ASPEN GROUP, INC. Balance Sheet

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated balance sheets

In millions of USD, except per-share amounts

	Q3 FY2023 As of Jan 31, 2023	Q2 FY2023 As of Oct 31, 2022	Q1 FY2023 As of Jul 31, 2022	Q4 FY2022 As of Apr 30, 2022	Q3 FY2022 As of Jan 31, 2022	Q2 FY2022 As of Oct 31, 2021	Q1 FY2022 As of Jul 31, 2021	Q4 FY2021 As of Apr 30, 2021	Q3 FY2021 As of Jan 31, 2021	Q2 FY2021 As of Oct 31, 2020	Q1 FY2021 As of Jul 31, 2020	Q4 FY2020 As of Apr 30, 2020	Q3 FY2020 As of Jan 31, 2020	Q2 FY2020 As of Oct 31, 2019	Q1 FY2020 As of Jul 31, 2019	Q4 FY2019 As of Apr 30, 2019	Q3 FY2019 As of Jan 31, 2019	Q2 FY2019 As of Oct 31, 2018	Q1 FY2019 As of Jul 31, 2018	Q4 FY2018 As of Apr 30, 2018
Assets
Current assets:
Cash
Cash and cash equivalents
Restricted cash
Accounts receivable, net of allowance
Prepaid expenses
Other receivables
Other current assets
Total current assets
Property and equipment:
Call center equipment
Computer and office equipment
Furniture and fixtures
Software
Software
Total software
Property and equipment, gross
Computer equipment and hardware
Furniture and fixtures
Leasehold improvements
Instructional equipment
Software
Construction in progress
Total property and equipment, gross
Less: accumulated depreciation and amortization
Total property and equipment, net

Goodwill
Intangible assets
Courseware, net
Software
Total intangible assets
Accounts receivable, net of allowance of $0, and $625,963, respectively
Intangible assets, net
Intangible assets, net
Courseware, net
Software
Total intangible assets, net
Long-term contractual accounts receivable
Deferred financing costs
Operating lease right-of-use assets, net
Deposits and other assets
Total assets
Liabilities and Stockholders’ Equity
Liabilities:
Current liabilities:
Accounts payable
Accrued expenses
Deferred revenue
Due to students
Deferred rent, current portion
Convertible note payable
Senior secured loan payable, net of discount of $218,030 at October 31, 2019
Current portion of long-term debt
Operating lease obligations, current portion
Other current liabilities
Total current liabilities

Long-term debt, net
Senior secured loan payable, net of discount of $353,328
Long-term debt, net
Operating lease obligations, less current portion
Deferred rent
Total liabilities
Stockholders’ equity:
Preferred stock, $0.001 par value; 1,000,000 shares authorized
Common stock, $0.001 par value; 60,000,000 shares authorized
Additional paid-in capital
Treasury stock (155,486 and 155,486 shares, respectively)
Treasury stock
Accumulated deficit
Total stockholders’ equity
Total liabilities and stockholders’ equity

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