Balance Sheet

Fiscal Year: 2024
Sep 1, 2023 – Aug 31, 2024
Assets in 2024 (Year End)
$5,742,760
Property, Plant, & Equipment (net)
68%
Cash & Equivalents
31%
Inventories
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,309,033
Related-Party Payables
39%
Notes Payable / Debt (Non-Related)
36%
Deferred Revenue
20%
Payables & Accruals
5%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,415,391
$1,772,729
-27%
Receivables (Non-Related)
$7,189
$0
-100%
Related-Party Receivables
-
$0
-
Inventories
$15,807
$23,685
+50%
Prepaid Expenses
$8,693
$5,381
-38%
Investments
-
$0
-
Property, Plant, & Equipment (net)
$2,527,970
$3,932,611
+56%
Other Assets
$33,414
$8,354
-75%
Total Assets
$5,008,464
$5,742,760
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$199,498
$118,605
-41%
Grants Payable
-
-
-
Deferred Revenue
$662,860
$452,825
-32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$831,785
-
Related-Party Payables
$900,000
$897,058
0%
Other Liabilities
$34,221
$8,760
-74%
Total Liabilities
$1,796,579
$2,309,033
+29%
Net assets
2023
2024
Change
Restricted Net Assets
$15,000
$15,000
+0%
Unrestricted Net Assets
$3,196,885
$3,418,727
+7%
Net assets
2023
2024
Change
Net assets
+$3,211,885
+$3,433,727
+7%