Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$2,819,361
Cash & Equivalents
28%
Inventories
21%
Receivables (Non-Related)
20%
Property, Plant, & Equipment (net)
15%
Other Assets
13%
Prepaid Expenses
3%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,982,382
Deferred Revenue
46%
Payables & Accruals
38%
Other Liabilities
14%
Notes Payable / Debt (Non-Related)
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$994,356
$797,554
-20%
Receivables (Non-Related)
$602,743
$557,578
-7%
Related-Party Receivables
-
-
-
Inventories
$734,100
$589,764
-20%
Prepaid Expenses
$73,389
$72,146
-2%
Investments
-
-
-
Property, Plant, & Equipment (net)
$524,917
$428,667
-18%
Other Assets
$336,879
$373,652
+11%
Total Assets
$3,266,384
$2,819,361
-14%
Liabilities
2023
2024
Change
Payables & Accruals
$710,164
$756,661
+7%
Grants Payable
-
-
-
Deferred Revenue
$1,185,909
$919,656
-22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$51,403
$24,241
-53%
Related-Party Payables
-
-
-
Other Liabilities
$266,897
$281,824
+6%
Total Liabilities
$2,214,373
$1,982,382
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$11,570
$2,010
-83%
Unrestricted Net Assets
$1,040,441
$834,969
-20%
Net assets
2023
2024
Change
Net assets
+$1,052,011
+$836,979
-20%