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Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies - Narrative (Details)

v3.20.4
Significant Accounting Policies - Narrative (Details)
3 Months Ended 9 Months Ended
Jan. 31, 2021
USD ($)
shares
Jan. 31, 2020
USD ($)
shares
Jan. 31, 2021
USD ($)
segment
shares
Jan. 31, 2020
USD ($)
shares
Dec. 31, 2020
USD ($)
Aug. 31, 2020
USD ($)
Apr. 30, 2020
USD ($)
shares
May 01, 2019
USD ($)
Short-term Debt [Line Items]
Restricted cash $ 3,395,068 $ 456,211 $ 3,395,068 $ 456,211 $ 3,556,211
Cash, uninsured amount 12,578,734 $ 12,578,734 16,242,603
Percentage of payments from monthly payment plan 61.00%
Withdrawal from course, percentage of financial aid earned 100.00%
Long term accounts receivable 9,986,613 $ 9,986,613 6,701,136
Operating lease right of use assets, net 11,114,766 11,114,766 6,412,851 $ 8,000,000
Lease liabilities 12,070,502 12,070,502 $ 8,000,000
Instructional costs and services 3,915,095 2,623,252 10,698,056 6,948,138
Marketing and promotional costs $ 3,644,856 $ 2,539,755 $ 10,034,198 $ 6,755,983
Outstanding (in shares) | shares 1,260,213 2,776,778 1,260,213 2,776,778
Number of reportable segments | segment 1
Bad debt expense $ 670,000 $ 2,547 $ 1,702,000 $ 651,205
Collateral Pledged, Aspen University Letter of Credit
Short-term Debt [Line Items]
Restricted cash 934,125 934,125 692,293
Collateral Pledged, Bank Letter of Credit
Short-term Debt [Line Items]
Restricted cash 9,872 9,872 $ 369,473 $ 379,345 255,708
Secured Credit Line
Short-term Debt [Line Items]
Restricted cash 250,000 250,000
Unbilled Educational Services
Short-term Debt [Line Items]
Restricted cash $ 2,201,071 $ 2,201,071 2,536,382
Receipt of Title IV Funds
Short-term Debt [Line Items]
Restricted cash $ 71,828
Software
Short-term Debt [Line Items]
Property, plant and equipment, useful life 5 years
Leasehold improvements | Maximum
Short-term Debt [Line Items]
Property, plant and equipment, useful life 8 years
Restricted Stock Units (RSUs)
Short-term Debt [Line Items]
Unvested shares of restricted common stock outstanding (in shares) | shares 669,337 0 669,337 0 643,175
Unvested Restricted Stock
Short-term Debt [Line Items]
Unvested shares of restricted common stock outstanding (in shares) | shares 8,224 226,922 8,224 226,922
Courseware, net
Short-term Debt [Line Items]
Finite-lived intangible asset, useful life 5 years
Warrant
Short-term Debt [Line Items]
Outstanding (in shares) | shares 374,174 566,223 374,174 566,223
Convertible Debt
Short-term Debt [Line Items]
Convertible debt $ 10,000,000
Antidilutive securities excluded from computation of earnings per share, amount | shares 1,398,602