Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 923

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 7
Chunk 923
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416,605 
  
    Total assets 
    $69,205,138  
    $35,173,050 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable and accrued liabilities 
    $4,929,530  
    $3,862,895 
  
    Accrued income tax payable 
     596,250  
     1,443,335 
  
    Deferred, unearned tuition 
     4,956,396  
     2,585,747 
  
    Other current liabilities 
     3,197  
     24,201 
  
    Current portion of debt 
     875,350  
     574,244 
  
    Debt owed, related party 
     50,000  
     50,000 
  
    Current portion of financing lease 
     63,989  
     57,260 
  
    Current portion of operating lease liability 
     2,306,061  
     1,868,560 
  
    Total current liabilities 
     13,780,773  
     10,466,242 

    Debt, net of current portion 
     481,264  
     123,862 
  
    Financing lease, net of current portion 
     151,420  
     215,409 
  
    Other liabilities 
     -  
     905 
  
    Operating lease liability, net of current portion 
     13,748,161  
     1,947,620 
  
    Total liabilities 
     28,161,618  
     12,754,038 

    Commitments and contingencies 
     -  
     - 

    Stockholders’ equity 

    Preferred stock: $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding 
     -  
     - 
  
    Common stock: $0.001 par value, 100,000,000 shares authorized, 12,452,670 and 9,291,149 shares issued and outstanding as of June 30, 2025 and June 30, 2024, respectively 
     12,453  
     9,291 
  
    Additional paid in capital 
     27,273,365  
     16,186,