Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 675

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 3
Chunk 675
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 2025 and 2024

Table
of Contents

    Page

    Report of Independent Registered Public Accounting Firm
     
    F-2

    Financial
    Statements:

    Consolidated Balance Sheets
     
    F-3

    Consolidated Income Statements
     
    F-4

    Consolidated Statements of Stockholders’ Equity
     
    F-5

    Consolidated Statements of Cash Flows
     
    F-6

    Notes to Consolidated Financial Statements
     
    F-7
     to F-23

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Members of the Board of Directors of

Legacy Education Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated
balance sheets of Legacy Education Inc. (the “Company”) as of June 30, 2025 and 2024, and the related consolidated income
statements, consolidated statements of changes in stockholders’ equity, and consolidated cash flows for each of the years in the
two-year period ended June 30, 2025, and the related notes (collectively referred to as the financial statements). In our opinion, the
financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2025 and 2024, and
the results of its operations and its cash flows for each of the years in the two years ended June 30, 2025, in conformity with accounting
principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and
regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits