Commitments and Contingencies (Details) (USD $)
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1 Months Ended | 9 Months Ended | ||
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Nov. 30, 2013
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Jan. 31, 2014
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Jan. 30, 2014
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Feb. 11, 2013
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Commitments and Contingencies [Abstract] | ||||
Line of credit, interest rate at period end | 3.75% | |||
LIBOR spread | 0.50% | |||
Line of credit, outstanding | $ 244,175 | $ 1,696,445 | ||
Line of credit, remaining available | 5,825 | 848,225 | ||
Title IV Funds received as a percentage of revenue | 26.00% | |||
Remittance of Title IV funds to the Department of Education due to students ineligibility to receive the funds | 102,810 | |||
Possible estimated loss due to unauthorized borrowing | $ 2,200,000 |
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- Definition
Remittance of Title IV funds to the Department of Education due to students ineligibility to receive the funds. No definition available.
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- Definition
Percent of Title IV funds received of the Company's cash revenues (including revenues from discontinued operations), as calculated in accordance with Department of Education guidelines. No definition available.
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- Details
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X | ||||||||||
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Reflects the estimated amount of loss from the specified contingency as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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