Statement of Financial Position
Assets
Cash
$848,785
Accounts receivable, net
$13,900,037
Prepaid expenses and inventories
$99,044
Total current assets
$14,847,866
Property and Equipment
$26,792
(net of Accumulated depreciation of $64,818)
Total assets
$14,874,658
Liabilities and net assets
Accounts payable
$13,027,164
Accrued liabilities
$98,480
Total liabilities
$13,125,644
Net Assets
$1,749,014
Unrestricted
Total net assets
$1,749,014
Total liabilities and net assets
$14,874,658
Assets
Cash
$535,606
Accounts receivable, net
$9,223,826
Prepaid expenses and inventories
$24,935
Total current assets
$9,784,267
Property and Equipment
$23,305
(net of Accumulated depreciation of $55,683)
Total assets
$9,807,572
Liabilities and net assets
Accounts payable
$8,296,247
Deferred Contract Revenue
$0
Accrued expense
$94,419
Total liabilities
$8,390,666
Net Assets
$1,416,909
Unrestricted
Total net assets
$1,416,909
Total liabilities and net assets
$9,807,572
Assets
Cash
$89,257
Accounts receivable, net
$10,548,415
Prepaid expenses and inventories
$52,449
Total current assets
$10,690,121
Property and Equipment
$34,742
(net of Accumulated depreciation of $83,974)
Total assets
$10,724,863
Liabilities and net assets
Accounts payable
$9,492,758
Accrued expense
$106,135
Total liabilities
$9,598,893
Net Assets
$1,125,970
Unrestricted