Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 414

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 414
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 enrolled in its programs.

Integrity
College of Health

Integrity
was established in the State of California in 2007. Integrity’s campus is located in Pasadena, California. Integrity offers VN,
VN Associate of Applied Science, RN to BSN, medical assisting, medical billing and coding, veterinary assistant, and Diagnostic Medical
Sonography programs. Integrity also plans to offer an EMT program beginning in early 2026 and is in the process of obtaining approvals
for the program (for which Integrity is not planning for ED approval to make Title IV funds available for students who enroll in the
program). For purposes of our financial statements, Legacy Education, L.L.C. is deemed to have acquired Integrity in December 2019. As
of June 30, 2025, Integrity had 202 students enrolled in its programs.

Contra
Costa Medical Career College

CCMCC
offers the following certificate and degree programs: surgical technology (Associate of Applied Science), sterile processing technician,
pharmacy technician, diagnostic medical sonography, medical assisting with phlebotomy, dental assisting, vocational nursing, clinical
medical assisting, EKG/ECG technician, medical administrative assistant/billing and coding specialist and medical assisting and phlebotomy
avocational. As of June 30, 2025, CCMCC had 448 students enrolled in its programs.

81

Key
operating data

In
evaluating our operating performance, our management focuses in large part on our revenue and income before income taxes and period-end
enrollment at our academic institutions.

Trends
and uncertainties regarding revenue and operations

Liquidity

We
currently believe our liquidity position is stable and we expect to be able to fund our business for at least the next 12 months. We
believe that we have sufficient capital to withstand a potential downturn in our business. Regulatory agencies have also provided regulatory
capital relief to institutions as a result of the crisis as discussed below.

Regulatory
Impact from COVID-19 Pandemic

On
March 27, 2020, Congress enacted the CARES Act, which included a $2 trillion federal economic relief package providing financial assistance
and other relief to individuals and business impacted by the spread of COVID-19. The spread of COVID-19 has had an unprecedented impact
on higher educational institutions across the country, including our schools, and has led to the closure of campuses and the transition
of academic programs from on-ground to online delivery. The CARES Act includes