Consolidated Balance Sheets (June 30, 2012 Unaudited) (USD $)	Jun. 30, 2012	Mar. 31, 2012
CURRENT ASSETS
Cash and cash equivalents	$ 1,684,136	$ 2,542,293
Student receivables	81,235	198,247
Due from affiliates	49,965
Prepaid expenses	62,860	7,131
Income taxes receivable	50,000	50,000
Other		16,806
TOTAL CURRENT ASSETS	1,928,196	2,814,477
PROPERTY AND EQUIPMENT, NET	2,864,409	2,951,478
OTHER ASSETS
Deposits	189,676	189,676
Other	48,837	46,975
	5,031,118	6,002,606
CURRENT LIABILITIES
Accounts payable	389,252	553,140
Accrued expenses	207,872	111,066
Student credit balances	32,280	85,825
Due to affiliates	344,149	214,173
TOTAL CURRENT LIABILITIES	973,553	964,204
DEFERRED RENT	722,556	722,556
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 issued and outstanding at June 30, 2012 and March 31, 2012	90,082	90,082
Additional paid-in capital	5,371,704	5,358,904
Accumulated deficit	(2,131,777)	(1,138,140)
TOTAL STOCKHOLDERS' EQUITY	3,335,009	4,315,846
	$ 5,031,118	$ 6,002,606