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Leases (Tables)
12 Months Ended
Apr. 30, 2022
Leases [Abstract]  
Schedule of Right-of-Use Assets and Operating Lease Liabilities
ROU assets are summarized below:
April 30,
20222021
ROU assets - Operating facility leases$15,958,721 $14,308,296 
Less: accumulated amortization(3,312,771)(1,593,433)
Total ROU assets$12,645,950 $12,714,863 

Operating lease obligations, related to the ROU assets are summarized below:
April 30,
20222021
Total lease liabilities$22,517,355 $19,946,229 
Reduction of lease liabilities(3,671,466)(1,617,600)
Total operating lease obligations$18,845,889 $18,328,629 
Future Minimum Payments Under Operating Leases
The following is a schedule by future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of April 30, 2022 (a) (by fiscal year).
Maturity of Lease ObligationsLease Payments
2023$4,323,543 
20244,021,638 
20253,805,716 
20263,911,083 
20273,991,386 
Thereafter7,971,839 
Total future minimum lease payments28,025,205 
Less: imputed interest(9,179,316)
Present value of operating lease liabilities$18,845,889 
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(a) Lease payments exclude $3.7 million of legally binding minimum lease payments for the new BSN Pre-Licensure campus location in Atlanta, Georgia for its lease signed but not yet commenced.
Schedule of Balance Sheet Information Related to Leases
April 30,
Balance Sheet Classification20222021
Operating lease obligations, current portion$2,036,570 $2,029,821 
Operating lease obligations, less current portion16,809,319 16,298,808 
Total operating lease obligations$18,845,889 $18,328,629 
Schedule of Other Information Related to Leases
April 30,
Other Information20222021
Weighted average remaining lease term (in years)6.817.46
Weighted average discount rate12 %12 %