Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 662

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 3
Chunk 662
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 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 provisions for financial assistance and other regulatory
relief benefitting students and their postsecondary institutions.

Among
other things, the CARES Act included a $14 billion Higher Education Emergency Relief Fund (“HEERF”) for ED to distribute
directly to institutions of higher education. Institutions were required to use at least half of the HEERF funds for emergency grants
to students for expenses related to disruptions in campus operations (e.g., food, housing, etc.). Institutions were permitted to use
the remainder of the funds for additional emergency grants to students or to cover institutional costs associated with significant changes
to the delivery of instruction due to the COVID-19 emergency, provided that those costs do not include payment to contractors for the
provision of pre-enrollment recruitment activities, endowments, or capital outlays associated