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Acquisition | 3 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquisition | Note 3 – Acquisition On December 18, 2024, Antioch completed its acquisition of CCMCC for a base purchase price of $8,000,000. Under the asset purchase agreement (“APA”), Antioch acquired certain assets and assumed certain liabilities of CCMCC. Under the terms of the APA as consideration for the sale, Antioch paid Sellers $6,600,000 subject to a working capital adjustment, entered into a $400,000 promissory note, described in Note 10, and issued 118,906 shares of HDMC’s common stock with a combined value equivalent to $1,000,000 held in an escrow account for a period of one year. The working capital adjustment was required to equal zero on the transaction date and includes certain acquired assets and assumed liabilities. As of the date of this report, the net working capital adjustment has been determined to be $466,920 for a total purchase price of $7,533,080. The acquisition was accounted for in accordance with the acquisition method of accounting. Under this method, the cost of the target is allocated to the identifiable assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The excess estimated fair values of the identifiable net assets over the amount paid was $7,738,750 which has been allocated between goodwill and other intangible assets and is included on the accompanying consolidated balance sheet. The following is a summary of the estimated fair values of the assets acquired and liabilities assumed at the date of the acquisition: Schedule of Assets and Liabilities Acquisition
Current and other assets |  | $ | 2,157,783 |
Property and equipment |  |  | 483,036 |
Total assets acquired |  |  | 2,640,819 |
Liabilities assumed (excluding debt - see Note 9) |  |  | (2,846,489 | )
Net assets acquired |  | $ | (205,670 | )
Purchase price |  | $ | 7,533,080 |
Trade name |  | $ | 940,000 |
Accreditation |  |  | 1,730,000 |
Course Curriculum |  |  | 146,000 |
Goodwill |  |  | 4,922,750 |
Total excess purchase price |  | $ | 7,738,750 |
The amounts recorded above related to the acquisition are subject to adjustment as the Company has not yet completed the final allocation of the purchase price. The Company has one year from the date of acquisition to complete its valuation of assets and liabilities assumed. Legacy Education Inc. Notes to Condensed Consolidated Financial Statements For the three months ended September 30, 2025 and 2024 Following are the supplemental consolidated financial results of the Company and CCMCC on an unaudited pro forma basis, as if the acquisitions had been consummated as of the beginning of the fiscal year 2024 (i.e., July 1, 2023). Schedule of Revenue and Net Income from Subsidiary
|  | For the Years Ended June 30, |
|  | 2025 |  |  | 2024 |
Revenue |  | $ | 68,180,441 |  |  | $ | 53,121,798 |
Net income |  | $ | 8,838,779 |  |  | $ | 5,294,148 |
The pro forma financial information presented above has been prepared by combining the Company’s historical results and the historical results of CCMCC and adjusting those results to reflect the effects of the acquisition as if it occurred on July 1, 2023. These results do not purport to be indicative of the results of operations had the acquisition occurred on the date indicated above, or that may result in the future, and do not reflect potential synergies or additional costs following the acquisition.

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