Consolidated Balance Sheets (December 31, 2012 Unaudited) (USD $)	Dec. 31, 2012	Mar. 31, 2012
CURRENT ASSETS
Cash and cash equivalents	$ 1,196,489	$ 2,542,293
Student receivables	153,021	198,247
Prepaid expenses	28,742	7,131
Income taxes receivable	50,000	50,000
Other		16,806
TOTAL CURRENT ASSETS	1,428,252	2,814,477
PROPERTY AND EQUIPMENT, NET	2,517,801	2,951,478
Deposits	189,676	189,676
Other	44,045	46,975
	4,179,774	6,002,606
CURRENT LIABILITIES
Accounts payable	472,738	553,140
Accrued expenses	51,292	111,066
Student credit balances	48,676	85,825
Due to affiliates	210,408	214,173
TOTAL CURRENT LIABILITIES	783,114	964,204
LINE OF CREDIT	2,000,000
DEFERRED RENT	723,318	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 shares issued and outstanding	90,082	90,082
Additional paid-in capital	5,397,304	5,358,904
Accumulated deficit	(4,819,044)	(1,138,140)
TOTAL STOCKHOLDERS' EQUITY	673,342	4,315,846
	$ 4,179,774	$ 6,002,606