2014 Financial Statements

Statement of Financial Position
Year Ended June 30, 2014
 
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
 
 
 
   
Statement of Activities
Year Ended June 30, 2014
 
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)