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
Q3
10/31/2022
Q2
7/31/2022
Q1
4/30/2022
Q4
1/31/2022
Q3
10/31/2021
Q2
7/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3062,374 5,96910,9856,554
Cash and cash equivalents2,3062,374 5,96910,9856,554
Restricted cash and investments6,4246,433 1,4331,4333,723
Receivables22,39224,699 19,63621,31017,190
Prepaid expense1,6011,746 1,3761,578914
Other current assets776989 312114
Total current assets:33,49836,241 28,44535,32728,396
Noncurrent Assets
Operating lease, right-of-use asset14,27112,362 13,09013,51112,242
Property, plant and equipment12,94613,075 13,77213,76012,738
Long-term investments and receivables16,33612,430 12,70112,66411,314
Accounts and financing receivable, after allowance for credit loss16,33612,430 12,70112,66411,314
Intangible assets, net (including goodwill)5,0115,011 5,6405,6295,611
Goodwill5,0115,011 5,0115,0115,011
Intangible assets, net (excluding goodwill)   629617599
Other noncurrent assets537566 524516468
Other undisclosed noncurrent assets8,5108,470 7,6567,7087,621
Total noncurrent assets:57,61151,915 53,38553,78749,995
TOTAL ASSETS:91,10988,156 81,83089,11478,391
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,9624,998 3,8863,8753,989
Accounts payable2,8141,852 1,8072,1031,628
Accrued liabilities3,1473,147 2,0791,7732,361
Deferred revenue8,7726,246 6,18310,1914,691
Debt   5,000  
Customer refund liability3,1663,964 3,2303,2202,905
Other liabilities555751 1369658
Other undisclosed current liabilities2,2042,124 2,1072,1452,086
Total current liabilities:20,65918,083 20,54119,52813,729
Noncurrent Liabilities
Long-term debt and lease obligation33,36031,189 17,31722,73215,865
Long-term debt, excluding current maturities14,90514,910  5,000 
Liabilities, other than long-term debt      
Operating lease, liability18,45616,279 17,31717,73215,865
Other undisclosed noncurrent liabilities (18,456)(16,279) (17,317)(17,732)(15,865)
Total noncurrent liabilities:33,36031,189 17,31722,73215,865
Total liabilities:54,01949,272 37,85942,26029,594
Equity
Equity, attributable to parent37,09038,884 43,97146,85348,796
Common stock2525 252525
Treasury stock, value(1,817)(1,817) (1,817)(1,817)(1,817)
Additional paid in capital112,634112,135 111,378110,527109,618
Accumulated deficit(73,752)(71,459) (65,615)(61,881)(59,029)
Total equity:37,09038,884 43,97146,85348,796
TOTAL LIABILITIES AND EQUITY:91,10988,156 81,83089,11478,391

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

1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
4/30/2022
Q4
1/31/2022
Q3
10/31/2021
Q2
7/31/2021
Q1
Revenues17,07518,894(57,316)18,94518,94019,431
Cost of revenue(6,347)(10,206) (9,275)(8,789)(8,594)
Gross profit:10,7288,688 9,66910,15110,837
Operating expenses(11,333)(10,882) (12,121)(11,991)(11,296)
Other undisclosed operating loss(935)(921) (884)(817)(779)
Operating loss:(1,541)(3,115) (3,336)(2,658)(1,238)
Nonoperating income (expense)(706)(570) (167)(189)519
Other nonoperating income (expense)411 14(49)552
Interest and debt expense(710)(581) (181)(140)(34)
Loss from continuing operations before equity method investments, income taxes:(2,958)(4,266) (3,683)(2,986)(753)
Other undisclosed income from continuing operations before income taxes710581 18114034
Loss from continuing operations before income taxes:(2,247)(3,685) (3,502)(2,846)(720)
Income tax expense(47)(30) (232)(6)(151)
Loss from continuing operations:(2,294)(3,715) (3,734)(2,852)(871)
Loss before gain (loss) on sale of properties:(2,294)(3,715)(3,734)(2,852)(871)
Net loss available to common stockholders, diluted:(2,294)(3,715) (3,734)(2,852)(871)

Comprehensive Income ($ in thousands)

1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
4/30/2022
Q4
1/31/2022
Q3
10/31/2021
Q2
7/31/2021
Q1
Net loss:(2,294)(3,715) (3,734)(2,852)(871)
Comprehensive loss, net of tax, attributable to parent:(2,294)(3,715) (3,734)(2,852)(871)

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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