Company: LGCY
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006418
Chunk: 2

Company: Legacy Education Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
9,291 
  
    Additional paid in capital 
     26,688,788  
     16,186,251 
  
    Retained earnings 
     9,713,269  
     6,223,470 
  
    Total stockholders’ equity 
     36,414,430  
     22,419,012 
  
    Total liabilities and stockholders’
    equity 
    $62,069,876  
    $35,173,050 

    *
    Derived
    from audited information

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

F-2

Legacy
Education Inc.

Consolidated
Income Statements

for
the three and six months ended December 31, 2024 and 2023

(Unaudited)

    2024  
    2023  
    2024  
    2023 

    For
                                            the Three Months Ended December
                                            31,  
    For
                                            the Six Months Ended December
                                            31, 

    2024  
    2023  
    2024  
    2023 
  
    Revenue 

    Tuition and
    related income, net 
    $13,635,134  
    $10,551,297  
    $27,640,225  
    $20,918,231 

    Operating expenses 

    Educational services 
     7,479,226  
     5,526,347  
     14,683,800  
     11,258,473 
  
    General and administrative 
     4,349,129  
     3,281,201  
     8,315,176  
     6,435,606 
  
    General and administrative
    – related party 
     43,147  
     42,000  
     124,200  
     84,000 
  
    Depreciation and amortization 
     105,839  
     63,303  
     186,980  
     121,162 
  
    Total costs and expenses 
     11,977,341  
     8,912,851  
     23,310,156  
     17,899,241 

    Operating income