Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 878

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 6
Chunk 878
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 remain a smaller reporting company until the last day of the fiscal year in which (1) the market
value of the common stock held by non-affiliates equals or exceeds $250 million as of the as of the last business day of its most recently
completed second fiscal quarter, or (2) the annual revenues equaled or exceeded $100 million during its most recently completed fiscal
year and the market value of the common stock held by non-affiliates equals or exceeds $700 million as of the last business day of its
most recently completed second fiscal quarter.

Earnings
Per Share

FASB
ASC 260, Earnings Per Share, requires dual presentation of basic and diluted earnings per share (“EPS”) with a reconciliation
of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic
EPS excludes dilution. Diluted EPS is calculated using the treasury stock method, and reflects the potential dilution that could occur
if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common
stock that then shared in the earnings of the entity.

    F-12

 Legacy
Education Inc.

Notes to Consolidated Financial Statements

For Fiscal Years ended June 30, 2025 and 2024

The
following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common
share for years ended June 30, 2025 and 2024:

Schedule of Reconciliation of Basic and Diluted 

    2025  
    2024 
  
    Numerator 

    Net income 
    $7,534,232  
    $5,114,852 

    Denominator 

    Weighted-average shares outstanding, basic 
     11,581,383  
     9,291,149 
  
    Common stock warrants 
     55,583  
     - 
  
    Dilutive impact of share-based instruments 
     1,048,070  
     400,000 
  
    Weighted-average shares outstanding, diluted 
     12,685,036  
     9,691,149 

    Net income per share 

    Basic 
    $0.65  
    $0.55 
  
    Diluted 
    $0.59  
    $0.53 

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