ASPEN GROUP, INC.: 10-K filed 2020-07-07

Name: ASPEN GROUP, INC.: 10-K filed 2020-07-07
Creator: ASPEN GROUP, INC.
License: https://creativecommons.org/licenses/by/4.0/

What ASPEN GROUP, INC. reported in its annual report filed 2020-07-07 (fiscal FY 2020): 44 published measures, 131 facts as tagged in accession 0001487198-20-000010.

This filing

Form: 10-K (annual report)
Filed: 2020-07-07
Fiscal period: fiscal FY 2020
Accession: 0001487198-20-000010 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All ASPEN GROUP, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2020-04-30	66,239,511	USD
At 2019-04-30	43,204,503	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2020-04-30	24,491,554	USD
At 2019-04-30	16,743,075	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2020-04-30	41,747,957	USD
At 2019-04-30	26,461,428	USD
At 2018-04-30	33,733,591	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2020-04-30	14,350,554	USD
At 2019-04-30	8,316,285	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	-664,563	USD	90
2019-05-01 to 2020-04-30	-5,659,065	USD	366
2019-11-01 to 2020-01-31	-2,281,052	USD	92
2019-08-01 to 2019-10-31	-638,168	USD	92
2019-05-01 to 2019-07-31	-2,075,282	USD	92
2019-02-01 to 2019-04-30	-1,609,923	USD	89
2018-05-01 to 2019-04-30	-9,278,217	USD	365
2018-11-01 to 2019-01-31	-2,355,940	USD	92
2018-08-01 to 2018-10-31	-2,475,078	USD	92
2018-05-01 to 2018-07-31	-2,837,276	USD	92

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	-5,748,633	USD	366
2018-05-01 to 2019-04-30	-10,216,014	USD	365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	3,276,510	USD	366
2018-05-01 to 2019-04-30	2,531,521	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	14,079,193	USD	90
2019-05-01 to 2020-04-30	49,061,080	USD	366
2019-11-01 to 2020-01-31	12,537,940	USD	92
2019-08-01 to 2019-10-31	12,085,965	USD	92
2019-05-01 to 2019-07-31	10,357,982	USD	92
2019-02-01 to 2019-04-30	10,214,142	USD	89
2018-05-01 to 2019-04-30	34,025,418	USD	365
2018-11-01 to 2019-01-31	8,494,627	USD	92
2018-08-01 to 2018-10-31	8,095,344	USD	92
2018-05-01 to 2018-07-31	7,221,305	USD	92

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	16,978,007	USD	366
2018-05-01 to 2019-04-30	8,003,744	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	-3,290,361	USD	366
2018-05-01 to 2019-04-30	-2,623,043	USD	365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2020-04-30	-47,709,030	USD
At 2019-04-30	-42,049,965	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	51,820	USD	366
2018-05-01 to 2019-04-30	0	USD	365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2020-04-30	6,147,643	USD
At 2019-04-30	4,391,340	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	2,116,309	USD	366
2018-05-01 to 2019-04-30	1,190,385	USD	365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	-339,790	USD	90
2019-05-01 to 2020-04-30	-4,038,413	USD	366
2019-11-01 to 2020-01-31	-1,728,048	USD	92
2019-08-01 to 2019-10-31	-331,775	USD	92
2019-05-01 to 2019-07-31	-1,638,800	USD	92
2019-02-01 to 2019-04-30	-1,360,067	USD	89
2018-05-01 to 2019-04-30	-9,109,726	USD	365
2018-11-01 to 2019-01-31	-2,421,686	USD	92
2018-08-01 to 2018-10-31	-2,474,649	USD	92
2018-05-01 to 2018-07-31	-2,853,324	USD	92

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2020-04-30	33,371,414	USD
At 2019-04-30	21,037,112	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	1,818,078	USD	366
2018-05-01 to 2019-04-30	444,680	USD	365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2020-04-30	10,357,073	USD
At 2019-04-30	6,350,227	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2020-04-30	1,505,859	USD
At 2019-04-30	1,699,221	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2020-04-30	5,011,432	USD
At 2019-04-30	5,011,432	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2020-04-30	7,900,000	USD
At 2019-04-30	8,541,667	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2020-04-30	14,326,791	USD
At 2019-04-30	10,656,470	USD

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	5,431,181	USD	90
2019-05-01 to 2020-04-30	19,135,302	USD	366
2019-11-01 to 2020-01-31	5,163,007	USD	92
2019-08-01 to 2019-10-31	4,188,056	USD	92
2019-05-01 to 2019-07-31	4,353,058	USD	92
2019-02-01 to 2019-04-30	4,312,331	USD	89
2018-05-01 to 2019-04-30	15,977,218	USD	365
2018-11-01 to 2019-01-31	4,076,980	USD	92
2018-08-01 to 2018-10-31	3,835,515	USD	92
2018-05-01 to 2018-07-31	3,752,392	USD	92

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2020-04-30	21,753,853	shares
At 2019-04-30	18,648,884	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2020-04-30	17,906,765	USD
At 2019-04-30	9,967,752	USD
At 2018-04-30	14,803,065	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2020-04-30	89,505,216	USD
At 2019-04-30	68,562,727	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit
At 2020-04-30	6,412,851	USD
At 2019-05-01	8,800,000	USD
At 2019-04-30	0	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2020-04-30	7,368,587	USD
At 2019-05-01	8,800,000	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2020-04-30	8,988,662	USD
At 2019-04-30	6,216,864	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2020-04-30	2,841,019	USD
At 2019-04-30	1,825,524	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2020-04-30	355,831	USD
At 2019-04-30	629,626	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2020-04-30	537,413	USD
At 2019-04-30	651,418	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2020-04-30	3,712,994	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	-673,501	USD	90
2019-05-01 to 2020-04-30	-5,607,245	USD	366
2019-11-01 to 2020-01-31	-2,265,889	USD	92
2019-08-01 to 2019-10-31	-628,168	USD	92
2019-05-01 to 2019-07-31	-2,039,687	USD	92
2019-02-01 to 2019-04-30	-1,609,923	USD	89
2018-05-01 to 2019-04-30	-9,278,217	USD	365
2018-11-01 to 2019-01-31	-2,355,940	USD	92
2018-08-01 to 2018-10-31	-2,475,078	USD	92
2018-05-01 to 2018-07-31	-2,837,276	USD	92

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	30,329,520	USD	366
2018-05-01 to 2019-04-30	24,133,820	USD	365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	2,203,461	USD	366
2018-05-01 to 2019-04-30	2,170,098	USD	365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	641,667	USD	366
2018-05-01 to 2019-04-30	1,100,000	USD	365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	-1,568,832	USD	366
2018-05-01 to 2019-04-30	-168,491	USD	365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	51,820	USD	366
2018-05-01 to 2019-04-30	0	USD	365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	0	USD	366
2018-05-01 to 2019-04-30	0	USD	365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	1,208,285	USD	366
2018-05-01 to 2019-04-30	118,217	USD	365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	16,044,879	USD	366
2018-05-01 to 2019-04-30	0	USD	365
2015-04-28 to 2015-04-29	101,502	USD	2

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	8,717,424	USD	366
2018-05-01 to 2019-04-30	6,477,948	USD	365

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2019-05-01 to 2020-04-30	-193,362	USD	366
2018-05-01 to 2019-04-30	-527,993	USD	365

Inspect the source

Entity: ASPEN GROUP, INC. / CIK 0001487198
Captured: 2026-09-22 19:48 UTC
SEC response SHA-256: 5e035f2821ffd549f4d46597eb5d626a12f25745e7e53253430ee2d47bd6afc3

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with urlopen("https://canlicapital.com/company-data/0001487198.json") as response:
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print(record["policy"])
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