Company: LGCY
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010844
Chunk: 85

Company: Legacy Education Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 $-  
    $-  
     - 
  
    Options
    issued 
     1,425,171  
     3.74  
     1.84  
     10.00 
  
    Options
    vested 
     (987,534) 
     3.74  
     1.84  
     10.00 
  
    Options
    expired 
     -  
     -  
     -  
     - 
  
    Options
    exercised 
     -  
     -  
     -  
     - 
  
    Balance – June
    30, 2024, unvested 
     437,637  
    $3.74  
     1.84  
     9.75 
  
    Options
    issued 
     250,000  
     4.00  
     1.94  
     10.00 
  
    Options
    vested 
     (187,540) 
     3.80  
     1.86  

    Options
    expired 
     -  
     -  
     -  
     - 
  
    Balance – March
    31, 2025, unvested 
     500,097  
    $3.85  
    $1.88  
     9.21 

    F-20

Legacy
Education Inc.

Notes
to Condensed Consolidated Financial Statements

For
The Three and Nine Months ended March 31, 2025 and 2024

(Unaudited)

The
Company valued options issued in April 2024 using the Black Scholes model utilizing volatility 45%, and a risk-free rate of 4.18%. The
fair value of the options was $1.84 per option.

The
Company valued options issued in September 2024 using the Black Scholes model utilizing volatility 45%, and a risk-free rate of 3.75%.
The fair value of the options was $1.94 per option.

The
Company recorded share-based compensation expense of $107,365 and $283,553 during the three and nine months ended March 31, 2025, which
is included in educational services. Unamortized compensation expense associated with unvested options is $937,