Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 205

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 7A
Chunk 205
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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 

    Non-cash purchase of financed lease assets 
    $-  
    $340,048 
  
    Non-cash purchase of equipment 
    $567,451  
    $145,694 
  
    Prepaid expense reclassifies to offering cost 
    $276,866  
    $- 
  
    Common stock issued as part of APA 
    $1,000,000  
    $- 
  
    Promissory note under APA 
    $400,000  
    $- 
  
    Net identifiable assets acquired under APA 
    $(205,670) 
    $- 

The
accompanying