Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$17,322,509
Property, Plant, & Equipment (net)
45%
Receivables (Non-Related)
23%
Cash & Equivalents
16%
Other Assets
13%
Prepaid Expenses
2%
Inventories
1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$25,844,575
Other Liabilities
70%
Deferred Revenue
25%
Payables & Accruals
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,643,109
$2,685,090
+63%
Receivables (Non-Related)
$3,832,109
$3,937,619
+3%
Related-Party Receivables
-
-
-
Inventories
$209,006
$244,466
+17%
Prepaid Expenses
$473,683
$351,792
-26%
Investments
-
-
-
Property, Plant, & Equipment (net)
$7,846,329
$7,846,329
+0%
Other Assets
$3,491,484
$2,257,213
-35%
Total Assets
$17,495,720
$17,322,509
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$3,726,937
$1,345,769
-64%
Grants Payable
-
-
-
Deferred Revenue
$5,158,724
$6,466,540
+25%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$11,143,870
$18,032,266
+62%
Total Liabilities
$20,029,531
$25,844,575
+29%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$2,533,811
-$8,522,066
-236%
Net assets
2023
2024
Change
Net assets
-$2,533,811
-$8,522,066
-236%