Aspen (ASPU) 10-K 28 Jul 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2015	Jul. 28, 2015	Oct. 31, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 30, 2015
Entity Registrant Name	ASPEN GROUP, INC.
Entity Central Index Key	1,487,198
Current Fiscal Year End Date	--04-30
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		128,253,605
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 19.9
Trading Symbol	ASPU
Entity Well-known Seasoned Issuer	No

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Current assets:
Cash and cash equivalents	$ 2,159,463	$ 247,380
Restricted cash	1,122,485	868,298
Accounts receivable, net of allowance of $279,453 and $221,537, respectively	1,058,339	649,890
Prepaid expenses	$ 121,594	45,884
Net assets from discontinued operations (Note 1)		5,250
Total current assets	$ 4,461,881	1,816,702
Property and equipment:
Call center equipment	132,798	122,653
Computer and office equipment	78,626	66,118
Furniture and fixtures	42,698	36,446
Library (online)	100,000	100,000
Software	2,244,802	1,894,215
Total	2,598,924	2,219,432
Less accumulated depreciation and amortization	(1,387,876)	(938,703)
Total property and equipment, net	1,211,048	1,280,729
Courseware, net	173,311	108,882
Accounts receivable, secured - related party, net of allowance of $625,963, and $625,963, respectively	$ 45,329	146,831
Debt issuance costs, net		205,515
Other assets	$ 26,679	25,181
Total assets	5,918,248	3,583,840
Current liabilities:
Accounts payable	179,109	454,783
Accrued expenses	173,663	144,466
Deferred revenue	784,818	653,518
Refunds Due Students	280,739	288,121
Deferred rent, current portion	7,751	13,699
Convertible notes payable, current portion	$ 50,000	175,000
Debenture payable, net of discounts of $0 and $452,771		1,787,229
Total current liabilities	$ 1,476,080	3,516,816
Line of credit	243,989	244,175
Loan payable officer - related party	1,000,000	1,000,000
Convertible notes payable - related party	$ 600,000	600,000
Deferred rent		7,751
Total liabilities	$ 3,320,069	$ 5,368,742
Commitments and contingencies - See Note 10
Stockholders' equity (deficiency):
Common stock, $0.001 par value; 250,000,000 shares authorized, 128,253,605 issued and 128,053,605 outstanding at April 30, 2015, 73,414,478 issued and 73,214,478 outstanding at April 30, 2014	$ 128,254	$ 73,414
Additional paid-in capital	24,898,647	16,302,118
Treasury stock (200,000 shares)	(70,000)	(70,000)
Accumulated deficit	(22,358,722)	(18,090,434)
Total stockholders' equity (deficiency)	2,598,179	(1,784,902)
Total liabilities and stockholders' equity (deficiency)	$ 5,918,248	$ 3,583,840

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Assets
Allowance for doubtful accounts, current accounts receivables	$ 279,453	$ 221,537
Allowance for doubtful accounts, noncurrent accounts receivables	625,963	625,963
Liabilities
Debenture payable current, discount	$ 0	$ 452,771
Stockholders' Equity:
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	128,253,605	73,414,478
Common stock, shares outstanding	128,053,605	73,214,478
Treasury stock, shares	200,000	200,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Revenues	$ 5,225,761	$ 3,981,722
Operating expenses
Cost of revenues (exclusive of depreciation and amortization shown separately below)	2,176,330	1,859,764
General and administrative	$ 5,924,263	6,300,229
Receivable collateral valuation reserve		123,647
Depreciation and amortization	$ 528,496	474,752
Total operating expenses	8,629,089	8,758,392
Operating loss from continuing operations	(3,403,328)	(4,776,670)
Other income (expense):
Other income	9,196	$ 1,656
Loss on Debt Extinguishment	(452,503)
Interest expense	(421,653)	$ (659,997)
Total other expense, net	(864,960)	(658,341)
Loss from continuing operations before income taxes	$ (4,268,288)	$ (5,435,011)
Income tax expense (benefit)
Loss from continuing operations	$ (4,268,288)	$ (5,435,011)
Discontinued operations (Note 1)
Income from discontinued operations, net of income taxes		84,663
Net loss	$ (4,268,288)	$ (5,350,348)
Loss per share from continuing operations - basic and diluted	$ (0.04)	$ (0.09)
Income per share from discontinued operations - basic and diluted		0
Net loss per share - basic and diluted	$ (0.04)	$ (0.09)
Weighted average number of common shares outstanding:
Basic and diluted	100,884,625	62,031,861

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY) - USD ($)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Accumulated Deficit [Member]
Balance at Apr. 30, 2013	$ 594,375	$ 58,573	$ 13,345,888	$ (70,000)	$ (12,740,086)
Balance, shares at Apr. 30, 2013		58,573,222
Issuance of common shares for cash	750,000	$ 3,947	746,053
Issuance of common shares for cash, shares		3,947,371
Offering cost for professional services from private placement	(48,240)		(48,240)
Stock-based compensation	608,429		608,429
Warrants issued in financing	$ 483,881		483,881
Shares issued for price protection		$ 3,271	(3,271)
Shares issued for price protection, shares		3,270,678
Conversion of convertible debt into shares
Shares issued for services rendered	$ 216,000	$ 617	215,383
Shares issued for services rendered, shares		617,143
Warrant Conversion/Exercised	804,049	$ 7,006	797,043
Warrant Conversion/Exercised, shares		7,006,064
Warrant Modification Expense	156,952		$ 156,952
Net loss	(5,350,348)				$ (5,350,348)
Balance at Apr. 30, 2014	(1,784,902)	$ 73,414	$ 16,302,118	$ (70,000)	$ (18,090,434)
Balance, shares at Apr. 30, 2014		73,414,478
Issuance of common shares for cash	5,547,826	$ 35,615	5,512,211
Issuance of common shares for cash, shares		35,614,154
Offering cost for professional services from private placement	(125,579)		(125,579)
Stock-based compensation	$ 456,871		456,871
Shares issued for price protection		$ 3,532	(3,532)
Shares issued for price protection, shares		3,532,682
Conversion of convertible debt into shares	$ 100,000	$ 526	99,474
Conversion of convertible debt into shares, shares		526,316
Shares issued for services rendered	70,258	$ 419	69,839
Shares issued for services rendered, shares		418,859
Warrant Conversion/Exercised	2,268,670	$ 14,748	2,253,922
Warrant Conversion/Exercised, shares		14,747,116
Warrant Modification Expense	333,323		$ 333,323
Net loss	(4,268,288)				$ (4,268,288)
Balance at Apr. 30, 2015	$ 2,598,179	$ 128,254	$ 24,898,647	$ (70,000)	$ (22,358,722)
Balance, shares at Apr. 30, 2015		128,253,605

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Cash flows from operating activities:
Net loss	$ (4,268,288)	$ (5,350,348)
Less income from discontinued operations		84,663
Loss from continuing operations	$ (4,268,288)	(5,435,011)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debt expense	$ 156,165	154,732
Receivable collateral valuation reserve		123,647
Amortization of debt issuance costs	$ 75,458	131,657
Amortization of debt discount	166,241	294,640
Depreciation and amortization	528,496	$ 474,752
Extinguishment of debentures	416,587
Stock-based compensation	456,871	$ 608,429
Warrant modification expense	333,323	156,952
Common shares and warrants issued for services rendered	70,258	285,084
Changes in operating assets and liabilities:
Accounts receivable	(564,614)	$ (439,834)
Accounts receivable, secured - related party	101,502
Prepaid expenses	(75,710)	$ 50,456
Other assets	(1,498)
Accounts payable	(275,674)	$ 141,378
Accrued expenses	29,198	15,405
Deferred rent	(13,699)	(10,418)
Refunds due students	(7,382)	34,238
Deferred revenue	131,300	(251,071)
Net cash used in operating activities	(2,741,466)	(3,664,964)
Cash flows from investing activities:
Purchases of property and equipment	(379,492)	(386,027)
Purchases of courseware	(143,753)	(6,500)
Increase in restricted cash	(254,187)	(603,125)
Net cash used in investing activities	(777,432)	(995,652)
Cash flows from financing activities:
Proceeds from issuance of common shares and warrants, net	5,547,826	750,000
Principal payments on notes payable	$ (25,000)	(25,000)
Proceeds received from issuance of convertible notes and warrants		$ 1,639,298
Repayment of note	$ (2,240,000)
Proceeds from loan from related party		$ 1,000,000
Disbursements for debt issuance costs		(48,240)
Proceeds from warrant exercise	$ 2,268,670	804,049
Payments for line of credit	(186)	$ (5,824)
Disbursements for equity offering costs	(125,579)
Net cash provided by financing activities	5,425,731	$ 4,114,283
Cash flows from discontinued operations:
Cash flows from discontinued operations	5,250	68,731
Net cash provided by discontinued operations	5,250	68,731
Net increase (decrease) in cash and cash equivalents	1,912,083	(477,602)
Cash and cash equivalents at beginning of year	247,380	724,982
Cash and cash equivalents at end of year	2,159,463	247,380
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 240,264	$ 173,989
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities:
Issuance of common stock from conversion of notes	$ 100,000
Issuance of common shares for prepaid services		$ 216,000
Warrant value recorded as debt issue cost		94,316
Warrant value recorded as debt discount		$ 389,565

Nature of Operations and Liquid

Nature of Operations and Liquidity	12 Months Ended
	Apr. 30, 2015
Nature of Operations and Liquidity [Abstract]
Nature of Operations and Liquidity	Note 1. Nature of Operations and Liquidity Overview Aspen Group, Inc. (together with its subsidiary, the “Company” or “Aspen”) is a holding company. Its subsidiary Aspen University Inc. was founded in Colorado in 1987 as the International School of Information Management. On September 30, 2004, it changed its name to Aspen University Inc. (“Aspen University”). On March 13, 2012, the Company was recapitalized in a reverse merger. All references to the Company or Aspen before March 13, 2012 are to Aspen University. On April 5, 2013, the Company gave 120 120 Aspen's mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. Aspen is dedicated to providing the highest quality education experiences taught by top-tier professors - 60 Because we believe higher education should be a catalyst to our students' long-term economic success, we exert financial prudence by offering affordable tuition that is one of the greatest values in online higher education. Early in 2014, Aspen University unveiled a monthly payment plan aimed at reversing the college-debt sentence plaguing working-class Americans. On November 10, 2014, Aspen University announced the Commission on Collegiate Nursing Education (“CCNE”) has granted accreditation to its Bachelor of Science in Nursing program (RN to BSN) until December 31, 2019. Since 1993, we have been nationally accredited by the Distance Education and Accrediting Council (“DEAC”), a national accrediting agency recognized by the U.S. Department of Education (the “DOE”). On February 25, 2015, the DEAC informed Aspen University that it had renewed its accreditation for five Discontinued Operations As of March 31, 2013, the Company decided to discontinue business activities related to its “Certificate in Information Technology with a specialization in Smart Home Integration” program so that it may focus on growing its full-time, degree-seeking student programs, which have higher gross margins. On April 5, 2013, the Company gave 120 For the Year Ended April 30, 2015 2014 Revenues $ — $ 549,125 Costs and expenses: Instructional costs and services — 494,213 General and administrative — (29,751 ) Total costs and expenses — 464,462 Income (loss) from discontinued operations, net of income taxes $ — $ 84,663 The major classes of assets and liabilities of discontinued operations on the balance sheet are as follows: April 30, 2015 2014 Assets Cash and cash equivalents $ — $ — Accounts receivable, net of allowance of $ 486,781 481,531 — 5,250 Other current assets — — Net assets from discontinued operations $ — $ 5,250 Liabilities Accounts payable $ — $ — Accrued expenses — — Deferred revenue — — Net liabilities from discontinued operations $ — $ — Liquidity At April 30, 2015, the Company had a cash balance of approximately $ 3.3 1.1 14,636,582 2,268,670 5,547,826

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Apr. 30, 2015
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Aspen Group, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates in the accompanying consolidated financial statements include the allowance for doubtful accounts and other receivables, the valuation of collateral on certain receivables, amortization periods and valuation of courseware and software development costs, valuation of beneficial conversion features in convertible debt, valuation of stock-based compensation, the valuation of net assets and liabilities from discontinued operations and the valuation allowance on deferred tax assets. Cash and Cash Equivalents For the purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents at April 30, 2015 and April 30, 2014 respectively. The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits of $ 250,000 2,191,791 938,212 two Restricted Cash Restricted cash represents amounts pledged as security for letters of credit for transactions involving Title IV programs. The company considers $ 1,122,485 868,298 Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The Company classifies assets and liabilities recorded at fair value under the fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. The fair value measurements are classified under the following hierarchy: Level 1—Observable inputs that reflect quoted market prices (unadjusted) for identical assets and liabilities in active markets; Level 2—Observable inputs, other than quoted market prices, that are either directly or indirectly observable in the marketplace for identical or similar assets and liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and liabilities; and Level 3—Unobservable inputs that are supported by little or no market activity that are significant to the fair value of assets or liabilities. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. Accounts Receivable and Allowance for Doubtful Accounts Receivable All students are required to select both a primary and secondary payment option with respect to amounts due to Aspen for tuition, fees and other expenses. The most common payment option for Aspen's students is personal funds or payment made on their behalf by an employer. In instances where a student selects financial aid as the primary payment option, he or she often selects personal cash as the secondary option. If a student who has selected financial aid as his or her primary payment option withdraws prior to the end of a course but after the date that Aspen's institutional refund period has expired, the student will have incurred the obligation to pay the full cost of the course. If the withdrawal occurs before the date at which the student has earned 100 For accounts receivable from students, Aspen records an allowance for doubtful accounts for estimated losses resulting from the inability, failure or refusal of its students to make required payments, which includes the recovery of financial aid funds advanced to a student for amounts in excess of the student's cost of tuition and related fees. Aspen determines the adequacy of its allowance for doubtful accounts using a general reserve method based on an analysis of its historical bad debt experience, current economic trends, and the aging of the accounts receivable and student status. Aspen applies reserves to its receivables based upon an estimate of the risk presented by the age of the receivables and student status. Aspen writes off accounts receivable balances at the time the balances are deemed uncollectible. Aspen continues to reflect accounts receivable with an offsetting allowance as long as management believes there is a reasonable possibility of collection. For accounts receivable from primary payors other than students, Aspen estimates its allowance for doubtful accounts by evaluating specific accounts where information indicates the customers may have an inability to meet financial obligations, such as bankruptcy proceedings and receivable amounts outstanding for an extended period beyond contractual terms. In these cases, Aspen uses assumptions and judgment, based on the best available facts and circumstances, to record a specific allowance for those customers against amounts due to reduce the receivable to the amount expected to be collected. These specific allowances are re-evaluated and adjusted as additional information is received. The amounts calculated are analyzed to determine the total amount of the allowance. Aspen may also record a general allowance as necessary. Direct write-offs are taken in the period when Aspen has exhausted its efforts to collect overdue and unpaid receivables or otherwise evaluate other circumstances that indicate that Aspen should abandon such efforts. Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets per the following table. Category Depreciation Term Call center equipment 5 Computer and office equipment 5 Furniture and fixtures 7 Library (online) 3 Software 5 Costs incurred to develop internal-use software during the preliminary project stage are expensed as incurred. Internal-use software development costs are capitalized during the application development stage, which is after: (i) the preliminary project stage is completed; and (ii) management authorizes and commits to funding the project and it is probable the project will be completed and used to perform the function intended. Capitalization ceases at the point the software project is substantially complete and ready for its intended use, and after all substantial testing is completed. Upgrades and enhancements are capitalized if it is probable that those expenditures will result in additional functionality. Amortization is provided for on a straight-line basis over the expected useful life of five Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or the estimated useful lives of the assets. Upon the retirement or disposition of property and equipment, the related cost and accumulated depreciation and amortization are removed and a gain or loss is recorded in the consolidated statements of operations. Repairs and maintenance costs are expensed in the period incurred. Courseware The Company records the costs of courseware in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 350 “Intangibles - Goodwill and Other”. Generally, costs of courseware are capitalized whereas costs for upgrades and enhancements are expensed as incurred. Courseware is stated at cost less accumulated amortization. Amortization is provided for on a straight-line basis over the expected useful life of five Long-Lived Assets The Company assesses potential impairment to its long-lived assets when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events and circumstances considered by the Company in determining whether the carrying value of identifiable intangible assets and other long-lived assets may not be recoverable include, but are not limited to: significant changes in performance relative to expected operating results, significant changes in the use of the assets, significant negative industry or economic trends, a significant decline in the Company's stock price for a sustained period of time, and changes in the Company's business strategy. An impairment loss is recorded when the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Any required impairment loss is measured as the amount by which the carrying amount of a long-lived asset exceeds fair value and is recorded as a reduction in the carrying value of the related asset and an expense to operating results. Refunds Due Students The Company receives Title IV funds from the Department of Education to cover tuition and living expenses. Until forwarded to the student, this amount is captured in a current liability account called Refunds Due Students. Typically, the funds are paid to the students within two weeks. Leases The Company enters into various lease agreements in conducting its business. At the inception of each lease, the Company evaluates the lease agreement to determine whether the lease is an operating or capital lease. Leases may contain initial periods of free rent and/or periodic escalations. When such items are included in a lease agreement, the Company records rent expense on a straight-line basis over the initial term of a lease. The difference between the rent payment and the straight-line rent expense is recorded as a deferred rent liability. The Company expenses any additional payments under its operating leases for taxes, insurance or other operating expenses as incurred. Revenue Recognition and Deferred Revenue Revenues consist primarily of tuition and fees derived from courses taught by the Company online as well as from related educational resources that the Company provides to its students, such as access to our online materials and learning management system. Tuition revenue is recognized pro-rata over the applicable period of instruction. The Company allows a student to make three monthly tuition payments during each 10-week class. The Company maintains an institutional tuition refund policy, which provides for all or a portion of tuition to be refunded if a student withdraws during stated refund periods. Certain states in which students reside impose separate, mandatory refund policies, which override the Company's policy to the extent in conflict. If a student withdraws at a time when a portion or none of the tuition is refundable, then in accordance with its revenue recognition policy, the Company recognizes as revenue the tuition that was not refunded. Since the Company recognizes revenue pro-rata over the term of the course and because, under its institutional refund policy, the amount subject to refund is never greater than the amount of the revenue that has been deferred, under the Company's accounting policies revenue is not recognized with respect to amounts that could potentially be refunded. The Company's educational programs have starting and ending dates that differ from its fiscal quarters. Therefore, at the end of each fiscal quarter, a portion of revenue from these programs is not yet earned and is therefore deferred. The Company also charges students annual fees for library, technology and other services, which are recognized over the related service period. Deferred revenue represents the amount of tuition, fees, and other student payments received in excess of the portion recognized as revenue and it is included in current liabilities in the accompanying consolidated balance sheets. Other revenues may be recognized as sales occur or services are performed. Revenue Recognition and Deferred Revenue - Discontinued Operations The Company enters into certain revenue sharing arrangements with consultants whereby the consultants will develop course content primarily for technology-related courses, recommend, but not select, faculty, lease equipment on behalf of the Company for instructional purposes for the on-site laboratory portion of distance learning courses and make introductions to corporate and government sponsoring organizations that provide students for the courses. The Company has evaluated ASC 605-45 "Principal Agent Considerations" and determined that there are more indicators than not that the Company is the primary obligor in the arrangements since the Company establishes the tuition, interfaces with the student or sponsoring organization, selects the faculty, is responsible for delivering the course, is responsible for issuing any degrees or certificates, and is responsible for collecting the tuition and fees. The gross tuition and fees are included in revenues while the revenue sharing payments are included in instructional costs and services, an operating expense. As a result of presenting this component as discontinued operations, the revenues are now included in income from discontinued operations, net of income taxes for all periods presented (See Note 1). Cost of Revenues Cost of revenues consists of two categories of cost, instructional costs and services, and marketing and promotional costs. Instructional Costs and Services Instructional costs and services consist primarily of costs related to the administration and delivery of the Company's educational programs. This expense category includes compensation costs associated with online faculty, technology license costs and costs associated with other support groups that provide services directly to the students. Marketing and Promotional Costs Marketing and promotional costs include costs associated with producing marketing materials and advertising. Such costs are generally affected by the cost of advertising media, the efficiency of the Company's marketing and recruiting efforts, and expenditures on advertising initiatives for new and existing academic programs. Non-direct response advertising activities are expensed as incurred, or the first time the advertising takes place, depending on the type of advertising activity. General and Administrative General and administrative expenses include compensation of employees engaged in corporate management, finance, human resources, information technology, academic operations, compliance and other corporate functions. General and administrative expenses also include professional services fees, bad debt expense related to accounts receivable, financial aid processing costs, non-capitalizable courseware and software costs, travel and entertainment expenses and facility costs. Income Tax The Company uses the asset and liability method to compute the differences between the tax basis of assets and liabilities and the related financial amounts. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount that more likely than not will be realized. The Company has deferred tax assets and liabilities that reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets are subject to periodic recoverability assessments. Realization of the deferred tax assets, net of deferred tax liabilities, is principally dependent upon achievement of projected future taxable income. The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company accounts for uncertainty in income taxes using a two-step approach for evaluating tax positions. Step one, recognition, occurs when the Company concludes that a tax position, based solely on its technical merits, is more likely than not to be sustained upon examination. Step two, measurement, is only addressed if the position is more likely than not to be sustained. Under step two, the tax benefit is measured as the largest amount of benefit, determined on a cumulative probability basis, which is more likely than not to be realized upon ultimate settlement. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. Stock-Based Compensation Stock-based compensation expense is measured at the grant date fair value of the award and is expensed over the requisite service period. For employee stock-based awards, the Company calculates the fair value of the award on the date of grant using the Black-Scholes option pricing model. Determining the fair value of stock-based awards at the grant date under this model requires judgment, including estimating volatility, employee stock option exercise behaviors and forfeiture rates. The assumptions used in calculating the fair value of stock-based awards represent the Company's best estimates, but these estimates involve inherent uncertainties and the application of management judgment. For non-employee stock-based awards, the Company calculates the fair value of the award on the date of grant in the same manner as employee awards, however, the awards are revalued at the end of each reporting period and the prorata compensation expense is adjusted accordingly until such time the non-employee award is fully vested, at which time the total compensation recognized to date shall equal the fair value of the stock-based award as calculated on the measurement date, which is the date at which the award recipient's performance is complete. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. Net Loss Per Share Net loss per common share is based on the weighted average number of common shares outstanding during each period. Options to purchase 14,426,412 10,746,412 28,871,757 23,144,005 650,000 775,000 1,207,143 1,225,564 Segment Information The Company operates in one reportable segment as a single educational delivery operation using a core infrastructure that serves the curriculum and educational delivery needs of its online students regardless of geography. The Company's chief operating decision makers, its CEO and Chief Academic Officer, manage the Company's operations as a whole, and no revenue, expense or operating income information is evaluated by the chief operating decision makers on any component level. Recent Accounting Pronouncements Financial Accounting Standards Board, Accounting Standard Updates which are not effective until after April 30, 2015 are not expected to have a significant effect on the Company's unaudited consolidated financial position or results of operations. In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern (Topic 205-40)”, which requires management to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern for each annual and interim reporting period. If substantial doubt exists, additional disclosure is required. This new standard will be effective for the Company for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the implementation of this standard to have a material effect on it disclosures.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Apr. 30, 2015
Accounts Receivable [Abstract]
Accounts Receivable	Note 3. Accounts Receivable Accounts receivable consisted of the following at April 30, 2015 and 2014: April 30, 2015 2014 Accounts receivable $ 1,337,792 $ 871,427 Less: Allowance for doubtful accounts (279,453 ) (221,537 ) Accounts receivable, net $ 1,058,339 $ 649,890 Bad debt expense for the years ended April 30, 2015 and 2014, were $ 156,165 154,732

Secured Note and Accounts Recei

Secured Note and Accounts Receivable - Related Parties	12 Months Ended
	Apr. 30, 2015
Secured Note and Accounts Receivable - Related Parties [Abstract]
Secured Note and Accounts Receivable - Related Parties	Note 4. Secured Note and Accounts Receivable – Related Parties On March 30, 2008 and December 1, 2008, the Company sold courseware pursuant to marketing agreements to Higher Education Management Group, Inc. ("HEMG",) which was then a related party and principal stockholder of the Company. HEMG's president is Mr. Patrick Spada, the former Chairman of the Company, in the amount of $ 455,000 600,000 60 772,793 654,850 117,943 1.00 400,000 0.50 600,000 0.50 90 1,400,000 0.50 180 the Company waived any default of the accounts receivable, secured - related party and extended the due date to September 30, 2014 0.35 one one 0.50 502,315 0.19 123,647 , the balance of the account receivable, net of allowance, was $ 45,329 146,831 HEMG has failed to pay to Aspen University any portion of the $ 772,793 HEMG defaulted. In addition, Aspen University gave notice to HEMG that it intended to privately sell the 654,850 0.155 101,502 671,291 625,963 45,329

Property and Equipment

Property and Equipment	12 Months Ended
	Apr. 30, 2015
Property and Equipment [Abstract]
Property and Equipment	Note 5. Property and Equipment Property and equipment consisted of the following at April 30, 2015 and 2014: April 30, 2015 2014 Call center hardware $ 132,798 $ 122,653 Computer and office equipment 78,626 66,118 Furniture and fixtures 42,698 36,446 Library (online) 100,000 100,000 Software 2,244,802 1,894,215 2,598,924 2,219,432 Accumulated depreciation and amortization (1,387,876 ) (938,703 ) Property and equipment, net $ 1,211,048 $ 1,280,729 Software consisted of the following at April 30, 2015 and 2014: April 30, 2015 2014 Software $ 2,244,802 $ 1,894,215 Accumulated amortization (1,130,453 ) (720,823 ) Software, net $ 1,114,349 $ 1,173,392 Depreciation and Amortization expense for all Property and Equipment as well as the portion for just software is presented for years ended April 30, 2015 and 2014: For the Years Ended April 30, 2015 2014 Depreciation and Amortization Expense $ 449,173 $ 369,039 Software Amortization Expense $ 409,630 $ 334,224 The following is a schedule of estimated future software amortization expense of software at April 30, 2015: Year Ending April 30, 2016 $ 299,307 2017 388,670 2018 222,506 2019 136,544 2020 67,322 Total $ 1,114,349

Courseware

Courseware	12 Months Ended
	Apr. 30, 2015
Courseware [Abstract]
Courseware	Note 6. Courseware Courseware costs capitalized were $ 143,752 6,500 Courseware consisted of the following at April 30, 2015 and 2014: April 30, 2015 2014 Courseware $ 2,247,790 $ 2,104,038 Accumulated amortization (2,074,479 ) (1,995,156 ) Courseware, net $ 173,311 $ 108,882 Amortization expense of courseware for years ended April 30, 2015 and 2014: For the Years Ended April 30, 2015 2014 Amortization Expense $ 79,323 $ 105,713 The following is a schedule of estimated future amortization expense of courseware at April 30, 2015: Year Ending April 30, 2016 $ 57,780 2017 39,146 2018 31,057 2019 29,584 2020 15,744 Total $ 173,311

Accrued Expenses

Accrued Expenses	12 Months Ended
	Apr. 30, 2015
Accrued Expenses [Abstract]
Accrued Expenses	Note 7. Accrued Expenses Accrued expenses consisted of the following at April 30, 2015 and 2014: April 30, 2015 2014 Accrued compensation $ 95,344 $ — Accrued Interest 57,887 85,412 Other accrued expenses 20,432 59,054 Accrued expenses $ 173,663 $ 144,466

Loan Payable Officer - Related

Loan Payable Officer - Related Party	12 Months Ended
	Apr. 30, 2015
Loan Payable Officer - Related Party [Abstract]
Loan Payable Officer - Related Party	Note 8. Loan Payable Officer – Related Party On June 28, 2013, the Company received $ 1,000,000 6 10 July 31, 2016

Convertible Notes, Convertible

Convertible Notes, Convertible Notes - Related Party and Debenture Payable	12 Months Ended
	Apr. 30, 2015
Convertible Notes, Convertible Notes - Related Party and Debenture Payable [Abstract]
Convertible Notes, Convertible Notes - Related Party and Debenture Payable	Note 9. Convertible Notes, Convertible Notes – Related Party and Debenture Payable On February 25, 2012, February 27, 2012 and February 29, 2012, loans payable of $ 100,000 50,000 50,000 two 0.19 1.00 Two On February 18, 2014 the Company renegotiated the terms of one of the $ 50,000 0.19 3.25 On February 28, 2014 the Company renegotiated the terms of the $ 100,000 25,000 75,000 25,000 50,000 3.25 0.19 50,000 On March 13, 2012, the Company's CEO loaned the Company $ 300,000 0.19 1.00 five On August 14, 2012, the Company's CEO loaned the Company $ 300,000 5 0.35 0.35 On September 26, 2013, the Company and an institutional investor (the "Institutional Investor") signed a Securities Purchase Agreement (the “Agreement”) with respect to a loan of $ 2,240,000 18 2,000,000 25 25 50 20 0.3325 389,565 100 6,736,842 five 90 389,565 8 1.7 240,000 117,846 1,911,572 2,240,000 328,428 2,310,000 2,310,000 70,000 70,000 452,503 In September 2013 Company had entered into an engagement agreement with Laidlaw & Co. ("Laidlaw") to act as placement agent for the offering and receive customary compensation. Laidlaw introduced the Institutional Investor. As a placement agent fee, the Company paid Laidlaw $ 207,500 1,347,368 five 0.3325 94,316 35,356 Notes payable consisted of the following at April 30, 2015 and 2014: April 30, 2015 2014 Note payable - related party originating August 14, 2012; no monthly payments required; bearing interest at 5 $ 300,000 $ 300,000 Note payable - related party originating March 13, 2012; no monthly payments required; bearing interest at 0.19 300,000 300,000 Note payable - originating February 25, 2012; no monthly payments required [B] — 75,000 Note payable - originating February 27, 2012; no monthly payments required [C] — 50,000 Note payable - originating February 29, 2012; no monthly payments required; bearing interest at 0.19 50,000 50,000 Loan Payable - related party originating February 25, 2012; no monthly payments required; bearing interest at 10 1,000,000 1,000,000 Debentures payable, net of OID — 1,787,229 Total 1,650,000 3,562,229 Less: Current maturities (notes payable) (50,000 ) (175,000 ) Less: Current maturities (Debentures Payable) — (1,787,229 ) Subtotal 1,600,000 1,600,000 Less: amount due after one year for notes payable (1,000,000 ) (1,000,000 ) Amount due after one year for convertible notes payable $ 600,000 $ 600,000 ——————— [A] - Effective September 4, 2012, note amended to provide a maturity date of August 31, 2013. Effective December 17, 2012, note further amended to provide a maturity date of August 31, 2014. On September 25, 2013, maturity date had been extended to April 5, 2015. On July 16, 2014, the maturity date had been extended to January 1, 2016. [B] - Effective February 28, 2014 a payment was made in the amount of $ 25,000 75,000 3.25 0.19 25,000 50,000 [C] - Effective February 18, 2014 the maturity date was extended to December 1, 2014 and the conversion price reduced to $ 0.19 3.25 [D] - Effective March 4, 2015, the note was amended to provide a maturity date of July 31, 2016. Future maturities of notes payable as of April 30, 2015 are as follows: Year Ending April 30, 2016 $ 50,000 2017 1,600,000 $ 1,650,000

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Apr. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10. Commitments and Contingencies Line of Credit The Company maintains a line of credit with a bank, up to a maximum credit line of $ 250,000 0.50 3.75 five 243,989 five 6,011 Operating Leases The Company leases office space for its corporate headquarters in New York, New York on a month-to-month basis with monthly rent payments of $ 4,320 The Company leases office space for its developers in Dieppe, NB, Canada under a one 1,700 The Company leases office space for its Denver, Colorado location under a seven four 6,526 2.5 On October 4, 2012, the Company entered into a three 4,491 4 12 4,601 4,710 The following is a schedule by years of future minimum rental payments required under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of April 30, 2015: Year Ending April 30, 2016 $ 87,393 2017 — 2018 — Total minimum payments required $ 87,393 Rent expense for the years ended April 30, 2015 and 2014, were $ 213,225 210,977 Employment Agreements From time to time, the Company enters into employment agreements with certain of its employees. These agreements typically include bonuses, some of which are performance-based in nature. As of April 30, 2015, no Legal Matters From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of April 30, 2015, except as discussed below, there were no other pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations and there are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest. On February 11, 2013, HEMG and Mr. Spada sued the Company, certain senior management members and our directors in state court in New York seeking damages arising principally from (i) allegedly false and misleading statements in the filings with the SEC and the DOE where the Company disclosed that HEMG and Mr. Spada borrowed $ 2.2 As previously reported, HEMG and Mr. Spada filed a derivative suit on behalf of the Company against certain former senior management member and our directors in state court in Delaware. The Company is a nominal defendant. The complaint was substantially similar to the complaint filed in state court of New York. On November 3, 2014, the Chancery Court of the State of Delaware dismissed the shareholders' derivative lawsuit of Mr. Patrick Spada and Higher Education Management Group, Inc. against Aspen Group, Inc., certain members of the Company's Board of Directors and former Chief Financial Officer (collectively, the “Defendants”). The Court granted the Defendant's Motion to Dismiss in its entirety with prejudice. The Plaintiff's have not taken an appeal and the time to do so has expired. While the Company has been advised by its counsel that HEMG's and Spada's claims New York lawsuit is baseless, the Company cannot provide any assurance as to the ultimate outcome of the case. Defending the lawsuit will be expensive and will require the expenditure of time which could otherwise be spent on the Company's business. While unlikely, if Mr. Spada's and HEMG's claims in the New York litigation were to be successful, the damages the Company could pay could potentially be material. On November 18, 2014, the Company filed a complaint against HEMG in the United States District Court for the District of New Jersey for failure to pay (despite demand) to the Company any portion of the $ 772,793 On or about February 20, 2015, Aspen Group, Inc. filed a motion in the United States District Court, District of New Jersey, seeking the entry of a money judgment on default against Defendant, HEMG, in the amount of $ 772,793 654,850 0.155 101,502 671,291 Regulatory Matters The Company's subsidiary, Aspen University, is subject to extensive regulation by Federal and State governmental agencies and accrediting bodies. In particular, the Higher Education Act (the “HEA”) and the regulations promulgated thereunder by the DOE subject Aspen University to significant regulatory scrutiny on the basis of numerous standards that schools must satisfy to participate in the various types of federal student financial assistance programs authorized under Title IV of the HEA. Aspen University has had provisional certification to participate in the Title IV programs. That provisional certification imposes certain regulatory restrictions including, but not limited to, a limit of 1,200 To participate in the Title IV programs, an institution must be authorized to offer its programs of instruction by the relevant agencies of the State in which it is located. An institution must also be authorized to offer its programs in the States where the institution offers postsecondary education through distance education. In addition, an institution must be accredited by an accrediting agency recognized by the DOE and certified as eligible by the DOE. The DOE will certify an institution to participate in the Title IV programs only after the institution has demonstrated compliance with the HEA and the DOE's extensive academic, administrative, and financial regulations regarding institutional eligibility and certification. An institution must also demonstrate its compliance with these requirements to the DOE on an ongoing basis. Aspen University performs periodic reviews of its compliance with the various applicable regulatory requirements. As Title IV funds received in fiscal 2015 represented approximately 33 On March 27, 2012 and on August 31, 2012, Aspen University provided the DOE with letters of credit for which the due date was extended to December 31, 2013. On January 30, 2014, the DOE provided Aspen University with an option to become permanently certified by increasing the letter of credit to 50 1,696,445 25 848,225 848,225 50 2,244,971 25 1,122,485 1,122,485 The HEA requires accrediting agencies to review many aspects of an institution's operations in order to ensure that the education offered is of sufficiently high quality to achieve satisfactory outcomes and that the institution is complying with accrediting standards. Failure to demonstrate compliance with accrediting standards may result in the imposition of probation, the requirements to provide periodic reports, the loss of accreditation or other penalties if deficiencies are not remediated. Because Aspen University operates in a highly regulated industry, it may be subject from time to time to audits, investigations, claims of noncompliance or lawsuits by governmental agencies or third parties, which allege statutory violations, regulatory infractions or common law causes of action. On February 25, 2015, the DEAC informed Aspen University that it had renewed its accreditation for five Return of Title IV Funds An institution participating in Title IV programs must correctly calculate the amount of unearned Title IV program funds that have been disbursed to students who withdraw from their educational programs before completion and must return those unearned funds in a timely manner, no later than 45 5 25 Subsequent to a program review by the Department of Education, the Company recognized that it had not fully complied with all requirements for calculating and making timely returns of Title IV funds (R2T4). In November 2013, the Company returned a total of $ 102,810 Delaware Approval to Confer Degrees Aspen University is a Delaware corporation. Delaware law requires an institution to obtain approval from the Delaware Department of Education (“Delaware DOE”) before it may incorporate with the power to confer degrees. In July 2012, Aspen received notice from the Delaware DOE that it is granted provisional approval status effective until June 30, 2015 and is currently in the process of applying for either an extension of its provisional approval status or obtain permanent approval status. Aspen University is authorized by the Colorado Commission on Education to operate in Colorado as a degree granting institution. Letter of Credit The Company maintains a letter of credit under a DOE requirement (See Note 2 “Restricted Cash”).

Stockholders' Equity (Deficienc

Stockholders' Equity (Deficiency)	12 Months Ended
	Apr. 30, 2015
Stockholders' Equity (Deficiency) [Abstract]
Stockholders' Equity (Deficiency)	Note 11. Stockholders' Equity (Deficiency) Common Stock As part of two two one 317,143 0.35 two one three one 12 111,000 two 90,000 12 21,000 three 300,000 0.35 six 105,000 In January 2014, the Company issued 7,006,064 804,050 3,270,678 On March 10, 2014, several members of the Board of Directors paid $ 600,000 3,157,895 3,157,895 0.19 50,000 263,158 263,158 0.19 100,000 526,318 526,318 0.19 On June 4, 2014, a member of the Board of Directors invested $ 50,000 263,158 263,158 0.19 50,000 263,158 263,158 0.19 On July 29, 2014, as part of a private placement offering, seven 1,631,500 10,525,809 5,262,907 five 0.19 75,000 3,473,259 2,662,139 14,451,613 0.155 On September 4, 2014, Aspen raised $ 3,766,326 24,298,871 12,149,438 five 0.19 15 3.7 59,423 On September 30, 2014, Aspen Group filed a Certificate of Amendment to its Certificate of Incorporation increasing its authorized shares from 120,000,000 250,000,000 On December 1, 2014, $ 100,000 0.19 two 263,158 On January 14, 2015, 210,526 0.155 32,632 On April 23 and 29, 2015, the Company closed on its offering to warrant holders whereby it issued 14,636,590 0.155 One 2,268,670 two 7,556,884 7,079,700 two 600,000 110,526 0.155 333,323 On April 29, 2015, 208,333 37,626 Warrants A summary of the Company's warrant activity during the year ended April 30, 2015, is presented below: Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Warrants Shares Price Term Value Balance Outstanding, April 30, 2014 23,144,005 $ 0.31 Granted 20,863,958 $ 0.19 Exercised (15,236,582 ) $ 0.15 Forfeited 100,376 Expired — Balance Outstanding, April 30, 2015 28,871,757 $ 0.26 4.2 $ 179,791 Exercisable, April 30, 2015 28,871,757 $ 0.26 4.2 $ 179,791 On January 15, 2014, a warrant exercise offering was completed whereby 4,231,840 0.19 804,050 0.50 0.3325 156,952 0.19 5,178,947 0.19 On March 10, 2014, several members of the Board of Directors paid $ 600,000 3,157,895 3,157,895 0.19 50,000 263,158 263,158 0.19 100,000 526,318 526,318 0.19 On June 4, 2014, a member of the Board of Directors invested $ 50,000 263,158 263,158 0.19 50,000 263,158 263,158 0.19 On July 29, 2014, as part of a private placement offering seven 1,631,500 10,525,809 5,262,907 five 0.19 3,473,259 2,662,139 14,451,613 0.155 On September 4, 2014, as part of a private placement offering fifteen 3,766,326 24,298,871 12,149,438 five 0.19 59,423 Warrants issued to an investor were modified on January 31, 2015 to reduce the exercise price to $ 0.19 On April 23 and 29 2015 14,636,590 0.155 One 2,268,670 two 7,556,884 7,079,700 two 600,000 110,526 0.155 Certain of the Company's warrants contain price protection. The Company evaluated whether the price protection provision of the warrant would cause derivative treatment. In its assessment, the Company determined that since its shares are not readily convertible to cash due to an inactive trading market, through April 30, 2015 the warrants are excluded from derivative treatment. Stock Incentive Plan and Stock Option Grants to Employees and Directors Immediately following the closing of the Reverse Merger, on March 13, 2012, the Company adopted the 2012 Equity Incentive Plan (the “Plan”) that provides for the grant of 9,300,000 14,300,000 16,300,000 1,873,588 The Company estimates the fair value of share-based compensation utilizing the Black-Scholes option pricing model, which is dependent upon several variables such as the expected option term, expected volatility of the Company's stock price over the expected term, expected risk-free interest rate over the expected option term, expected dividend yield rate over the expected option term, and an estimate of expected forfeiture rates. The Company believes this valuation methodology is appropriate for estimating the fair value of stock options granted to employees and directors which are subject to ASC Topic 718 requirements. These amounts are estimates and thus may not be reflective of actual future results, nor amounts ultimately realized by recipients of these grants. The Company recognizes compensation on a straight-line basis over the requisite service period for each award. The Company estimates the fair value of share-based compensation utilizing the Black-Scholes option pricing model, which is dependent upon several variables such as the expected option term, expected volatility of the Company's stock price over the expected term, expected risk-free interest rate over the expected option term, expected dividend yield rate over the expected option term, and an estimate of expected forfeiture rates. The Company believes this valuation methodology is appropriate for estimating the fair value of stock options granted to employees and directors which are subject to ASC Topic 718 requirements. These amounts are estimates and thus may not be reflective of actual future results, nor amounts ultimately realized by recipients of these grants. The Company recognizes compensation on a straight-line basis over the requisite service period for each award. The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the years ended April 30, 2015 and 2014: April 30, 2015 2014 Expected life (years) 3.5 3.3 Expected volatility 43.4 % 45.0 % Weighted-average volatility 43.4 % 45.0 % Risk-free interest rate 0.38 % 0.38 % Dividend yield 0.00 % 0.00 % Expected forfeiture rate n/a n/a The Company utilized the simplified method to estimate the expected life for stock options granted to employees. The simplified method was used as the Company does not have sufficient historical data regarding stock option exercises. The expected volatility is based on the average of the expected volatilities from the most recent audited financial statements available for comparative public companies that are deemed to be similar in nature to the Company. The risk-free interest rate is based on the U.S. Treasury yields with terms equivalent to the expected life of the related option at the time of the grant. Dividend yield is based on historical trends. While the Company believes these estimates are reasonable, the compensation expense recorded would increase if the expected life was increased, a higher expected volatility was used, or if the expected dividend yield increased. A summary of the Company's stock option activity for employees and directors during the year ended April 30, 2015 is presented below: Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Shares Price Term Value Balance Outstanding, April 30, 2014 10,476,412 $ 0.32 Granted 3,900,000 $ 0.17 Exercised — Forfeited (170,000 ) $ 0.34 Expired — Balance Outstanding, April 30, 2015 14,206,412 $ 0.21 3.45 $ 103,000 Exercisable, April 30, 2015 5,660,470 $ 0.26 2.85 $ 4,000 During the year ended April 30, 2014, the Company granted to employees 3,778,711 0.35 0.17 three five 332,545 On September 4, 2014, 2,600,000 130,000 0.155 200,000 two 12,000 0.20 On November 24, 2014, the CFO was granted 300,000 21,000 0.234 100,000 7,000 0.2026 As of April 30, 2015, there was approximately $ 485,000 4 The Company recorded compensation expense of $ 456,871 334,723 Stock Option Grants to Non-Employees There were no 748 2,968 no A summary of the Company's stock option activity for non-employees during the year ended April 30, 2015 is presented below: Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Shares Price Term Value Balance Outstanding, April 30, 2014 270,000 $ 0.28 Granted — Exercised — Forfeited (50,000 ) $ 0.19 Expired — Balance Outstanding, April 30, 2015 220,000 $ 0.30 2.1 $ — Exercisable, April 30, 2015 73,333 0.30 2.3 —

Income Taxes

Income Taxes	12 Months Ended
	Apr. 30, 2015
Income Taxes [Abstract]
Income Taxes	Note 12 The components of income tax expense (benefit) are as follows: For the Years Ended April 30, 2015 2014 Current: Federal $ — $ — State — — — — Deferred: Federal — — State — — — — Total Income tax expense (benefit) $ — $ — Significant components of the Company's deferred income tax assets and liabilities are as follows: April 30, 2015 2014 Deferred tax assets: Net operating loss $ 7,487,076 $ 6,021,134 Allowance for doubtful accounts 21,416 55,679 Intangible assets 304,062 294,284 Deferred rent 2,872 7,948 Stock-based compensation 580,672 411,374 Contributions carryforward 93 93 Total deferred tax assets 8,396,191 6,790,512 Deferred tax liabilities: Property and equipment (155,991 ) (126,297 ) Total deferred tax liabilities (155,991 ) (126,297 ) Deferred tax assets, net 8,240,200 6,664,215 Valuation allowance: Beginning of year (6,664,215 ) (4,684,841 ) (Increase) during period (1,575,985 ) (1,979,374 ) Ending balance (8,240,200 ) (6,664,215 ) Net deferred tax asset $ — $ — A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. The Company recorded a valuation allowance at April 30, 2015 and 2014 due to the uncertainty of realization. Management believes that based upon its projection of future taxable operating income for the foreseeable future, it is more likely than not that the Company will not be able to realize the tax benefit associated with deferred tax assets. The net change in the valuation allowance during the year ended April 30, 2015 was an increase of $ 1,575,985 At April 30, 2015, the Company had $ 20,204,869 2030 2035 2011 2014 A reconciliation of income tax computed at the U.S. statutory rate to the effective income tax rate is as follows: April 30, 2015 2014 Statutory U.S. federal income tax rate 34.0 % 34.0 % State income taxes, net of federal tax benefit 3.0 3.1 Other (0.1 ) (0.1 ) Change in valuation allowance (36.9 ) (37.0 ) Effective income tax rate 0.0 % 0.0 %

Concentrations

Concentrations	12 Months Ended
	Apr. 30, 2015
Concentrations [Abstract]
Concentrations	Note 13. Concentrations Concentration of Credit Risk As of April 30, 2015, the Company's bank balances exceed FDIC insurance by approximately $ 3,130,003

Related Party Transactions

Related Party Transactions	12 Months Ended
	Apr. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 14. Related Party Transactions See Note 4 for discussion of secured note and account receivable to related parties and see Notes 8 and 9 for discussion of loans payable and convertible notes payable to related parties. See also Note 11 for equity related grants to various related parties.

Subsequent Events

Subsequent Events	12 Months Ended
	Apr. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events On June 8, 2015, the Chief Academic Officer received a grant of 1,000,000 60,000 700,000 42,000 300,000 18,000 0.168 Also, on June 8, 2015, in exchange for the termination of a consulting agreement with a Director, the Company issued 300,000 50,400 2

Significant Accounting Polici22

Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2015
Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Aspen Group, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates in the accompanying consolidated financial statements include the allowance for doubtful accounts and other receivables, the valuation of collateral on certain receivables, amortization periods and valuation of courseware and software development costs, valuation of beneficial conversion features in convertible debt, valuation of stock-based compensation, the valuation of net assets and liabilities from discontinued operations and the valuation allowance on deferred tax assets.
Cash and Cash Equivalents	Cash and Cash Equivalents For the purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents at April 30, 2015 and April 30, 2014 respectively. The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits of $ 250,000 2,191,791 938,212 two
Restricted cash	Restricted Cash Restricted cash represents amounts pledged as security for letters of credit for transactions involving Title IV programs. The company considers $ 1,122,485 868,298
Fair Value Measurements	Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The Company classifies assets and liabilities recorded at fair value under the fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. The fair value measurements are classified under the following hierarchy: Level 1—Observable inputs that reflect quoted market prices (unadjusted) for identical assets and liabilities in active markets; Level 2—Observable inputs, other than quoted market prices, that are either directly or indirectly observable in the marketplace for identical or similar assets and liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and liabilities; and Level 3—Unobservable inputs that are supported by little or no market activity that are significant to the fair value of assets or liabilities. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.
Accounts Receivable and Allowance for Doubtful Accounts Receivable	Accounts Receivable and Allowance for Doubtful Accounts Receivable All students are required to select both a primary and secondary payment option with respect to amounts due to Aspen for tuition, fees and other expenses. The most common payment option for Aspen's students is personal funds or payment made on their behalf by an employer. In instances where a student selects financial aid as the primary payment option, he or she often selects personal cash as the secondary option. If a student who has selected financial aid as his or her primary payment option withdraws prior to the end of a course but after the date that Aspen's institutional refund period has expired, the student will have incurred the obligation to pay the full cost of the course. If the withdrawal occurs before the date at which the student has earned 100 For accounts receivable from students, Aspen records an allowance for doubtful accounts for estimated losses resulting from the inability, failure or refusal of its students to make required payments, which includes the recovery of financial aid funds advanced to a student for amounts in excess of the student's cost of tuition and related fees. Aspen determines the adequacy of its allowance for doubtful accounts using a general reserve method based on an analysis of its historical bad debt experience, current economic trends, and the aging of the accounts receivable and student status. Aspen applies reserves to its receivables based upon an estimate of the risk presented by the age of the receivables and student status. Aspen writes off accounts receivable balances at the time the balances are deemed uncollectible. Aspen continues to reflect accounts receivable with an offsetting allowance as long as management believes there is a reasonable possibility of collection. For accounts receivable from primary payors other than students, Aspen estimates its allowance for doubtful accounts by evaluating specific accounts where information indicates the customers may have an inability to meet financial obligations, such as bankruptcy proceedings and receivable amounts outstanding for an extended period beyond contractual terms. In these cases, Aspen uses assumptions and judgment, based on the best available facts and circumstances, to record a specific allowance for those customers against amounts due to reduce the receivable to the amount expected to be collected. These specific allowances are re-evaluated and adjusted as additional information is received. The amounts calculated are analyzed to determine the total amount of the allowance. Aspen may also record a general allowance as necessary. Direct write-offs are taken in the period when Aspen has exhausted its efforts to collect overdue and unpaid receivables or otherwise evaluate other circumstances that indicate that Aspen should abandon such efforts.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets per the following table. Category Depreciation Term Call center equipment 5 Computer and office equipment 5 Furniture and fixtures 7 Library (online) 3 Software 5 Costs incurred to develop internal-use software during the preliminary project stage are expensed as incurred. Internal-use software development costs are capitalized during the application development stage, which is after: (i) the preliminary project stage is completed; and (ii) management authorizes and commits to funding the project and it is probable the project will be completed and used to perform the function intended. Capitalization ceases at the point the software project is substantially complete and ready for its intended use, and after all substantial testing is completed. Upgrades and enhancements are capitalized if it is probable that those expenditures will result in additional functionality. Amortization is provided for on a straight-line basis over the expected useful life of five Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or the estimated useful lives of the assets. Upon the retirement or disposition of property and equipment, the related cost and accumulated depreciation and amortization are removed and a gain or loss is recorded in the consolidated statements of operations. Repairs and maintenance costs are expensed in the period incurred.
Courseware	Courseware The Company records the costs of courseware in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 350 “Intangibles - Goodwill and Other”. Generally, costs of courseware are capitalized whereas costs for upgrades and enhancements are expensed as incurred. Courseware is stated at cost less accumulated amortization. Amortization is provided for on a straight-line basis over the expected useful life of five
Long-Lived Assets	Long-Lived Assets The Company assesses potential impairment to its long-lived assets when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events and circumstances considered by the Company in determining whether the carrying value of identifiable intangible assets and other long-lived assets may not be recoverable include, but are not limited to: significant changes in performance relative to expected operating results, significant changes in the use of the assets, significant negative industry or economic trends, a significant decline in the Company's stock price for a sustained period of time, and changes in the Company's business strategy. An impairment loss is recorded when the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Any required impairment loss is measured as the amount by which the carrying amount of a long-lived asset exceeds fair value and is recorded as a reduction in the carrying value of the related asset and an expense to operating results.
Refunds Due Students	Refunds Due Students The Company receives Title IV funds from the Department of Education to cover tuition and living expenses. Until forwarded to the student, this amount is captured in a current liability account called Refunds Due Students. Typically, the funds are paid to the students within two weeks.
Leases	Leases The Company enters into various lease agreements in conducting its business. At the inception of each lease, the Company evaluates the lease agreement to determine whether the lease is an operating or capital lease. Leases may contain initial periods of free rent and/or periodic escalations. When such items are included in a lease agreement, the Company records rent expense on a straight-line basis over the initial term of a lease. The difference between the rent payment and the straight-line rent expense is recorded as a deferred rent liability. The Company expenses any additional payments under its operating leases for taxes, insurance or other operating expenses as incurred.
Revenue Recognition and Deferred Revenue	Revenue Recognition and Deferred Revenue Revenues consist primarily of tuition and fees derived from courses taught by the Company online as well as from related educational resources that the Company provides to its students, such as access to our online materials and learning management system. Tuition revenue is recognized pro-rata over the applicable period of instruction. The Company allows a student to make three monthly tuition payments during each 10-week class. The Company maintains an institutional tuition refund policy, which provides for all or a portion of tuition to be refunded if a student withdraws during stated refund periods. Certain states in which students reside impose separate, mandatory refund policies, which override the Company's policy to the extent in conflict. If a student withdraws at a time when a portion or none of the tuition is refundable, then in accordance with its revenue recognition policy, the Company recognizes as revenue the tuition that was not refunded. Since the Company recognizes revenue pro-rata over the term of the course and because, under its institutional refund policy, the amount subject to refund is never greater than the amount of the revenue that has been deferred, under the Company's accounting policies revenue is not recognized with respect to amounts that could potentially be refunded. The Company's educational programs have starting and ending dates that differ from its fiscal quarters. Therefore, at the end of each fiscal quarter, a portion of revenue from these programs is not yet earned and is therefore deferred. The Company also charges students annual fees for library, technology and other services, which are recognized over the related service period. Deferred revenue represents the amount of tuition, fees, and other student payments received in excess of the portion recognized as revenue and it is included in current liabilities in the accompanying consolidated balance sheets. Other revenues may be recognized as sales occur or services are performed.
Revenue Recognition and Deferred Revenue - Discontinued Operations	Revenue Recognition and Deferred Revenue - Discontinued Operations The Company enters into certain revenue sharing arrangements with consultants whereby the consultants will develop course content primarily for technology-related courses, recommend, but not select, faculty, lease equipment on behalf of the Company for instructional purposes for the on-site laboratory portion of distance learning courses and make introductions to corporate and government sponsoring organizations that provide students for the courses. The Company has evaluated ASC 605-45 "Principal Agent Considerations" and determined that there are more indicators than not that the Company is the primary obligor in the arrangements since the Company establishes the tuition, interfaces with the student or sponsoring organization, selects the faculty, is responsible for delivering the course, is responsible for issuing any degrees or certificates, and is responsible for collecting the tuition and fees. The gross tuition and fees are included in revenues while the revenue sharing payments are included in instructional costs and services, an operating expense. As a result of presenting this component as discontinued operations, the revenues are now included in income from discontinued operations, net of income taxes for all periods presented (See Note 1).
Cost of Revenues	Cost of Revenues Cost of revenues consists of two categories of cost, instructional costs and services, and marketing and promotional costs.
Instructional Costs and Services	Instructional Costs and Services Instructional costs and services consist primarily of costs related to the administration and delivery of the Company's educational programs. This expense category includes compensation costs associated with online faculty, technology license costs and costs associated with other support groups that provide services directly to the students.
Marketing and Promotional Costs	Marketing and Promotional Costs Marketing and promotional costs include costs associated with producing marketing materials and advertising. Such costs are generally affected by the cost of advertising media, the efficiency of the Company's marketing and recruiting efforts, and expenditures on advertising initiatives for new and existing academic programs. Non-direct response advertising activities are expensed as incurred, or the first time the advertising takes place, depending on the type of advertising activity.
General and Administrative	General and Administrative General and administrative expenses include compensation of employees engaged in corporate management, finance, human resources, information technology, academic operations, compliance and other corporate functions. General and administrative expenses also include professional services fees, bad debt expense related to accounts receivable, financial aid processing costs, non-capitalizable courseware and software costs, travel and entertainment expenses and facility costs.
Income Taxes	Income Tax The Company uses the asset and liability method to compute the differences between the tax basis of assets and liabilities and the related financial amounts. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount that more likely than not will be realized. The Company has deferred tax assets and liabilities that reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets are subject to periodic recoverability assessments. Realization of the deferred tax assets, net of deferred tax liabilities, is principally dependent upon achievement of projected future taxable income. The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company accounts for uncertainty in income taxes using a two-step approach for evaluating tax positions. Step one, recognition, occurs when the Company concludes that a tax position, based solely on its technical merits, is more likely than not to be sustained upon examination. Step two, measurement, is only addressed if the position is more likely than not to be sustained. Under step two, the tax benefit is measured as the largest amount of benefit, determined on a cumulative probability basis, which is more likely than not to be realized upon ultimate settlement. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense is measured at the grant date fair value of the award and is expensed over the requisite service period. For employee stock-based awards, the Company calculates the fair value of the award on the date of grant using the Black-Scholes option pricing model. Determining the fair value of stock-based awards at the grant date under this model requires judgment, including estimating volatility, employee stock option exercise behaviors and forfeiture rates. The assumptions used in calculating the fair value of stock-based awards represent the Company's best estimates, but these estimates involve inherent uncertainties and the application of management judgment. For non-employee stock-based awards, the Company calculates the fair value of the award on the date of grant in the same manner as employee awards, however, the awards are revalued at the end of each reporting period and the prorata compensation expense is adjusted accordingly until such time the non-employee award is fully vested, at which time the total compensation recognized to date shall equal the fair value of the stock-based award as calculated on the measurement date, which is the date at which the award recipient's performance is complete. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised.
Net Loss Per Share	Net Loss Per Share Net loss per common share is based on the weighted average number of common shares outstanding during each period. Options to purchase 14,426,412 10,746,412 28,871,757 23,144,005 650,000 775,000 1,207,143 1,225,564
Segment Information	Segment Information The Company operates in one reportable segment as a single educational delivery operation using a core infrastructure that serves the curriculum and educational delivery needs of its online students regardless of geography. The Company's chief operating decision makers, its CEO and Chief Academic Officer, manage the Company's operations as a whole, and no revenue, expense or operating income information is evaluated by the chief operating decision makers on any component level.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Accounting Standards Board, Accounting Standard Updates which are not effective until after April 30, 2015 are not expected to have a significant effect on the Company's unaudited consolidated financial position or results of operations. In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern (Topic 205-40)”, which requires management to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern for each annual and interim reporting period. If substantial doubt exists, additional disclosure is required. This new standard will be effective for the Company for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the implementation of this standard to have a material effect on it disclosures.

Nature of Operations and Liqu23

Nature of Operations and Liquidity (Tables)	12 Months Ended
	Apr. 30, 2015
Nature of Operations and Liquidity [Abstract]
Schedule of Discontinued Operations	For the Year Ended April 30, 2015 2014 Revenues $ — $ 549,125 Costs and expenses: Instructional costs and services — 494,213 General and administrative — (29,751 ) Total costs and expenses — 464,462 Income (loss) from discontinued operations, net of income taxes $ — $ 84,663 April 30, 2015 2014 Assets Cash and cash equivalents $ — $ — Accounts receivable, net of allowance of $ 486,781 481,531 — 5,250 Other current assets — — Net assets from discontinued operations $ — $ 5,250 Liabilities Accounts payable $ — $ — Accrued expenses — — Deferred revenue — — Net liabilities from discontinued operations $ — $ —

Significant Accounting Polici24

Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2015
Significant Accounting Policies [Abstract]
Schedule of Property and Equipment Useful Lives	Category Depreciation Term Call center equipment 5 Computer and office equipment 5 Furniture and fixtures 7 Library (online) 3 Software 5

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Apr. 30, 2015
Accounts Receivable [Abstract]
Schedule of Accounts Receivable	April 30, 2015 2014 Accounts receivable $ 1,337,792 $ 871,427 Less: Allowance for doubtful accounts (279,453 ) (221,537 ) Accounts receivable, net $ 1,058,339 $ 649,890

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Apr. 30, 2015
Property, Plant and Equipment [Line Items]
Schedule of Property and Equipment	April 30, 2015 2014 Call center hardware $ 132,798 $ 122,653 Computer and office equipment 78,626 66,118 Furniture and fixtures 42,698 36,446 Library (online) 100,000 100,000 Software 2,244,802 1,894,215 2,598,924 2,219,432 Accumulated depreciation and amortization (1,387,876 ) (938,703 ) Property and equipment, net $ 1,211,048 $ 1,280,729
Schedule of Depreciation and Amortization Expense	For the Years Ended April 30, 2015 2014 Depreciation and Amortization Expense $ 449,173 $ 369,039 Software Amortization Expense $ 409,630 $ 334,224
Software [Member]
Property, Plant and Equipment [Line Items]
Schedule of Intangible Asset	April 30, 2015 2014 Software $ 2,244,802 $ 1,894,215 Accumulated amortization (1,130,453 ) (720,823 ) Software, net $ 1,114,349 $ 1,173,392
Schedule of Estimated Future Amortization Expense	Year Ending April 30, 2016 $ 299,307 2017 388,670 2018 222,506 2019 136,544 2020 67,322 Total $ 1,114,349

Courseware (Tables)

Courseware (Tables) - Courseware [Member]	12 Months Ended
	Apr. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Schedule of Intangible Asset	April 30, 2015 2014 Courseware $ 2,247,790 $ 2,104,038 Accumulated amortization (2,074,479 ) (1,995,156 ) Courseware, net $ 173,311 $ 108,882
Schedule of amortization expense of intangible assets	For the Years Ended April 30, 2015 2014 Amortization Expense $ 79,323 $ 105,713
Schedule of Estimated Future Amortization Expense	Year Ending April 30, 2016 $ 57,780 2017 39,146 2018 31,057 2019 29,584 2020 15,744 Total $ 173,311

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Apr. 30, 2015
Accrued Expenses [Abstract]
Schedule of Accrued Expenses	April 30, 2015 2014 Accrued compensation $ 95,344 $ — Accrued Interest 57,887 85,412 Other accrued expenses 20,432 59,054 Accrued expenses $ 173,663 $ 144,466

Convertible Notes, Convertibl29

Convertible Notes, Convertible Notes - Related Party and Debenture Payable (Tables)	12 Months Ended
	Apr. 30, 2015
Convertible Notes, Convertible Notes - Related Party and Debenture Payable [Abstract]
Schedule of Notes Payable	April 30, 2015 2014 Note payable - related party originating August 14, 2012; no monthly payments required; bearing interest at 5 $ 300,000 $ 300,000 Note payable - related party originating March 13, 2012; no monthly payments required; bearing interest at 0.19 300,000 300,000 Note payable - originating February 25, 2012; no monthly payments required [B] — 75,000 Note payable - originating February 27, 2012; no monthly payments required [C] — 50,000 Note payable - originating February 29, 2012; no monthly payments required; bearing interest at 0.19 50,000 50,000 Loan Payable - related party originating February 25, 2012; no monthly payments required; bearing interest at 10 1,000,000 1,000,000 Debentures payable, net of OID — 1,787,229 Total 1,650,000 3,562,229 Less: Current maturities (notes payable) (50,000 ) (175,000 ) Less: Current maturities (Debentures Payable) — (1,787,229 ) Subtotal 1,600,000 1,600,000 Less: amount due after one year for notes payable (1,000,000 ) (1,000,000 ) Amount due after one year for convertible notes payable $ 600,000 $ 600,000 ——————— [A] - Effective September 4, 2012, note amended to provide a maturity date of August 31, 2013. Effective December 17, 2012, note further amended to provide a maturity date of August 31, 2014. On September 25, 2013, maturity date had been extended to April 5, 2015. On July 16, 2014, the maturity date had been extended to January 1, 2016. [B] - Effective February 28, 2014 a payment was made in the amount of $ 25,000 75,000 3.25 0.19 25,000 50,000 [C] - Effective February 18, 2014 the maturity date was extended to December 1, 2014 and the conversion price reduced to $ 0.19 3.25 [D] - Effective March 4, 2015, the note was amended to provide a maturity date of July 31, 2016.
Schedule of Future Maturities of Notes Payable	Year Ending April 30, 2016 $ 50,000 2017 1,600,000 $ 1,650,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2015
Commitments and Contingencies [Abstract]
Schedule of Future Minimum Rental Payments	Year Ending April 30, 2016 $ 87,393 2017 — 2018 — Total minimum payments required $ 87,393

Stockholders' Equity (Deficie31

Stockholders' Equity (Deficiency) (Tables)	12 Months Ended
	Apr. 30, 2015
Stockholders' Equity (Deficiency) [Abstract]
Schedule of Warrants Activity	Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Warrants Shares Price Term Value Balance Outstanding, April 30, 2014 23,144,005 $ 0.31 Granted 20,863,958 $ 0.19 Exercised (15,236,582 ) $ 0.15 Forfeited 100,376 Expired — Balance Outstanding, April 30, 2015 28,871,757 $ 0.26 4.2 $ 179,791 Exercisable, April 30, 2015 28,871,757 $ 0.26 4.2 $ 179,791
Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Assumptions Used In Valuing Stock Options	April 30, 2015 2014 Expected life (years) 3.5 3.3 Expected volatility 43.4 % 45.0 % Weighted-average volatility 43.4 % 45.0 % Risk-free interest rate 0.38 % 0.38 % Dividend yield 0.00 % 0.00 % Expected forfeiture rate n/a n/a
Schedule of Stock Option Activity	Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Shares Price Term Value Balance Outstanding, April 30, 2014 10,476,412 $ 0.32 Granted 3,900,000 $ 0.17 Exercised — Forfeited (170,000 ) $ 0.34 Expired — Balance Outstanding, April 30, 2015 14,206,412 $ 0.21 3.45 $ 103,000 Exercisable, April 30, 2015 5,660,470 $ 0.26 2.85 $ 4,000
Stock Option Grants to Non-Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Option Activity	Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Shares Price Term Value Balance Outstanding, April 30, 2014 270,000 $ 0.28 Granted — Exercised — Forfeited (50,000 ) $ 0.19 Expired — Balance Outstanding, April 30, 2015 220,000 $ 0.30 2.1 $ — Exercisable, April 30, 2015 73,333 0.30 2.3 —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2015
Income Taxes [Abstract]
Schedule of Income Tax Expense (Benefit)	For the Years Ended April 30, 2015 2014 Current: Federal $ — $ — State — — — — Deferred: Federal — — State — — — — Total Income tax expense (benefit) $ — $ —
Schedule of Deferred Income Tax Assets and Liabilities	April 30, 2015 2014 Deferred tax assets: Net operating loss $ 7,487,076 $ 6,021,134 Allowance for doubtful accounts 21,416 55,679 Intangible assets 304,062 294,284 Deferred rent 2,872 7,948 Stock-based compensation 580,672 411,374 Contributions carryforward 93 93 Total deferred tax assets 8,396,191 6,790,512 Deferred tax liabilities: Property and equipment (155,991 ) (126,297 ) Total deferred tax liabilities (155,991 ) (126,297 ) Deferred tax assets, net 8,240,200 6,664,215 Valuation allowance: Beginning of year (6,664,215 ) (4,684,841 ) (Increase) during period (1,575,985 ) (1,979,374 ) Ending balance (8,240,200 ) (6,664,215 ) Net deferred tax asset $ — $ —
Schedule of Income Tax Reconciliation	April 30, 2015 2014 Statutory U.S. federal income tax rate 34.0 % 34.0 % State income taxes, net of federal tax benefit 3.0 3.1 Other (0.1 ) (0.1 ) Change in valuation allowance (36.9 ) (37.0 ) Effective income tax rate 0.0 % 0.0 %

Nature of Operations and Liqu33

Nature of Operations and Liquidity (Narrative) (Details) - USD ($)	Apr. 29, 2015	Apr. 23, 2015	Jan. 15, 2015	Apr. 30, 2015	Apr. 29, 2015	Jan. 31, 2014	Apr. 30, 2015	Apr. 30, 2014
Product Information [Line Items]
Percentage Of Professors With Doctorate Degrees							60.00%
Approximate cash position				$ 3,300,000			$ 3,300,000
Restricted cash				$ 1,122,485			1,122,485	$ 868,298
Warrant Conversion/Exercised, shares	7,079,700	7,556,884		14,636,582	14,636,590
Warrant Conversion/Exercised			$ 804,050		$ 2,268,670	$ 804,050	2,268,670	$ 804,049
Financing completed							$ 5,547,826

Nature of Operations and Liqu34

Nature of Operations and Liquidity (Schedule of Discontinued Operations) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Discontinued Operations
Revenues		$ 549,125
Costs and expenses:
Instructional costs and services		494,213
General and administrative		(29,751)
Total costs and expenses		464,462
Income (loss) from discontinued operations, net of income taxes		$ 84,663
Assets
Cash and cash equivalents
Accounts receivable, net of allowance of $481,531, and $481,531, respectively		$ 5,250
Other current assets
Net assets from discontinued operations		$ 5,250
Liabilities
Accounts payable
Accrued expenses
Deferred revenue
Net liabilities from discontinued operations
Allowance for doubtful accounts receivable from discontinued operations	$ 486,781	$ 481,531

Significant Accounting Polici35

Significant Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Significant Accounting Policies [Abstract]
Restricted cash	$ 1,122,485	$ 868,298
Courseware, expected useful life	5 years
Cash and Cash Equivalents [Line Items]
Cash, FDIC insured amount	$ 250,000
Amount of cash balance uninsured by FDIC	3,130,003
Institution One [Member]
Cash and Cash Equivalents [Line Items]
Amount of cash balance uninsured by FDIC	2,191,791
Institution Two [Member]
Cash and Cash Equivalents [Line Items]
Amount of cash balance uninsured by FDIC	$ 938,212
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	14,426,412	10,746,412
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	28,871,757	23,144,005
Convertible Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1,207,143	1,225,564
Convertible debt	$ 650,000	$ 775,000

Significant Accounting Polici36

Significant Accounting Policies (Schedule of Property and Equipment Useful Lives) (Details)	12 Months Ended
	Apr. 30, 2015
Call center [Member]
Property, Plant and Equipment [Line Items]
Depreciation Term	5 years
Computer and office equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation Term	5 years
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Depreciation Term	7 years
Library (online) [Member]
Property, Plant and Equipment [Line Items]
Depreciation Term	3 years
Software [Member]
Property, Plant and Equipment [Line Items]
Depreciation Term	5 years

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Accounts Receivable [Abstract]
Accounts receivable	$ 1,337,792	$ 871,427
Less: Allowance for doubtful accounts	(279,453)	(221,537)
Accounts receivable, net	1,058,339	649,890
Bad debt expense	$ 156,165	$ 154,732

Secured Note and Accounts Rec38

Secured Note and Accounts Receivable - Related Parties (Details) - USD ($)	Apr. 29, 2015	Mar. 31, 2012	Dec. 31, 2008	Mar. 31, 2008	Apr. 30, 2015	Apr. 30, 2014	Dec. 31, 2012	Feb. 20, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 13, 2012	Mar. 08, 2012	Sep. 16, 2011
Related Party Transaction [Line Items]
Price per share	$ 0.155					$ 0.19
Accounts receivable, secured - related party, net of allowance					$ 45,329	$ 146,831
Receivable Collateral Valuation Reserve						123,647
Allowance for doubtful accounts, noncurrent accounts receivables	$ 625,963				$ 625,963	625,963
Proceeds from issuance of common shares and warrants, net	101,502				5,547,826	750,000
Accounts receivable, before allowance	$ 671,291				671,291
CEO [Member]
Related Party Transaction [Line Items]
Common shares pledged												117,943
Price per share										$ 0.19		$ 1
Shares the Company guaranteed it would use its best efforts to purchase from HEMG and resell to investors		1,400,000
Shares a stockholder did not receive		600,000
Receivable Collateral Valuation Reserve							$ 502,315
Parent Company [Member]
Related Party Transaction [Line Items]
Courseware sales			$ 600,000	$ 455,000
Series C Preferred Shares pledged by HEMG													772,793
Series C Preferred Shares pledged by HEMG, converted to common shares											654,850
Accounts receivable, secured - related party, net of allowance					$ 45,329
Receivable Collateral Valuation Reserve						$ 123,647
Due amount HEMG has failed to pay despite due demand									$ 772,793
Common stock, shares to be sold					654,850			654,850
Third Party [Member]
Related Party Transaction [Line Items]
Price per share											$ 0.50
Third party investors purchased, shares											400,000

Property and Equipment (Schedul

Property and Equipment (Schedule of Property and Equipment) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,598,924	$ 2,219,432
Less accumulated depreciation and amortization	(1,387,876)	(938,703)
Total property and equipment, net	1,211,048	1,280,729
Call center [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	132,798	122,653
Computer and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	78,626	66,118
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	42,698	36,446
Library (online) [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	100,000	100,000
Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,244,802	$ 1,894,215

Property and Equipment (Sched40

Property and Equipment (Schedule of Software, Net) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Property, Plant and Equipment [Line Items]
Intangible asset, net	$ 173,311	$ 108,882
Software [Member]
Property, Plant and Equipment [Line Items]
Intangible asset, gross	2,244,802	1,894,215
Accumulated amortization	(1,130,453)	(720,823)
Intangible asset, net	$ 1,114,349	$ 1,173,392

Property and Equipment (Sched41

Property and Equipment (Schedule Of Depreciation And Amortization Expense) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Property and Equipment [Abstract]
Depreciation and Amortization Expense	$ 449,173	$ 369,039
Software Amortization Expense	$ 409,630	$ 334,224

Property and Equipment (Sched42

Property and Equipment (Schedule of Estimated Amortization Expense of Software) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Property, Plant and Equipment [Line Items]
Intangible asset, net	$ 173,311	$ 108,882
Software [Member]
Property, Plant and Equipment [Line Items]
2,016	299,307
2,017	388,670
2,018	222,506
2,019	136,544
2,020	67,322
Intangible asset, net	$ 1,114,349	$ 1,173,392

Courseware (Narrative) (Details

Courseware (Narrative) (Details) - Courseware [Member] - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Courseware costs capitalized	$ 143,752	$ 6,500
Amortization Expense	$ 79,323	$ 105,713

Courseware (Schedule of Coursew

Courseware (Schedule of Courseware, Net) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Intangible asset, net	$ 173,311	$ 108,882
Courseware [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset, gross	2,247,790	2,104,038
Accumulated amortization	(2,074,479)	(1,995,156)
Intangible asset, net	$ 173,311	$ 108,882

Courseware (Schedule of Estimat

Courseware (Schedule of Estimated Future Amortization Expense) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Intangible asset, net	$ 173,311	$ 108,882
Courseware [Member]
Finite-Lived Intangible Assets [Line Items]
2,016	57,780
2,017	39,146
2,018	31,057
2,019	29,584
2,020	15,744
Intangible asset, net	$ 173,311	$ 108,882

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Accrued Expenses [Abstract]
Accrued compensation	$ 95,344
Accrued Interest	57,887	$ 85,412
Other accrued expenses	20,432	59,054
Accrued expenses	$ 173,663	$ 144,466

Loan Payable Officer - Relate47

Loan Payable Officer - Related Party (Details) - CEO [Member] - Loan Payable Officer - Related Party Dated June 28, 2013 [Member] - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2013	Apr. 30, 2015
Short-term Debt [Line Items]
Debt instrument, face amount	$ 1,000,000
Term of debentures	6 months
Interest rate	10.00%
Maturity date		Jul. 31, 2016

Convertible Notes, Convertibl48

Convertible Notes, Convertible Notes - Related Party and Debenture Payable (Details) - USD ($)

Dec. 01, 2014

Sep. 04, 2014

Aug. 01, 2014

Feb. 28, 2014

Sep. 30, 2014

Jul. 31, 2014

Sep. 30, 2013

Apr. 30, 2015

Apr. 30, 2014

Apr. 29, 2015

Jan. 15, 2015

Aug. 14, 2012

Mar. 13, 2012

Feb. 29, 2012

Debt Instrument [Line Items]

Proceeds from convertible debentures

$ 1,639,298

Warrant value recorded as debt discount

389,565

Warrant value recorded as debt issue cost

94,316

Debt issuance costs

$ 48,240

Exercise price of warrants

$ 0.155

Loss on Debt Extinguishment

$ (452,503)

Convertible notes payable outstanding

$ 1,650,000

$ 3,562,229

Hillair Capital Investments Lp [Member]

Debt Instrument [Line Items]

Repayment of debt

$ 2,310,000

Accrued interest settled

70,000

Loss on Debt Extinguishment

$ (452,503)

Common Stock [Member]

Debt Instrument [Line Items]

Shares issued from conversion of convertible debt

526,316

Warrant [Member]

Debt Instrument [Line Items]

Exercise price of warrants

$ 0.19

Convertible Promissory Note Dated February 25, 2012 [Member]

Debt Instrument [Line Items]

Interest rate

3.25%

Debt conversion, price per share

$ 0.19

Convertible notes payable

$ 50,000

$ 75,000

Face value of loan

$ 100,000

Repayment of debt

$ 25,000

$ 25,000

Amount of note converted

$ 50,000

Convertible Promissory Note Dated February 27, 2012 [Member]

Debt Instrument [Line Items]

Interest rate

3.25%

Debt conversion, price per share

$ 0.19

Face value of loan

50,000

Amount of note converted

$ 50,000

Convertible Promissory Note Dated February 29, 2012 [Member]

Debt Instrument [Line Items]

Face value of loan

$ 50,000

2 Year Promissory Notes [Member]

Debt Instrument [Line Items]

Interest rate

0.19%

Debt conversion, price per share

$ 1

CEO [Member] | Note Payable - Related Party Dated August 14, 2012 [Member]

Debt Instrument [Line Items]

Interest rate

5.00%

Debt conversion, price per share

$ 0.35

Face value of loan

$ 300,000

CEO [Member] | Note Payable - Related Party Dated March 13, 2012 [Member]

Debt Instrument [Line Items]

Interest rate

0.19%

Debt conversion, price per share

$ 1

Face value of loan

$ 300,000

Institutional Investor [Member]

Debt Instrument [Line Items]

Interest rate

8.00%

Debt conversion, price per share

$ 0.19

$ 0.155

$ 0.3325

Convertible notes payable

$ 1,911,572

$ 2,000,000

Face value of loan

$ 2,240,000

Percentage of the note balance due on November 1, 2014

25.00%

Percentage of the note balance due on January 1, 2015

25.00%

Percentage of the note balance due on April 1, 2015

50.00%

Proceeds from convertible debentures

$ 1,700,000

Fees Paid

$ 117,846

Shares issued from conversion of convertible debt

6,736,842

Warrant value recorded as debt discount

$ 389,565

Exercise price of warrants

$ 0.19

Amount of note converted

$ 100,000

Original issue discount

$ 328,428

240,000

Institutional Investor [Member] | Warrant [Member]

Debt Instrument [Line Items]

Expiration period

5 years

5 years

Exercise price of warrants

$ 0.19

Laidlaw and Co [Member]

Debt Instrument [Line Items]

Fees Paid

207,500

Legal Fees

$ 35,356

Issuance of common shares and warrants for services, shares

1,347,368

Warrant value recorded as debt issue cost

$ 94,316

Exercise price of warrants

$ 0.3325

Convertible Notes, Convertibl49

Convertible Notes, Convertible Notes - Related Party and Debenture Payable (Schedule of Notes Payable) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Debt Instrument [Line Items]
Total	$ 1,650,000	$ 3,562,229
Less: Current maturities		(1,787,229)
Amount due after one year	$ 1,600,000	1,600,000
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Less: Current maturities	(50,000)	(175,000)
Amount due after one year	$ 1,000,000	1,000,000
Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Less: Current maturities		(1,787,229)
Convertible Debt [Member]
Debt Instrument [Line Items]
Amount due after one year	$ 600,000	600,000
Note Payable - Related Party Dated August 14, 2012 [Member] | Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Total	300,000	300,000
Note Payable - Related Party Dated March 13, 2012 [Member] | Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Total	$ 300,000	300,000
Convertible Promissory Note Dated February 25, 2012 [Member] | Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Total		75,000
Convertible Promissory Note Dated February 27, 2012 [Member] | Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Total		50,000
Convertible Promissory Note Dated February 29, 2012 [Member] | Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Total	$ 50,000	50,000
Loan Payable Officer - Related Party Dated June 28, 2013 [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Total	$ 1,000,000	1,000,000
Debentures Payable, Net of OID [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Total		$ 1,787,229

Convertible Notes, Convertibl50

Convertible Notes, Convertible Notes - Related Party and Debenture Payable (Schedule of Future Maturities of Notes Payable) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Convertible Notes, Convertible Notes - Related Party and Debenture Payable [Abstract]
2,016	$ 50,000
2,017	1,600,000
Total	$ 1,650,000	$ 3,562,229

Commitments and Contingencies51

Commitments and Contingencies (Narrative) (Details)

Apr. 29, 2015USD ($)$ / shares

Feb. 20, 2015USD ($)shares

Jun. 24, 2013$ / shares

Nov. 30, 2013USD ($)

Apr. 30, 2015USD ($)shares

Apr. 30, 2015CAD

Apr. 30, 2014USD ($)$ / shares

Jun. 30, 2015$ / shares

Feb. 26, 2015USD ($)

Jan. 15, 2015$ / shares

Jan. 14, 2015$ / shares

Sep. 30, 2014USD ($)

Jan. 31, 2014USD ($)

Feb. 28, 2013USD ($)

Line of Credit Facility [Line Items]

Line of credit, outstanding

$ 243,989

$ 244,175

Loss Contingency, Damages Sought, Value

$ 772,793

Price per share | $ / shares

$ 0.155

$ 0.19

Proceeds from issuance of common shares and warrants, net

$ 101,502

5,547,826

$ 750,000

Accounts receivable, before allowance

$ 671,291

671,291

Operating Leased Assets [Line Items]

Rent expense

$ 213,225

$ 210,977

Consulting Agreement Investor Relations Firm [Line Items]

Exercise price of warrants | $ / shares

$ 0.155

Possible estimated loss due to unauthorized borrowing

$ 2,200,000

Title IV Funds received as a percentage of revenue

33.00%

33.00%

Remittance of Title IV funds to the Department of Education due to students ineligibility to receive the funds

$ 102,810

Parent Company [Member]

Line of Credit Facility [Line Items]

Due amount HEMG has failed to pay despite due demand

$ 772,793

Common stock, shares to be sold | shares

654,850

654,850

Common Stock [Member]

Line of Credit Facility [Line Items]

Price per share | $ / shares

$ 0.155

Warrant [Member]

Line of Credit Facility [Line Items]

Price per share | $ / shares

$ 0.19

Consulting Agreement Investor Relations Firm [Line Items]

Exercise price of warrants | $ / shares

$ 0.19

Firm One [Member]

Line of Credit Facility [Line Items]

Price per share | $ / shares

$ 0.35

Firm Two [Member]

Line of Credit Facility [Line Items]

Price per share | $ / shares

$ 0.35

Consulting Agreement Investor Relations Firm [Line Items]

Term of agreement

6 months

New York, New York [Member]

Operating Leased Assets [Line Items]

Monthly rent payments

$ 4,320

Dieppe, NB, Canada [Member]

Operating Leased Assets [Line Items]

Monthly rent payments

$ 1,700

CAD 2,049

Lease term

1 year

1 year

Denver, Colorado [Member]

Operating Leased Assets [Line Items]

Monthly rent payments

$ 6,526

Lease term

7 years

7 years

Monthly rent annual escalation rate

2.50%

2.50%

Scottsdale, Arizona [Member]

Operating Leased Assets [Line Items]

Lease term

3 years

3 years

Monthly rent payments for months four through twelve

$ 4,491

Monthly rent payments for second year

4,601

Monthly rent payments for third year

4,710

Line of Credit [Member]

Line of Credit Facility [Line Items]

Line of credit, maximum borrowing capacity

$ 250,000

Prime rate spread

0.50%

0.50%

Line of credit, interest rate at period end

3.75%

Payment period

5 years

5 years

Line of credit, outstanding

$ 243,989

Line of credit, remaining available

$ 6,011

Letter of Credit [Member]

Line of Credit Facility [Line Items]

Line of credit, outstanding

$ 2,244,971

$ 1,696,445

Line of credit, remaining available

$ 1,122,485

$ 848,225

Commitments and Contingencies52

Commitments and Contingencies (Schedule of Future Minimum Rental Payments) (Details)	Apr. 30, 2015USD ($)
Commitments and Contingencies [Abstract]
2,016	$ 87,393
2,017
2,018
Total minimum payments required	$ 87,393

Stockholders' Equity (Deficie53

Stockholders' Equity (Deficiency) (Common Stock and Warrants Narrative) (Details) - Entity [Domain] - USD ($)	Apr. 29, 2015	Apr. 23, 2015	Jan. 15, 2015	Jan. 14, 2015	Dec. 01, 2014	Jun. 24, 2014	Jun. 04, 2014	Apr. 24, 2014	Jun. 24, 2013	Apr. 30, 2015	Apr. 29, 2015	Sep. 30, 2014	Jul. 31, 2014	Jun. 24, 2014	Apr. 30, 2014	Mar. 31, 2014	Jan. 31, 2014	Sep. 30, 2013	Jun. 30, 2013	Apr. 30, 2015	Apr. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 08, 2012
Stockholders Equity [Line Items]
Common stock, shares authorized										250,000,000		120,000,000			250,000,000					250,000,000	250,000,000
Issuance of common shares for cash							$ 50,000	$ 50,000							$ 100,000					$ 5,547,826	$ 750,000
Exercise price of warrants	$ 0.155										$ 0.155
Price per share	$ 0.155										$ 0.155				$ 0.19						$ 0.19
Issuance of common shares for services rendered	$ 37,626			$ 32,632																70,258	$ 216,000
Issuance of common shares for services rendered, shares	208,333
Warrant Conversion/Exercised, shares	7,079,700	7,556,884								14,636,582	14,636,590
Warrant Conversion/Exercised			$ 804,050								$ 2,268,670						$ 804,050			2,268,670	804,049
Warrant Modification Expense			$ 156,952																	$ 333,323	156,952
Firm One [Member]
Stockholders Equity [Line Items]
Price per share																						$ 0.35
Issuance of common shares for services rendered																			$ 111,000
Issuance of common shares for services rendered, shares																			317,143
Firm Two [Member]
Stockholders Equity [Line Items]
Price per share									$ 0.35
Term of agreement									6 months
Issuance of common shares for services rendered									$ 105,000
Issuance of common shares for services rendered, shares									300,000
Equity Issuance Transaction One [Member]
Stockholders Equity [Line Items]
Exercise price of warrants			$ 0.50
Equity Issuance Transaction One [Member] | Firm One [Member]
Stockholders Equity [Line Items]
Term of agreement																			12 months
Issuance of common shares for services rendered																			$ 90,000
Equity Issuance Transaction Two [Member]
Stockholders Equity [Line Items]
Exercise price of warrants			0.3325
Equity Issuance Transaction Two [Member] | Firm One [Member]
Stockholders Equity [Line Items]
Term of agreement																			3 months
Issuance of common shares for services rendered																			$ 21,000
Laidlaw and Co [Member]
Stockholders Equity [Line Items]
Exercise price of warrants																		$ 0.3325
Director [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash						$ 50,000
CEO [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash														$ 50,000
Price per share																							$ 0.19	$ 1
Institutional Investor [Member]
Stockholders Equity [Line Items]
Amount of note converted					$ 100,000
Conversion of convertible debt into shares, shares																		6,736,842
Debt conversion, price per share					$ 0.19								$ 0.155					$ 0.3325
Issuance of common shares for cash												$ 3,766,326	$ 1,631,500
Offering costs													$ 75,000
Exercise price of warrants												$ 0.19
Net proceeds from issuance of private placement												$ 3,700,000
Number of warrants outstanding													14,451,613
Institutional Investor [Member] | Equity Issuance Transaction One [Member]
Stockholders Equity [Line Items]
Conversion of convertible debt into shares, shares					263,158
Institutional Investor [Member] | Equity Issuance Transaction Two [Member]
Stockholders Equity [Line Items]
Conversion of convertible debt into shares, shares					263,158
Board of Directors [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash																$ 600,000
Price per share																$ 0.19
Common Stock [Member]
Stockholders Equity [Line Items]
Conversion of convertible debt into shares, shares																				526,316
Issuance of common shares for cash																				$ 35,615	$ 3,947
Issuance of common shares for cash, shares							263,158	263,158							526,318					35,614,154	3,947,371
Shares issued for price protection, shares																				3,532,682	3,270,678
Price per share				$ 0.155
Issuance of common shares for services rendered																				$ 419	$ 617
Issuance of common shares for services rendered, shares				210,526																418,859	617,143
Warrant Conversion/Exercised, shares	110,526																7,006,064			14,747,116	7,006,064
Warrant Conversion/Exercised																				$ 14,748	$ 7,006
Warrant Modification Expense
Common Stock [Member] | Director [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares						263,158
Common Stock [Member] | CEO [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares														263,158
Common Stock [Member] | Institutional Investor [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares												24,298,871	10,525,809
Shares issued for price protection, shares												59,423	3,473,259
Common Stock [Member] | Board of Directors [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares																3,157,895
Warrant [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares							263,158	263,158							526,318
Exercise price of warrants			$ 0.19
Shares issued for price protection, shares			5,178,947
Price per share			$ 0.19
Warrant Conversion/Exercised, shares	(600,000)		(4,231,840)
Warrant [Member] | Director [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares						263,158
Warrant [Member] | CEO [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares														263,158
Warrant [Member] | Institutional Investor [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares												12,149,438	5,262,907
Option expiration period												5 years	5 years
Exercise price of warrants													$ 0.19
Shares issued for price protection, shares													2,662,139
Warrant [Member] | Board of Directors [Member]
Stockholders Equity [Line Items]
Issuance of common shares for cash, shares																3,157,895

Stockholders' Equity (Deficie54

Stockholders' Equity (Deficiency) (Schedule of Warrants) (Details) - Apr. 30, 2015 - Warrant [Member] - USD ($)	Total
Number of Shares
Balance Outstanding	23,144,005
Granted	20,863,958
Exercised	(15,236,582)
Forfeited	(100,376)
Expired
Balance Outstanding	28,871,757
Exercisable	28,871,757
Weighted Average Exercise Price
Balance Outstanding	$ 0.31
Granted	0.19
Exercised	0.15
Balance Outstanding	0.26
Exercisable	$ 0.26
Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	4 years 2 months 12 days
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	4 years 2 months 12 days
Exercisable	4 years 2 months 12 days
Aggregate Intrinsic Value
Balance Outstanding	$ 179,791
Exercisable	$ 179,791

Stockholders' Equity (Deficie55

Stockholders' Equity (Deficiency) (Stock Options Narrative) (Details)	Dec. 11, 2014USD ($)$ / sharesshares	Nov. 24, 2014USD ($)$ / sharesshares	Sep. 16, 2014USD ($)Item$ / sharesshares	Sep. 04, 2014USD ($)$ / sharesshares	Apr. 30, 2015USD ($)shares	Apr. 30, 2014USD ($)$ / sharesshares	Sep. 30, 2014shares	Jul. 31, 2014shares	Mar. 13, 2012shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares						3,778,711
Fair value of stock options granted						$ 332,545
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price | $ / shares						$ 0.17
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, exercise price | $ / shares						$ 0.35
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, shares authorized | shares							16,300,000	14,300,000	9,300,000
Equity Incentive Plan, shares remaining | shares					1,873,588
Vesting period					3 years
Option expiration period					5 years
Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost					$ 485,000
Weighted average recognition period					4 years
Share based compensation expense					$ 456,871	$ 334,723
Non-employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost
Share based compensation expense					$ 748	$ 2,968
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares			200,000
Fair value of stock options granted			$ 12,000
Options granted, exercise price | $ / shares			$ 0.20
Number of Directors | Item			2
Director [Member] | Equity Issuance Transaction One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
Director [Member] | Equity Issuance Transaction Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
Director [Member] | Equity Issuance Transaction Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
Director [Member] | Equity Issuance Transaction Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
Director [Member] | Equity Issuance Transaction Five [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
Director [Member] | Equity Issuance Transaction Six [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
Director [Member] | Equity Issuance Transaction Seven [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
Director [Member] | Equity Issuance Transaction Eight [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares	100,000
Fair value of stock options granted	$ 7,000
Options granted, exercise price | $ / shares	$ 0.2026
CEO and the Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares				2,600,000
Fair value of stock options granted				$ 130,000
Options granted, exercise price | $ / shares				$ 0.155
CFO [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued during period | shares		300,000
Fair value of stock options granted		$ 21,000
Options granted, exercise price | $ / shares		$ 0.234

Stockholders' Equity (Deficie56

Stockholders' Equity (Deficiency) (Schedule of Assumptions Used to Value Stock Options) (Details) - Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	3 years 6 months	3 years 3 months 18 days
Expected volatility	43.40%	45.00%
Weighted-average volatility	43.40%	45.00%
Risk-free interest rate	0.38%	0.38%
Dividend yield	0.00%	0.00%
Expected forfeiture rate

Stockholders' Equity (Deficie57

Stockholders' Equity (Deficiency) (Schedule of Stock Options Activity) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015
Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]
Number of Shares
Balance Outstanding	10,476,412
Granted	3,900,000
Exercised
Forfeited	(170,000)
Expired
Balance Outstanding	14,206,412
Exercisable	5,660,470
Weighted Average Exercise Price
Balance Outstanding	$ 0.32
Weighted average exercise price of options granted	0.17
Forfeited	0.34
Balance Outstanding	0.21
Exercisable	$ 0.26
Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	3 years 5 months 12 days
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	3 years 5 months 12 days
Exercisable	2 years 10 months 6 days
Aggregate Intrinsic Value
Balance Outstanding	$ 103,000
Exercisable	$ 4,000
Stock Option Grants to Non-Employees [Member]
Number of Shares
Balance Outstanding	270,000
Granted
Exercised
Forfeited	(50,000)
Expired
Balance Outstanding	220,000
Exercisable	73,333
Weighted Average Exercise Price
Balance Outstanding	$ 0.28
Forfeited	0.19
Balance Outstanding	0.30
Exercisable	$ 0.30
Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	2 years 1 month 6 days
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	2 years 1 month 6 days
Exercisable	2 years 3 months 18 days
Aggregate Intrinsic Value
Balance Outstanding
Exercisable

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Taxes [Abstract]
Net change in the valuation allowance	$ 1,575,985	$ 1,979,374
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 20,204,869
Earliest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards, expiration	Dec. 31, 2030
Years under examination	2,011
Latest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards, expiration	Dec. 31, 2035
Years under examination	2,014

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income Tax Expense (Benefit)) (Details) - USD ($) None in scaling factor is -9223372036854775296	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Current:
Federal
State
Total Current Income tax expense (benefit)
Deferred:
Federal
State
Total Deferred Income tax expense (benefit)
Total Income tax expense (benefit)

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Defered Income Tax Assets and Liabilities) (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2013
Deferred tax assets:
Net operating loss	$ 7,487,076	$ 6,021,134
Allowance for doubtful accounts	21,416	55,679
Intangible assets	304,062	294,284
Deferred rent	2,872	7,948
Stock-based compensation	580,672	411,374
Contributions carryforward	93	93
Total deferred tax assets	8,396,191	6,790,512
Deferred tax liabilities:
Property and equipment	(155,991)	(126,297)
Total deferred tax liabilities	(155,991)	(126,297)
Deferred tax assets, net	8,240,200	6,664,215
Valuation allowance:
Valuation allowance	$ (8,240,200)	$ (6,664,215)	$ (4,684,841)
Net deferred tax asset

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Asset Valuation Allowance Rollforward) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Taxes [Abstract]
Valuation allowance, beginning of year	$ (6,664,215)	$ (4,684,841)
(Increase) during period	(1,575,985)	(1,979,374)
Valuation allowance, ending balance	$ (8,240,200)	$ (6,664,215)

Income Taxes (Schedule of Inc62

Income Taxes (Schedule of Income Tax Reconciliation) (Details)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Taxes [Abstract]
Statutory U.S. federal income tax rate	34.00%	34.00%
State income taxes, net of federal tax benefit	3.00%	3.10%
Other	(0.10%)	(0.10%)
Change in valuation allowance	(36.90%)	(37.00%)
Effective income tax rate	0.00%	0.00%

Concentrations (Details)

Concentrations (Details)	Apr. 30, 2015USD ($)
Concentrations [Abstract]
Amount of cash balance uninsured by FDIC	$ 3,130,003

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jun. 08, 2015	Apr. 30, 2014
Subsequent Event [Line Items]
Stock options issued during period		3,778,711
Subsequent Event [Member]
Subsequent Event [Line Items]
Weighted average exercise price of options granted	$ 0.168
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Stock units granted	300,000
Fair value of grant	$ 50,400
Subsequent Event [Member] | Share-based Compensation Award, Tranche One [Member] | Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Vesting rate	66.00%
Subsequent Event [Member] | Chief Academic Officer [Member]
Subsequent Event [Line Items]
Stock options issued during period	1,000,000
Fair value of grant	$ 60,000
Subsequent Event [Member] | Chief Operating Officer [Member]
Subsequent Event [Line Items]
Stock options issued during period	700,000
Fair value of grant	$ 42,000
Subsequent Event [Member] | Chief Financial Officer [Member]
Subsequent Event [Line Items]
Stock options issued during period	300,000
Fair value of grant	$ 18,000