Leases (Tables)

12 Months Ended

Apr. 30, 2020

Leases [Abstract]

Future Minimum Payments Under Operating Leases

The following is a schedule by years of future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of April 30, 2020 ^(a).

Maturity of Lease Obligations	Lease Payments
2021	$	2,409,191
2022	2,250,755
2023	1,686,197
2024	1,488,839
2025	1,136,640
Thereafter	779,286
Total	9,750,908
Less Interest	(2,382,321)
Present value of operating lease obligations	$	7,368,587

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^(a) _{Lease payments exclude $4.3 million of legally binding minimum lease payments for the new Aspen University BSN Pre-Licensure campus location in Austin, Texas lease signed but not yet commenced. Prior to commencing its Austin campus operations, Aspen is required to obtain approvals from the Texas Board of Nursing.}

Schedule of Balance Sheet Information Related to Leases

Balance Sheet Classification
Operating lease obligations, current	$	1,683,252
Operating lease obligations, long-term	5,685,335
Total operating lease obligations	$	7,368,587

Other Information
Weighted average remaining lease term	4.6
Weighted average discount rate	12.06	%