Company: LGCY
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010844
Chunk: 0

Company: Legacy Education Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Legacy
Education Inc.

(dba
High Desert Medical College)

(dba
Central Coast College)

(dba
Integrity College of Health)

(dba Contra Costa Medical Career College)

Condensed
Consolidated Financial Statements for the three and nine months

ended
March 31, 2025 and 2024

Table
of Contents

    Page

    Financial
    Statements:
    F-1

    Condensed
    Consolidated Balance Sheets
    F-2

    Condensed
    Consolidated Income Statements
    F-3

    Condensed
    Consolidated Statements of Stockholders’ Equity
    F-4

    Condensed
    Consolidated Statements of Cash Flows
    F-5

    Notes
    to Condensed Consolidated Financial Statements
    F-6
    to F-21

F-1

Legacy
Education Inc.

Condensed Consolidated
Balance Sheets

    March
    31, 2025 (Unaudited)  
    June
    30, 2024 * 

    ASSETS 

    Current
    assets 

    Cash
    and cash equivalents 
    $17,326,998  
    $10,376,149 
  
    Accounts
    receivable, net of $3,048,824 and $688,848 allowance for doubtful accounts as of March 31, 2025 and June 30, 2024, respectively 
     15,832,308  
     13,038,241 
  
    Prepaid
    expenses 
     1,318,121  
     1,032,325 
  
    Other
    receivables 
     797,234  
     140,894 
  
    Total
    current assets 
     35,274,661  
     24,587,609 

    Property
    and equipment, net 
     1,968,973  
     989,952 
  
    Operating
    lease right-of-use asset 
     16,409,741  
     3,575,369 
  
    Financing
    lease right-of-use asset 
     320,212  
     340,048 
  
    Intangible
    assets 
     3,651,188  
     1,054,947 
  
    Goodwill 
     6,595,270