Investor Relations Overview News / Events Company Information Financial Information Financials Financial Results Annual Reports Stock Data SEC Filings Corporate Governance Email Alerts IR Contacts RSS News Feed Financials Balance Sheet Income Statement Cash Flow Related Documents Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands Sep. 30, 2021 Dec. 31, 2020 Current assets: Cash and cash equivalents $ 690 $ 1,500 Restricted cash 624 1,180 Deferred course expenses 280 1,167 Prepaid expenses and other current assets 511 1,578 Inventory 1 10 Discontinued operations current assets 820 Total current assets 2,106 6,255 Property and equipment, net 4 Right-of-use assets 26 45 Other assets 6 6 Discontinued operations-other assets 33 34 Total assets 2,171 6,344 Current liabilities: Accounts payable 1,451 1,762 Royalties payable 110 113 Accrued course expenses 266 277 Accrued salaries, wages and benefits 80 73 Operating lease liability, current portion 26 25 Other accrued expenses 3,164 3,888 Deferred revenue 4,302 10,382 Short-term related party debt, net of unamortized debt discount of $26 20 Current portion of long term-debt, net of unamortized debt discount of $0 1,018 Discontinued operations-current liabilities 9,809 11,286 Total current liabilities 20,246 27,806 Long-term debt, net of current portion and net of unamortized debt discount of $492 1,908 1,900 Deferred tax liability, net 1,513 134 Other long term liabilities 120 Operating lease liability, net of current portion 20 Total liabilities 23,667 29,980 Commitments and contingencies (Note 13) Preferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued Common stock, $0.0001 par value; 200,000,000 authorized; 33,262,697 and 23,279,197 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 3 2 Additional paid-in capital 12,896 11,564 Cumulative foreign currency translation adjustment 803 416 Accumulated deficit (35,198) (35,618) Total stockholders’ deficit (21,496) (23,636) Total liabilities and stockholders’ deficit $ 2,171 $ 6,344 SOURCE PDF HTML 10-Q Filing ZIP XLS HTML XBRL PUBLISHED: NOVEMBER 15, 2021 Company United States Legacy Education Alliance, Inc. 1490 N.E. Pine Island Rd., Ste 5-D Cape Coral, FL 33909 Tel: 239-542-0643 Canada Legacy Education Alliance, Inc. Suite 302 - 2233 Argentia Rd Mississauga, ON L5N 2X7 Tel: 800-288-8015 Hong Kong Legacy Education Alliance Hong Kong Limited 26/F, Chubb Tower, Windsor House 311 Gloucester Road, Causeway Bay South Africa Legacy Education Alliance 17 Muswell Rd Wedgfield Office Park Bryanston Tel: 0113173777 Australia Legacy Education Alliance Australia PTY Ltd L15 1 O'Connell Street Sydney, NSW 2000 Tel: 02 4009 1726 Training Schedules USA Basic Training Schedules Real Estate Stock Canada Basic Training Schedules Real Estate Stock Elite Training Schedule All Elite Trainings Brands Homemade Investor Brick Buy Brick Building Wealth EPiC Women in Wealth Navigation About Us Management Team Board of Directors Investors Contact Careers © LEA Brands, Inc. All Rights Reserved. The Legacy Education Alliance®, Inc., Assets Cubed, Brick Buy Brick, Building Wealth, Elite Affiliate Marketing, Elite Business Star, Elite Legacy Education, Focus On Flipping, Independent Woman, Legacy Business, Legacy Cashflow, Legacy Education, Legacy Events, Legacy Mindstream, Legacy Property Coach, Teach Me To Trade, and Women In Wealth word mark and logos are owned by LEA Brands, Inc. and are used with permission. Legacy Education Alliance®, Inc., Assets Cubed, Brick Buy Brick, Building Wealth, Elite Affiliate Marketing, Elite Business Star, Elite Legacy Education, Focus On Flipping, Independent Woman, Legacy Business, Legacy Cashflow, Legacy Education, Legacy Events, Legacy Mindstream, Legacy Property Coach, Teach Me To Trade, and Women In Wealth are trade names of Elite Legacy Education, Inc., a Florida Corporation. Privacy Policy | Terms of Use | Cookies