Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 220

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 7A
Chunk 220
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 has been prepared by combining the Company’s historical results and the historical
results of CCMCC and adjusting those results to reflect the effects of the acquisition as if it occurred on July 1, 2023. These results
do not purport to be indicative of the results of operations had the acquisition occurred on the date indicated above, or that may result
in the future, and do not reflect potential synergies or additional costs following the acquisition.

Note
4 - Intangible Assets

The
Company’s intangible assets consisted of the following as of June 30, 2025 and June 30, 2024:

 Schedule
of Intangible Assets

    June 30, 2025  
    June 30, 2024 
  
    Goodwill 
    $6,852,076  
    $1,929,326 
  
    Trade name 
     1,736,100  
     796,100 
  
    Accreditation 
     1,818,200  
     88,200 
  
    Course curriculum 
     344,000  
     198,000 
  
    Total cost of intangibles 
    $10,750,376  
    $3,011,626 
  
    Less accumulated amortization 
     (40,273) 
     (27,353)
  
    Intangibles net 
    $10,710,103  
    $2,984,273 

As
of June 30, 2025 and June 30, 2024, no
impairment of the Company’s goodwill, nor other intangibles
with an indefinite life was required related to its previous acquisitions of CCC, Integrity and CCMCC. The Company recognized $12,920
and $5,011, respectively, in amortization expense for years ended June 30, 2025 and 2024. Although
the ACCET accreditation has an indefinite life, the accreditation requires renewal every five years. CCC’s ACCET accreditation
was most recently renewed in April 2025 and its next renewal is in April 2030. CCMCC’s
accreditation was most recently renewed in April 2022 and its next renewal is in April 2026. Although
ABHES accreditation has an indefinite life, the accreditation requires renewal every five years. Integrity’s next ABHES accreditation
renewal is in February 2026. 100%