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Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities:    
Net loss $ (112,825) $ (416,901)
Adjustments to reconcile net (loss) net cash (used in) provided by operating activities:    
Depreciation and amortization 575,510 510,564
Stock compensation expense 61,155 96,622
Current income tax benefit (80,000) (230,000)
Equity loss from joint venture 9,175 1,688
(Increase) decrease in operating assets:    
Accounts receivable 95,878 (353,029)
Prepaid expenses and other current assets (103,991) 41,102
Other assets 8,279 (75,000)
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses (122,096) 13,996
Deferred revenue (178,003) 74,118
Other liabilities 6,876 14,724
Total adjustments 464,207 162,581
Net Cash Provided by (used in) Operating Activities 351,382 (254,320)
Cash Flows from Investing Activities:    
Acquisition of property and equipment (95,868) (82,914)
Capitalized software development costs (417,733) (70,024)
Capitalized course costs (29,400) (21,402)
Intangibles acquired (24,000) (900,000)
Additional capital invested in joint venture (10,000) 0
Net Cash (Used in) Investing Activities (577,001) (1,074,340)
Cash Flows from Financing Activities:    
Purchase of treasury stock (32,483) (475,290)
Dividend paid (61,496) (49,263)
Net Cash (Used in) Financing Activities (93,979) (524,553)
Net (decrease) in cash and cash equivalents (319,598) (1,853,213)
Cash and cash equivalents, beginning of period 7,007,541 6,720,649
Cash and cash equivalents, end of period 6,687,943 4,867,436
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 0 1,009
Common stock dividend declared May 10, 2011, paid July 8, 2011 $ 61,496 $ 0