Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$28,132,495
Property, Plant, & Equipment (net)
84%
Receivables (Non-Related)
9%
Cash & Equivalents
7%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,437,207
Payables & Accruals
54%
Notes Payable / Debt (Non-Related)
40%
Related-Party Payables
6%
Other Liabilities
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,439,197
$2,051,033
-40%
Receivables (Non-Related)
$5,831,030
$2,449,849
-58%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$65,803
$51,751
-21%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$16,059,885
$23,511,993
+46%
Other Assets
$118,771
$67,869
-43%
Total Assets
$25,514,686
$28,132,495
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$1,060,903
$3,448,052
+225%
Grants Payable
-
-
-
Deferred Revenue
$460,214
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,774,377
$2,555,133
+44%
Related-Party Payables
$360,834
$360,834
+0%
Other Liabilities
$153,376
$73,188
-52%
Total Liabilities
$3,809,704
$6,437,207
+69%
Net assets
2023
2024
Change
Restricted Net Assets
$9,896,438
$10,718,740
+8%
Unrestricted Net Assets
$11,808,544
$10,976,548
-7%
Net assets
2023
2024
Change
Net assets
+$21,704,982
+$21,695,288
0%