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

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 25
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72% per annum and requires
48 equal monthly payments. As of September 30, 2025 and June 30, 2025, the principal balance of the promissory note was $8,381 and $9,265,
respectively.

In
December 2023, the Company entered into an equipment loan for $11,920. The note accrues interest at a rate of 13.53% per annum and requires
36 equal monthly payments. As of September 30, 2025 and June 30, 2025, the principal balance of the promissory note was $5,158 and $6,160,
respectively.

In
February 2024, the Company entered into an equipment loan for $35,612. The note accrues interest at a rate of 8% per annum and requires
36 equal monthly payments. The first payment was on April 1, 2024. As of September 30, 2025 and June 30, 2025, the principal balance
of the promissory note was $18,867 and $21,795, respectively.

In
June 2024, the Company entered into an equipment loan for $48,966. The note accrues interest at a rate of 11.16% per annum and requires
48 equal monthly payments. The first payment was on June 1, 2024. As of September 30, 2025 and June 30, 2025, the principal balance of
the promissory note was $34,982 and $37,752, respectively.

In
July 2024, the Company entered into an equipment loan for $39,189. The note accrues interest at a rate of 11.15% per annum and requires
48 equal monthly payments. The first payment was on July 1, 2024. As of September 30, 2025 and June 30, 2025, the principal balance of
the promissory note was $28,750 and $30,946, respectively.

In
June 2025, the Company entered into an equipment loan for $528,176. The note accrues interest at a rate of 9.392% per annum and requires
48 equal monthly payments. The first payment was on June 26, 2025. As of September 30, 2025 and June 30, 2025, the principal balance
of the prom