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Post-effective amendment to a registration statement that is not immediately effective upon filing

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Dec. 31, 2011
Consolidated Statements Of Operations [Abstract]        
Revenues $ 892,334 $ 546,778 $ 2,684,931 $ 2,346,238
Costs and expenses:        
Instructional costs and services 235,713 187,847 899,909 525,907
Marketing and promotional 310,491 437,305 1,442,128 515,362
General and administrative 1,217,273 1,752,281 5,235,282 3,593,956
Receivable collateral valuation service       502,315   
Depreciation and amortization 120,357 89,749 397,923 264,082
Total costs and expenses 1,883,834 2,467,182 8,477,557 4,899,307
Operating loss from continuing operations (991,500) (1,920,404) (5,792,626) (2,553,069)
Other income (expense):        
Interest income 243 644 4,592 2,656
Interest expense (5,217) (3,031) (364,889) (27,850)
Gain on disposal of property and equipment    5,879 5,879   
Other income 66,267         
Loss due to unauthorized borrowing          (14,876)
Total other expense 61,293 3,492 (354,418) (40,070)
Loss from continuing operations before income taxes (930,207) (1,916,912) (6,147,044) (2,593,139)
Income tax expense (benefit)            
Loss from continuing operations (930,207) (1,916,912) (6,147,044) (2,593,139)
Discontinued operations (Note 1)        
Income from discontinued operations, net of income taxes (18,664) 127,146 136,310 457,566
Net loss (948,871) (1,789,766) (6,010,734) (2,135,573)
Cumulative preferred stock dividends    (37,379) (37,379) (87,326)
Net loss allocable to common stockholders $ (948,871) $ (1,827,145) $ (6,048,113) $ (2,222,899)
Loss per share from continuing operations - basic and diluted $ (0.02) $ (0.12) $ (0.17) $ (0.17)
Income (loss) per share from discontinued operations - basic and diluted    0.01    0.03
Net loss per share allocable to common stockholders - basic and diluted (0.02) (0.11) (0.17) (0.14)
Weighted average number of common shares outstanding:        
Basic and diluted 55,671,814 16,473,874 35,316,681 15,377,413