Company: LGCY
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010844
Chunk: 6

Company: Legacy Education Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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(77,628)
  
    Deferred
    unearned tuition 
     2,430,343  
     739,410 
  
    Net
    cash provided by operating activities 
     4,763,003  
     2,671,213 

    Cash
    flows used in investing activities: 

    Cash
    paid under APA 
     (6,133,087) 
     - 
  
    Purchases
    of property and equipment 
     (750,163) 
     (408,388)
  
    Net
    cash used in investing activities 
     (6,883,250) 
     (408,388)

    Cash
    flows provided by financing activities: 

    Return
    uncleared dividend payment 
        
     3,200 
  
    Proceeds
    from IPO, net of offering cost 
     9,162,845  
     - 
  
    Proceeds from exercise
    of options 
     104,927  
     - 
  
    Principal
    payment on finance lease 
     (63,145) 
     (54,469)
  
    Principal
    payments on debt 
     (133,531) 
     (189,679)
  
    Net
    cash provided by (used in) financing activities 
     9,071,096  
     (240,948)

    Net
    increase cash and cash equivalents and restricted cash 
     6,950,849  
     2,021,877 
  
    Cash
    and cash equivalents and restricted cash, beginning of year 
     10,376,149  
     9,389,606 
  
    Cash
    and cash equivalents and restricted cash, end of period 
    $17,326,998  
    $11,411,483 

    Supplemental
    disclosure of cash flow information 

    Cash
    paid during the periods for interest 
    $79,142  
    $81,601 
  
    Cash
    paid during the periods for income taxes 
    $1,211,413  
    $1,500,889 

    Supplemental
    disclosure of noncash activities 

    Non-cash
    purchase of financed lease assets 
    $-  
    $340,048 
  
    Non-cash
    purchase