Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$33,969,042
Property, Plant, & Equipment (net)
87%
Receivables (Non-Related)
11%
Inventories
1%
Prepaid Expenses
<1%
Other Assets
<1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$9,368,850
Notes Payable / Debt (Non-Related)
65%
Deferred Revenue
26%
Payables & Accruals
9%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$31,031
$34,153
+10%
Receivables (Non-Related)
$4,829,674
$3,649,595
-24%
Related-Party Receivables
-
-
-
Inventories
$407,408
$424,553
+4%
Prepaid Expenses
$311,782
$204,141
-35%
Investments
-
-
-
Property, Plant, & Equipment (net)
$30,800,651
$29,588,733
-4%
Other Assets
$188,759
$67,867
-64%
Total Assets
$36,569,305
$33,969,042
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$888,243
$852,872
-4%
Grants Payable
-
-
-
Deferred Revenue
$3,806,884
$2,402,777
-37%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,850,000
$6,045,383
-23%
Related-Party Payables
-
-
-
Other Liabilities
$196,635
$67,818
-66%
Total Liabilities
$12,741,762
$9,368,850
-26%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$23,827,543
$24,600,192
+3%
Net assets
2023
2024
Change
Net assets
+$23,827,543
+$24,600,192
+3%