Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$29,224,814
Property, Plant, & Equipment (net)
49%
Inventories
28%
Receivables (Non-Related)
16%
Investments
3%
Cash & Equivalents
2%
Other Assets
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$10,845,948
Tax-Exempt Bond Liabilities
60%
Notes Payable / Debt (Non-Related)
19%
Payables & Accruals
15%
Other Liabilities
7%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,894,033
$447,615
-85%
Receivables (Non-Related)
$4,412,049
$4,633,659
+5%
Related-Party Receivables
-
-
-
Inventories
$5,758,781
$8,135,485
+41%
Prepaid Expenses
$230,088
$231,423
+1%
Investments
$1,294,410
$958,195
-26%
Property, Plant, & Equipment (net)
$15,163,395
$14,424,479
-5%
Other Assets
$53,335
$393,958
+639%
Total Assets
$29,806,091
$29,224,814
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,978,539
$1,602,092
-19%
Grants Payable
-
-
-
Deferred Revenue
$9,141
$2,799
-69%
Tax-Exempt Bond Liabilities
-
$6,456,000
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,470,319
$2,068,900
-68%
Related-Party Payables
-
-
-
Other Liabilities
$1,031,798
$716,157
-31%
Total Liabilities
$9,489,797
$10,845,948
+14%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$20,316,294
$18,378,866
-10%
Net assets
2023
2024
Change
Net assets
+$20,316,294
+$18,378,866
-10%