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Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Mar. 31, 2012
CURRENT ASSETS    
Cash $ 6,340,609 $ 2,542,293
Student receivables 189,447 198,247
Prepaid expenses 72,654 7,131
Income taxes receivable   50,000
Other   16,806
TOTAL CURRENT ASSETS 6,602,710 2,814,477
PROPERTY AND EQUIPMENT, NET 2,380,552 2,951,478
Deposits 189,676 189,676
Other 37,809 46,975
9,210,747 6,002,606
CURRENT LIABILITIES    
Line of credit 2,000,000  
Accounts payable 630,783 553,140
Accrued expenses 204,147 111,066
Student credit balances 79,920 85,825
Due to affiliates 674,465 214,173
TOTAL CURRENT LIABILITIES 3,589,315 964,204
DEFERRED RENT 723,318 722,556
STOCKHOLDERS' EQUITY    
Preferred stock Series B, par value $.01 per share, authorized 5,000,000 shares, 5,000,000 and 500,000 shares issued and outstanding at March 31, 2013 and 2012 50,000 5,000
Common stock, par value $.01 per share, authorized 100,000,000 shares, 13,508,252 and 9,008,252 shares issued and outstanding at March 31, 2013 and 2012 135,082 90,082
Additional paid-in capital 10,945,104 5,358,904
Accumulated deficit (6,232,072) (1,138,140)
TOTAL STOCKHOLDERS' EQUITY 4,898,114 4,315,846
$ 9,210,747 $ 6,002,606