Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$29,939,155
Receivables (Non-Related)
64%
Cash & Equivalents
27%
Inventories
7%
Property, Plant, & Equipment (net)
2%
Other Assets
<1%
Investments
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$16,569,771
Notes Payable / Debt (Non-Related)
98%
Payables & Accruals
2%
Other Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,065,864
$7,982,554
-1%
Receivables (Non-Related)
$15,306,017
$19,212,363
+26%
Related-Party Receivables
-
-
-
Inventories
$3,071,976
$2,002,987
-35%
Prepaid Expenses
$25,514
$11,728
-54%
Investments
$27,219
$52,457
+93%
Property, Plant, & Equipment (net)
$641,205
$611,422
-5%
Other Assets
$128,451
$65,644
-49%
Total Assets
$27,266,246
$29,939,155
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$134,012
$291,490
+118%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$15,590,050
$16,214,767
+4%
Related-Party Payables
-
-
-
Other Liabilities
$126,321
$63,514
-50%
Total Liabilities
$15,850,383
$16,569,771
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$13,202
$0
-100%
Unrestricted Net Assets
$11,402,661
$13,369,384
+17%
Net assets
2023
2024
Change
Net assets
+$11,415,863
+$13,369,384
+17%