Consolidated Balance Sheets (June 30, 2011 Unaudited) (USD $)	Jun. 30, 2011	Mar. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 4,016,275	$ 4,527,415
Student receivables	100,950	262,954
Prepaid expenses	97,936	97,101
Income taxes receivable	24,505
Other	11,031	137,124
TOTAL CURRENT ASSETS	4,250,697	5,024,594
PROPERTY AND EQUIPMENT, NET	3,048,644	3,000,238
OTHER ASSETS
Deposits	189,676	189,676
Deferred income taxes	609,000	401,000
Goodwill	622,016	622,016
[Assets]	8,720,033	9,237,524
CURRENT LIABILITIES
Accounts payable	391,882	514,217
Accrued expenses	228,281	371,293
Student credit balances	24,639	50,114
Due to affiliates	81,574	116,119
Income taxes payable		878
Deferred income taxes	11,000	5,000
TOTAL CURRENT LIABILITIES	737,376	1,057,621
DEFERRED RENT	706,674	571,586
STOCKHOLDERS' EQUITY
Preferred stock Series B, par value $.01 per share, authorized 5,000,000 shares, 500,000 shares issued and outstanding	5,000	5,000
Common stock, par value $.01 per share, authorized 100,000,000 shares, 8,358,252 and 8,248,252 shares issued and outstanding at June 30, 2011 and March 31, 2011	83,582	82,482
Additional paid-in capital	4,514,504	4,464,404
Retained earnings	2,672,897	3,056,431
TOTAL STOCKHOLDERS' EQUITY	7,275,983	7,608,317
[LiabilitiesAndStockholdersEquity]	$ 8,720,033	$ 9,237,524