Company: LGCY
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010844
Chunk: 1

Company: Legacy Education Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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1,929,326 
  
    Accounts
    receivable, long-term 
     1,478,082  
     1,381,194 
  
    Deferred
    income tax assets 
     898,000  
     898,000 
  
    Security
    deposits 
     503,133  
     416,605 
  
    Total
    assets 
    $67,099,260  
    $35,173,050 

    LIABILITIES
    AND STOCKHOLDERS’ EQUITY 

    Current
    liabilities 

    Accounts
    payable and accrued liabilities 
    $3,869,167  
    $3,862,895 
  
    Accrued
    income tax payable 
     72,088  
     1,443,335 
  
    Deferred,
    unearned tuition 
     5,923,086  
     2,585,747 
  
    Other
    current liabilities 
     54,810  
     24,201 
  
    Current
    portion of debt 
     867,266  
     574,244 
  
    Debt
    owed, related party 
     50,000  
     50,000 
  
    Current
    portion of financing lease 
     62,241  
     57,260 
  
    Current
    portion of operating lease liability 
     2,424,490  
     1,868,560 
  
    Total
    current liabilities 
     13,323,148  
     10,466,242 

    Debt,
    net of current portion 
     106,854  
     123,862 
  
    Financing
    lease, net of current portion 
     147,283  
     215,409 
  
    Other
    liabilities 
     16  
     905 
  
    Operating
    lease liability, net of current portion 
     14,244,357  
     1,947,620 
  
    Total
    liabilities 
     27,821,658  
     12,754,038 

    Commitments
    and contingencies 
     -   
     -  

    Stockholders’
    equity 

    Preferred
    stock: $0.001 par value, 10,000,000 shares