Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$41,722,239
Property, Plant, & Equipment (net)
42%
Other Assets
22%
Receivables (Non-Related)
21%
Cash & Equivalents
6%
Inventories
5%
Prepaid Expenses
3%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$38,722,893
Other Liabilities
53%
Notes Payable / Debt (Non-Related)
27%
Payables & Accruals
20%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,020,246
$2,562,440
-57%
Receivables (Non-Related)
$10,572,875
$8,830,410
-16%
Related-Party Receivables
-
-
-
Inventories
$1,563,773
$1,970,693
+26%
Prepaid Expenses
$274,836
$1,457,970
+430%
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,916,451
$17,720,651
+156%
Other Assets
$6,169,059
$9,180,075
+49%
Total Assets
$31,517,240
$41,722,239
+32%
Liabilities
2023
2024
Change
Payables & Accruals
$3,411,422
$7,682,170
+125%
Grants Payable
-
-
-
Deferred Revenue
-
$30,418
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
$10,394,702
-
Related-Party Payables
-
-
-
Other Liabilities
$23,732,083
$20,615,603
-13%
Total Liabilities
$27,143,505
$38,722,893
+43%
Net assets
2023
2024
Change
Restricted Net Assets
$4,459,046
$4,452,346
0%
Unrestricted Net Assets
-$85,311
-$1,453,000
-1603%
Net assets
2023
2024
Change
Net assets
+$4,373,735
+$2,999,346
-31%