GULF SPECIMEN MARINE LABORATORIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,073,414
Property, Plant, & Equipment (net)
69%
Other Assets
23%
Cash & Equivalents
5%
Receivables (Non-Related)
3%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$391,181
Other Liabilities
67%
Payables & Accruals
19%
Notes Payable / Debt (Non-Related)
15%
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
$148,242
$96,067
-35%
Receivables (Non-Related)
$61,599
$57,956
-6%
Related-Party Receivables
-
-
-
Inventories
$9,480
$14,868
+57%
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,326,990
$1,435,004
+8%
Other Assets
$137,343
$469,519
+242%
Total Assets
$1,683,654
$2,073,414
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$26,021
$72,874
+180%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$36,042
$57,340
+59%
Related-Party Payables
-
-
-
Other Liabilities
$192,332
$260,967
+36%
Total Liabilities
$254,395
$391,181
+54%
Net assets
2023
2024
Change
Restricted Net Assets
$65,520
$21,451
-67%
Unrestricted Net Assets
$1,363,739
$1,660,782
+22%
Net assets
2023
2024
Change
Net assets
+$1,429,259
+$1,682,233
+18%
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