Balance Sheet

Fiscal Year: 2025
Jul 1, 2024 – Jun 30, 2025
Assets in 2025 (Year End)
$27,187,132
Property, Plant, & Equipment (net)
61%
Inventories
20%
Cash & Equivalents
9%
Receivables (Non-Related)
9%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2025 (Year End)
$8,153,959
Deferred Revenue
65%
Notes Payable / Debt (Non-Related)
33%
Other Liabilities
1%
Payables & Accruals
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,252,329
$2,482,476
+98%
Receivables (Non-Related)
$1,600,697
$2,329,244
+46%
Related-Party Receivables
-
-
-
Inventories
$3,978,463
$5,521,246
+39%
Prepaid Expenses
$74,922
$66,497
-11%
Investments
-
-
-
Property, Plant, & Equipment (net)
$14,157,439
$16,699,519
+18%
Other Assets
$114,959
$88,150
-23%
Total Assets
$21,178,809
$27,187,132
+28%
Liabilities
2024
2025
Change
Payables & Accruals
$181,783
$93,420
-49%
Grants Payable
-
-
-
Deferred Revenue
$4,575,775
$5,297,470
+16%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,987,370
$2,669,268
+34%
Related-Party Payables
-
-
-
Other Liabilities
$120,611
$93,801
-22%
Total Liabilities
$6,865,539
$8,153,959
+19%
Net assets
2024
2025
Change
Restricted Net Assets
$11,713,466
$13,922,015
+19%
Unrestricted Net Assets
$2,599,804
$5,111,158
+97%
Net assets
2024
2025
Change
Net assets
+$14,313,270
+$19,033,173
+33%