Company: LGCY
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006418
Chunk: 130

Company: Legacy Education Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part II, Item 8
Chunk 130
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 of 6.0% per annum and requires
48 equal monthly payments. As of December 31, 2024 and June 30, 2024, the principal balance of the promissory note was $17,044 and $20,929,
respectively.

In
August 2023, the Company entered into an equipment loan for $35,580. The note accrues interest at a rate of 10.14% per annum and requires
48 equal monthly payments. As of December 31, 2024 and June 30, 2024, the principal balance of the promissory note was $23,804 and $27,723,
respectively.

In
November 2023, the Company entered into an equipment loan for $14,610. The note accrues interest at a rate of 10.72% per annum and requires
48 equal monthly payments. As of December 31 2024 and June 30, 2024, the principal balance of the promissory note was $10,973 and $12,582,
respectively.

In
December 2023, the Company entered into an equipment loan for $11,920. The note accrues interest at a rate of 13.53% per annum and requires
36 equal monthly payments. As of December 31, 2024 and June 30, 2024, the principal balance of the promissory note was $8,070 and $9,853,
respectively.

In
February 2024, the Company entered into an equipment loan for $35,612. The note accrues interest at a rate of 8% per annum and requires
36 equal monthly payments. The first payment will be on April 1, 2024. As of December 31, 2024 and June 30, 2024, the principal balance
of the promissory note was $27,493 and $32,950, respectively.

    F-15

Legacy
Education Inc.

Notes
to Consolidated Financial Statements

For
The Three and Six Months ended December 31, 2024 and 2023

(Unaudited)

In
June 2024, the Company entered into an equipment loan for $48,966. The note accrues interest at a rate of 11.16% per annum and requires
48 equal monthly payments. The first payment will be on June 1, 2024. As of December