Quarterly report pursuant to Section 13 or 15(d)

Restatements (Details 3)

v3.8.0.1
Restatements (Details 3) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 1,947 $ 1,025 $ 1,637 $ 1,618
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization 32 39 65 78
Gain on change in fair value of derivatives     (87) (3)
Share-based compensation     107 74
Deferred income taxes     (355) (1)
Changes in operating assets and liabilities:        
Restricted cash     (186) (721)
Deferred course expenses     (240) (161)
Prepaid expenses and other receivable     (539) (447)
Inventory     (18) 180
Other assets     (27) (3)
Accounts payable-trade     (388) 2,153
Royalties payable     201 103
Accrued course expenses     725 390
Accrued salaries, wages and benefits     280 (618)
Other accrued expenses     656 (1,124)
Deferred revenue     1,254 (2,089)
Other liabilities     100
Net Cash Provided by (Used in) Operating Activities     3,185 (571)
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchases of property and equipment     (103) (37)
Net cash used in investing activities     (103) (37)
CASH FLOWS FROM FINANCING ACTIVITIES        
Principal payments on debt     (5) (5)
Net cash used in financing activities     (5) (5)
Effect of exchange rate differences on cash     (83) 703
Net increase in cash and cash equivalents     2,994 90
Cash and cash equivalents, beginning of period     1,711 4,881
Cash and cash equivalents, end of period 4,705 $ 4,971 4,705 4,971
Supplemental disclosures:        
Cash paid during the period for interest     5 5
Cash paid during the period for income taxes, net of refunds received     30 $ 34
As Previously Reported [Member]        
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income 995   1,215  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization     65  
Gain on change in fair value of derivatives     (87)  
Share-based compensation     107  
Deferred income taxes     (264)  
Changes in operating assets and liabilities:        
Restricted cash     (186)  
Deferred course expenses     (487)  
Prepaid expenses and other receivable     (539)  
Inventory     (18)  
Other assets     (27)  
Accounts payable-trade     (388)  
Royalties payable     201  
Accrued course expenses     725  
Accrued salaries, wages and benefits     280  
Other accrued expenses     656  
Deferred revenue     1,832  
Other liabilities     100  
Net Cash Provided by (Used in) Operating Activities     3,185  
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchases of property and equipment     (103)  
Net cash used in investing activities     (103)  
CASH FLOWS FROM FINANCING ACTIVITIES        
Principal payments on debt     (5)  
Net cash used in financing activities     (5)  
Effect of exchange rate differences on cash     (83)  
Net increase in cash and cash equivalents     2,994  
Cash and cash equivalents, beginning of period     1,711  
Cash and cash equivalents, end of period 4,705   4,705  
Supplemental disclosures:        
Cash paid during the period for interest     5  
Cash paid during the period for income taxes, net of refunds received     30  
Restatement Adjustment [Member]        
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income 952   422  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization      
Gain on change in fair value of derivatives      
Share-based compensation      
Deferred income taxes     (91)  
Changes in operating assets and liabilities:        
Restricted cash      
Deferred course expenses     247  
Prepaid expenses and other receivable      
Inventory      
Other assets      
Accounts payable-trade      
Royalties payable      
Accrued course expenses      
Accrued salaries, wages and benefits      
Other accrued expenses      
Deferred revenue     (578)  
Other liabilities      
Net Cash Provided by (Used in) Operating Activities     0  
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchases of property and equipment      
Net cash used in investing activities      
CASH FLOWS FROM FINANCING ACTIVITIES        
Principal payments on debt      
Net cash used in financing activities      
Effect of exchange rate differences on cash      
Net increase in cash and cash equivalents     0  
Cash and cash equivalents, beginning of period      
Cash and cash equivalents, end of period $ 0   0  
Supplemental disclosures:        
Cash paid during the period for interest      
Cash paid during the period for income taxes, net of refunds received     $ 2