Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$2,235,851
Property, Plant, & Equipment (net)
64%
Cash & Equivalents
35%
Other Assets
<1%
Inventories
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,363,312
Notes Payable / Debt (Non-Related)
80%
Related-Party Payables
19%
Other Liabilities
<1%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,304,300
$782,979
-40%
Receivables (Non-Related)
$0
$3,984
-
Related-Party Receivables
$0
$0
-
Inventories
$8,102
$6,481
-20%
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$1,481,074
$1,430,167
-3%
Other Assets
$13,506
$12,240
-9%
Total Assets
$2,806,982
$2,235,851
-20%
Liabilities
2023
2024
Change
Payables & Accruals
$14,938
$859
-94%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,147,412
$1,887,117
-12%
Related-Party Payables
$460,000
$460,000
+0%
Other Liabilities
$1,460
$15,336
+950%
Total Liabilities
$2,623,810
$2,363,312
-10%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$183,172
-$127,461
-170%