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Condensed Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Tuition fee $ 4,398,772 $ 4,195,712 $ 8,681,294 $ 8,368,146
Room and board 1,885,188 1,798,163 3,720,554 3,586,348
TOTAL REVENUES 6,283,960 5,993,875 12,401,848 11,954,494
COST OF REVENUES        
Tuition costs 2,110,281 2,362,904 4,348,445 4,176,879
Room and board 904,407 1,012,673 1,863,620 1,790,091
TOTAL COST OF REVENUES 3,014,688 3,375,577 6,212,065 5,966,970
GROSS PROFIT 3,269,272 2,618,298 6,189,783 5,987,524
OPERATING EXPENSES        
General and Administrative Expenses 65,947 53,977 174,283 71,308
TOTAL OPERATING EXPENSES 65,947 53,977 174,283 71,308
INCOME FROM OPERATIONS 3,203,325 2,564,321 6,015,500 5,916,216
OTHER INCOME (EXPENSE)        
Interest Income 7,918 4,810 14,312 9,938
NET INCOME BEFORE INCOME TAXES 3,211,243 2,569,131 6,029,812 5,926,154
INCOME TAX EXPENSE        
NET INCOME 3,211,243 2,569,131 6,029,812 5,926,154
Foreign currency translation, net of tax 542,225 116,906 853,762 156,355
COMPREHENSIVE INCOME $ 3,753,468 $ 2,686,037 $ 6,883,574 $ 6,082,509
Basic $ 0.11 $ 0.10 $ 0.20 $ 0.23
Diluted $ 0.11 $ 0.10 $ 0.20 $ 0.23
Basic 30,005,862 26,121,623 30,005,862 26,121,623
Diluted 30,005,862 26,121,623 30,005,862 26,121,623