Balance Sheet

Fiscal Year: 2024
Assets in 2024 (Year End)
$34,073,910
Other Assets
58%
Receivables (Non-Related)
17%
Cash & Equivalents
11%
Property, Plant, & Equipment (net)
10%
Inventories
2%
Prepaid Expenses
2%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$18,047,234
Other Liabilities
65%
Payables & Accruals
19%
Notes Payable / Debt (Non-Related)
14%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,897,585
$3,701,424
-46%
Receivables (Non-Related)
$8,368,370
$5,825,896
-30%
Related-Party Receivables
-
-
-
Inventories
$610,342
$665,370
+9%
Prepaid Expenses
$1,314,821
$557,287
-58%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,058,804
$3,452,934
+13%
Other Assets
$20,414,800
$19,870,999
-3%
Total Assets
$40,664,722
$34,073,910
-16%
Liabilities
2023
2024
Change
Payables & Accruals
$1,436,109
$3,424,865
+138%
Grants Payable
-
-
-
Deferred Revenue
$161,695
$292,911
+81%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,550,000
$2,541,733
-28%
Related-Party Payables
-
-
-
Other Liabilities
$10,643,657
$11,787,725
+11%
Total Liabilities
$15,791,461
$18,047,234
+14%
Net assets
2023
2024
Change
Restricted Net Assets
$5,000,000
$1,688,500
-66%
Unrestricted Net Assets
$19,873,261
$14,338,176
-28%
Net assets
2023
2024
Change
Net assets
+$24,873,261
+$16,026,676
-36%