Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 926

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 7
Chunk 926
---
     - 
  
    Issuance of common stock under acquisition agreement 
     -  
     -  
     118,906  
     119  
     999,881  
     -  
     1,000,000 
  
    Issuance of common stock, net of offering costs 
     -  
     -  
     2,875,000  
     2,875  
     9,159,970  
     -  
     9,162,845 
  
    Exercise of options 
     -  
     -  
     165,602  
     166  
     374,465  
     -  
     374,631 
  
    Stock-based compensation 
     -  
     -  
     -  
     -  
     552,800  
     -  
     552,800 
  
    Net income 
     -  
     -  
     -  
     -  
     -  
     7,534,232  
     7,534,232 
  
    Balance, June 30, 2025 
     -  
    $-  
     12,452,670  
    $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