Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$456,745
Property, Plant, & Equipment (net)
91%
Cash & Equivalents
8%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$73,847
Notes Payable / Debt (Non-Related)
81%
Related-Party Payables
10%
Payables & Accruals
9%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,638,158
$36,358
-98%
Receivables (Non-Related)
$5,000
$5,000
+0%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$1,483
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$426,206
$413,904
-3%
Other Assets
-
-
-
Total Assets
$2,069,364
$456,745
-78%
Liabilities
2023
2024
Change
Payables & Accruals
$9,205
$6,347
-31%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$304,500
$60,000
-80%
Related-Party Payables
-
$7,500
-
Other Liabilities
-
-
-
Total Liabilities
$313,705
$73,847
-76%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,755,659
$382,898
-78%
Net assets
2023
2024
Change
Net assets
+$1,755,659
+$382,898
-78%