Company: LGCY
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010844
Chunk: 2

Company: Legacy Education Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 authorized; no shares issued and outstanding 
     -  
     - 
  
    Common stock: $0.001
    par value, 100,000,000 shares authorized, 12,380,557 and 9,291,149 shares issued and outstanding as of March 31, 2025 and June 30,
    2024, respectively 
     12,380  
     9,291 
  
    Additional
    paid in capital 
     26,734,488  
     16,186,251 
  
    Retained
    earnings 
     12,530,734  
     6,223,470 
  
    Total
    stockholders’ equity 
     39,277,602  
     22,419,012 
  
    Total
    liabilities and stockholders’ equity 
    $67,099,260  
    $35,173,050 

  *
  Derived
  from audited information

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

F-2

Legacy
Education Inc.

Condensed Consolidated
Income Statements

for
the three and nine months ended March 31, 2025 and 2024

(Unaudited)

    2025  
    2024  
    2025  
    2024 

    For
                                            the Three Months Ended March
                                            31,  
    For
                                            the Nine Months Ended March
                                            31, 

    2025  
    2024  
    2025  
    2024 
  
    Revenue 

    Tuition
    and related income, net 
    $18,577,565  
    $12,329,665  
    $46,217,790  
    $33,247,896 

    Operating
    expenses 

    Educational
    services 
     10,116,976  
     6,544,156  
     24,800,776  
     17,802,629 
  
    General
    and administrative 
     4,618,026  
     3,310,191  
     12,933,202  
     9,745,797 
  
    General
    and administrative – related party 
     46,500