Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 803

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 5
Chunk 803
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F-3

Legacy
Education Inc.

Consolidated
Income Statements

    2025  
    2024 

    For the fiscal years ended June 30, 

    2025  
    2024 
  
    Revenue 

    Tuition and related income, net 
    $64,168,025  
    $46,000,316 

    Operating expenses 

    Educational services 
     34,246,953  
     26,351,326 
  
    General and administrative 
     19,267,153  
     12,999,164 
  
    General and administrative – related party 
     225,875  
     168,000 
  
    Depreciation and amortization 
     441,718  
     265,036 
  
    Total costs and expenses 
     54,181,699  
     39,783,526 

    Operating income 
     9,986,326  
     6,216,790 

    Other income and expense 

    Interest expenses 
     (112,731) 
     (118,162)
  
    Interest income 
     1,149,234  
     886,834 
  
    Total other income 
     1,036,503  
     768,672 

    Income before income tax expenses 
     11,022,829  
     6,985,462 
  
    Income tax expenses 
     (3,488,597) 
     (1,870,610)
  
    Net income 
    $7,534,232  
    $5,114,852 

    Net income per share 

    Basic net income per share 
    $0.65  
    $0.55 
  
    Diluted net income per share 
    $0.59  
    $0.53 

    Weighted average number of common stock outstanding 

    Basic weighted average shares outstanding 
     11,581,383  
     9,291,149 
  
    Diluted weighted average shares outstanding 
     12,685,036  
     9,691,149 

The
accompanying notes are an integral part of these consolidated financial statements.

F-4

Legacy
Education Inc.

Consolidated
Statements of Changes in Stockholders’ Equity