v3.26.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 22,731,159 $ 20,316,357
Accounts receivable, net of $1,994,492 and $1,641,052 allowance for doubtful accounts as of June 30, 2026 and June 30, 2025, respectively 19,861,938 15,050,841
Prepaid expenses 2,139,614 1,383,405
Other receivables 1,075,269 302,424
Total current assets 45,807,980 37,053,027
Property and equipment, net 3,224,839 2,484,304
Operating lease right-of-use asset 14,988,329 15,781,177
Financing lease right-of-use asset 277,706 311,711
Intangible assets 3,838,416 3,858,027
Goodwill 6,846,911 6,852,076
Accounts receivable, long-term 2,153,680 1,966,137
Deferred income tax assets 730,933 395,546
Security deposits 680,955 503,133
Total assets 78,549,749 69,205,138
Current liabilities    
Accounts payable and accrued liabilities 4,998,992 4,929,530
Accrued income tax payable 380,666 596,250
Deferred, unearned tuition 4,783,947 4,956,396
Other current liabilities 3,197 3,197
Current portion of debt 53,351 875,350
Debt owed, related party 50,000 50,000
Current portion of financing lease 71,509 63,989
Current portion of operating lease liability 2,023,088 2,306,061
Total current liabilities 12,364,750 13,780,773
Debt, net of current portion 27,025 481,264
Financing lease, net of current portion 79,912 151,420
Operating lease liability, net of current portion 13,312,606 13,748,161
Total liabilities 25,784,293 28,161,618
Commitments and contingencies
Stockholders’ equity    
Preferred stock: $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding
Common stock: $0.001 par value, 100,000,000 shares authorized, 12,797,221 and 12,452,670 shares issued and outstanding as of June 30, 2026 and June 30, 2025, respectively 12,797 12,453
Additional paid in capital 29,855,474 27,273,365
Retained earnings 22,897,185 13,757,702
Total stockholders’ equity 52,765,456 41,043,520
Total liabilities and stockholders’ equity $ 78,549,749 $ 69,205,138

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