CONNECTED NATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,589,713
Cash & Equivalents
71%
Other Assets
18%
Receivables (Non-Related)
9%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$432,307
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,466,538
$3,966,370
-11%
Receivables (Non-Related)
$3,151,895
$495,518
-84%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$78,123
$70,420
-10%
Investments
-
-
-
Property, Plant, & Equipment (net)
$117,311
$74,995
-36%
Other Assets
$983,355
$982,410
0%
Total Assets
$8,797,222
$5,589,713
-36%
Liabilities
2023
2024
Change
Payables & Accruals
$1,077,434
$432,307
-60%
Grants Payable
-
-
-
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,077,434
$432,307
-60%
Net assets
2023
2024
Change
Restricted Net Assets
$684,514
$2,543
-100%
Unrestricted Net Assets
$7,035,274
$5,154,863
-27%
Net assets
2023
2024
Change
Net assets
+$7,719,788
+$5,157,406
-33%
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