Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$6,601,906
Property, Plant, & Equipment (net)
77%
Receivables (Non-Related)
12%
Other Assets
4%
Investments
4%
Cash & Equivalents
2%
Inventories
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,258,565
Notes Payable / Debt (Non-Related)
89%
Related-Party Payables
7%
Payables & Accruals
4%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$577,488
$137,448
-76%
Receivables (Non-Related)
$851,827
$820,647
-4%
Related-Party Receivables
-
-
-
Inventories
$85,271
$93,141
+9%
Prepaid Expenses
$12,155
$12,598
+4%
Investments
$209,523
$231,639
+11%
Property, Plant, & Equipment (net)
$2,555,700
$5,068,533
+98%
Other Assets
-
$237,900
-
Total Assets
$4,291,964
$6,601,906
+54%
Liabilities
2023
2024
Change
Payables & Accruals
$68,186
$95,657
+40%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$269,956
$2,002,908
+642%
Related-Party Payables
$10,000
$160,000
+1500%
Other Liabilities
-
-
-
Total Liabilities
$348,142
$2,258,565
+549%
Net assets
2023
2024
Change
Restricted Net Assets
$1,163,625
$796,163
-32%
Unrestricted Net Assets
$2,780,197
$3,547,178
+28%
Net assets
2023
2024
Change
Net assets
+$3,943,822
+$4,343,341
+10%