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)

4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,51314,3519,96814,6132,756784
Cash and cash equivalents8,51314,3519,96814,6132,756784
Restricted cash and investments5,1533,556448191  
Receivables16,72514,35010,6596,9874,5242,180
Prepaid expense1,078942411199134123
Other current assets69173    
Other undisclosed current assets   (448) 900 
Total current assets:31,53733,37121,03721,9908,3143,087
Noncurrent Assets
Operating lease, right-of-use asset12,7156,413
Property, plant and equipment12,6556,1484,3912,8621,4551,149
Long-term investments and receivables10,2506,7013,0851,31565845
Accounts and financing receivable, after allowance for credit loss10,2506,7013,0851,31565845
Intangible assets, net (including goodwill)12,92012,9115,1735,150145195
Goodwill5,0115,0115,0115,011  
Intangible assets, net (excluding goodwill) 7,9087,900162138145195
Other noncurrent assets4793566305855631
Other undisclosed noncurrent assets2513398,8889,687450
Total noncurrent assets:49,27032,86822,16719,5992,3591,420
TOTAL ASSETS:80,80766,24043,20541,58910,6744,507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5072,0432,3512,8861,020186
Interest and dividends payable      
Taxes payable      
Employee-related liabilities      
Accounts payable1,4661,5061,6992,2277579
Accrued liabilities2,041537651659263177
Deferred revenue6,8253,713
Debt  1,683501,0505050
Deferred rent credit   478
Customer refund liability2,7472,3721,175816311111
Other liabilities308546271203  
Deferred revenue and credits 1,3661,016
Contract with customer, liability2,457
Other undisclosed current liabilities2,030  1,814  
Total current liabilities:15,41810,3576,3506,7782,7461,363
Noncurrent Liabilities
Long-term debt and lease obligation16,29914,1349,6471,000  
Long-term debt, excluding current maturities 8,4499,6471,000  
Liabilities, other than long-term debt   74677341,029
Deferred revenue and credits 3429
Deferred rent credit   74677
Due to related parties      1,000
Operating lease, liability16,2995,685
Other undisclosed noncurrent liabilities(16,299)   53302
Total noncurrent liabilities:16,29914,13410,3931,077871,331
Total liabilities:31,71624,49216,7437,8552,8332,694
Equity
Equity, attributable to parent49,09041,74826,46133,7347,8401,813
Common stock2522191814135
Treasury stock, value(1,817)(70)(70)(70)(70)(70)
Additional paid in capital109,04189,50568,56366,55733,60726,353
Accumulated deficit(58,158)(47,709)(42,050)(32,772)(25,711)(24,605)
Total equity:49,09041,74826,46133,7347,8401,813
TOTAL LIABILITIES AND EQUITY:80,80766,24043,20541,58910,6744,507

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

4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues67,81349,06134,02522,02214,2478,454
Cost of revenue(29,454)(19,135)(15,977)(9,854)(5,061)(3,587)
Gross profit:38,35929,92618,04812,1689,1854,867
Operating expenses(44,177)(31,761)(24,988)(16,329)(9,411)(6,404)
Other undisclosed operating loss(2,426)(2,203)(2,170)(1,092)(557)(598)
Operating loss:(8,244)(4,038)(9,110)(5,253)(782)(2,135)
Nonoperating expense(2,172)(1,569)(168)(1,808)(323)(111)
Other nonoperating income (expense)(121)2492761501410
Interest and debt expense(2,051)50(445)(2,010)(338)(121)
Loss from continuing operations before equity method investments, income taxes:(12,468)(5,557)(9,723)(9,071)(1,443)(2,368)
Other undisclosed income (loss) from continuing operations before income taxes2,051(50)4452,010338121
Loss from continuing operations before income taxes:(10,416)(5,607)(9,278)(7,061)(1,105)(2,247)
Income tax expense(33)(52)    
Loss from continuing operations:(10,449)(5,659)(9,278)(7,061)(1,105)(2,247)
Loss before gain (loss) on sale of properties:(10,449)(5,659)(9,278)(7,061)(1,105)(2,247)
Net loss available to common stockholders, diluted:(10,449)(5,659)(9,278)(7,061)(1,105)(2,247)

Comprehensive Income ($ in thousands)

4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net loss:(10,449)(5,659)(9,278)(7,061)(1,105)(2,247)
Comprehensive loss, net of tax, attributable to parent:(10,449)(5,659)(9,278)(7,061)(1,105)(2,247)

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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