Financials

Statement of financial position

September 30, 2014

20142013
Assets
Current Assets
Cash and cash equivalents$841,455$396,343
Accounts receivable, less allowance for uncollectible accounts of $1,089,125 in 2013 and $781,379 in 2012.$3,687,806$2,591,271
Other receivables$376,806$505,942
Inventory and prepaid expenses$498,766$378,420
Due from third-party reimbursement agencies($400,075)($320,000)
Total current assets$5,004,725$3,551,976
Property, plant, and equipment
Land$389,310$44,500
Buildings and leasehold improvements$9,510,283$9,869,907
Equipment$1,808,519$3,621,794
Vehicles$526,573$427,755
$12,234,685$13,963,956
Accumulated depreciation and amortization($6,160,501)($7,499,869)
$6,074,184$6,464,087
Construction in process
Net property, plant, and equipment$6,074,184$6,464,087
Funds held in trust by others
Other assets – Due from Affiliates and other related parties$374,891$185,557
$11,453,799$10,201,620
Liabilities and net assets
Current liabilities:
Accounts payable and other accrued expenses$2,236,125$2,744,414
Payroll-related accruals$893,787$1,206,396
Due to affiliated corporation$1,379,136$456,520
Current portion of long-term debt$88,522$59,763
Total current liabilities$4,597,569$4,467,093
Accrued pension liability
Other liabilities
Long-term debt, less current portion$35,428
Net assets:
Unrestricted$5,296,955$4,003,228
Temporarily restricted$1,523,848$1,731,299
$6,820,802$5,734,527
$11,453,799$10,201,620