Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$11,949,733
Property, Plant, & Equipment (net)
55%
Cash & Equivalents
29%
Other Assets
10%
Receivables (Non-Related)
7%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$9,452,186
Notes Payable / Debt (Non-Related)
41%
Payables & Accruals
22%
Deferred Revenue
20%
Other Liabilities
18%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,429,411
$3,467,817
-36%
Receivables (Non-Related)
$4,649,785
$817,548
-82%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$2,991
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,955,315
$6,526,327
-6%
Other Assets
$2,214,258
$1,138,041
-49%
Total Assets
$19,251,760
$11,949,733
-38%
Liabilities
2023
2024
Change
Payables & Accruals
$655,739
$2,067,618
+215%
Grants Payable
-
-
-
Deferred Revenue
$1,677,123
$1,849,671
+10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,013,393
$3,851,419
-4%
Related-Party Payables
-
-
-
Other Liabilities
$2,029,973
$1,683,478
-17%
Total Liabilities
$8,376,228
$9,452,186
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$2,039,494
$2,248,318
+10%
Unrestricted Net Assets
$8,836,038
$249,229
-97%
Net assets
2023
2024
Change
Net assets
+$10,875,532
+$2,497,547
-77%