Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 433

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 433
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 $12,453  
    $27,273,365  
    $13,757,702  
    $41,043,520 

    Balance 
     -  
    $-  
     12,452,670  
    $12,453  
    $27,273,365  
    $13,757,702  
    $41,043,520 

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

F-5

Legacy
Education Inc.

Consolidated
Statements of Cash Flows

    2025  
    2024 

    For the fiscal years ended June 30, 

    2025  
    2024 
  
    Cash flows provided by (used in) operating activities: 

    Net income 
    $7,534,232  
    $5,114,852 
  
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities: 

    Non cash compensation 
     552,800  
     1,882,076 
  
    Depreciation & amortization 
     441,718  
     265,036 
  
    Deferred income tax 
     502,454  
     (730,000)
  
    Provision for allowance for doubtful accounts for accounts receivable and contracts receivable 
     2,529,500  
     348,788 
  
    Changes in assets and liabilities: 

    Accounts receivable 
     (2,993,192) 
     (6,440,025)
  
    Prepaid expenses 
     (327,148) 
     (370,766)
  
    Other receivable 
     (161,530) 
     560 
  
    Related party receivable 
     -  
     69,975 
  
    Other assets 
     (54,293) 
     (183,917)
  
    Accounts payable and accrued liabilities 
     1,056,269  
     1,283,922 
  
    Income tax payable 
     (847,085) 
     1,296,280 
  
    Deferred unearned tuition 
     (465,486) 
     (887,979)
  
    Net cash provided by operating activities 
     7,768,239  
     1