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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Sep. 30, 2013
Mar. 31, 2013
ASSETS    
Cash $ 1,292,664 $ 6,340,609
Student receivables 51,121 189,447
Inventory 481,110 0
Prepaid expenses 42,496 72,654
TOTAL CURRENT ASSETS 1,867,391 6,602,710
PROPERTY AND EQUIPMENT, NET 2,114,324 2,380,552
Deposits 189,676 189,676
Other 27,530 37,809
4,198,921 9,210,747
LIABILITIES AND STOCKHOLDERS' EQUITY    
Line of credit 0 2,000,000
Accounts payable 376,696 630,783
Accrued expenses 219,059 204,147
Student credit balances 48,568 79,920
Due to affiliates 510,363 674,465
TOTAL CURRENT LIABILITIES 1,154,686 3,589,315
DEFERRED RENT 712,866 723,318
STOCKHOLDERS' EQUITY    
Preferred stock Series B, par value $.01 per share, authorized 5,000,000 shares, 5,000,000 shares issued and outstanding 50,000 50,000
Common stock, par value $.01 per share, authorized 100,000,000 shares, 13,508,252 issued and outstanding 135,082 135,082
Additional paid-in capital 10,945,104 10,945,104
Accumulated deficit (8,798,817) (6,232,072)
TOTAL STOCKHOLDERS' EQUITY 2,331,369 4,898,114
$ 4,198,921 $ 9,210,747