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Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.19.1
Courseware and Accreditation
9 Months Ended
Jan. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Courseware and Accreditation

Note 4. Courseware and Accreditation


Courseware costs capitalized were $32,473 for the nine months ended January 31, 2019. 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 January 31, 2019 and AprilÌý30, 2018:


Ìý

Ìý

January 31,

Ìý

Ìý

April 30,

Ìý

Ìý

Ìý

2019

Ìý

Ìý

2018

Ìý

Courseware

Ìý

$

326,037

Ìý

Ìý

$

298,064

Ìý

Accreditation

Ìý

Ìý

57,100

Ìý

Ìý

Ìý

—

Ìý

Accumulated amortization

Ìý

Ìý

(203,983

)

Ìý

Ìý

(159,905

)

Courseware, net

Ìý

$

179,154

Ìý

Ìý

$

138,159

Ìý


The Company incurred $57,100 in accreditation costs associated with intangible assets which were capitalized during the nine months ended January 31, 2019.


Amortization expense of courseware for the three and nine months ended January 31, 2019 and 2018:


Ìý

Ìý

For the

Ìý

Ìý

For the

Ìý

Ìý

Ìý

Three Months Ended

January 31,

Ìý

Ìý

Nine Months Ended

January 31,

Ìý

Ìý

Ìý

2019

Ìý

Ìý

2018

Ìý

Ìý

2019

Ìý

Ìý

2018

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Amortization Expense

Ìý

$

17,249

Ìý

Ìý

$

13,966

Ìý

Ìý

$

48,578

Ìý

Ìý

$

41,289

Ìý


The following is a schedule of estimated future amortization expense of courseware at January 31, 2019:


Year Ending April 30,

Ìý

Ìý

Ìý

2019

Ìý

$

19,110

Ìý

2020

Ìý

Ìý

63,220

Ìý

2021

Ìý

Ìý

36,255

Ìý

2022

Ìý

Ìý

28,382

Ìý

2023

Ìý

Ìý

22,829

Ìý

Thereafter

Ìý

Ìý

9,358

Ìý

Total

Ìý

$

179,154