Legacy Education Alliance, Inc. (LEAI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5766901,3731,1591,5141,7941,843
Cash and cash equivalents5766901,3731,1591,5141,7941,843
Restricted cash and investments 6246316301,1801,3561,845
Receivables292      
Inventory, net of allowances, customer advances and progress billings111010101046
Inventory111010101046
Deferred costs3042803947521,9732,8954,203
Disposal group, including discontinued operation33333434   
Other undisclosed current assets6564789081,1701,5781,2601,370
Total current assets:1,8622,1063,3503,7556,2557,3159,307
Noncurrent Assets
Operating lease, right-of-use asset2026323945 45
Property, plant and equipment   143551,318
Disposal group, including discontinued operation, noncurrent assets33333434   
Deferred income tax assets     1,2041,191
Other noncurrent assets6666403542
Other undisclosed noncurrent assets     959 
Total noncurrent assets:59657280892,5532,596
TOTAL ASSETS:1,9212,1713,4223,8356,3449,86811,903
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9981,7971,6911,6923,2022,8362,451
Accounts payable2,5441,4511,3761,2992,8522,5022,139
Accrued liabilities252266279278277253150
Employee-related liabilities20280361157381162
Deferred revenue4,4384,3025,0847,61215,79521,50530,216
Debt1421,0181,905 1,9001,9001,900
Liability for uncertainty in income taxes300      
Disposal group, including discontinued operation9,8459,80910,06410,092   
Other undisclosed current liabilities2,9553,3204,9155,2916,9099,0186,700
Total current liabilities:20,67820,24623,65924,68727,80635,25941,267
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,9331,9081,9071,91332 21
Long-term debt, excluding current maturities1,9331,9081,9001,900120  
Operating lease, liability  71320 21
Other undisclosed long-term debt and lease obligation    (108)  
Liabilities, other than long-term debt1,4931,5134480443  
Deferred income tax liabilities1,4931,5134480134  
Liability for uncertainty in income taxes    309  
Other undisclosed noncurrent liabilities   601,6991,9001,879
Total noncurrent liabilities:3,4263,4211,9512,0532,1741,9001,921
Total liabilities:24,10423,66725,61026,74029,98037,15943,188
Stockholders' equity
Stockholders' equity attributable to parent(22,183)(21,496)(22,188)(22,905)(23,636)(27,291)(31,285)
Common stock3332222
Additional paid in capital13,16112,89612,34511,93911,56411,57511,566
Accumulated other comprehensive income8378034675194161,2341,938
Accumulated deficit(36,184)(35,198)(35,003)(35,365)(35,618)(40,102)(44,791)
Total stockholders' equity:(22,183)(21,496)(22,188)(22,905)(23,636)(27,291)(31,285)
TOTAL LIABILITIES AND EQUITY:1,9212,1713,4223,8356,3449,86811,903

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues3491,3793,3622,6207,0759,1817,785
Cost of revenue
(Cost of Goods and Services Sold)
(395)(675)(790)(434)(1,112)(1,741)(1,528)
Other undisclosed gross profit(293)(729)(556)(58)(333)(73)(3)
Gross profit:(339)(25)2,0162,1285,6307,3676,254
Operating expenses(1,315)(2,576)(2,744)(1,490)(2,462)(3,200)(2,813)
Other undisclosed operating income6881,4041,3464921,4451,8141,531
Operating income (loss):(966)(1,197)6181,1304,6135,9814,972
Nonoperating income (expense)(101)884(387)(2)1,660(118)(47)
Other nonoperating income (expense)29(1)(2)1,662(13)(27)
Interest and debt expense 910     
Income (loss) from continuing operations before equity method investments, income taxes:(1,067)5972311,1286,2735,8634,925
Other undisclosed loss from continuing operations before income taxes (910)     
Income (loss) from continuing operations before income taxes:(1,067)(313)2311,1286,2735,8634,925
Income tax expense (benefit)81118131(1,046)(1,789)(1,174)(1,122)
Income (loss) before gain (loss) on sale of properties:(986)(195)362824,4844,6893,803
Other undisclosed net income   171   
Net income (loss) attributable to parent:(986)(195)3622534,4844,6893,803
Other undisclosed net loss available to common stockholders, basic    (33)(23)(24)
Net income (loss) available to common stockholders, basic:(986)(195)3622534,4514,6663,779
Dilutive securities, effect on basic earnings per share(995)(195)3452534,4834,6893,803
Net income (loss) available to common stockholders, diluted:(1,981)(390)7075068,9349,3557,582

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(986)(195)3622534,4844,6893,803
Comprehensive income (loss):(986)(195)3622534,4844,6893,803
Other undisclosed comprehensive income (loss), net of tax, attributable to parent34336(52)103(818)(704)(682)
Comprehensive income (loss), net of tax, attributable to parent:(952)1413103563,6663,9853,121

Statements sources

The financial statements are based on the company's filings with the 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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