Property and Equipment (Tables)
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12 Months Ended |
Apr. 30, 2021 |
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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 at AprilÌý30, 2021 and 2020:
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April 30, |
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2021 |
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2020 |
| Computer equipment and hardware |
$ |
956,463Ìý |
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$ |
649,927Ìý |
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| Furniture and fixtures |
1,705,101Ìý |
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|
1,007,099Ìý |
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| Leasehold improvements |
5,729,324Ìý |
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|
867,024Ìý |
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| Instructional equipment |
421,039Ìý |
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301,842Ìý |
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| Software |
8,488,635Ìý |
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6,162,770Ìý |
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| Construction in progress |
247,767Ìý |
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—Ìý |
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17,548,329Ìý |
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8,988,662Ìý |
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| ÌýÌýÌýLess: accumulated depreciation and amortization |
(4,892,987) |
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(2,841,019) |
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| Property and equipment, net |
$ |
12,655,342Ìý |
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$ |
6,147,643Ìý |
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| Schedule of Software |
Software consisted of the following at AprilÌý30, 2021 and 2020:
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April 30, |
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2021 |
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2020 |
Software |
$ |
8,488,635Ìý |
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$ |
6,162,770Ìý |
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| Accumulated amortization |
(3,444,325) |
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(2,049,809) |
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Software, net |
$ |
5,044,310Ìý |
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$ |
4,112,961Ìý |
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Courseware and accreditation consisted of the following:
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April 30, |
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2021 |
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2020 |
| Courseware |
$ |
408,222Ìý |
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$ |
287,813Ìý |
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| Accreditation |
59,350Ìý |
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|
59,350Ìý |
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467,572Ìý |
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347,163Ìý |
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| Accumulated amortization |
(280,276) |
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(235,706) |
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| Courseware and accreditation, net |
$ |
187,296Ìý |
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$ |
111,457Ìý |
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| Schedule of Depreciation and Amortization Expense |
Depreciation and amortization expense for property and equipment as well as the portion for just software amortization is presented below for the years ended AprilÌý30, 2021 and 2020:
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Years Ended April 30, |
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2021 |
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2020 |
| Depreciation and amortization expense |
$ |
2,381,656Ìý |
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$ |
1,497,470Ìý |
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| Software amortization expense |
$ |
1,405,756Ìý |
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$ |
1,013,466Ìý |
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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, 2021 (by fiscal year):
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Future Expense |
| 2022 |
$ |
1,562,515Ìý |
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| 2023 |
1,401,634Ìý |
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| 2024 |
1,111,974Ìý |
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| 2025 |
707,172Ìý |
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| 2026 |
251,568Ìý |
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| Thereafter |
9,447Ìý |
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| Total |
$ |
5,044,310Ìý |
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The following is a schedule of estimated future amortization expense of courseware and accreditation at AprilÌý30, 2021 (by fiscal year):
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Future Expense |
| 2022 |
$ |
55,612Ìý |
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| 2023 |
50,087Ìý |
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| 2024 |
36,540Ìý |
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| 2025 |
25,452Ìý |
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| 2026 |
18,977Ìý |
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| Thereafter |
628Ìý |
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| Total |
$ |
187,296Ìý |
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