FREEDOM NETWORK USA INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$609,571
Receivables (Non-Related)
63%
Cash & Equivalents
32%
Prepaid Expenses
6%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$72,622
Payables & Accruals
63%
Deferred Revenue
37%
Grants Payable
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
$253,732
$192,625
-24%
Receivables (Non-Related)
$150,433
$382,096
+154%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$60,515
$33,650
-44%
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,500
$500
-92%
Other Assets
$700
$700
+0%
Total Assets
$471,880
$609,571
+29%
Liabilities
2023
2024
Change
Payables & Accruals
$42,317
$45,542
+8%
Grants Payable
-
-
-
Deferred Revenue
$41,350
$27,080
-35%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$83,667
$72,622
-13%
Net assets
2023
2024
Change
Restricted Net Assets
-
$300,000
-
Unrestricted Net Assets
$388,213
$236,949
-39%
Net assets
2023
2024
Change
Net assets
+$388,213
+$536,949
+38%
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