Intangible Assets

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Intangible Assets

Intangible assets consisted of the following at March 31, 2012 and December 31, 2011:

	March 31, 2012			December 31, 2011
Course curricula	$	2,075,438		$	2,072,238
Call center		1,065,638			927,455
		3,141,076			2,999,693
Accumulated amortization		(1,845,308	)		(1,762,697	)
Intangible assets, net	$	1,295,768		$	1,236,996

The following is a schedule of estimated future amortization expense of intangible assets as of March 31, 2012:

Year Ending December 31,
2012	$	350,416
2013		317,539
2014		276,906
2015		238,830
2016		112,077
Total	$	1,295,768

Amortization expense for the three months ended March 31, 2012 and 2011 was $82,611 and $49,992, respectively.