Balance Sheet

Fiscal Year: 2024
Assets in 2024 (Year End)
$2,485,648
Property, Plant, & Equipment (net)
48%
Inventories
25%
Cash & Equivalents
8%
Other Assets
8%
Prepaid Expenses
7%
Receivables (Non-Related)
4%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$510,004
Notes Payable / Debt (Non-Related)
94%
Payables & Accruals
3%
Related-Party Payables
2%
Other Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$414,894
$208,896
-50%
Receivables (Non-Related)
$360,982
$100,000
-72%
Related-Party Receivables
-
-
-
Inventories
$405,000
$625,505
+54%
Prepaid Expenses
-
$169,554
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,228,873
$1,188,652
-3%
Other Assets
$10,797
$193,041
+1688%
Total Assets
$2,420,546
$2,485,648
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$263,426
$15,897
-94%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$490,868
$479,516
-2%
Related-Party Payables
$478,432
$12,313
-97%
Other Liabilities
-
$2,278
-
Total Liabilities
$1,232,726
$510,004
-59%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,187,820
$1,975,644
+66%
Net assets
2023
2024
Change
Net assets
+$1,187,820
+$1,975,644
+66%