Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$25,573,006
Cash & Equivalents
41%
Property, Plant, & Equipment (net)
37%
Receivables (Non-Related)
16%
Other Assets
6%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$13,322,340
Deferred Revenue
52%
Other Liabilities
32%
Payables & Accruals
15%
Notes Payable / Debt (Non-Related)
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,150,700
$10,358,148
+229%
Receivables (Non-Related)
$6,739,755
$4,056,405
-40%
Related-Party Receivables
$0
$0
-
Inventories
$0
$146,685
-
Prepaid Expenses
$236,417
$235,249
0%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$9,406,429
$9,349,431
-1%
Other Assets
$1,888,895
$1,427,088
-24%
Total Assets
$21,422,196
$25,573,006
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$1,829,247
$1,966,016
+7%
Grants Payable
-
-
-
Deferred Revenue
$4,436,413
$6,888,396
+55%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$326,678
$215,561
-34%
Related-Party Payables
-
-
-
Other Liabilities
$4,619,734
$4,252,367
-8%
Total Liabilities
$11,212,072
$13,322,340
+19%
Net assets
2023
2024
Change
Restricted Net Assets
$56,227
$1,055,254
+1777%
Unrestricted Net Assets
$10,153,897
$11,195,412
+10%
Net assets
2023
2024
Change
Net assets
+$10,210,124
+$12,250,666
+20%