Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 429

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 429
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032,325 
  
    Other receivables 
     302,424  
     140,894 
  
    Total current assets 
     37,053,027  
     24,587,609 

    Property and equipment, net 
     2,484,304  
     989,952 
  
    Operating lease right-of-use asset 
     15,781,177  
     3,575,369 
  
    Financing lease right-of-use asset 
     311,711  
     340,048 
  
    Intangible assets 
     3,858,027  
     1,054,947 
  
    Goodwill 
     6,852,076  
     1,929,326 
  
    Accounts receivable, long-term 
     1,966,137  
     1,381,194 
  
    Deferred income tax assets 
     395,546  
     898,000 
  
    Security deposits 
     503,133  
     416,605 
  
    Total assets 
    $69,205,138  
    $35,173,050 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable and accrued liabilities 
    $4,929,530  
    $3,862,895 
  
    Accrued income tax payable 
     596,250  
     1,443,335 
  
    Deferred, unearned tuition 
     4,956,396  
     2,585,747 
  
    Other current liabilities 
     3,197  
     24,201 
  
    Current portion of debt 
     875,350  
     574,244 
  
    Debt owed, related party 
     50,000  
     50,000 
  
    Current portion of financing lease 
     63,989  
     57,260 
  
    Current portion of operating lease liability 
     2,306,061  
     1,868,560 
  
    Total current liabilities 
     13,780,773  
     10,466,242 

    Debt, net of current portion 
     481,264  
     123,862 
  
    Financing lease, net of current portion 
     151,420