Property and Equipment (Tables)
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12 Months Ended |
Apr. 30, 2022 |
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| Property, Plant and Equipment [Abstract] |
Ìý
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| Schedule of Property and Equipment |
Property and equipment consisted of the following:
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April 30, |
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2022 |
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2021 |
| ÌýÌýÌýComputer equipment and hardware |
$ |
1,516,475Ìý |
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$ |
956,463Ìý |
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| ÌýÌýÌýFurniture and fixtures |
2,193,261Ìý |
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1,705,101Ìý |
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| ÌýÌýÌýLeasehold improvements |
7,179,896Ìý |
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5,729,324Ìý |
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| ÌýÌýÌýInstructional equipment |
715,652Ìý |
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421,039Ìý |
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| ÌýÌýÌýSoftware |
10,285,096Ìý |
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8,488,635Ìý |
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| ÌýÌýÌýConstruction in progress |
2,100Ìý |
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247,767Ìý |
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21,892,480Ìý |
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17,548,329Ìý |
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| Accumulated depreciation and amortization |
(8,395,001) |
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(4,892,987) |
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| ÌýÌýÌýÌýÌýÌýProperty and equipment, net |
$ |
13,497,479Ìý |
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$ |
12,655,342Ìý |
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| Schedule of Software |
Software consisted of the following:
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April 30, |
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2022 |
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2021 |
Software |
$ |
10,285,096Ìý |
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$ |
8,488,635Ìý |
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| Accumulated amortization |
(5,170,943) |
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(3,444,325) |
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Software, net |
$ |
5,114,153Ìý |
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$ |
5,044,310Ìý |
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Courseware and accreditation consisted of the following:
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April 30, |
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2022 |
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2021 |
| Courseware |
$ |
575,283Ìý |
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$ |
408,222Ìý |
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| Accreditation |
59,350Ìý |
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59,350Ìý |
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634,633Ìý |
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467,572Ìý |
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| Accumulated amortization |
(360,586) |
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(280,276) |
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| Courseware and accreditation, net |
$ |
274,047Ìý |
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$ |
187,296Ìý |
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| Schedule of Depreciation and Amortization Expense |
Depreciation and amortization expense for property and equipment and software is summarized below:
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Years Ended April 30, |
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2022 |
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2021 |
| Depreciation and amortization expense: |
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| Property and equipment, excluding software |
$ |
1,555,119Ìý |
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$ |
975,900Ìý |
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| Software amortization expense |
$ |
1,726,618Ìý |
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$ |
1,405,756Ìý |
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| Schedule of Estimated Future Amortization Expense of Software |
The following is a schedule of estimated future amortization expense of software at AprilÌý30, 2022 (by fiscal year):
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Future Expense |
| 2023 |
$ |
1,763,621Ìý |
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| 2024 |
1,473,045Ìý |
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| 2025 |
1,070,781Ìý |
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| 2026 |
610,861Ìý |
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| 2027 |
195,845Ìý |
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| Total |
$ |
5,114,153Ìý |
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The following is a schedule of estimated future amortization expense of courseware and accreditation at AprilÌý30, 2022 (by fiscal year):
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Future Expense |
| 2023 |
$ |
83,690Ìý |
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| 2024 |
70,142Ìý |
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| 2025 |
59,054Ìý |
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| 2026 |
52,579Ìý |
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| 2027 |
8,582Ìý |
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| Total |
$ |
274,047Ìý |
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