Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 967

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 8
Chunk 967
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LEGACY
EDUCATION INC.

INDEX
TO FINANCIAL STATEMENTS

LEGACY
EDUCATION INC.

CONSOLIDATED
FINANCIAL STATEMENTS

for
the fiscal years ended June 30, 2025 and 2024

90

Legacy
Education Inc.

(dba
High Desert Medical College)

(dba
Central Coast College)

(dba
Integrity College of Health)

(dba Contra Costa Medical Career College)

Consolidated
Financial Statements for the fiscal years ended June 30, 2025 and 2024

Table
of Contents

    Page

    Report of Independent Registered Public Accounting Firm
     
    F-2

    Financial
    Statements:

    Consolidated Balance Sheets
     
    F-3

    Consolidated Income Statements
     
    F-4

    Consolidated Statements of Stockholders’ Equity
     
    F-5

    Consolidated Statements of Cash Flows
     
    F-6

    Notes to Consolidated Financial Statements
     
    F-7
     to F-23

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Members of the Board of Directors of

Legacy Education Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated
balance sheets of Legacy Education Inc. (the “Company”) as of June 30, 2025 and 2024, and the related consolidated income
statements, consolidated statements of changes in stockholders’ equity, and consolidated cash flows for each of the years in the
two-year period ended June 30, 2025, and the related notes (collectively referred to as the financial statements). In our opinion, the
financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2025 and 2024, and
the results of its operations and its cash flows for each of the years in the two years ended June 30, 2025, in conformity with accounting
principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Company in accordance