Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$3,565,149
Other Assets
45%
Property, Plant, & Equipment (net)
35%
Inventories
11%
Receivables (Non-Related)
7%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,352,985
Payables & Accruals
47%
Notes Payable / Debt (Non-Related)
30%
Other Liabilities
23%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$203,939
$69,130
-66%
Receivables (Non-Related)
$844,214
$240,583
-72%
Related-Party Receivables
-
-
-
Inventories
$349,344
$384,877
+10%
Prepaid Expenses
$13,180
$16,942
+29%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,563,488
$1,262,888
-19%
Other Assets
$1,918,914
$1,590,729
-17%
Total Assets
$4,893,079
$3,565,149
-27%
Liabilities
2023
2024
Change
Payables & Accruals
$2,017,417
$2,523,272
+25%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,692,886
$1,603,787
-5%
Related-Party Payables
-
-
-
Other Liabilities
$1,940,862
$1,225,926
-37%
Total Liabilities
$5,651,165
$5,352,985
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$7,503
$7,503
+0%
Unrestricted Net Assets
-$765,589
-$1,795,339
-135%
Net assets
2023
2024
Change
Net assets
-$758,086
-$1,787,836
-136%