Company: LGCY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022296
Chunk: 72

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 72
---
 income per common
share for the three months ended September 30, 2025 and 2024:

Schedule of Reconciliation of Basic and Diluted 

    2025  
    2024 
  
    Numerator 

    Net income 
    $2,186,960  
    $2,090,753 

    Denominator 

    Weighted-average shares outstanding, basic 
     12,458,551  
     9,320,063 
  
    Common stock warrants 
     77,293  
     - 
  
    Dilutive impact of share-based instruments 
     1,350,357  
     497,495 
  
    Weighted-average shares outstanding, diluted 
     13,886,201  
     9,817,558 

    Net income per share 

    Basic 
    $0.18  
    $0.22 
  
    Diluted 
    $0.16  
    $0.21 

    F-12

Legacy
Education Inc.

Notes
to Condensed Consolidated Financial Statements

For
the three months ended September 30, 2025 and 2024

Recent
Accounting Pronouncements

In
November 2023, the FASB issued ASU 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures (“ASU
2023-07”), which requires incremental disclosures related to a public entity’s reportable segments. Required disclosures
include, on an annual and interim basis, significant segment expenses that are regularly provided to the chief operating decision maker
(“CODM”) and included within each reported measure of segment profit or loss, an amount for other segment items (which is
the difference between segment revenue less segment expenses and less segment profit or loss) and a description of its composition, the
title and position of the CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing
segment performance and deciding how to allocate resources. The standard also permits disclosure of more than one measure of segment
profit. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning
after December 15, 2024. There are aspects of ASU 2023-07 that apply to entities with one reportable segment. The Company adopted this
guidance