Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$23,502,390
Property, Plant, & Equipment (net)
37%
Inventories
26%
Receivables (Non-Related)
19%
Cash & Equivalents
13%
Investments
5%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$8,845,966
Notes Payable / Debt (Non-Related)
80%
Payables & Accruals
10%
Deferred Revenue
9%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,082,499
$3,171,298
-22%
Receivables (Non-Related)
$2,488,444
$4,386,020
+76%
Related-Party Receivables
-
-
-
Inventories
$6,839,493
$6,094,362
-11%
Prepaid Expenses
$48,198
$16,065
-67%
Investments
$6,659,988
$1,187,100
-82%
Property, Plant, & Equipment (net)
$2,467,066
$8,603,823
+249%
Other Assets
$81,251
$43,722
-46%
Total Assets
$22,666,939
$23,502,390
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$1,496,505
$880,876
-41%
Grants Payable
-
-
-
Deferred Revenue
$3,349,684
$768,404
-77%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,242,228
$7,107,567
+36%
Related-Party Payables
-
-
-
Other Liabilities
$111,928
$89,119
-20%
Total Liabilities
$10,200,345
$8,845,966
-13%
Net assets
2023
2024
Change
Restricted Net Assets
$1,037,699
$250,000
-76%
Unrestricted Net Assets
$11,428,895
$14,406,424
+26%
Net assets
2023
2024
Change
Net assets
+$12,466,594
+$14,656,424
+18%