2015 Financial Statements

Statement of Financial Position
Year Ended June 30, 2015
 
Current Assets  
Cash and Cash Equivalents $64,701
Accounts Receivable (Net) $219,586
Inventory at Cost $389,019
Prepaid Expenses $27,513
Total $700,819
   
Other Assets  $20,966
   
Total Assets  $721,785
   
Current Liabilities  
Accounts Payable $15,573
Accrued Vacation and Sick Pay $42,267
Royalties and Commissions $99,717
Unearned Income $140,711
Line of Credit -$0-
Total Current Liabilities $298,268
   
Net AssetsUnrestricted $423,517 
   
Total Liabilities and Net Assets $721,785
 
 
 
   
Statement of Activities
Year Ended June 30, 2015
 
Revenues  
Net Book Sales $1,049,394
Other Publishing Income $22,334
Member Dues $242,208
Donation, Interest, and Other Income   $11,009
Total Revenues $1,324,945
   
Cost of Sales  
Cost of Books Sold $202,042
Title Subsidies $(34,000)
Inventory Write-Off $56,578
Royalties and Commissions $101,701
Total Cost of Sales $326,321
   
Gross Margin  $998,624
   
Expenses  
Editorial Expense $370,073
Production Expense $97,675
Marketing Expense $148,487
Fulfillment Expense $164,491
General and Administrative Expense $284,489
Total Expenses $1,065,215
   
Total Increase (Decrease) in Net Assets ($66,591)