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Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v2.4.0.8
Significant Accounting Policies (Tables)
3 Months Ended
Jul. 31, 2014
Significant Accounting Policies [Abstract]  
Schedule of Reclassifications

As a result, the following reclassification was made for the quarter ended July 31, 2013:


             

Revenue as

 

 

 

 

 

Revenue as

Originally Reported

 

 

Adjustment

 

 

Adjusted

 

 

 

 

 

 

 

$929,993

 

 

$28,794

 

 

$901,199


The Company reclassified $103,711, from Cost of Revenues to General and Administrative, both within Operating Expenses for the three months ending July 31, 2013, to conform to the current period presentation.


                                                 

 

 

For the 3 Months ended July 31, 2013

 

 

 

Reclassifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dues,

 

 

Internet

 

 

 

 

 

 

 

 

 

 

 

 

As Previously

 

 

Fees, &

 

 

Related

 

 

Marketing

 

 

Library

 

 

As

 

 

 

Reported

 

 

Licenses

 

 

Expense

 

 

Fees

 

 

Services

 

 

Reclassified

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructional

 

 

224,381

 

 

 

(30,335

)

 

 

(31,576

)

 

 

 

 

 

200

 

 

 

162,670

 

Marketing

 

 

335,089

 

 

 

 

 

 

 

 

 

 

 

(42,000

)

 

 

 

 

 

 

293,089

 

Cost of Revenues

 

$

559,470

 

 

 

(30,335

)

 

 

(31,576

)

 

 

(42,000

)

 

 

200

 

 

$

455,759

 

General and administrative

 

 

1,373,056

 

 

 

30,335

 

 

 

31,576

 

 

 

42,000

 

 

 

(200

)

 

 

1,476,767

 

Depreciation and amortization

 

 

109,435

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

109,435

 

Total Operating Expenses

 

$

2,041,961

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,041,961