Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 820

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 5
Chunk 820
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 adjustment as the Company has not yet completed the final allocation
of the purchase price. The Company has one year from the date of acquisition to complete its valuation of assets and liabilities assumed.

Following
are the supplemental consolidated financial results of the Company and CCMCC on an unaudited pro forma basis, as if the acquisitions
had been consummated as of the beginning of the fiscal year 2024 (i.e., July 1, 2023).

 Schedule of Revenue and Net Income from Subsidiary 

    2025  
    2024 

    For the Years Ended June
                                            30, 

    2025  
    2024 

    Revenue 
    $68,180,441  
    $53,121,798 
  
    Net income 
    $8,838,779  
    $5,294,148 

The
pro forma financial information presented above has been prepared by combining the Company’s historical results and the historical
results of CCMCC and adjusting those results to reflect the effects of the acquisition as if it occurred on July 1, 2023. These results
do not purport to be indicative of the results of operations had the acquisition occurred on the date indicated above, or that may result
in the future, and do not reflect potential synergies or additional costs following the acquisition.

Note
4 - Intangible Assets

The
Company’s intangible assets consisted of the following as of June 30, 2025 and June 30, 2024:

 Schedule
of Intangible Assets

    June 30, 2025  
    June 30, 2024 
  
    Goodwill 
    $6,852,076  
    $1,929,326 
  
    Trade name 
     1,736,100  
     796,100 
  
    Accreditation 
     1,818,200  
     88,200 
  
    Course curriculum 
     344,000  
     198,000 
  
    Total cost of intangibles 
    $10,750,376  
    $3,011,626 
  
    Less accumulated amortization 
     (40,273) 
     (27,353)
  
    Intangibles net 
    $10,710,103  
    $2,984,273 

As
of June 30,