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Quarterly report pursuant to Section 13 or 15(d)

Courseware and Accreditation

v3.19.2
Courseware and Accreditation
3 Months Ended
Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Courseware and Accreditation

Note 5. Courseware and Accreditation


Courseware costs capitalized were $1,525 for the three months ended July 31, 2019 and $34,422 for the year ended April 30, 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 July 31, 2019 and April 30, 2019:


July 31,

2019

April 30,

2019

Courseware

$

324,512

$

325,987

Accreditation

57,850

57,100

Accumulated amortization

(237,299

)

(221,157)

Courseware, net

$

145,063

$

161,930


The Company had capitalized accreditation costs of $750 and $57,100 for the three months ended July 31, 2019 and year ended April 30, 2019.


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


Three Months Ended

July 31,

2019

2018

Amortization expense

$

19,142

$

15,371


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


Year Ending July 31,

Future Expense

2020

$

44,847

2021

37,100

2022

29,213

2023

23,673

2024

10,171

Thereafter

59

Total

$

145,063