KTA Statement of Assets, Liabilities, and Net Assets - Income Tax Basis

September 30, 2012 and 2013

 

 

ASSETS 2013 2012
     
Current Assets    
Cash $123,142.00 $111,279.00
Investments - $20,388.00
Accounts Receivable $3,214.00 $3,790.00
Inventory $28,089.00 $25,942.00
Total Current Assets $154,445.00 $161,399.00
Property and Equipment $200.00 $255.00
TOTAL ASSETS $154,645.00 $161,654.00
     
LIABILITIES AND NET ASSETS    
     
Current Liabilities    
Accounts Payable $325.00 $598.00
Payroll Tax Liabilities $2,202.00 $2,080.00
Accrued Payroll $5,351.00 $5,474.00
Credit Card Payable $207.00 $89.00
Deferred Revenue $2,000.00 $5,055.00
Sales Tax Payable $67.00 $48.00
Total Current Liabilities $10,152.00 $13,344.00
Net Assets Unrestricted $144,493.00 $148,310.00
TOTAL LIABILITIES & NET ASSETS $154,645.00 $161,654.00