Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 867

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 6
Chunk 867
---
) 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 notes are an integral part of these consolidated financial statements.

F-6

Legacy
Education Inc.

Notes
to Consolidated Financial Statements

For
Fiscal Years ended June 30, 2025 and 2024

Note
1 - Nature of Business

For
purposes of these financial statements, “Legacy,” the “Company,” “we,” “our,”
“us,” or similar references refers to Legacy Education Inc. and its consolidated subsidiaries, unless the context
requires otherwise. Legacy Education, LLC was formed on October 19, 2009 in the state of California as a limited liability company.
The Company operates as a career institution that focuses on real-life training by utilizing educational practices in different job
markets. The Company offers programs in career paths such as healthcare, veterinary, medical information technology, business
management, and green technology. The Company’s institutions are accredited by the Accrediting Council for Continuing
Education and Training (“ACCET”) or the