Current Assets | |
Cash and Cash Equivalents | $35,772 |
Accounts Receivable (Net) | $322,592 |
Inventory at Cost | $393,644 |
Prepaid Expenses | $22,083 |
Total | $774,091 |
Other Assets | $25,000 |
Total Assets | $799,091 |
Current Liabilities | |
Accounts Payable | $52,304 |
Accrued Vacation and Sick Pay | $48,728 |
Royalties and Commissions | $125,790 |
Unearned Income | $131,140 |
Line of Credit | $35,000 |
Total Current Liabilities | $392,962 |
Net Assets—Unrestricted | $406,129 |
Total Liabilities and Net Assets | $799,091 |
Revenues | |
Net Book Sales | $1,103,544 |
Other Publishing Income | $17,325 |
Member Dues | $250,199 |
Donation, Interest, and Other Income | $61,137 |
Total Revenues | $1,432,205 |
Cost of Sales | |
Cost of Books Sold | $224,534 |
Title Subsidies | $(68,979) |
Inventory Write-Off | $34,729 |
Royalties and Commissions | $132,098 |
Total Cost of Sales | $322,382 |
Gross Margin | $1,109,823 |
Expenses | |
Editorial Expense | $384,446 |
Production Expense | $109,207 |
Marketing Expense | $169,347 |
Fulfillment Expense | $178,017 |
General and Administrative Expense | $286,194 |
Total Expenses | $1,127,211 |
Total Increase (Decrease) in Net Assets | ($17,388) |