Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 678

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 3
Chunk 678
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 issued and outstanding as of June 30, 2025 and June 30, 2024, respectively 
     12,453  
     9,291 
  
    Additional paid in capital 
     27,273,365  
     16,186,251 
  
    Retained earnings 
     13,757,702  
     6,223,470 
  
    Total stockholders’ equity 
     41,043,520  
     22,419,012 
  
    Total liabilities and stockholders’ equity 
    $69,205,138  
    $35,173,050 

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

F-3

Legacy
Education Inc.

Consolidated
Income Statements

    2025  
    2024 

    For the fiscal years ended June 30, 

    2025  
    2024 
  
    Revenue 

    Tuition and related income, net 
    $64,168,025  
    $46,000,316 

    Operating expenses 

    Educational services 
     34,246,953  
     26,351,326 
  
    General and administrative 
     19,267,153  
     12,999,164 
  
    General and administrative – related party 
     225,875  
     168,000 
  
    Depreciation and amortization 
     441,718  
     265,036 
  
    Total costs and expenses 
     54,181,699  
     39,783,526 

    Operating income 
     9,986,326  
     6,216,790 

    Other income and expense 

    Interest expenses 
     (112,731) 
     (118,162)
  
    Interest income 
     1,149,234  
     886,834 
  
    Total other income 
     1,036,503  
     768,672 

    Income before income tax expenses 
     11,022,829  
     6,985,462 
  
    Income tax expenses 
     (3,488,597) 
     (1,870,610)
  
    Net income 
    $7,534,232  
    $5,114,