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