LUV MICHAEL INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,640,676
Other Assets
68%
Property, Plant, & Equipment (net)
17%
Receivables (Non-Related)
12%
Cash & Equivalents
3%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,494,234
Other Liabilities
86%
Notes Payable / Debt (Non-Related)
8%
Payables & Accruals
6%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$35,872
$51,155
+43%
Receivables (Non-Related)
$10,340
$195,066
+1787%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$334,371
$277,793
-17%
Other Assets
$1,377,027
$1,116,662
-19%
Total Assets
$1,757,610
$1,640,676
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$63,240
$95,394
+51%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,676,184
$117,500
-93%
Related-Party Payables
-
-
-
Other Liabilities
-
$1,281,340
-
Total Liabilities
$1,739,424
$1,494,234
-14%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$18,186
$146,442
+705%
Net assets
2023
2024
Change
Net assets
+$18,186
+$146,442
+705%
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