Intangible Assets

12 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 4 - Intangible Assets

The Company’s intangible assets consisted of the following as of June 30, 2025 and June 30, 2024:

	June 30, 2025			June 30, 2024
Goodwill	$	6,852,076		$	1,929,326
Trade name		1,736,100			796,100
Accreditation		1,818,200			88,200
Course curriculum		344,000			198,000
Total cost of intangibles	$	10,750,376		$	3,011,626
Less accumulated amortization		(40,273	)		(27,353	)
Intangibles net	$	10,710,103		$	2,984,273

As of June 30, 2025 and June 30, 2024, no impairment of the Company’s goodwill, nor other intangibles with an indefinite life was required related to its previous acquisitions of CCC, Integrity and CCMCC. The Company recognized $12,920 and $5,011, respectively, in amortization expense for years ended June 30, 2025 and 2024. Although the ACCET accreditation has an indefinite life, the accreditation requires renewal every five years. CCC’s ACCET accreditation was most recently renewed in April 2025 and its next renewal is in April 2030. CCMCC’s accreditation was most recently renewed in April 2022 and its next renewal is in April 2026. Although ABHES accreditation has an indefinite life, the accreditation requires renewal every five years. Integrity’s next ABHES accreditation renewal is in February 2026. 100% of goodwill is expected to be deductible for federal income tax purposes and will be amortized over 15 years on a straight-line basis.

Legacy Education Inc.

Notes to Consolidated Financial Statements

For Fiscal Years ended June 30, 2025 and 2024