Aspen group, inc. (ASPU)
Balance Sheet / Yearly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Mar'13Dec'12Sep'12Jun'12Mar'12Feb'12Dec'11Nov'11Aug'11Feb'11Dec'10
Schedule of Finite-Lived Intangible Assets [Table]
Finite-Lived Intangible Assets [Line Items]
Assets
Current assets:
Cash

20,512

6,472

7,243

9,519

4,197

7,723

10,423

14,612

-

5,379

6,213

2,756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

456

454

-

448

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

3,803

-

-

-

897

707

480

783

1,522

1,008

1,672

2,159

1,158

2,101

1,416

247

850

1,096

641

724

479

577

2,477

265

246

0

766

1

-

11

294

Restricted cash

-

-

452

-

192

190

190

190

190

-

-

0

-

-

-

-

0

1,122

1,122

1,122

888

938

898

868

265

265

-

265

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

265

-

265

264

264

105

105

-

0

-

-

-

-

Accounts receivable, net of allowance of $1,759,824 and $1,247,031, respectively

14,128

12,813

10,786

10,656

9,278

10,040

8,091

6,802

8,592

6,390

5,066

4,434

4,536

3,484

2,760

2,051

2,056

1,553

1,285

1,058

888

680

671

649

659

617

493

364

327

239

726

1,094

1,162

-

215

-

-

-

1,064

Prepaid expenses

977

788

546

410

343

430

420

199

288

172

182

133

94

142

214

123

120

119

103

121

66

94

93

45

37

235

350

165

-

192

-

-

-

-

103

-

-

-

-

Accounts receivable, secured - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

772

-

772

-

-

-

780

Promissory note receivable

-

-

-

-

-

-

-

-

0

900

900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

150

-

-

-

0

Promissory note receivable

-

-

-

-

-

-

-

-

-

-

-

900

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

1

0

1

2

79

5

11

184

233

470

220

81

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest receivable

-

-

-

-

-

-

-

-

0

44

26

8

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net assets from discontinued operations (Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5

5

5

215

257

113

-

393

-

-

-

-

632

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157

-

80

116

125

-

-

-

-

-

5

Net assets from discontinued operations (Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

183

-

-

-

-

-

-

-

-

-

-

Other current assets

173

172

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

69

20

-

-

-

0

-

-

-

-

Total current assets

36,249

20,701

19,030

21,037

14,091

18,390

19,136

21,989

13,109

13,358

12,609

8,314

5,528

4,334

3,455

2,959

3,699

3,804

4,184

4,461

3,001

3,813

3,084

1,816

1,818

2,430

2,007

1,634

1,412

1,736

3,305

1,582

2,413

0

2,640

-

-

11

2,145

Property and equipment:
Call center equipment

305

270

245

193

173

166

158

140

96

82

77

53

33

39

33

79

133

132

132

132

132

132

122

122

122

122

121

121

-

121

-

-

-

-

121

-

-

-

-

Computer and office equipment

396

345

330

327

301

294

257

230

130

105

103

103

86

80

73

67

69

64

85

78

73

69

67

66

66

64

64

61

-

45

-

-

-

-

38

-

-

-

-

Furniture and fixtures

1,550

1,484

1,430

1,381

1,310

1,271

1,186

932

712

282

272

255

231

216

155

114

70

67

50

42

42

36

36

36

32

32

32

32

-

11

-

-

-

-

0

-

-

-

-

Call center equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121

-

-

-

-

-

-

-

-

-

-

Computer and office equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

-

-

-

-

-

-

-

-

-

-

Furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

-

-

-

-

-

-

-

-

-

-

Library (online)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

100

100

100

100

100

100

100

100

100

100

100

100

-

-

-

-

100

-

-

-

-

Software

5,725

5,178

4,765

4,314

3,869

3,485

3,119

2,878

2,590

2,459

2,198

2,131

2,091

2,451

2,321

2,567

2,515

2,421

2,336

2,244

2,147

2,061

1,975

1,894

1,809

1,722

1,619

1,518

-

-

-

-

-

-

-

-

-

-

-

Software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,491

1,388

-

-

-

-

927

-

-

-

-

Vehicle

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

39

-

-

-

-

Property and equipment, gross

7,978

7,279

6,771

6,216

5,654

5,217

4,721

4,182

3,528

2,931

2,651

2,544

2,443

2,787

2,584

2,829

2,789

2,686

2,704

2,598

2,496

2,399

2,302

2,219

2,131

2,042

1,937

1,833

-

1,667

-

-

-

-

1,227

-

-

-

-

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,806

-

-

-

-

-

-

-

-

-

-

Less accumulated depreciation and amortization

2,662

2,296

2,083

1,825

1,622

1,450

1,331

1,320

1,161

1,192

1,060

1,090

1,107

1,515

1,391

1,680

1,651

1,516

1,512

1,387

1,268

1,153

1,044

938

837

740

648

569

541

455

-

-

-

-

229

-

-

-

-

Total property and equipment, net

5,316

4,982

4,688

4,391

4,031

3,767

3,390

2,862

2,367

1,738

1,591

1,454

1,335

1,272

1,192

1,148

1,138

1,170

1,191

1,211

1,228

1,245

1,258

1,280

1,294

1,302

1,289

1,263

-

1,211

104

112

113

-

997

-

-

-

21

Goodwill

5,011

5,011

5,011

5,011

5,011

5,011

5,011

5,011

5,011

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

8,266

-

8,816

9,091

9,366

9,641

9,916

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

145

-

179

192

165

138

137

143

150

145

156

170

183

194

201

200

195

173

158

134

127

108

129

151

-

208

-

-

-

-

-

-

-

-

-

-

-

Courseware, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

178

-

-

253

-

-

-

-

369

-

-

-

-

Accounts receivable, secured - net of allowance of $625,963 and $625,963, respectively

45

45

45

45

45

45

45

45

45

45

45

45

45

45

45

45

45

45

45

45

146

146

146

146

146

270

270

270

-

-

-

-

-

-

-

-

-

-

-

Long term contractual accounts receivable

6,067

5,490

4,249

3,085

2,568

1,812

1,497

1,315

935

753

661

657

-

-

-

127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issue cost, net

211

250

271

300

330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

149

-

260

316

-

0

-

-

-

-

-

-

-

-

-

-

-

Right of use lease asset

7,693

7,953

7,996

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,265

-

-

-

-

-

-

-

-

-

-

Courseware, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

218

-

-

180

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,388

1,372

1,295

-

-

-

-

-

494

Accounts receivable, secured - related party, net of allowance of $502,315, $502,315 and $0, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

270

270

270

463

-

-

0

-

-

-

-

Deposits and other assets

349

324

562

629

607

605

584

584

585

89

56

56

56

54

54

31

45

33

26

26

26

25

25

25

25

25

25

25

25

25

6

6

6

-

6

-

-

-

6

Total assets

68,966

52,888

50,267

43,204

35,682

38,916

39,198

41,588

32,109

16,128

15,114

10,673

7,122

5,877

4,930

4,506

5,129

5,254

5,644

5,918

4,560

5,366

4,791

3,583

3,674

4,496

3,770

3,401

3,192

3,497

5,340

3,718

3,829

0

4,013

1

0

11

2,668

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

791

1,187

1,588

1,699

1,709

1,625

1,498

2,227

1,273

934

972

756

884

618

418

9

585

491

454

179

458

275

536

454

376

379

431

313

258

215

1,435

1,634

1,725

-

414

-

-

-

313

Accrued expenses

1,077

739

577

651

570

731

669

658

596

246

208

262

282

232

250

176

281

232

218

173

223

166

170

144

133

115

126

128

97

75

973

687

445

-

128

-

-

-

266

Deferred revenue

5,694

5,509

2,681

2,456

2,699

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

3,445

2,244

1,814

4,156

2,314

1,405

1,354

1,576

1,188

1,203

1,013

1,130

851

759

784

716

610

624

653

806

766

-

904

-

-

-

-

-

-

-

-

-

-

-

Refunds due students

2,311

1,902

1,591

1,174

1,370

1,181

1,118

815

730

734

390

310

235

278

121

110

499

460

350

280

373

433

356

288

-

-

-

253

-

-

-

-

-

-

-

-

-

-

-

Deferred rent, current portion

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

997

-

1,142

1,036

1,107

932

1,037

-

835

-

-

-

890

Notes payable, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

22

0

0

-

6

-

-

-

30

Loan payable to stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

1,000

0

0

0

0

0

0

-

0

-

-

-

-

Title IV Funds In Transit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

235

257

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent, current portion

-

-

53

47

18

12

10

8

7

7

9

11

13

13

8

2

0

1

3

7

11

13

14

13

12

12

-

10

-

-

-

-

-

-

-

-

-

-

-

Convertible notes payable- related party, current portion

-

-

-

-

-

-

-

-

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

-

7

6

5

5

4

-

4

-

-

-

2

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

3

2

4

-

Loan payable to stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

Convertible note payable

50

50

50

50

1,050

1,050

1,050

1,050

50

50

50

50

50

50

50

50

50

50

50

50

50

150

175

175

200

200

200

200

200

0

600

2,055

470

20

0

10

-

0

-

Senior secured loan payable, net of discount of $218,030 at October 31, 2019

-

9,781

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations, current portion

1,649

1,509

1,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debenture payable, net of discounts of $0 and $452,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,911

1,787

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Net liabilities from discontinued operations (Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

11

319

332

124

-

226

-

-

-

-

719

-

-

-

-

Other current liabilities

584

28

279

270

291

375

230

203

186

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

-

-

-

-

0

-

-

-

-

Net liabilities from discontinued operations (Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Accrued Interest - Convertible Loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Total current liabilities

12,160

20,709

7,921

6,350

7,709

8,422

6,822

6,777

8,001

4,287

3,035

2,746

3,041

2,382

2,052

1,362

2,546

2,087

1,835

1,476

1,833

1,649

3,789

3,516

1,776

2,051

3,100

1,935

1,831

1,630

4,144

5,316

3,684

21

2,107

13

-

4

1,502

Loan payable to officer - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-

-

-

0

0

0

0

-

200

-

-

-

200

Convertible notes, net of discount of $1,692,309 at January 31, 2020

8,307

-

-

0

-

1,000

1,000

1,000

1,000

-

-

0

300

300

300

300

600

600

600

600

600

600

600

600

600

600

600

600

600

800

200

200

200

-

0

-

-

-

-

Bank line of credit

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

1

249

249

249

243

243

244

244

244

244

244

245

250

250

250

215

222

227

-

233

-

-

-

243

Loan payable officer - related party

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

-

-

-

0

-

-

-

-

-

-

-

0

0

-

-

Senior secured loan payable, net of discount of $353,328 at April 30, 2019

0

0

9,712

9,646

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations

6,043

6,443

7,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

775

767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured term loan, net of discount

-

-

-

-

-

-

-

-

6,769

4,302

4,254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant Liability

-

-

-

-

-

-

-

-

0

52

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Third party line of credit, net of discounts of $96,875 and $0

-

-

-

-

-

-

-

-

-

-

-

-

1,153

643

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

52

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debenture payable, net of discounts of $573,060

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,666

1,542

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant derivative liability

-

-

-

-

-

-

-

-

-

-

-

52

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

704

746

705

527

292

77

60

30

32

34

35

38

47

29

-

-

-

-

0

1

3

7

11

15

-

21

-

-

-

-

-

-

-

-

-

-

-

Notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

8

-

-

-

15

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

20

15

16

18

19

-

21

-

-

-

25

Total liabilities

27,287

27,921

25,434

16,743

8,415

9,949

8,114

7,854

15,831

8,672

7,374

2,833

5,582

4,416

3,648

2,693

4,396

3,937

3,685

3,320

3,677

3,494

5,637

5,368

5,298

5,453

3,964

2,807

2,702

2,695

4,576

5,757

4,131

-

2,571

14

2

-

1,987

Commitments and contingencies – see Note 10

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

-

-

0

-

-

-

-

Stockholders' equity:
Total temporary equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

Series A preferred stock, $0.001 par value; 850,500 shares designated, none, none, and 850,395 shares issued and outstanding, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

809

-

-

-

0

Series D preferred stock, $0.001 par value; 3,700,000 shares designated, none, none, and 1,176,750 shares issued and outstanding, respectively (liquidation value of $1,176,750)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

1,109

-

-

-

0

Series E preferred stock, $0.001 par value; 2,000,000 shares designated, none, none, and 1,700,000 shares issued and outstanding, respectively (liquidation value of $1,700,000)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

1,550

-

-

-

0

Series A preferred stock, $0.001 par value; 850,500 shares designated, none and 850,395 shares issued and outstanding, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

Series D preferred stock, $0.001 par value; 3,700,000 shares designated, none and 1,176,750 shares issued and outstanding, respectively (liquidation value of $1,176,750)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

Series E preferred stock, $0.001 par value; 2,000,000 shares designated, none and 1,700,000 shares issued and outstanding, respectively (liquidation value of $1,700,000)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

Total temporary equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

3,469

-

-

-

-

Preferred stock, $0.001 par value; 1,000,000 shares authorized, 0 issued and outstanding at October 31, 2019 and April 30, 2019

0

0

-

0

-

0

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

0

-

0

0

-

-

0

0

Series C preferred stock, $0.001 par value; 11,411,400 shares designated, none, none, and 11,307,450 shares issued and outstanding, respectively (liquidation value of $11,307)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

11

-

-

-

0

Series B preferred stock, $0.001 par value; 368,421 shares designated, none, none, and 368,411 shares issued and outstanding, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

0

-

-

-

0

Common stock, $0.001 par value; 40,000,000 shares authorized, 19,142,316 issued and 19,125,649 outstanding at October 31, 2019; 18,665,551 issued and 18,648,884 outstanding at April 30, 2019

21

19

18

18

18

18

18

18

15

13

13

13

11

137

137

11

128

128

128

128

113

112

88

73

69

59

59

58

-

55

-

-

-

48

11

12

12

48

-

Series C preferred stock, $0.001 par value; 11,411,400 shares designated, none and 11,307,450 shares issued and outstanding, respectively (liquidation value of $11,307)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

Series B preferred stock, $0.001 par value; 368,421 shares designated, none and 368,411 shares issued and outstanding, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

Common stock, $0.001 par value; 120,000,000 shares authorized, 56,858,005 issued and 56,658,005 outstanding at March 31, 2013 and 55,243,719 issued and 55,043,719 outstanding at December 31, 2012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

-

53

35

35

-

-

-

-

-

21

Additional paid-in capital

88,772

69,781

69,146

68,562

67,758

67,102

66,744

66,557

45,439

34,471

34,274

33,607

26,585

26,386

26,325

26,477

25,171

25,080

24,977

24,898

22,170

21,915

18,091

16,302

15,343

14,294

13,662

13,345

12,789

12,153

11,212

6,845

6,778

-27

3,275

8

8

-27

3,850

Treasury stock (16,667 shares)

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

70

-

70

-

-

-

-

0

-

-

-

-

Treasury stock (200,000 shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-70

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-47,044

-44,763

-44,261

-42,049

-40,440

-38,084

-35,609

-32,771

-29,107

-26,959

-26,477

-25,710

-24,986

-24,994

-25,110

-24,605

-24,496

-23,821

-23,077

-22,358

-21,330

-20,085

-18,954

-18,090

-16,967

-15,241

-13,845

-12,740

-12,285

-11,337

-10,502

-8,919

-7,116

-

-5,326

-

-

-

-3,190

Deficit accumulated during development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

-

-

-

13

-

Deficit accumulated during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

23

-

-

Total stockholders’ equity

41,679

24,967

24,833

26,461

27,266

28,966

31,084

33,733

16,277

7,455

7,740

7,840

1,539

1,460

1,282

1,812

733

1,316

1,958

2,598

883

1,871

-845

-1,784

-1,624

-957

-194

594

490

801

763

-2,038

-302

-20

-2,027

-8

-2

7

681

Total liabilities and stockholders’ equity

68,966

52,888

50,267

43,204

35,682

38,916

39,198

41,588

32,109

16,128

15,114

10,673

7,122

5,877

4,930

4,506

5,129

5,254

5,644

5,918

4,560

5,366

4,791

3,583

3,674

4,496

3,770

3,401

3,192

3,497

5,340

3,718

3,829

0

4,013

1

0

11

2,668

Intangible Assets Other Than Courseware and Accreditation
Intangible assets, net

7,900

7,991

-

8,541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Courseware and Accreditation
Intangible assets, net

121

135

-

161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-