| Schedule of Discontinued Operations |
The following table shows the results of the "Smart Home Integration Certificate" program component included in the income (loss) from discontinued operations:
| | | | | | | | | | | | | | | | | |
| | | For the | | | For the | |
| | | Three Months Ended January 31, | | | Nine Months Ended January 31, | |
| | | 2014 | | | 2013 | | | 2014 | | | 2013 | |
| | | | | | | | | | | | | |
| Revenues | | $ | - | | | $ | 202,571 | | | $ | 549,125 | | | $ | 1,290,508 | |
| | | | | | | | | | | | | | | | | |
| Costs and expenses: | | | | | | | | | | | | | | | | |
| Instructional costs and services | | | - | | | | 182,794 | | | | 494,21 3 | | | | 1,130,556 | |
| General and administrative | | | (29,751 | ) | | | 170,000 | | | | (29,751 | ) | | | 170,000 | |
| Total costs and expenses | | | (29,751 | ) | | | 352,794 | | | | 464,462 | | | | 1,300,556 | |
| | | | | | | | | | | | | | | | | |
| Income (loss) from discontinued operations, net of income taxes | | $ | 29,751 | | | $ | (150,223 | ) | | $ | 84,663 | | | $ | (10,048 | ) |
The major classes of assets and liabilities of discontinued operations on the balance sheet are as follows:
| | | | | | | | | |
| | | January 31, | | | April 30, | |
| | | 2014 | | | 2013 | |
| Assets | | | | | | |
| Cash and cash equivalents | | $ | - | | | $ | - | |
| Accounts receivable, net of allowance of $481,531 and $295,045, respectively | | | 5,250 | | | | 113,822 | |
| Other current assets | | | - | | | | - | |
| Net assets from discontinued operations | | $ | 5,250 | | | $ | 113,822 | |
| | | | | | | | | |
| Liabilities | | | | | | | | |
| Accounts payable | | $ | 11,475 | | | $ | 1,178 | |
| Accrued expenses | | | - | | | | 70,201 | |
| Deferred revenue | | | - | | | | 53,125 | |
| Net liabilities from discontinued operations | | $ | 11,475 | | | $ | 124,504 | |
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