2016 Financial Statements

Statement of Financial Position
Year Ended June 30, 2016
 
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
 
 
 
   
Statement of Activities
Year Ended June 30, 2016
 
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)