Company: LGCY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022296
Chunk: 55

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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     1,966,137 
  
    Deferred income tax assets 
     395,546  
     395,546 
  
    Security deposits 
     506,089  
     503,133 
  
    Total assets 
    $72,090,408  
    $69,205,138 

    LIABILITIES AND STOCKHOLDERS’
    EQUITY 

    Current liabilities 

    Accounts payable and accrued liabilities 
    $5,294,676  
    $4,929,530 
  
    Accrued income tax payable 
     1,383,974  
     596,250 
  
    Deferred, unearned tuition 
     5,351,127  
     4,956,396 
  
    Other current liabilities 
     3,197  
     3,197 
  
    Current portion of debt 
     661,944  
     875,350 
  
    Debt owed, related party 
     50,000  
     50,000 
  
    Current portion of financing lease 
     65,806  
     63,989 
  
    Current portion of operating lease liability 
     2,159,041  
     2,306,061 
  
    Total current liabilities 
     14,969,765  
     13,780,773 

    Debt, net of current portion 
     64,912  
     481,264 
  
    Financing lease, net of current portion 
     73,539  
     151,420 
  
    Other liabilities 
     -  
     - 
  
    Operating lease liability, net of current portion 
     13,316,571  
     13,748,161 
  
    Total liabilities 
     28,424,787  
     28,161,618 

    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, 12,497,027
    and 12,452,670 shares issued and outstanding as of September 30,