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Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Income Statement [Abstract]    
Revenues $ 1,357,819 $ 1,007,872
Costs and expenses:    
Instructional costs and services 904,697 531,259
Marketing and promotional 437,305 79,594
General and administrative 1,719,326 368,497
Depreciation and amortization 89,749 52,445
Total costs and expenses 3,151,077 1,031,795
Operating loss (1,793,258) (23,923)
Other income (expense):    
Interest income 644 4
Interest expense (3,031) (3,347)
Gain on disposal of property and equipment 5,879   
Loss due to unauthorized borrowing    (14,876)
Total other income (expense) 3,492 (18,219)
Loss before income taxes (1,789,766) (42,142)
Income tax expense (benefit)      
Net loss (1,789,766) (42,142)
Cumulative preferred stock dividends (37,379) (3,565)
Net loss allocable to common stockholders $ (1,827,145) $ (45,707)
Loss per share:    
Basic and diluted $ (0.11) $ 0
Weighted average number of common shares outstanding:    
Basic and diluted 16,473,874 21,000,000