Page 4 - BARC 2017-2018 Annual Report
P. 4
Financial Highlights
For the 12 months ending June 30, 2018
Statement of Financial Position
Current Assets
Cash and cash equivalents $ 57,607
Accounts Receivable, less doubtful accounts 2,698,585
Grants and other receivables 1,042,492
Inventory 102,587
Prepaid expenses 129,627
Total Current Assets 4,030,898
Restricted Cash 16,094
Property and equipment, net 5,752,548
Intangible assets, net 3,718
Total Assets $ 9,803,258
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts payable & accrued expenses $ 1,013,416
Current maturities of long-term debt 336,914
Deferred revenue and other liabilities 403,440
Total Current Liabilities 1,753,770
Long-term debt, less current maturities 1,144,329
Other long-term liabilities 14,304
Total long-term liabilities 1 ,158,633
Total Liabilities 2,912,403
Net assets
Unrestricted 5,557,901
Temporarily restricted 1,332,954
Total Net Assets 6,890,855
Total Liabilities and Net Assets $ 9,803,258
