Balance Sheet

Fiscal Year: 2025
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Assets in 2025 (Year End)
$39,780,753
Property, Plant, & Equipment (net)
44%
Cash & Equivalents
33%
Receivables (Non-Related)
12%
Investments
8%
Prepaid Expenses
1%
Other Assets
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$15,637,619
Notes Payable / Debt (Non-Related)
51%
Deferred Revenue
43%
Payables & Accruals
6%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$9,734,962
$13,129,896
+35%
Receivables (Non-Related)
$116,865
$4,706,787
+3928%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$707,856
$581,654
-18%
Investments
$2,965,540
$3,276,771
+10%
Property, Plant, & Equipment (net)
$15,990,982
$17,532,176
+10%
Other Assets
$787,820
$553,469
-30%
Total Assets
$30,304,025
$39,780,753
+31%
Liabilities
2024
2025
Change
Payables & Accruals
$599,827
$895,252
+49%
Grants Payable
-
-
-
Deferred Revenue
$6,657,444
$6,679,340
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$8,176,932
$8,003,841
-2%
Related-Party Payables
-
-
-
Other Liabilities
$52,857
$59,186
+12%
Total Liabilities
$15,487,060
$15,637,619
+1%
Net assets
2024
2025
Change
Restricted Net Assets
$3,423,936
$9,326,169
+172%
Unrestricted Net Assets
$11,393,029
$14,816,965
+30%
Net assets
2024
2025
Change
Net assets
+$14,816,965
+$24,143,134
+63%