Company: LGCY
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006418
Chunk: 31

Company: Legacy Education Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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ated Financial Statements

For
The Three and Six Months ended December 31, 2024 and 2023

(Unaudited)

A
summary of the activity related to vested and unvested stock option units granted is as follows:

 Summary
of Vested and Unvested Stock Options Units Granted

    Options
    Outstanding  
    Weighted Average Exercise
                                            Price  
    Weighted Average
                                            Grant Date Fair Value  
    Average Remaining Contractual Life
                                            (Years) 
  
    Balance – June 30, 2023, unvested 
     -  
    $-  
    $-  
     - 
  
    Options issued 
     1,425,171  
     3.74  
     1.84  
     10.00 
  
    Options vested 
     (987,534) 
     3.74  
     1.84  
     10.00 
  
    Options expired 
     -  
     -  
     -  
     - 
  
    Options exercised 
     -  
     -  
     -  
     - 
  
    Balance – June 30, 2024, unvested 
     437,637  
    $3.74  
     1.84  
     9.75 
  
    Options issued 
     250,000  
     4.00  
     1.94  
     10.00 
  
    Options vested 
     (130,242) 
     3.78  
     1.86  

    Options expired 
     -  
     -  
     -  
     - 
  
    Balance – December 31, 2024, unvested 
     557,395  
    $3.85  
    $1.88  
     9.48 

The
Company valued options issued in April 2024 using the Black Scholes model utilizing volatility 45%, and a risk-free rate of 4.18%. The
fair value of the options was $1.84 per option.

The
Company valued options issued in September 2024 using the Black Scholes model utilizing volatility 45%, and a risk-free rate of 3.75%.
The fair value of the options