Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$17,656,830
Property, Plant, & Equipment (net)
71%
Receivables (Non-Related)
16%
Other Assets
9%
Cash & Equivalents
2%
Prepaid Expenses
2%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$8,606,254
Other Liabilities
41%
Deferred Revenue
27%
Notes Payable / Debt (Non-Related)
20%
Payables & Accruals
11%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$469,538
$327,466
-30%
Receivables (Non-Related)
$3,029,023
$2,777,242
-8%
Related-Party Receivables
-
-
-
Inventories
$55,616
$112,106
+102%
Prepaid Expenses
$72,202
$308,120
+327%
Investments
-
-
-
Property, Plant, & Equipment (net)
$11,138,026
$12,500,592
+12%
Other Assets
$1,825,243
$1,631,304
-11%
Total Assets
$16,589,648
$17,656,830
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$621,676
$971,207
+56%
Grants Payable
-
-
-
Deferred Revenue
$1,978,175
$2,363,138
+19%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,279,854
$1,731,448
+35%
Related-Party Payables
-
-
-
Other Liabilities
$3,577,201
$3,540,461
-1%
Total Liabilities
$7,456,906
$8,606,254
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$1,957
$1,840
-6%
Unrestricted Net Assets
$9,130,785
$9,048,736
-1%
Net assets
2023
2024
Change
Net assets
+$9,132,742
+$9,050,576
-1%