Aspen Group Inc. (ASPU) Financial Statements (2024 and earlier)

Company Profile

Business Address 276 FIFTH AVENUE
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End April 30
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2023
MRQ
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,4838,51314,3519,96814,6132,756
Cash and cash equivalents6,4838,51314,3519,96814,6132,756
Restricted cash and investments6,4335,1533,556448191 
Receivables24,35916,72514,35010,6596,9874,524
Prepaid expense1,3591,078942411199134
Other current assets74969173   
Other undisclosed current assets    (448) 900
Total current assets:39,38331,53733,37121,03721,9908,314
Noncurrent Assets
Operating lease, right-of-use asset12,64612,7156,413
Property, plant and equipment13,49712,6556,1484,3912,8621,455
Long-term investments and receivables11,40710,2506,7013,0851,315658
Accounts and financing receivable, after allowance for credit loss11,40710,2506,7013,0851,315658
Intangible assets, net (including goodwill)5,01112,92012,9115,1735,150145
Goodwill5,0115,0115,0115,0115,011 
Intangible assets, net (excluding goodwill) 7,9087,900162138145
Other noncurrent assets57847935663058556
Other undisclosed noncurrent assets8,5442513398,8889,68745
Total noncurrent assets:51,68349,27032,86822,16719,5992,359
TOTAL ASSETS:91,06680,80766,24043,20541,58910,674
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,5183,5072,0432,3512,8861,020
Interest and dividends payable49     
Taxes payable400     
Employee-related liabilities1,354     
Accounts payable1,8931,4661,5061,6992,227757
Accrued liabilities2,8212,041537651659263
Deferred revenue5,8906,8253,713
Debt  1,683501,05050
Deferred rent credit    478
Customer refund liability4,0642,7472,3721,175816311
Deferred revenue and credits 1,366
Contract with customer, liability2,457
Other liabilities130308546271203 
Other undisclosed current liabilities2332,030  1,814 
Total current liabilities:16,83515,41810,3576,3506,7782,746
Noncurrent Liabilities
Long-term debt and lease obligation31,68516,29914,1349,6471,000 
Long-term debt, excluding current maturities14,876 8,4499,6471,000 
Liabilities, other than long-term debt   7467734
Deferred revenue and credits 34
Deferred rent credit    74677
Operating lease, liability16,80916,2995,685
Other undisclosed noncurrent liabilities (16,809)(16,299)   53
Total noncurrent liabilities:31,68516,29914,13410,3931,07787
Total liabilities:48,52031,71624,49216,7437,8552,833
Equity
Equity, attributable to parent42,54649,09041,74826,46133,7347,840
Common stock252522191814
Treasury stock, value(1,817)(1,817)(70)(70)(70)(70)
Additional paid in capital112,082109,04189,50568,56366,55733,607
Accumulated deficit(67,744)(58,158)(47,709)(42,050)(32,772)(25,711)
Total equity:42,54649,09041,74826,46133,7347,840
TOTAL LIABILITIES AND EQUITY:91,06680,80766,24043,20541,58910,674

Income Statement (P&L) ($ in thousands)

1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
Revenues76,69467,81349,06134,02522,02214,247
Cost of revenue(35,259)(29,454)(19,135)(15,977)(9,854)(5,061)
Gross profit:41,43538,35929,92618,04812,1689,185
Operating expenses(47,035)(44,177)(31,761)(24,988)(16,329)(9,411)
Other undisclosed operating loss(3,370)(2,426)(2,203)(2,170)(1,092)(557)
Operating loss:(8,970)(8,244)(4,038)(9,110)(5,253)(782)
Nonoperating expense(188)(2,172)(1,569)(168)(1,808)(323)
Other nonoperating income (expense)531(121)24927615014
Interest and debt expense(719)(2,051)50(445)(2,010)(338)
Loss from continuing operations before equity method investments, income taxes:(9,877)(12,468)(5,557)(9,723)(9,071)(1,443)
Other undisclosed income (loss) from continuing operations before income taxes7192,051(50)4452,010338
Loss from continuing operations before income taxes:(9,158)(10,416)(5,607)(9,278)(7,061)(1,105)
Income tax expense(427)(33)(52)   
Loss from continuing operations:(9,586)(10,449)(5,659)(9,278)(7,061)(1,105)
Loss before gain (loss) on sale of properties:(9,586)(10,449)(5,659)(9,278)(7,061)(1,105)
Net loss available to common stockholders, diluted:(9,586)(10,449)(5,659)(9,278)(7,061)(1,105)

Comprehensive Income ($ in thousands)

1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
Net loss:(9,586)(10,449)(5,659)(9,278)(7,061)(1,105)
Comprehensive loss, net of tax, attributable to parent:(9,586)(10,449)(5,659)(9,278)(7,061)(1,105)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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