Legacy Education Alliance, Inc. (LEAI) financial statements (2021 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 millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2224854
Cash and cash equivalents2224854
Restricted cash and investments1222567
Inventory, net of allowances, customer advances and progress billings0000000
Inventory0000000
Deferred costs3467999
Other undisclosed current assets1122344
Total current assets:791115262423
Noncurrent Assets
Operating lease, right-of-use asset 00021 
Property, plant and equipment011 222
Deferred income tax assets110    
Other noncurrent assets0000000
Deferred tax assets, net0
Other undisclosed noncurrent assets1  2001
Total noncurrent assets:3322434
TOTAL ASSETS:10121317302827
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3233888
Accounts payable3232455
Accrued liabilities0001332
Employee-related liabilities0000111
Deferred revenue223037    
Debt2211222
Disposal group, including discontinued operation   4   
Other undisclosed current liabilities97648646464
Total current liabilities:35414757747574
Noncurrent Liabilities
Long-term debt and lease obligation, including: 000111
Operating lease, liability 00011 
Other undisclosed long-term debt and lease obligation      1
Liabilities, other than long-term debt    111
Other liabilities    111
Other undisclosed noncurrent liabilities22     
Total noncurrent liabilities:2200222
Total liabilities:37434757767776
Stockholders' equity
Stockholders' equity attributable to parent(27)(31)(34)(39)(47)(49)(49)
Common stock0000000
Additional paid in capital12121212121211
Accumulated other comprehensive income1231211
Accumulated deficit(40)(45)(49)(52)(60)(62)(62)
Total stockholders' equity:(27)(31)(34)(39)(47)(49)(49)
TOTAL LIABILITIES AND EQUITY:10121317302827

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues98101262425
Cost of revenue
(Cost of Goods and Services Sold)
(2)(2)(4)(1)(13)(12)(13)
Other undisclosed gross profit(0)(0)(2)0(7)(7)(7)
Gross profit:7651645
Operating expenses(3)(3)(7)(1)(24)(24)(25)
Other undisclosed operating income2251201920
Operating income (loss):65312(1)0
Nonoperating income (expense)(0)(0)(0)0(0)0(0)
Other nonoperating income (expense)(0)(0)00(0)0(0)
Income (loss) from continuing operations before income taxes:65312(0)(0)
Income tax expense (benefit)(1)(1)010 0
Net income (loss):54322(0)(0)
Other undisclosed net income attributable to parent   7   
Net income (loss) attributable to parent:54392(0)(0)
Other undisclosed net income (loss) available to common stockholders, basic(0)(0)3,021(7)(0)  
Net income (loss) available to common stockholders, basic:543,02422(0)(0)
Dilutive securities, effect on basic earnings per share54322  
Net income (loss) available to common stockholders, diluted:983,02743(0)(0)

Comprehensive Income ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net income (loss):54322(0)(0)
Comprehensive income (loss):54322(0)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(1)2510(0)
Comprehensive income (loss), net of tax, attributable to parent:435720(0)

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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