Other Receivables

6 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Other Receivables

Note 8 – Other Receivables

The other receivables consist of the following as of December 31, 2024 and June 30, 2024:

	December 31, 2024		June 30, 2024
Other advance		94,454		94,454
Receivable from CCMCC Seller		24,754		-
Employee retention credit		37,720		46,440
Total other receivables	$	156,928	$	140,894

The Company paid $106,846 federal income taxes on behalf of a foreign investor in Legacy, and the amount due back to the Company was $94,454 as of December 31 2024 and June 30, 2024.

During the fiscal year ended June 30, 2021, the Company applied for certain Employee Retention Credits (“ERTC”) under the CARES Act in the approximate amount of $2.9 million. The remaining balance of the ERTC receivable as of December 31, 2024 and June 30, 2024 was $37,720 and $46,440, respectively.

Legacy Education Inc.

Notes to Consolidated Financial Statements

For The Three and Six Months ended December 31, 2024 and 2023

(Unaudited)