Company: LGCY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022296
Chunk: 54

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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Legacy
Education Inc.

(dba
High Desert Medical College)

(dba
Central Coast College)

(dba
Integrity College of Health)

(dba
Contra Costa Medical Career College)

Condensed
Consolidated Financial Statements for the three months

ended
September 30, 2025 and 2024

Table
of Contents

    Page

    Financial Statements:
    F-1

    Condensed Consolidated Balance Sheets
    F-2

    Condensed Consolidated Income Statements
    F-3

    Condensed Consolidated Statements of Stockholders’ Equity
    F-4

    Condensed Consolidated Statements of Cash Flows
    F-5

    Notes to Condensed Consolidated Financial Statements
    F-6
    to F-22

F-1

Legacy
Education Inc.

Consolidated
Balance Sheets

    September
                                            30,
                                               2025  
    June
    30, 2025 
  
    ASSETS 
        
     (Audited) 
  
    Current assets 

    Cash and cash equivalents 
    $20,586,087  
    $20,316,357 
  
    Accounts receivable, net of $1,861,311 and
    $1,641,052 allowance for doubtful accounts as of September 30, 2025 and June 30, 2025, respectively 
     17,625,201  
     15,050,841 
  
    Prepaid expenses 
     2,179,142  
     1,383,405 
  
    Other receivables 
     479,514  
     302,424 
  
    Total current assets 
     40,869,944  
     37,053,027 

    Property and equipment, net 
     2,620,557  
     2,484,304 
  
    Operating lease right-of-use asset 
     15,147,699  
     15,781,177 
  
    Financing lease right-of-use asset 
     303,209  
     311,711 
  
    Intangible assets 
     3,853,124  
     3,858,027 
  
    Goodwill 
     6,430,654  
     6,852,076 
  
    Accounts receivable, long-term 
     1,963,586