Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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Cash flows from operating activities: | ||
Net income | $ 7,365us-gaap_NetIncomeLoss | $ 4,329us-gaap_NetIncomeLoss |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
Depreciation and amortization | 216us-gaap_DepreciationDepletionAndAmortization | 276us-gaap_DepreciationDepletionAndAmortization |
Stock-based compensation expense | 22us-gaap_ShareBasedCompensation | 64us-gaap_ShareBasedCompensation |
Loss on disposition of assets | 16us-gaap_GainLossOnDispositionOfAssets1 | |
Deferred income taxes | 3us-gaap_DeferredIncomeTaxesAndTaxCredits | (462)us-gaap_DeferredIncomeTaxesAndTaxCredits |
Forgiveness of debt | (1,652)us-gaap_DebtInstrumentDecreaseForgiveness | |
Loss from discontinued operations | 525us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | |
Litigation settlement | (1,300)us-gaap_LitigationSettlementAmount | |
Changes in operating assets and liabilities: | ||
Restricted cash | 1,192us-gaap_IncreaseDecreaseInRestrictedCash | (268)us-gaap_IncreaseDecreaseInRestrictedCash |
Deferred course expenses | 5,272us-gaap_IncreaseDecreaseInDeferredCharges | 1,387us-gaap_IncreaseDecreaseInDeferredCharges |
Prepaid expenses and other current assets | (493)us-gaap_IncreaseDecreaseInPrepaidExpensesOther | (257)us-gaap_IncreaseDecreaseInPrepaidExpensesOther |
Income tax receivable | 60us-gaap_IncreaseDecreaseInIncomeTaxesReceivable | 1,572us-gaap_IncreaseDecreaseInIncomeTaxesReceivable |
Inventory | 39us-gaap_IncreaseDecreaseInInventories | 32us-gaap_IncreaseDecreaseInInventories |
Deposits with credit card processors | 1,603us-gaap_IncreaseDecreaseInDeposits | |
Restricted cash required by related party | 1,578pric_IncreaseDecreaseInRestrictedCashRelatedParty | |
Other assets | 3us-gaap_IncreaseDecreaseInOtherOperatingAssets | (108)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Accounts payable | 554us-gaap_IncreaseDecreaseInAccountsPayable | 35us-gaap_IncreaseDecreaseInAccountsPayable |
Royalties payable | (81)us-gaap_IncreaseDecreaseInRoyaltiesPayable | 3,678us-gaap_IncreaseDecreaseInRoyaltiesPayable |
Accrued course expenses | (53)us-gaap_IncreaseDecreaseInAccruedLiabilities | (127)us-gaap_IncreaseDecreaseInAccruedLiabilities |
Accrued salaries, wages and benefits | 44us-gaap_IncreaseDecreaseInAccruedSalaries | 74us-gaap_IncreaseDecreaseInAccruedSalaries |
Other accrued expenses | 1,068us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | (72)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities |
Deferred revenue | (15,563)us-gaap_IncreaseDecreaseInDeferredRevenue | (7,150)us-gaap_IncreaseDecreaseInDeferredRevenue |
Net cash (used in) provided by operations | (1,652)us-gaap_NetCashProvidedByUsedInOperatingActivities | 5,073us-gaap_NetCashProvidedByUsedInOperatingActivities |
Cash flows from investing activities: | ||
Purchases of property and equipment | (187)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (169)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Proceeds from the sale of assets | 1us-gaap_ProceedsFromSaleOfOtherAssets1 | |
Net cash used in investing activities | (187)us-gaap_NetCashProvidedByUsedInInvestingActivities | (168)us-gaap_NetCashProvidedByUsedInInvestingActivities |
Cash flows from financing activities: | ||
Principal payments on debt | (338)us-gaap_PaymentsOfDebtIssuanceCosts | (1,315)us-gaap_PaymentsOfDebtIssuanceCosts |
Net cash used in financing activities | (338)us-gaap_NetCashProvidedByUsedInFinancingActivities | (1,315)us-gaap_NetCashProvidedByUsedInFinancingActivities |
Effect of foreign currency exchange rates on cash and cash equivalents | (445)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (641)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
Net (decrease) increase in cash and cash equivalents | (2,622)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 2,949us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of year | 5,554us-gaap_CashAndCashEquivalentsAtCarryingValue | 2,605us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of year | 2,932us-gaap_CashAndCashEquivalentsAtCarryingValue | 5,554us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental cash flow information: | ||
Interest | 44us-gaap_InterestPaid | 187us-gaap_InterestPaid |
Income taxes | (6)us-gaap_IncomeTaxesPaidNet | (1,470)us-gaap_IncomeTaxesPaidNet |
Supplemental disclosure of non-cash activity: | ||
Portion of equipment acquired using installment note financing | 65pric_NonCashPortionOfEquipmentAcquiredUsingInstallmentNoteFinancing | |
Conversion of long-term debt to equity ownership | 4,650pric_NonCashConversionOfLong-TermDebtToEquityOwnership | |
Note receivable received from sale of discontinued operations | $ 775pric_NonCashNoteReceivableReceivedFromSaleOfDiscontinuedOperations |
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- Definition
Increase decrease in restricted Cash related party. No definition available.
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- Definition
Non cash conversion of long-term debt to equity ownership. No definition available.
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- Definition
Non cash note receivable received from sale of discontinued operations. No definition available.
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- Definition
Non cash portion of equipment acquired using installment note financing. No definition available.
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Decrease for amounts of indebtedness forgiven by the holder of the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in accrued salaries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of expenditures made during the current reporting period for benefits that will be received over a period of years. Deferred charges differ from prepaid expenses in that they usually extend over a long period of time and may or may not be regularly recurring costs of operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) of consideration paid in advance for other costs that provide economic benefits in future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the obligations due for compensation payments related to the use of copyrights, patents, trade names, licenses, technology. Royalty payments are also paid by the lease holders for oil, gas, and mineral extraction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of judgment or settlement awarded to (against) the entity in respect of litigation. No definition available.
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from the sale of other assets as part of operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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