VERITE INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,031,174
Receivables (Non-Related)
65%
Cash & Equivalents
27%
Prepaid Expenses
6%
Property, Plant, & Equipment (net)
1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,103,396
Payables & Accruals
63%
Deferred Revenue
37%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,299,529
$1,370,762
-40%
Receivables (Non-Related)
$2,868,179
$3,252,377
+13%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$48,680
$326,480
+571%
Investments
-
-
-
Property, Plant, & Equipment (net)
$49,486
$64,621
+31%
Other Assets
$16,934
$16,934
+0%
Total Assets
$5,282,808
$5,031,174
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$1,277,791
$1,323,269
+4%
Grants Payable
-
-
-
Deferred Revenue
$226,822
$780,127
+244%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$1,504,613
$2,103,396
+40%
Net assets
2023
2024
Change
Restricted Net Assets
$1,047,360
$713,925
-32%
Unrestricted Net Assets
$2,730,835
$2,213,853
-19%
Net assets
2023
2024
Change
Net assets
+$3,778,195
+$2,927,778
-23%
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