Balance Sheet

Fiscal Year: 2024
Assets in 2024 (Year End)
$17,140,496
Cash & Equivalents
45%
Inventories
25%
Receivables (Non-Related)
18%
Other Assets
5%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
2%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,830,362
Deferred Revenue
55%
Payables & Accruals
17%
Notes Payable / Debt (Non-Related)
15%
Other Liabilities
13%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,284,370
$7,781,468
-6%
Receivables (Non-Related)
$3,160,712
$3,151,497
0%
Related-Party Receivables
$0
$0
-
Inventories
$2,963,880
$4,214,247
+42%
Prepaid Expenses
$166,855
$384,766
+131%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$690,154
$713,151
+3%
Other Assets
$1,632,007
$895,367
-45%
Total Assets
$16,897,978
$17,140,496
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$1,365,281
$1,169,232
-14%
Grants Payable
$0
$0
-
Deferred Revenue
$6,678,391
$3,763,324
-44%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$1,003,878
$1,000,000
0%
Related-Party Payables
$0
$0
-
Other Liabilities
$1,631,426
$897,806
-45%
Total Liabilities
$10,678,976
$6,830,362
-36%
Net assets
2023
2024
Change
Restricted Net Assets
$2,725,276
$2,271,171
-17%
Unrestricted Net Assets
$3,493,726
$8,038,963
+130%
Net assets
2023
2024
Change
Net assets
+$6,219,002
+$10,310,134
+66%