Company: LGCY
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006418
Chunk: 4

Company: Legacy Education Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
     9,291,149  
     9,291  
     14,304,175  
     2,178,214  
     16,491,680 

    Net income 
     -  
     -  
     -  
     -  
     -  
     1,289,961  
     1,289,961 
  
    Balance, December 31, 2023 
     -  
    $-  
     9,291,149  
    $9,291  
    $14,304,175  
    $3,468,175  
    $17,781,641 
  
    Balance 
     -  
    $-  
     9,291,149  
    $9,291  
    $14,304,175  
    $3,468,175  
    $17,781,641 

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

F-4

Legacy
Education Inc.

Consolidated
Statements of Cash Flows

for
the six months ended December 31, 2024 and 2023

(Unaudited)

    2024  
    2023 

    For
    the Six Months Ended December 31, 

    2024  
    2023 
  
    Cash flows provided by (used
    in) operating activities: 

    Net income 
    $3,489,799  
    $2,359,557 
  
    Adjustments to reconcile
    net loss to net cash (used in) provided by operating activities: 

    Non cash compensation 
     176,188  
     - 
  
    Depreciation & amortization 
     186,980  
     121,662 
  
    Deferred income tax 
     -  
     - 
  
    Provision for allowance for doubtful accounts
    for accounts receivable and contracts receivable 
     1,621,575  
     949,853 
  
    Changes in assets and liabilities: 

    Accounts receivable 
     (1,788,302) 
     (2,485,313)
  
    Prepaid expenses 
     (246,050) 
     (166,847)