Note 4 - Goodwill Impairment	12 Months Ended
Mar. 31, 2013
Goodwill Disclosure [Abstract]
Goodwill Disclosure [Text Block]	4. Goodwill Impairment Goodwill was written off entirely as of March 31, 2012. In performing the annual review of goodwill for impairment, management performed a two-step test. In the first step, management compared the fair value of the Company’s lone reporting unit to the carrying value of its net assets. As the carrying value of the net assets exceeded the fair value of the reporting unit, management performed a second step which involved determining the implied fair value of the goodwill and comparing that to the carrying amount of the goodwill. An impairment loss is recognized to the extent the implied fair value of the goodwill is less than its carrying amount. To determine the fair value of the reporting unit in step one of the test, management primarily used a market-based approach. Generally, this approach incorporates analysis of the Company’s stock price and market capitalization as well as information regarding publicly traded companies with similar operating characteristics to develop a multiple which is then applied to the operating performance of the reporting unit to determine value. Step one of management’s 2012 annual impairment test indicated that the carrying value of the Company’s lone reporting unit exceeded its fair value. The primary factor contributing to the impairment was continued negative enrollment trends, specifically in Broadview University’s nursing program. During the fourth quarter, management determined that it was more likely than not that the nursing program would receive significant regulatory sanctions during the first quarter of fiscal 2013. On May 31, 2012, the Company received regulatory notice that Broadview will be required to teach out its remaining nursing students and discontinue the program entirely upon completion of the teach-out period. The nursing program was Broadview’s second largest individual academic program, representing 7.8% of total enrollments as of March 31, 2012. In performing step two of the impairment test, management used an income-based approach, discounting the expected future cash flows of the reporting unit. This approach utilized Level 3 fair value inputs for the respective assets (see Note 2 regarding the Company’s fair value measurement policies). Management estimated future cash flows after considering current economic conditions and trends, estimating future operating results, and considering future economic and regulatory trends. The discount rate of 16.5% used represented the estimated weighted average cost of capital, which reflected the overall inherent risk involved in the reporting unit’s future expected cash flows and the rate of return an outside investor would expect to earn. To estimate cash flows beyond the final year of management’s projections, a terminal value approach was used, whereby the present value of the resulting terminal value was incorporated into management’s estimate of fair value. The terminal growth rate used was 4.0%. Management’s analysis yielded an impairment charge of $622,016, representing the entire carrying value of the goodwill. The determination of estimated fair value required significant assumptions and estimates. These included, but were not limited to, the selection of a discount rate, terminal growth rate, operating cash flow projections, borrowing requirements and capital expenditure forecasts. Due to the inherent uncertainty involved in making such estimates, actual results could differ from those estimates.

Note 4 - Goodwill Impairment

12 Months Ended

Mar. 31, 2013

4. Goodwill Impairment

Goodwill was written off entirely as of March 31, 2012. In performing the annual review of goodwill for impairment, management performed a two-step test. In the first step, management compared the fair value of the Company’s lone reporting unit to the carrying value of its net assets. As the carrying value of the net assets exceeded the fair value of the reporting unit, management performed a second step which involved determining the implied fair value of the goodwill and comparing that to the carrying amount of the goodwill. An impairment loss is recognized to the extent the implied fair value of the goodwill is less than its carrying amount.

To determine the fair value of the reporting unit in step one of the test, management primarily used a market-based approach. Generally, this approach incorporates analysis of the Company’s stock price and market capitalization as well as information regarding publicly traded companies with similar operating characteristics to develop a multiple which is then applied to the operating performance of the reporting unit to determine value.

Step one of management’s 2012 annual impairment test indicated that the carrying value of the Company’s lone reporting unit exceeded its fair value. The primary factor contributing to the impairment was continued negative enrollment trends, specifically in Broadview University’s nursing program. During the fourth quarter, management determined that it was more likely than not that the nursing program would receive significant regulatory sanctions during the first quarter of fiscal 2013. On May 31, 2012, the Company received regulatory notice that Broadview will be required to teach out its remaining nursing students and discontinue the program entirely upon completion of the teach-out period. The nursing program was Broadview’s second largest individual academic program, representing 7.8% of total enrollments as of March 31, 2012.

In performing step two of the impairment test, management used an income-based approach, discounting the expected future cash flows of the reporting unit. This approach utilized Level 3 fair value inputs for the respective assets (see Note 2 regarding the Company’s fair value measurement policies). Management estimated future cash flows after considering current economic conditions and trends, estimating future operating results, and considering future economic and regulatory trends. The discount rate of 16.5% used represented the estimated weighted average cost of capital, which reflected the overall inherent risk involved in the reporting unit’s future expected cash flows and the rate of return an outside investor would expect to earn.

To estimate cash flows beyond the final year of management’s projections, a terminal value approach was used, whereby the present value of the resulting terminal value was incorporated into management’s estimate of fair value. The terminal growth rate used was 4.0%. Management’s analysis yielded an impairment charge of $622,016, representing the entire carrying value of the goodwill.

The determination of estimated fair value required significant assumptions and estimates. These included, but were not limited to, the selection of a discount rate, terminal growth rate, operating cash flow projections, borrowing requirements and capital expenditure forecasts. Due to the inherent uncertainty involved in making such estimates, actual results could differ from those estimates.