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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,164,571) $ (129,040)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 664,679 470,983
Goodwill impairment 622,016  
Deferred income taxes 396,000 (71,000)
Deferred rent 150,970 289,021
Stock-based compensation 89,600 200,500
Changes in operating assets and liabilities:    
Student receivables 64,707 (106,594)
Inventory   424,802
Prepaid expenses 64,311 55,272
Other assets 99,002 (146,371)
Accounts payable 38,923 23,038
Accrued expenses (260,227) 136,653
Student credit balances 35,711 23,001
Income taxes (50,878) (154,791)
Net cash provided by (used in) operating activities (2,249,757) 1,015,474
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (615,919) (2,046,740)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Preferred dividends paid (30,000) (30,000)
Issuance of common stock 812,500  
Net change in due to affiliates 98,054 (2,398)
Net cash provided by (used in) financing activities 880,554 (32,398)
DECREASE IN CASH AND CASH EQUIVALENTS (1,985,122) (1,063,664)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 4,527,415 5,591,079
CASH AND CASH EQUIVALENTS AT END OF YEAR 2,542,293 4,527,415
Supplementary information:    
Cash paid for income taxes   $ 163,519