INNOVATION PORTAL INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$8,757,842
Property, Plant, & Equipment (net)
75%
Cash & Equivalents
22%
Other Assets
2%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,497,552
Deferred Revenue
89%
Notes Payable / Debt (Non-Related)
7%
Payables & Accruals
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$554,594
$1,955,787
+253%
Receivables (Non-Related)
$6,376
$1,900
-70%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$14,166
$73,373
+418%
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,526,661
$6,533,607
+0%
Other Assets
-
$193,175
-
Total Assets
$7,101,797
$8,757,842
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$47,387
$55,648
+17%
Grants Payable
-
-
-
Deferred Revenue
$2,393
$1,337,610
+55797%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$17,689
$104,294
+490%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$67,469
$1,497,552
+2120%
Net assets
2023
2024
Change
Restricted Net Assets
$6,606,984
$6,825,817
+3%
Unrestricted Net Assets
$427,344
$434,473
+2%
Net assets
2023
2024
Change
Net assets
+$7,034,328
+$7,260,290
+3%
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