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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net loss$ (287,536)$ (525,803)
Adjustments to reconcile net loss net cash provided by operating activities  
Depreciation and amortization882,620793,917
Stock compensation expense104,714145,286
Deferred income taxes0(70,000)
Current income tax benefit(100,000)(160,000)
Equity loss from joint venture10,75018,163
(Increase) decrease in operating assets:  
Accounts receivable507,4171,131,158
Prepaid expenses and other current assets(91,429)(91,858)
Other assets(7,339)75,000
(Decrease) increase in operating liabilities:  
Accounts payable and accrued expenses(231,108)(428,440)
Deferred revenue(217,951)87,125
Other liabilities21,31822,086
Total adjustments878,9921,522,437
Net Cash Provided by Operating Activities591,456996,634
Cash Flows from Investing Activities:  
Acquisition of property and equipment(198,311)(214,503)
Capitalized software development costs(638,582)(182,083)
Capitalized course costs(50,098)(30,021)
Note receivable0(900,000)
Repayment of note receivable0125,325
Intangibles acquired(24,000)0
Additional capital invested in joint venture(10,000)0
Net Cash (Used in) Investing Activities(920,991)(1,201,282)
Cash Flows from Financing Activities:  
Purchase of treasury stock(83,620)(475,290)
Dividend paid(122,989)(98,473)
Net Cash (Used in) Financing Activities(206,609)(573,763)
Net (decrease) in cash and cash equivalents(536,144)(778,411)
Cash and cash equivalents, beginning of period7,007,5416,720,649
Cash and cash equivalents, end of period6,471,3975,942,238
Supplemental Disclosure of Cash Flow Information:  
Cash paid for interest01,008
Cash paid for income taxes080,000
Common stock dividend declared August 9, 2011, paid October 5, 2011$ 61,124$ 0