Balance Sheet

Fiscal Year: 2024
Jul 1, 2023 – Jun 30, 2024
Assets in 2024 (Year End)
$20,732,929
Inventories
37%
Property, Plant, & Equipment (net)
23%
Cash & Equivalents
18%
Receivables (Non-Related)
14%
Other Assets
7%
Prepaid Expenses
<1%
Investments
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$17,599,378
Notes Payable / Debt (Non-Related)
50%
Related-Party Payables
26%
Deferred Revenue
16%
Payables & Accruals
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,279,899
$3,778,406
-48%
Receivables (Non-Related)
$1,438,735
$2,895,599
+101%
Related-Party Receivables
-
-
-
Inventories
$6,122,838
$7,757,810
+27%
Prepaid Expenses
$165,654
$115,784
-30%
Investments
$221,700
$365
-100%
Property, Plant, & Equipment (net)
$4,459,397
$4,813,935
+8%
Other Assets
$1,371,030
$1,371,030
+0%
Total Assets
$21,059,253
$20,732,929
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,065,429
$1,312,790
+23%
Grants Payable
-
-
-
Deferred Revenue
$6,333,696
$2,866,341
-55%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,396,631
$8,848,758
+38%
Related-Party Payables
$4,972,029
$4,571,489
-8%
Other Liabilities
-
-
-
Total Liabilities
$18,767,785
$17,599,378
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$594,215
$419,713
-29%
Unrestricted Net Assets
$1,697,253
$2,713,838
+60%
Net assets
2023
2024
Change
Net assets
+$2,291,468
+$3,133,551
+37%