v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Jun. 30, 2024
[1]
Current assets    
Cash and cash equivalents $ 17,326,998 $ 10,376,149
Accounts receivable, net of $3,048,824 and $688,848 allowance for doubtful accounts as of March 31, 2025 and June 30, 2024, respectively 15,832,308 13,038,241
Prepaid expenses 1,318,121 1,032,325
Other receivables 797,234 140,894
Total current assets 35,274,661 24,587,609
Property and equipment, net 1,968,973 989,952
Operating lease right-of-use asset 16,409,741 3,575,369
Financing lease right-of-use asset 320,212 340,048
Intangible assets 3,651,188 1,054,947
Goodwill 6,595,270 1,929,326
Accounts receivable, long-term 1,478,082 1,381,194
Deferred income tax assets 898,000 898,000
Security deposits 503,133 416,605
Total assets 67,099,260 35,173,050
Current liabilities    
Accounts payable and accrued liabilities 3,869,167 3,862,895
Accrued income tax payable 72,088 1,443,335
Deferred, unearned tuition 5,923,086 2,585,747
Other current liabilities 54,810 24,201
Current portion of debt 867,266 574,244
Debt owed, related party 50,000 50,000
Current portion of financing lease 62,241 57,260
Current portion of operating lease liability 2,424,490 1,868,560
Total current liabilities 13,323,148 10,466,242
Debt, net of current portion 106,854 123,862
Financing lease, net of current portion 147,283 215,409
Other liabilities 16 905
Operating lease liability, net of current portion 14,244,357 1,947,620
Total liabilities 27,821,658 12,754,038
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, 12,380,557 and 9,291,149 shares issued and outstanding as of March 31, 2025 and June 30, 2024, respectively 12,380 9,291
Additional paid in capital 26,734,488 16,186,251
Retained earnings 12,530,734 6,223,470
Total stockholders’ equity 39,277,602 22,419,012
Total liabilities and stockholders’ equity $ 67,099,260 $ 35,173,050
[1] Derived from audited information

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