Accounts, grants and loans receivable consist of the following as of June 30, 2010 and 2009:
| 2010 | 2009 | |
| Student tuition and fees | $ 4,570,026 | $ 4,218,329 |
| Student loans | 2,381,480 | 2,498,579 |
| Grants and contracts | 2,958,855 | 1,373,460 |
| Other | 341,396 | 930,043 |
| 10,251,757 | 9,020,411 | |
| Less: allowance for doubtful accounts | (3,294,391) | (2,375,267) |
| 6,957,366 | 6,645,144 | |
| Non-current portion | 756,703 | 873,803 |
| Current portion | $ 6,200,663 | $ 5,771,341 |
Capital assets as of June 30, 2010, are summarized as follows:
| Beginning Balance | Additions | Reductions | Ending Balance | |
|---|---|---|---|---|
| Cost | ||||
| Land and improvements | $ 5,648,990 | $ - | $ - | $ 5,648,990 |
| Buildings | 114,476,880 | 27,515,471 | - | 141,992,351 |
| Equipment | 21,635,019 | 916,670 | 7,367 | 22,544,322 |
| Computer software | - | 1,428,493 | - | 1,428,493 |
| Library holdings | 9,369,482 | 372,028 | 44,580 | 9,696,930 |
| Transportation equipment | 4,005,837 | 25,021 | - | 4,030,858 |
| Construction in progress | 26,249,387 | - | 22,905,499 | 3,343,888 |
| 181,385,595 | 30,257,683 | 22,957,446 | 188,685,832 | |
| Accumulated depreciation | ||||
| Buildings | 79,473,958 | 2,691,826 | - | 82,165,784 |
| Equipment | 10,619,304 | 1,468,177 | - | 12,087,481 |
| Library holdings | 7,690,176 | 438,989 | - | 8,129,165 |
| Transportation equipment | 3,015,000 | 315,440 | - | 3,330,440 |
| 100,798,438 | 4,914,432 | - | 105,712,870 | |
| Capital assets, net | $ 80,587,157 | $ 25,343,251 | $ 22,957,446 | $ 82,972,962 |
30.