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Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations and Liquidity - Narrative (Details)

v3.20.4
Nature of Operations and Liquidity - Narrative (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Jan. 22, 2020
USD ($)
Mar. 06, 2019
USD ($)
agreement
Nov. 05, 2018
USD ($)
Mar. 31, 2019
USD ($)
agreement
Apr. 30, 2021
USD ($)
Jan. 31, 2021
USD ($)
student
subsidiary
Jan. 31, 2021
USD ($)
student
subsidiary
Jan. 31, 2020
USD ($)
Apr. 30, 2020
USD ($)
Product Information [Line Items]
Number of subsidiaries | subsidiary 5 5
Number of degree-seeking nursing students | student 11,636 11,636
Number of students | student 13,407 13,407
Percentage of nursing students seeking degree 87.00% 87.00%
Expected year-over-year revenue growth (as a percent) 36.00%
Expected year-over-year revenue growth $ 19,100,000
Cash and cash equivalents 9,987,382 $ 9,987,382 $ 20,512,808 $ 14,350,554
Restricted cash $ 3,395,068 3,395,068 456,211 $ 3,556,211
Number of loan agreements | agreement 2 2
Proceeds from issuance or sale of equity $ 10,000,000
Net proceeds from convertible debt $ 16,000,000
Increase (decrease) in net cash (4,524,315) 11,001,267
Cash used in operating activities $ (5,275,719) $ (3,825,265)
Registered Nurses (RNs)
Product Information [Line Items]
Number of degree-seeking nursing students | student 9,277 9,277
Percentage of nursing students seeking degree 69.00% 69.00%
BSN Pre-Licensure Program
Product Information [Line Items]
Number of degree-seeking nursing students | student 2,359 2,359
Forecast | Minimum
Product Information [Line Items]
Expected year-over-year revenue growth (as a percent) 31.00%
Expected year-over-year revenue growth $ 18,400,000
Forecast | Maximum
Product Information [Line Items]
Expected year-over-year revenue growth (as a percent) 33.00%
Expected year-over-year revenue growth $ 18,700,000
Aspen Nursing
Product Information [Line Items]
Increase (decrease) in course registration (as a percent) (4.00%)
Increase (decrease) in revenue per month $ (110,000)
Increase (decrease) in revenue $ (330,000)
Aspen Nursing | Forecast
Product Information [Line Items]
Increase (decrease) in course registration (as a percent) (4.50%)
MSN-FNP
Product Information [Line Items]
Increase (decrease) in course registration (as a percent) (4.00%)
Increase (decrease) in revenue $ (190,000)
MSN-FNP | Forecast
Product Information [Line Items]
Increase (decrease) in course registration (as a percent) (4.50%)
Loan Agreement One
Product Information [Line Items]
Debt instrument, face amount of loan $ 5,000,000
Loan Agreement Two
Product Information [Line Items]
Debt instrument, face amount of loan $ 5,000,000
Loan Agreements
Product Information [Line Items]
Debt instrument, term 5 years 18 months
Debt instrument, extension term 12 months
Loan Agreements | Leon and Toby Cooperman Family Foundation
Product Information [Line Items]
Proceeds from issuance or sale of equity $ 10,000,000 $ 10,000,000
One-time extension fee (as a percent) 1.00%
Revolving Credit Facility
Product Information [Line Items]
Debt instrument, term 3 years
Line of credit, maximum borrowing capacity $ 5,000,000 $ 5,000,000
Line of credit, outstanding balance $ 0