FREEDOM READS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$13,192,974
Cash & Equivalents
71%
Other Assets
12%
Receivables (Non-Related)
9%
Property, Plant, & Equipment (net)
5%
Inventories
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,492,852
Other Liabilities
81%
Payables & Accruals
17%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,170,276
$9,304,191
+30%
Receivables (Non-Related)
$5,913,862
$1,158,872
-80%
Related-Party Receivables
-
-
-
Inventories
$437,078
$394,805
-10%
Prepaid Expenses
$44,735
$51,157
+14%
Investments
$24,149
-
-
Property, Plant, & Equipment (net)
$754,536
$719,396
-5%
Other Assets
$1,301,036
$1,564,553
+20%
Total Assets
$15,645,672
$13,192,974
-16%
Liabilities
2023
2024
Change
Payables & Accruals
$183,656
$260,488
+42%
Grants Payable
-
-
-
Deferred Revenue
-
$25,000
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,312,234
$1,207,364
-8%
Total Liabilities
$1,495,890
$1,492,852
0%
Net assets
2023
2024
Change
Restricted Net Assets
$6,312,112
$1,456,971
-77%
Unrestricted Net Assets
$7,837,670
$10,243,151
+31%
Net assets
2023
2024
Change
Net assets
+$14,149,782
+$11,700,122
-17%
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