Company: LGCY
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010844
Chunk: 5

Company: Legacy Education Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
265,326  
    $19,578,792 
  
    Balance 
     -  
    $-  
     9,291,149  
    $9,291  
    $14,304,175  
    $5,265,326  
    $19,578,792 

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-4

Legacy
Education Inc.

Condensed Consolidated
Statements of Cash Flows

for
the nine months ended March 31, 2025 and 2024

(Unaudited)

    2025  
    2024 

    For
    the Nine Months Ended March 31, 

    2025  
    2024 
  
    Cash
    flows provided by (used in) operating activities: 

    Net
    income 
    $6,307,264  
    $4,153,508 
  
    Adjustments
    to reconcile net loss to net cash (used in) provided by operating activities: 

    Non
    cash compensation 
     283,553  
     - 
  
    Depreciation
    & amortization 
     317,047  
     189,672 
  
    Deferred
    income tax 
     -  
     - 
  
    Provision
    for allowance for doubtful accounts for accounts receivable and contracts receivable 
     3,445,762  
     1,428,898 
  
    Changes
    in assets and liabilities: 

    Accounts
    receivable 
     (5,659,199) 
     (3,876,432)
  
    Prepaid
    expenses 
     (280,625) 
     (185,983)
  
    Other
    receivable 
     (656,340) 
     560 
  
    Other
    assets 
     (38,119) 
     69,975 
  
    Accounts
    payable and accrued liabilities 
     (15,435) 
     (185,350)
  
    Income
    tax payable 
     (1,371,247) 
     350,183 
  
    Other
    current liabilities 
     -  
     64,400 
  
    Deferred
    rent 
     -