Current Assets | |
Cash and Cash Equivalents | $52,242 |
Accounts Receivable (Net) | $290,939 |
Inventory at Cost | $382,062 |
Prepaid Expenses | $37,211 |
Total | $762,454 |
Other Assets | $42,341 |
Total Assets | $804,795 |
Current Liabilities | |
Accounts Payable | $22,281 |
Accrued Vacation and Sick Pay | $38,251 |
Royalties and Comissions | $103,411 |
Unearned Income | $130,827 |
Line of Credit | -$0- |
Total Current Liabilities | $294,770 |
Net Assets—Unrestricted | $510,025 |
Total Liabilities and Net Assets | $804,795 |
Revenues | |
Net Book Sales | $989,734 |
Other Publishing Income | $39,362 |
Member Dues | $219,400 |
Donation, Interest, and Other Income | $1,370 |
Total Revenues | $1,249,866 |
Cost of Sales | |
Cost of Books Sold | $204,324 |
Title Subsidies | ($36,500) |
Inventory Write-Off | $39,004 |
Royalties and Commissions | $133,971 |
Total Cost of Sales | $340,799 |
Gross Margin | $909,067 |
Expenses | |
Editorial Expense | $290,235 |
Production Expense | $88,715 |
Marketing Expense | $117,343 |
Fulfillment Expense | $154,570 |
General and Administrative | $263,500 |
Total Expenses | $914,363 |
Total Increase (Decrease) in Net Assets | ($5,296) |