Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$9,440,813
Property, Plant, & Equipment (net)
56%
Cash & Equivalents
16%
Receivables (Non-Related)
12%
Inventories
11%
Other Assets
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,064,589
Deferred Revenue
45%
Payables & Accruals
26%
Other Liabilities
18%
Notes Payable / Debt (Non-Related)
10%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,191,786
$1,485,354
-32%
Receivables (Non-Related)
$1,322,878
$1,121,919
-15%
Related-Party Receivables
-
-
-
Inventories
$637,393
$995,063
+56%
Prepaid Expenses
$37,789
$21,579
-43%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,105,226
$5,332,312
+72%
Other Assets
$330,168
$484,586
+47%
Total Assets
$7,625,240
$9,440,813
+24%
Liabilities
2023
2024
Change
Payables & Accruals
$664,571
$540,518
-19%
Grants Payable
-
-
-
Deferred Revenue
$247,550
$938,708
+279%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$143,708
$206,541
+44%
Related-Party Payables
-
-
-
Other Liabilities
$307,034
$378,822
+23%
Total Liabilities
$1,362,863
$2,064,589
+51%
Net assets
2023
2024
Change
Restricted Net Assets
$245,849
$245,849
+0%
Unrestricted Net Assets
$6,016,528
$7,130,375
+19%
Net assets
2023
2024
Change
Net assets
+$6,262,377
+$7,376,224
+18%