Legacy Education Inc
For the period ended Jun 30, 2024. Filed Oct 1, 2024.
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FY2024 · Filed Oct 1, 2024
LGCY$8.63+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| June 30, 2024 | June 30, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $10,376,149 | $9,291,224 |
| Accounts receivable, net of $688,848 and $340,060 allowance for doubtful accounts as of June 30, 2024 and 2023, respectively | 13,038,241 | 7,184,788 |
| Prepaid expenses | 1,032,325 | 661,559 |
| Other receivables | 140,894 | 141,454 |
| Related party receivable | - | 69,975 |
| Total current assets | 24,587,609 | 17,349,000 |
| Property and equipment, net | 989,952 | 680,073 |
| Restricted cash | - | 98,382 |
| Operating lease right-of-use asset | 3,575,369 | 4,433,202 |
| Financing lease right-of-use asset | 340,048 | - |
| Intangible assets | 1,054,947 | 1,060,458 |
| Goodwill | 1,929,326 | 1,929,326 |
| Accounts receivable, long-term | 1,381,194 | 1,143,410 |
| Deferred income tax assets | 898,000 | 168,000 |
| Security deposits | 416,605 | 383,545 |
| Total assets | $35,173,050 | $27,245,396 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $3,862,895 | $2,582,173 |
| Accrued income tax payable | 1,443,335 | 147,055 |
| Deferred, unearned tuition | 2,585,747 | 3,473,726 |
| Other current liabilities | 24,201 | 30,434 |
| Current portion of debt | 574,244 | 678,257 |
| Debt owed, related party | 50,000 | 50,000 |
| Current portion of financing lease | 57,260 | - |
| Current portion of operating lease liability | 1,868,560 | 1,531,624 |
| Total current liabilities | 10,466,242 | 8,493,269 |
| Debt, net of current portion | 123,862 | 45,325 |
| Financing lease, net of current portion | 215,409 | - |
| Other liabilities | 905 | 33,774 |
| Operating lease liability, net of current portion | 1,947,620 | 3,250,944 |
| Total liabilities | 12,754,038 | 11,823,312 |
| Commitments and contingencies | - | - |
| Stockholders’ equity | ||
| Preferred stock: $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding | - | - |
| Common stock: $0.001 par value, 100,000,000 shares authorized, 9,291,149 shares issued and outstanding | 9,291 | 9,291 |
| Additional paid in capital | 16,186,251 | 14,304,175 |
| Retained earnings (accumulated deficit) | 6,223,470 | 1,108,618 |
| Total stockholders’ equity | 22,419,012 | 15,422,084 |
| Total liabilities and stockholders’ equity | $35,173,050 | $27,245,396 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.