Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$21,385,718
Property, Plant, & Equipment (net)
77%
Cash & Equivalents
13%
Receivables (Non-Related)
7%
Other Assets
2%
Inventories
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,346,339
Notes Payable / Debt (Non-Related)
60%
Payables & Accruals
21%
Deferred Revenue
14%
Other Liabilities
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,975,317
$2,693,054
+36%
Receivables (Non-Related)
$1,368,825
$1,514,090
+11%
Related-Party Receivables
$0
$0
-
Inventories
$229,044
$254,403
+11%
Prepaid Expenses
$175,274
$91,341
-48%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$16,594,385
$16,433,641
-1%
Other Assets
$512,845
$399,189
-22%
Total Assets
$20,855,690
$21,385,718
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$881,500
$894,165
+1%
Grants Payable
-
-
-
Deferred Revenue
$566,845
$613,802
+8%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,037,500
$2,587,500
-15%
Related-Party Payables
-
-
-
Other Liabilities
$306,815
$250,872
-18%
Total Liabilities
$4,792,660
$4,346,339
-9%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$16,063,030
$17,039,379
+6%
Net assets
2023
2024
Change
Net assets
+$16,063,030
+$17,039,379
+6%