Balance Sheet

Fiscal Year: 2024
Assets in 2024 (Year End)
$11,648,432
Receivables (Non-Related)
55%
Cash & Equivalents
20%
Property, Plant, & Equipment (net)
15%
Inventories
8%
Other Assets
2%
Prepaid Expenses
1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,704,657
Deferred Revenue
66%
Payables & Accruals
30%
Other Liabilities
4%
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
$1,832,042
$2,291,279
+25%
Receivables (Non-Related)
$4,078,488
$6,351,153
+56%
Related-Party Receivables
$0
$0
-
Inventories
$485,568
$916,841
+89%
Prepaid Expenses
$311,910
$132,646
-57%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,513,091
$1,760,355
+16%
Other Assets
$65,561
$196,158
+199%
Total Assets
$8,286,660
$11,648,432
+41%
Liabilities
2023
2024
Change
Payables & Accruals
$915,046
$1,121,869
+23%
Grants Payable
-
-
-
Deferred Revenue
$1,658,221
$2,447,820
+48%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$300,000
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$16,171
$134,968
+735%
Total Liabilities
$2,889,438
$3,704,657
+28%
Net assets
2023
2024
Change
Restricted Net Assets
$2,752,116
$5,235,442
+90%
Unrestricted Net Assets
$2,645,106
$2,708,333
+2%
Net assets
2023
2024
Change
Net assets
+$5,397,222
+$7,943,775
+47%