Company: LGCY
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006418
Chunk: 1

Company: Legacy Education Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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     898,000 
  
    Security deposits 
     503,133  
     416,605 
  
    Total assets 
    $62,069,876  
    $35,173,050 

    LIABILITIES AND STOCKHOLDERS’
    EQUITY 

    Current liabilities 

    Accounts payable and accrued liabilities 
    $4,583,748  
    $3,862,895 
  
    Accrued income tax payable 
     155,949  
     1,443,335 
  
    Deferred, unearned tuition 
     4,581,460  
     2,585,747 
  
    Other current liabilities 
     23,521  
     24,201 
  
    Current portion of debt 
     965,546  
     574,244 
  
    Debt owed, related party 
     50,000  
     50,000 
  
    Current portion of financing lease 
     60,559  
     57,260 
  
    Current portion of operating lease liability 
     2,512,695  
     1,868,560 
  
    Total current liabilities 
     12,933,478  
     10,466,242 

    Debt, net of current portion 
     123,203  
     123,862 
  
    Financing lease, net of current portion 
     143,303  
     215,409 
  
    Other liabilities 
     46  
     905 
  
    Operating lease liability, net of current portion 
     12,455,416  
     1,947,620 
  
    Total liabilities 
     25,655,446  
     12,754,038 

    Commitments and contingencies 
     -   
     -  

    Stockholders’ equity 

    Preferred stock: $0.001 par value, 10,000,000
    shares authorized; no shares issued and outstanding 
     -  
     - 
  
    Common stock: $0.001 par value, 100,000,000 shares authorized, 12,373,112
    and 9,291,149 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively 
     12,373