Company: LGCY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022296
Chunk: 56

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 56
---
 2025 and June 30, 2025, respectively 
     12,497  
     12,453 
  
    Additional paid in capital 
     27,708,462  
     27,273,365 
  
    Retained earnings 
     15,944,662  
     13,757,702 
  
    Total stockholders’ equity 
     43,665,621  
     41,043,520 
  
    Total liabilities and stockholders’
    equity 
    $72,090,408  
    $69,205,138 

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

F-2

Legacy
Education Inc.

Consolidated
Income Statements

    For
    the three months ended September 30, 

    2025  
    2024 
  
    Revenue 

    Tuition and
    related income, net 
    $19,401,023  
    $14,005,091 

    Operating expenses 

    Educational services 
     10,321,597  
     7,204,574 
  
    General and administrative 
     6,107,599  
     3,966,047 
  
    General and administrative
    – related party 
     149,350  
     81,053 
  
    Depreciation and amortization 
     123,827  
     81,141 
  
    Total costs and expenses 
     16,702,373  
     11,332,815 

    Operating income 
     2,698,650  
     2,672,276 

    Other income and expense 

    Interest expenses 
     (43,960) 
     (29,350)
  
    Interest income 
     318,844  
     260,896 
  
    Total other income 
     274,884  
     231,546 

    Income before income tax
    expenses 
     2,973,534  
     2,903,822 
  
    Income tax expenses 
     (786,574) 
     (813,069)
  
    Net income 
    $2,186,960  
    $2,090,753 

    Net income per share 

    Basic net income per