Legacy Education Inc.
For the period ended Jun 30, 2025. Filed Sep 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Sep 25, 2025
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, 2025 | June 30, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $20,316,357 | $10,376,149 |
| Accounts receivable, net of $1,641,052 and $688,848 allowance for doubtful accounts as of June 30, 2025 and June 30, 2024, respectively | 15,050,841 | 13,038,241 |
| Prepaid expenses | 1,383,405 | 1,032,325 |
| Other receivables | 302,424 | 140,894 |
| Total current assets | 37,053,027 | 24,587,609 |
| Property and equipment, net | 2,484,304 | 989,952 |
| Operating lease right-of-use asset | 15,781,177 | 3,575,369 |
| Financing lease right-of-use asset | 311,711 | 340,048 |
| Intangible assets | 3,858,027 | 1,054,947 |
| Goodwill | 6,852,076 | 1,929,326 |
| Accounts receivable, long-term | 1,966,137 | 1,381,194 |
| Deferred income tax assets | 395,546 | 898,000 |
| Security deposits | 503,133 | 416,605 |
| Total assets | $69,205,138 | $35,173,050 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $4,929,530 | $3,862,895 |
| Accrued income tax payable | 596,250 | 1,443,335 |
| Deferred, unearned tuition | 4,956,396 | 2,585,747 |
| Other current liabilities | 3,197 | 24,201 |
| Current portion of debt | 875,350 | 574,244 |
| Debt owed, related party | 50,000 | 50,000 |
| Current portion of financing lease | 63,989 | 57,260 |
| Current portion of operating lease liability | 2,306,061 | 1,868,560 |
| Total current liabilities | 13,780,773 | 10,466,242 |
| Debt, net of current portion | 481,264 | 123,862 |
| Financing lease, net of current portion | 151,420 | 215,409 |
| Other liabilities | - | 905 |
| Operating lease liability, net of current portion | 13,748,161 | 1,947,620 |
| Total liabilities | 28,161,618 | 12,754,038 |
| 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, 12,452,670 and 9,291,149 shares issued and outstanding as of June 30, 2025 and June 30, 2024, respectively | 12,453 | 9,291 |
| Additional paid in capital | 27,273,365 | 16,186,251 |
| Retained earnings | 13,757,702 | 6,223,470 |
| Total stockholders’ equity | 41,043,520 | 22,419,012 |
| Total liabilities and stockholders’ equity | $69,205,138 | $35,173,050 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.