Statement of Financial Position
Assets
Cash
$535,606
Accounts receivable, net
$9,223,826
Prepaid expenses and inventories
$15,460
Total current assets
$5,993,353
Property and Equipment
$22,914
(net of Accumulated depreciation of $76,559)
Total assets
$9,807,572
Liabilities and net assets
Accounts payable
$8,296,247
Deferred Contract Revenue
$0
Accrued expense
$94,419
Total liabilities
$1,416,909
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
$51,482
Total current assets
$10,690,121
Property and Equipment
$34,742
(net of Accumulated depreciation of $73,366.19)
Total assets
$10,724,863
Liabilities and net assets
Accounts payable
$9,492,758
Deferred Contract Revenue
$0
Accrued expense
$106,135
Total liabilities
$9,598,893
Net Assets
$1,125,970
Unrestricted
Total net assets
$1,125,970
Total liabilities and net assets
$10,724,863
Assets
Cash
$488,713
Accounts receivable, net
$5,489,180
Prepaid expenses and inventories
$15,460
Total current assets
$5,993,353
Property and Equipment
$22,914
(net of Accumulated depreciation of $76,559)
Total assets
$6,016,267
Liabilities and net assets
Accounts payable
$5,127,223
Accrued liabilities
$73,315
Total liabilities
$5,202,538
Net Assets
$813,729
Unrestricted