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Leases (Tables)
3 Months Ended
Jul. 31, 2021
Leases [Abstract]  
Schedule of Right-of-Use Assets and Operating Lease Liabilities
ROU assets are summarized below:
July 31, 2021April 30, 2021
ROU assets - Operating facility leases$14,308,296 $14,308,296 
Less: accumulated reduction(2,065,840)(1,593,433)
Total ROU assets$12,242,456 $12,714,863 

Operating lease obligations, related to the ROU assets are summarized below:
July 31, 2021April 30, 2021
Total lease liabilities$19,946,229 $19,946,229 
Reduction of lease liabilities(1,995,109)(1,617,600)
Total operating lease obligations$17,951,120 $18,328,629 
Future Minimum Payments Under Operating Leases
The following is a schedule by fiscal years of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of July 31, 2021 (a) (by fiscal year) .
Maturity of Lease ObligationsLease Payments
2022 (remaining)$3,076,200 
20233,647,737 
20243,514,179 
20253,288,066 
20263,383,530 
Thereafter10,417,592 
Total future minimum lease payments27,327,304 
    Less: imputed interest(9,376,184)
Present value of operating lease liabilities$17,951,120 
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(a) Lease payments exclude $3.5 million of legally binding minimum lease payments for the new BSN Pre-Licensure campus location in Nashville, Tennessee lease signed but not yet commenced.
Schedule of Balance Sheet Information Related to Leases
Balance Sheet ClassificationJuly 31, 2021April 30, 2021
Operating lease obligations, current portion$2,086,076 $2,029,821 
Operating lease obligations, less current portion15,865,044 16,298,808 
Total operating lease liabilities$17,951,120 $18,328,629 
Schedule of Other Information Related to Leases
Other InformationJuly 31, 2021
Weighted average remaining lease term (in years)7.29
Weighted average discount rate12 %