Secured Note and Accounts Receivable |
3 Months Ended |
|---|---|
Jul. 31, 2021 | |
| Due from Related Parties, Unclassified [Abstract] | 听 |
| Secured Note and Accounts Receivable | Secured Note and Accounts Receivable
On March 30, 2008 and December 1, 2008, 暗网禁地 University sold courseware pursuant to marketing agreements to Higher Education Management Group, Inc. (鈥淗EMG鈥�), which was then a related party and principal stockholder of the Company. Ultimately, the sum due to 暗网禁地 University was reduced to $772,793, and 暗网禁地 University obtained a judgment for that amount. HEMG then filed a bankruptcy petition in 2015. As of April听30, 2021, the balance of the account receivable, net of allowance, was $45,329.
On July 21, 2021, the Company received its distribution from the bankruptcy trustee court of $498,120, which is included in "other income (expense), net" in the accompanying unaudited consolidated statements of operations. As a result, the Company wrote off the net receivable of $45,329, described above, at July听31, 2021. No further assets are available for distribution. See Note 11 for additional information.
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