| Discontinued Operations |
The following table shows the results of the "Smart Home Integration Certificate" program component included in the income (loss) from discontinued operations:
| | | | | | | | | | | | | For the Three Months Ended March 31, | | | | | 2013 | | | 2012 | | | Revenues | | $ | 123,357 | | | $ | 811,041 | | | | | | | | | | | | | Costs and expenses: | | | | | | | | | | Instructional costs and services | | | 111,021 | | | | 683,895 | | | General and administrative | | | 31,000 | | | | - | | | Total costs and expenses | | | 142,021 | | | | 683,895 | | | | | | | | | | | | | Income (loss) from discontinued operations, net of income taxes | | $ | (18,664 | ) | | $ | 127,146 | |
The major classes of assets and liabilities of discontinued operations on the balance sheets are as follows:
| | | | | | | | | | | | | March 31, 2013 | | | December 31, 2012 | | | Assets | | | | | | | | Cash and cash equivalents | | $ | - | | | $ | 67,750 | | | Accounts receivable, net of allowance of $200,045 and $169,045, respectively | | | 171,831 | | | | 322,026 | | | Other current assets | | | 11,916 | | | | 3,438 | | | Net assets from discontinued operations | | $ | 183,747 | | | $ | 393,214 | | | Liabilities | | | | | | | | | | Accounts payable | | $ | 1,178 | | | $ | 1,178 | | | Accrued expenses | | | 123,954 | | | | 185,395 | | | Deferred revenue | | | - | | | | 39,857 | | | Net liabilities from discontinued operations | | $ | 125,132 | | | $ | 226,430 | |
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The following table shows the results of the "Smart Home Integration Certificate" program component included in the income from discontinued operations:
| | | | | | | | | | | | | For the Year Ended | | | | | December 31, | | | | | 2012 | | | 2011 | | | | | | | | | | | Revenues | | $ | 2,332,283 | | | $ | 2,131,693 | | | | | | | | | | | | | Costs and expenses: | | | | | | | | | | Instructional costs and services | | | 2,026,928 | | | | 1,674,127 | | | General and administrative | | | 169,045 | | | | - | | | Total costs and expenses | | | 2,195,973 | | | | 1,674,127 | | | | | | | | | | | | | Income from discontinued operations, net of income taxes | | $ | 136,310 | | | $ | 457,566 | |
The major classes of assets and liabilities of discontinued operations on the balance sheets are as follows:
| | | | | | | | | | | | | December 31, | | | | | 2012 | | | 2011 | | | Assets | | | | | | | | Cash and cash equivalents | | $ | 67,750 | | | $ | - | | | Accounts receivable, net of allowance of $169,045 and $0, respectively | | | 322,026 | | | | 632,135 | | | Other current assets | | | 3,438 | | | | - | | | Net assets from discontinued operations | | $ | 393,214 | | | $ | 632,135 | | | | | | | | | | | | | Liabilities | | | | | | | | | | Accounts payable | | $ | 1,178 | | | $ | 679,882 | | | Accrued expenses | | | 185,395 | | | | 39,225 | | | Deferred revenue | | | 39,857 | | | | - | | | Net liabilities from discontinued operations | | $ | 226,430 | | | $ | 719,107 | |
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