Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$20,760,322
Property, Plant, & Equipment (net)
51%
Cash & Equivalents
19%
Other Assets
18%
Receivables (Non-Related)
11%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,724,085
Deferred Revenue
52%
Other Liabilities
37%
Payables & Accruals
11%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,695,768
$4,000,736
+136%
Receivables (Non-Related)
$1,483,763
$2,243,615
+51%
Related-Party Receivables
-
-
-
Inventories
$80,659
$81,768
+1%
Prepaid Expenses
$202,051
$220,420
+9%
Investments
-
-
-
Property, Plant, & Equipment (net)
$9,845,757
$10,497,202
+7%
Other Assets
$2,308,532
$3,716,581
+61%
Total Assets
$15,616,530
$20,760,322
+33%
Liabilities
2023
2024
Change
Payables & Accruals
$340,875
$752,548
+121%
Grants Payable
-
-
-
Deferred Revenue
$1,577,219
$3,511,389
+123%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,124
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,574,171
$2,460,148
+56%
Total Liabilities
$3,493,389
$6,724,085
+92%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$12,123,141
$14,036,237
+16%
Net assets
2023
2024
Change
Net assets
+$12,123,141
+$14,036,237
+16%