Legacy Education Alliance, Inc. (LEAI) Financial Statements (2026 and earlier)

Company Profile

Business Address 1612 CAPE CORAL PARKWAY EAST
CAPE CORAL, FL 33904
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5761,5143,8391,5576,0051,711
Cash and cash equivalent5761,5143,8391,5576,0051,711
Restricted cash and investments 1,1802,3895,0802,8993,148
Receivables 292     
Inventory, net of allowances, customer advances and progress billings1104789330348
Inventory1104789330348
Deferred costs3041,9736,8058,5479,4179,067
Disposal group, including discontinued operation 33     
Other undisclosed current assets6561,5782,0743,1326,4083,458
Total current assets:1,8626,25515,15418,40525,05917,732
Noncurrent Assets
Operating lease, right-of-use asset2045122✕✕✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization  4 1,8801,1871,130
Disposal group, including discontinued operation, noncurrent assets33     
Other noncurrent assets640413178333207
Other undisclosed noncurrent assets   1,669974411,295
Total noncurrent assets:59892,2042,1551,9612,632
TOTAL ASSETS:1,9216,34417,35820,56027,02020,364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9983,2023,3467,1936,1955,266
Employee-related liabilities✕202734597481,506840
Accounts payable2,5442,8522,3114,9622,8603,344
Accrued liabilities2522775761,4831,8291,082
Deferred revenue4,43815,795 ✕✕✕
Debt1421,9001,0861,024  
Liability for uncertainty in income taxes 300  1,6001,6001,600
Disposal group, including discontinued operation9,845 4,499   
Deferred revenue and credits✕✕✕✕✕57,15154,389
Other undisclosed current liabilities2,9556,90947,76358,0651,029638
Total current liabilities:20,67827,80656,69467,88265,97561,893
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,933322782031
Long-term debt, excluding current maturities1,933120 82031
Other undisclosed long-term debt and lease obligation  (108)    
Liabilities, other than long-term debt1,493443 1,3311,790614
Deferred revenue and credits✕✕✕✕✕602235
Deferred income tax liabilities1,493134 ✕✕✕
Liability for uncertainty in income taxes  309    
Other liabilities    1,3311,188379
Operating lease, liability 2027✕✕✕
Other undisclosed noncurrent liabilities  1,699    
Total noncurrent liabilities:3,4262,174271,3391,810645
Total liabilities:24,10429,98056,72169,22167,78562,538
Equity
Equity, attributable to parent, including:(22,183)(23,636)(39,363)(48,661)(40,765)(42,174)
Common stock322222
Additional paid in capital13,16111,56411,55211,47011,29911,073
Accumulated other comprehensive income (loss)8374167101,444(445)2,668
Accumulated deficit(36,184)(35,618)(51,627)(61,577)(51,621)(55,917)
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest      
Other undisclosed equity      
Total equity:(22,183)(23,636)(39,363)(48,661)(40,765)(42,174)
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:1,9216,34417,35820,56027,02020,364

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7,71034,16175,49693,40997,73089,196
Cost of revenue
(Cost of Product and Service Sold)		(2,294)(7,913)(39,854)(55,800)(53,972)(47,843)
Other undisclosed gross profit(1,636)(2,254)(20,128)(27,438)(24,536)(23,825)
Gross profit:3,78023,99415,51410,17119,22217,528
Operating expenses(8,125)(15,627)(73,852)(102,488)(95,916)(86,723)
Other undisclosed operating income3,93010,16759,98283,23878,50871,668
Operating income (loss):(415)18,5341,644(9,079)1,8142,473
Nonoperating income (expense)3941,433440(408)4,471467
Other nonoperating income (expense)81,643533(368)4,480472
Interest and debt expense910  (40)(9)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:88919,9672,084(9,527)6,2762,935
Other undisclosed income (loss) from continuing operations before income taxes(910)  4095
Income (loss) from continuing operations before income taxes:(21)19,9672,084(9,487)6,2852,940
Income tax expense (benefit)(716)(3,958)1,257(469)(1,989)941
Income (loss) from continuing operations:(737)16,0093,341(9,956)4,2963,881
Income (loss) before gain (loss) on sale of properties:✕(566)16,0093,341(9,956)4,2963,881
Income from discontinued operations 171     
Net income (loss):(566)16,0093,341(9,956)4,2963,881
Net income attributable to noncontrolling interest      
Other undisclosed net income attributable to parent   6,609   
Net income (loss) attributable to parent:(566)16,0099,950(9,956)4,2963,881
Other undisclosed net loss available to common stockholders, basic  (106)(6,670) (253)(182)
Net income (loss) available to common stockholders, basic:(566)15,9033,280(9,956)4,0433,699
Dilutive securities, effect on basic earnings per share (566)16,0083,339 253182
Net income (loss) available to common stockholders, diluted:(1,132)31,9116,619(9,956)4,2963,881

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(566)16,0093,341(9,956)4,2963,881
Comprehensive income (loss):(566)16,0093,341(9,956)4,2963,881
Comprehensive income, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent421(294)5,8751,889(3,113)988
Comprehensive income (loss), net of tax, attributable to parent:(145)15,7159,216(8,067)1,1834,869

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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