Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$12,012,145
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
22%
Other Assets
21%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,547,691
Deferred Revenue
77%
Payables & Accruals
15%
Other Liabilities
8%
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
$3,348,824
$2,694,759
-20%
Receivables (Non-Related)
$178,535
$307,897
+72%
Related-Party Receivables
-
-
-
Inventories
$49,489
$41,132
-17%
Prepaid Expenses
$57,900
$68,803
+19%
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,255,228
$6,430,503
+3%
Other Assets
$877,361
$2,469,051
+181%
Total Assets
$10,767,337
$12,012,145
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$775,420
$703,850
-9%
Grants Payable
-
-
-
Deferred Revenue
$3,298,348
$3,493,398
+6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$166,000
$350,443
+111%
Total Liabilities
$4,239,768
$4,547,691
+7%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$6,527,569
+$7,464,454
+14%