Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$17,719,378
Cash & Equivalents
36%
Property, Plant, & Equipment (net)
34%
Receivables (Non-Related)
17%
Other Assets
8%
Inventories
3%
Prepaid Expenses
1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,099,912
Payables & Accruals
56%
Deferred Revenue
15%
Notes Payable / Debt (Non-Related)
14%
Other Liabilities
12%
Tax-Exempt Bond Liabilities
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,649,666
$6,345,285
+36%
Receivables (Non-Related)
$3,078,513
$3,028,364
-2%
Related-Party Receivables
-
-
-
Inventories
$556,463
$578,310
+4%
Prepaid Expenses
$233,497
$196,887
-16%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,786,631
$6,087,088
+61%
Other Assets
$383,600
$1,483,444
+287%
Total Assets
$12,688,370
$17,719,378
+40%
Liabilities
2023
2024
Change
Payables & Accruals
$1,420,687
$2,285,567
+61%
Grants Payable
-
-
-
Deferred Revenue
$939,913
$634,713
-32%
Tax-Exempt Bond Liabilities
$175,000
$105,000
-40%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$110,842
$565,104
+410%
Related-Party Payables
-
-
-
Other Liabilities
$515,413
$509,528
-1%
Total Liabilities
$3,161,855
$4,099,912
+30%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$9,526,515
$13,619,466
+43%
Net assets
2023
2024
Change
Net assets
+$9,526,515
+$13,619,466
+43%