Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$41,515,124
Property, Plant, & Equipment (net)
77%
Cash & Equivalents
16%
Receivables (Non-Related)
5%
Inventories
1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,457,379
Payables & Accruals
48%
Notes Payable / Debt (Non-Related)
29%
Deferred Revenue
17%
Other Liabilities
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,261,487
$6,672,055
-19%
Receivables (Non-Related)
$1,966,355
$1,986,463
+1%
Related-Party Receivables
-
-
-
Inventories
$490,880
$479,033
-2%
Prepaid Expenses
$190,599
$282,380
+48%
Investments
-
-
-
Property, Plant, & Equipment (net)
$26,357,632
$32,038,185
+22%
Other Assets
$106,068
$57,008
-46%
Total Assets
$37,373,021
$41,515,124
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$1,091,774
$3,580,470
+228%
Grants Payable
-
-
-
Deferred Revenue
$1,203,921
$1,297,337
+8%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,858,333
$2,137,783
-25%
Related-Party Payables
-
-
-
Other Liabilities
$611,957
$441,789
-28%
Total Liabilities
$5,765,985
$7,457,379
+29%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$31,607,036
$34,057,745
+8%
Net assets
2023
2024
Change
Net assets
+$31,607,036
+$34,057,745
+8%