Financials
Statement of financial position
September 30, 2014
2014 | 2013 | |
---|---|---|
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 |