


Ìý

Ìý

For the

Ìý

Ìý

Ìý

For the

Ìý

Ìý

Ìý

Three Months Ended

October 31,

Ìý

Ìý

Ìý

Six Months Ended

October 31,

Ìý

Ìý

Ìý

2018

Ìý

Ìý

2017

Ìý

Ìý

Ìý

2018

Ìý

Ìý

2017

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Amortization Expense

Ìý

$

15,960

Ìý

Ìý

$

13,686

Ìý

Ìý

Ìý

$

31,331

Ìý

Ìý

$

27,323

Ìý


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


Year Ending April 30,

Ìý

Ìý

Ìý

2019

Ìý

$

36,070

Ìý

2020

Ìý

Ìý

62,470

Ìý

2021

Ìý

Ìý

35,505

Ìý

2022

Ìý

Ìý

27,632

Ìý

2023

Ìý

Ìý

22,079

Ìý

Thereafter

Ìý

Ìý

8,896

Ìý

Total

Ìý

$

192,652

Ìý