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 |