Company: LGCY
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010844
Chunk: 21

Company: Legacy Education Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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                                            the Three Months Ended December
                                            31,  
    For
                                            the Six Months Ended December
                                            31, 

    2024  
    2023  
    2024  
    2023 

    Revenue 
    $15,609,737  
    $12,247,693  
    $31,652,641  
    $24,608,178 
  
    Net
    income 
    $1,947,501  
    $1,081,549  
    $4,290,232  
    $2,516,001 

The
pro forma financial information presented above has been prepared by combining the Company’s historical results and the historical
results of CCMCC and adjusting those results to reflect the effects of the acquisition as if it occurred on July 1, 2023. These results
do not purport to be indicative of the results of operations had the acquisition occurred on the date indicated above, or that may result
in the future, and do not reflect potential synergies or additional costs following the acquisition.

    F-13

Legacy
Education Inc.

Notes
to Condensed Consolidated Financial Statements

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

(Unaudited)

Note
4 - Intangible Assets

The
intangibles consisted of the following as of March 31, 2025 and June 30, 2024:

 Schedule
of Intangible Assets

    March
    31, 2025  
    June
    30, 2024 
  
    Goodwill 
    $6,595,270  
    $1,929,326 
  
    Trade
    name 
     2,696,100  
     796,100 
  
    Accreditation 
     288,200  
     88,200 
  
    Course
    curriculum 
     698,000  
     198,000 
  
    Total
    cost of intangibles 
    $10,277,570  
    $3,011,626 
  
    Less
    accumulated amortization 
     (31,112) 
     (27,353)
  
    Intangibles
    net 
    $10,246,458  
    $2,984,273 

As
of March 31,