Company: LGCY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022296
Chunk: 60

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 60
---
(32,743)
  
    Net cash provided by (used
    in) financing activities 
     (539,928) 
     8,167,031 

    Net increase cash and cash
    equivalents and restricted cash 
     269,730  
     11,116,469 
  
    Cash and cash equivalents
    and restricted cash, beginning of year 
     20,316,357  
     10,376,149 
  
    Cash and cash equivalents
    and restricted cash, end of period 
    $20,586,087  
    $21,492,618 

    Supplemental disclosure
    of cash flow information 

    Cash paid during the periods for interest 
    $43,959  
    $24,052 
  
    Cash paid during the periods for income taxes 
    $-  
    $1,960,693 

    Supplemental disclosure
    of noncash activities 

    Non-cash purchase of equipment 
    $-  
    $39,275 
  
    Prepaid expense reclassifies to offering cost 
    $-  
    $276,866 

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

F-5

Legacy
Education Inc.

Notes
to Condensed Consolidated Financial Statements

For
the three months ended September 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 Accrediting
Bureau of Health Education Schools (“ABHES”) and approved to operate in the state of California by the Bureau for Private
Postsecondary Education (“BPPE”). The consolidated financial statements include accounts of Legacy Education Inc. d/b/a High
Desert Medical College (“