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Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Consolidated Statements Of Operations    
Revenues $ 892,334 $ 546,778
Costs and expenses:    
Instructional costs and services 235,713 187,847
Marketing and promotional 310,491 437,305
General and administrative 1,217,273 1,752,281
Depreciation and amortization 120,357 89,749
Total costs and expenses 1,883,834 2,467,182
Operating loss from continuing operations (991,500) (1,920,404)
Other income (expense):    
Interest income 243 644
Interest expense (5,217) (3,031)
Gain on disposal of property and equipment    5,879
Other income 66,267   
Total other income (expense) 61,293 3,492
Loss from continuing operations before income taxes (930,207) (1,916,912)
Income tax expense (benefit)      
Loss from continuing operations (930,207) (1,916,912)
Discontinued operations (Note 1)    
Income (loss) from discontinued operations, net of income taxes (18,664) 127,146
Net loss (948,871) (1,789,766)
Cumulative preferred stock dividends    (37,379)
Net loss allocable to common stockholders $ (948,871) $ (1,827,145)
Loss per share from continuing operations - basic and diluted $ (0.02) $ (0.12)
Income (loss) per share from discontinued operations - basic and diluted    0.01
Net loss per share allocable to common stockholders - basic and diluted (0.02) (0.11)
Weighted average number of common shares outstanding:    
Basic and diluted 55,671,814 16,473,874