Legacy Education Inc.
For the period ended Jun 30, 2026. Filed Sep 24, 2026.
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FY2026 · Filed Sep 24, 2026
LGCY$8.63+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| June 30, 2026 | June 30, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $22,731,159 | $20,316,357 |
| Accounts receivable, net of $1,994,492 and $1,641,052 allowance for doubtful accounts as of June 30, 2026 and June 30, 2025, respectively | 19,861,938 | 15,050,841 |
| Prepaid expenses | 2,139,614 | 1,383,405 |
| Other receivables | 1,075,269 | 302,424 |
| Total current assets | 45,807,980 | 37,053,027 |
| Property and equipment, net | 3,224,839 | 2,484,304 |
| Operating lease right-of-use asset | 14,988,329 | 15,781,177 |
| Financing lease right-of-use asset | 277,706 | 311,711 |
| Intangible assets | 3,838,416 | 3,858,027 |
| Goodwill | 6,846,911 | 6,852,076 |
| Accounts receivable, long-term | 2,153,680 | 1,966,137 |
| Deferred income tax assets | 730,933 | 395,546 |
| Security deposits | 680,955 | 503,133 |
| Total assets | $78,549,749 | $69,205,138 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $4,998,992 | $4,929,530 |
| Accrued income tax payable | 380,666 | 596,250 |
| Deferred, unearned tuition | 4,783,947 | 4,956,396 |
| Other current liabilities | 3,197 | 3,197 |
| Current portion of debt | 53,351 | 875,350 |
| Debt owed, related party | 50,000 | 50,000 |
| Current portion of financing lease | 71,509 | 63,989 |
| Current portion of operating lease liability | 2,023,088 | 2,306,061 |
| Total current liabilities | 12,364,750 | 13,780,773 |
| Debt, net of current portion | 27,025 | 481,264 |
| Financing lease, net of current portion | 79,912 | 151,420 |
| Operating lease liability, net of current portion | 13,312,606 | 13,748,161 |
| Total liabilities | 25,784,293 | 28,161,618 |
| 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, 12,797,221 and 12,452,670 shares issued and outstanding as of June 30, 2026 and June 30, 2025, respectively | 12,797 | 12,453 |
| Additional paid in capital | 29,855,474 | 27,273,365 |
| Retained earnings | 22,897,185 | 13,757,702 |
| Total stockholders’ equity | 52,765,456 | 41,043,520 |
| Total liabilities and stockholders’ equity | $78,549,749 | $69,205,138 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.