27
2016 Annual Report
ASSETS
FY 2016
FY 2015
Current Assets
Cash & Cash Equivalents
$ 979,924
$ 770,228
Accounts Receivable
134,425
107,452
Inventory
507,044
522,749
Total Current Assets
1,621,393
1,400,429
Property & Equipment
Equipment
231,050
226,084
Less: Accumulated Depreciation
(190,837)
(167,735)
Total Property & Equipment
40,213
58,349
Total Assets
1,661,606
1,458,778
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable & Accrued Expenses
9,749
11,697
Accrued Payroll Liabilities
22,478
16,454
Total Liabilities
32,227
28,151
Equity
Unrestricted Assets
1,615,582
1,411,825
Restricted Assets: Weiss Literacy
Legacy Fund
13,797
18,802
Total Equity
1,629,379
1,430,627
Total Liabilities & Equity Net Income
1,661,606
1,458,778
Balance
Sheet