Consolidated Balance Sheets (USD $)	Mar. 31, 2012	Mar. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 2,542,293	$ 4,527,415
Student receivables	198,247	262,954
Prepaid expenses	7,131	71,442
Income taxes receivable	50,000
Other	16,806	137,124
TOTAL CURRENT ASSETS	2,814,477	4,998,935
PROPERTY AND EQUIPMENT, NET	2,951,478	3,000,238
OTHER ASSETS
Deposits	189,676	189,676
Deferred income taxes		401,000
Goodwill		622,016
Other	46,975	25,659
	6,002,606	9,237,524
CURRENT LIABILITIES
Accounts payable	553,140	514,217
Accrued expenses	111,066	371,293
Student credit balances	85,825	50,114
Due to affiliates	214,173	116,119
Income taxes payable		878
Deferred income taxes		5,000
TOTAL CURRENT LIABILITIES	964,204	1,057,621
DEFERRED RENT	722,556	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, 9,008,252 and 8,248,252 shares issued and outstanding at March 31, 2012 and 2011	90,082	82,482
Additional paid-in capital	5,358,904	4,464,404
Retained earnings (accumulated deficit)	(1,138,140)	3,056,431
TOTAL STOCKHOLDERS' EQUITY	4,315,846	7,608,317
	$ 6,002,606	$ 9,237,524