Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$86,158,759
Property, Plant, & Equipment (net)
79%
Cash & Equivalents
15%
Other Assets
4%
Inventories
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$29,679,753
Notes Payable / Debt (Non-Related)
84%
Other Liabilities
10%
Payables & Accruals
6%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,824,985
$12,970,950
+90%
Receivables (Non-Related)
$678,392
$715,388
+5%
Related-Party Receivables
$0
$0
-
Inventories
$647,060
$751,760
+16%
Prepaid Expenses
$145,359
$71,812
-51%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$52,345,823
$68,094,308
+30%
Other Assets
$4,604,874
$3,554,541
-23%
Total Assets
$65,246,493
$86,158,759
+32%
Liabilities
2023
2024
Change
Payables & Accruals
$725,525
$1,866,666
+157%
Grants Payable
-
-
-
Deferred Revenue
$26,498
$32,191
+21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$20,405,990
$24,808,424
+22%
Related-Party Payables
-
-
-
Other Liabilities
$5,641,628
$2,972,472
-47%
Total Liabilities
$26,799,641
$29,679,753
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$2,191,729
$2,191,729
+0%
Unrestricted Net Assets
$36,255,123
$54,287,277
+50%
Net assets
2023
2024
Change
Net assets
+$38,446,852
+$56,479,006
+47%