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Courseware (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Intangible Assets

Courseware consisted of the following at March 31, 2013 and December 31, 2012:


                 

 

 

March 31,

2013

 

 

December 31,

2012

 

Courseware

 

$

2,097,538

 

 

$

2,097,538

 

Accumulated amortization

 

 

(1,878,979

)

 

 

(1,843,967

)

Courseware, net

 

$

218,559

 

 

$

253,571

 


Courseware consisted of the following at December 31, 2012 and 2011:


                 

 

 

December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

 

 

Courseware

 

$

2,097,538

 

 

$

2,072,238

 

Accumulated amortization

 

 

(1,843,967

)

 

 

(1,702,407

)

Courseware, net

 

$

253,571

 

 

$

369,831

 


Estimated future amortization expense

The following is a schedule of estimated future amortization expense of courseware at March 31, 2013:


         

Year Ending December 31,

 

 

 

2013

 

$

85,808

 

2014

 

 

77,757

 

2015

 

 

39,616

 

2016

 

 

12,738

 

2017

 

 

2,640

 

Total

 

$

218,559

 


The following is a schedule of estimated future amortization expense of courseware at December 31, 2012:


         

Year Ending December 31,

 

 

 

2013

 

$

120,819

 

2014

 

 

77,757

 

2015

 

 

39,616

 

2016

 

 

12,738

 

2017

 

 

2,641

 

Total

 

$

253,571