Company: LGCY
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006418
Chunk: 122

Company: Legacy Education Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part II, Item 8
Chunk 122
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235 billion or (b) in which the Company is deemed to be a large accelerated filer under the rules of the Securities and Exchange
Commission, and (iii) the date on which the Company has issued more than $1.0 billion of non-convertible debt in any three-year period.

Earnings
Per Share

ASC
260, Earnings Per Share, requires dual presentation of basic and diluted earnings per share (“EPS”) with a reconciliation
of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic
EPS excludes dilution. Diluted EPS is calculated using the treasury stock method, and reflects the potential dilution that could occur
if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common
stock that then shared in the earnings of the entity.

    F-11

Legacy
Education Inc.

Notes
to Consolidated Financial Statements

For
The Three and Six Months ended December 31, 2024 and 2023

(Unaudited)

The
following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common
share for the three and six months ended December 31, 2024 and 2023:

Schedule of Reconciliation of Basic and Diluted 

    2024  
    2023  
    2024  
    2023 

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

    2024  
    2023  
    2024  
    2023 
  
    Numerator 

    Net income 
    $1,399,046  
     1,289,961  
    $3,489,799  
    $2,359,557 

    Denominator 

    Weighted-average shares outstanding, basic 
     12,254,453  
     9,291,149  
     10,787,640  
     9,291,149 
  
    Dilutive impact of share-based instruments 
     1,163,370  
     400,000  
     1,163,370  
     400,000 
  
    Weighted-average shares outstanding, diluted 
     13,417,823  
     9