Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 496

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1B
Chunk 496
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) 
     560 
  
    Related party receivable 
     -  
     69,975 
  
    Other assets 
     (54,293) 
     (183,917)
  
    Accounts payable and accrued liabilities 
     1,056,269  
     1,283,922 
  
    Income tax payable 
     (847,085) 
     1,296,280 
  
    Deferred unearned tuition 
     (465,486) 
     (887,979)
  
    Net cash provided by operating activities 
     7,768,239  
     1,648,802 

    Cash flows used in investing activities: 

    Cash paid under APA 
     (6,133,087) 
     - 
  
    Purchases of property and equipment 
     (844,320) 
     (423,710)
  
    Net cash used in investing activities 
     (6,977,407) 
     (423,710)

    Cash flows provided by (used in) financing activities: 

    Proceeds from IPO, net of offering cost 
     9,162,845  
     - 
  
    Proceeds from exercise of options 
     374,631  
     - 
  
    Principal payment on finance lease 
     (57,260) 
     (67,379)
  
    Principal payments on debt 
     (330,840) 
     (171,170)
  
    Net cash provided by (used in) financing activities 
     9,149,376  
     (238,549)

    Net increase cash and cash equivalents and restricted cash 
     9,940,208  
     986,543 
  
    Cash and cash equivalents and restricted cash, beginning of year 
     10,376,149  
     9,389,606 
  
    Cash and cash equivalents and restricted cash, end of year 
    $20,316,357  
    $10,376,149 

    Supplemental disclosure of cash flow information 

    Cash paid during the periods for interest 
    $136,267  
    $118,162 
  
    Cash paid during the periods for income taxes 
    $3,833,228  
    $1,304,329 

    Supplemental disclosure of noncash activities