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Quarterly report pursuant to sections 13 or 15(d)

5. Courseware

v2.4.0.6
5. Courseware
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
5. Courseware

Courseware costs capitalized were $0 and $3,200 for the three months ended March 31, 2013 and 2012, respectively.

 

Courseware consisted of the following at March 31, 2013 and December 31, 2012:

 

    March 31, 2013     December 31, 2012  
Courseware   $ 2,097,538     $ 2,097,538  
Accumulated amortization     (1,878,979 )     (1,843,967 )
Courseware, net   $ 218,559     $ 253,571  

 

Amortization expense of courseware for the three months ended March 31, 2013 and 2012 was $35,012 and $36,238, respectively.

  

The following is a schedule of estimated future amortization expense of courseware at March 31, 2013:

 

Year Ending December 31,      
2013   $ 85,808  
2014     77,757  
2015     39,616  
2016     12,738  
2017     2,640  
Total   $ 218,559