Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events

Note 13 – Subsequent Events




In the Matter of Legacy Education Alliance International Ltd., CR-2019-007199. On October 28, 2019, an Application for Administration was filed in the High Court of Justice, Business and Property Courts of England and Wales, whereby four creditors of Legacy Education Alliance, International Ltd., one of our UK subsidiaries, seek an administration order with respect to the business affairs of the subsidiary, the appointment of an administrator, and such other ancillary orders as the applicants may request or as the court deems appropriate. We are opposing the Application for Administration. The matter was adjourned until November 15, 2019 to allow the parties the opportunity to negotiate a Company Voluntary Arrangement ("CVA"), but there can be no assurances that an agreement with the claimants will be reached or that an Order of Administration will not be issued.