I AM BOUNDLESS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$22,236,678
Receivables (Non-Related)
64%
Cash & Equivalents
21%
Property, Plant, & Equipment (net)
14%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,929,787
Payables & Accruals
84%
Deferred Revenue
11%
Other Liabilities
4%
Custodial & Escrow Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,302,796
$4,732,506
+263%
Receivables (Non-Related)
$8,896,524
$14,281,140
+61%
Related-Party Receivables
$0
-
-
Inventories
$0
-
-
Prepaid Expenses
$101,127
$129,811
+28%
Investments
$0
-
-
Property, Plant, & Equipment (net)
$3,640,469
$3,009,963
-17%
Other Assets
$4,902,092
$83,258
-98%
Total Assets
$18,843,008
$22,236,678
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$5,446,128
$5,804,778
+7%
Grants Payable
$0
-
-
Deferred Revenue
$347,763
$766,247
+120%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$199,039
$83,258
-58%
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
-
-
Other Liabilities
$0
$275,504
-
Total Liabilities
$5,992,930
$6,929,787
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$1,080,767
$951,868
-12%
Unrestricted Net Assets
$11,769,311
$14,355,023
+22%
Net assets
2023
2024
Change
Net assets
+$12,850,078
+$15,306,891
+19%
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