Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ (611)us-gaap_NetIncomeLoss $ 4,736us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 51us-gaap_DepreciationDepletionAndAmortization 55us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes 1us-gaap_DeferredIncomeTaxesAndTaxCredits 1us-gaap_DeferredIncomeTaxesAndTaxCredits
Litigation settlement    (1,300)us-gaap_LitigationSettlementAmount
Change in operating assets and liabilities:    
Restricted cash (742)us-gaap_IncreaseDecreaseInRestrictedCash 183us-gaap_IncreaseDecreaseInRestrictedCash
Deferred course expenses 160us-gaap_IncreaseDecreaseInDeferredCharges 2,075us-gaap_IncreaseDecreaseInDeferredCharges
Prepaid expenses and other receivables (788)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (103)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Inventory (33)us-gaap_IncreaseDecreaseInInventories (30)us-gaap_IncreaseDecreaseInInventories
Other assets (6)us-gaap_IncreaseDecreaseInOtherOperatingAssets (20)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable-trade 722us-gaap_IncreaseDecreaseInAccountsPayable 715us-gaap_IncreaseDecreaseInAccountsPayable
Royalties payable 169us-gaap_IncreaseDecreaseInRoyaltiesPayable (278)us-gaap_IncreaseDecreaseInRoyaltiesPayable
Accrued course expenses 450us-gaap_IncreaseDecreaseInAccruedLiabilities 561us-gaap_IncreaseDecreaseInAccruedLiabilities
Accrued salaries, wages and benefits 482us-gaap_IncreaseDecreaseInAccruedSalaries 175us-gaap_IncreaseDecreaseInAccruedSalaries
Other accrued expenses 595us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 635us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Deferred revenue 696us-gaap_IncreaseDecreaseInDeferredRevenue (4,094)us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by operating activities 1,146us-gaap_NetCashProvidedByUsedInOperatingActivities 3,311us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (24)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (67)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (24)us-gaap_NetCashProvidedByUsedInInvestingActivities (67)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES    
Principle payments of debt (2)us-gaap_PaymentsOfDebtIssuanceCosts (302)us-gaap_PaymentsOfDebtIssuanceCosts
Net cash used in financing activities (2)us-gaap_NetCashProvidedByUsedInFinancingActivities (302)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate differences on cash (377)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (157)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase in cash and cash equivalents 743us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,785us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 2,932us-gaap_CashAndCashEquivalentsAtCarryingValue 5,554us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 3,675us-gaap_CashAndCashEquivalentsAtCarryingValue 8,339us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures:    
Cash paid during the period for income taxes, net of refunds received (6)us-gaap_IncomeTaxesPaidNet (10)us-gaap_IncomeTaxesPaidNet
Cash paid during the period for interest $ 2us-gaap_InterestPaid $ 29us-gaap_InterestPaid