LIFE PROMOTIONS INC
LIFE PROMOTIONS INC
LIFE PROMOTIONS INC
Balance Sheet
Fiscal Year Start:
Nov 1
Assets in 2024 (Year End)
$2,060,232
Property, Plant, & Equipment (net)
70%
Other Assets
16%
Cash & Equivalents
10%
Inventories
3%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,542,479
Deferred Revenue
45%
Notes Payable / Debt (Non-Related)
36%
Other Liabilities
10%
Payables & Accruals
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$292,412
$199,833
-32%
Receivables (Non-Related)
$32,358
$6,890
-79%
Related-Party Receivables
-
-
-
Inventories
$33,314
$69,684
+109%
Prepaid Expenses
$17,488
$4,866
-72%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,559,730
$1,448,630
-7%
Other Assets
$276,245
$330,329
+20%
Total Assets
$2,211,547
$2,060,232
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$148,684
$143,302
-4%
Grants Payable
-
-
-
Deferred Revenue
$781,783
$692,236
-11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$264,703
$556,941
+110%
Related-Party Payables
-
-
-
Other Liabilities
$150,000
$150,000
+0%
Total Liabilities
$1,345,170
$1,542,479
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$49,958
$120,743
+142%
Unrestricted Net Assets
$816,419
$397,010
-51%
Net assets
2023
2024
Change
Net assets
+$866,377
+$517,753
-40%
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