Aspen Group Inc. (ASPU) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,969  9,96814,613
Cash and cash equivalents5,969  9,96814,613
Restricted cash and investments1,433  448191
Receivables19,636  10,6596,987
Prepaid expense1,376  411199
Other current assets31    
Other undisclosed current assets   (448) 
Total current assets:28,445  21,03721,990
Noncurrent Assets
Operating lease, right-of-use asset13,090  
Property, plant and equipment13,772  4,3912,862
Long-term investments and receivables12,701  3,0851,315
Accounts and financing receivable, after allowance for credit loss12,701  3,0851,315
Intangible assets, net (including goodwill)5,640  5,1735,150
Goodwill5,011  5,0115,011
Intangible assets, net (excluding goodwill)629  162138
Other noncurrent assets524  630585
Other undisclosed noncurrent assets7,656  8,8889,687
Total noncurrent assets:53,385  22,16719,599
TOTAL ASSETS:81,830  43,20541,589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,886  2,3512,886
Accounts payable1,807  1,6992,227
Accrued liabilities2,079  651659
Deferred revenue6,183  
Debt5,000  501,050
Deferred rent credit   478
Customer refund liability3,230  1,175816
Contract with customer, liability2,457
Other liabilities136  271203
Other undisclosed current liabilities2,107   1,814
Total current liabilities:20,541  6,3506,778
Noncurrent Liabilities
Long-term debt and lease obligation17,317  9,6471,000
Long-term debt, excluding current maturities   9,6471,000
Operating lease, liability17,317  
Liabilities, other than long-term debt   74677
Deferred rent credit   74677
Other undisclosed noncurrent liabilities(17,317)    
Total noncurrent liabilities:17,317  10,3931,077
Total liabilities:37,859  16,7437,855
Stockholders' equity
Stockholders' equity attributable to parent43,971  26,46133,734
Common stock25  1918
Treasury stock, value(1,817)  (70)(70)
Additional paid in capital111,378  68,56366,557
Accumulated deficit(65,615)  (42,050)(32,772)
Total stockholders' equity:43,971  26,46133,734
TOTAL LIABILITIES AND EQUITY:81,830  43,20541,589

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Revenues76,367  34,02522,022
Cost of revenue(35,380)  (15,977)(9,854)
Gross profit:40,987  18,04812,168
Operating expenses(47,160)  (24,988)(16,329)
Other undisclosed operating loss(3,354)  (2,170)(1,092)
Operating loss:(9,527)  (9,110)(5,253)
Nonoperating income (expense)126  (168)(1,808)
Other nonoperating income513  276150
Interest and debt expense(386)  (445)(2,010)
Loss from continuing operations before equity method investments, income taxes:(9,788)  (9,723)(9,071)
Other undisclosed income from continuing operations before income taxes386  4452,010
Loss from continuing operations before income taxes:(9,401)  (9,278)(7,061)
Income tax expense(376)    
Net loss available to common stockholders, diluted:(9,777)  (9,278)(7,061)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Net loss:(9,777)  (9,278)(7,061)
Comprehensive loss, net of tax, attributable to parent:(9,777)  (9,278)(7,061)

Statements sources

The financial statements are based on the company's filings with the 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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