Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$6,180,290
Receivables (Non-Related)
62%
Property, Plant, & Equipment (net)
32%
Cash & Equivalents
6%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$6,733,215
Payables & Accruals
68%
Notes Payable / Debt (Non-Related)
16%
Deferred Revenue
15%
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
$935,213
$359,281
-62%
Receivables (Non-Related)
$1,755,200
$3,852,592
+119%
Related-Party Receivables
$0
$0
-
Inventories
$1,485
$1,485
+0%
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$8,442,208
$1,966,932
-77%
Other Assets
$35,000
$0
-100%
Total Assets
$11,169,106
$6,180,290
-45%
Liabilities
2023
2024
Change
Payables & Accruals
$2,140,003
$4,609,927
+115%
Grants Payable
-
-
-
Deferred Revenue
$492,290
$985,898
+100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,566,300
$1,108,787
-85%
Related-Party Payables
-
-
-
Other Liabilities
$41,396
$28,603
-31%
Total Liabilities
$10,239,989
$6,733,215
-34%
Net assets
2023
2024
Change
Restricted Net Assets
-
$437,045
-
Unrestricted Net Assets
$929,117
-$989,970
-207%
Net assets
2023
2024
Change
Net assets
+$929,117
-$552,925
-160%