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Statements of Financial Position
<br /> Page 2
<br /> 2013 2012
<br /> LIABILITIES AND NET ASSETS
<br /> CURRENT LIABILITIES
<br /> Notes payable — short-term $ 150,000 $ -
<br /> Current portion of long-term notes
<br /> 1,550,017 550,939
<br /> payable
<br /> Current portion of obligation under
<br /> capital leases 16,719 17,596
<br /> Accounts payable 789,579. 1,884,434
<br /> Retainage payable 1,495 37,485
<br /> Accrued expenses 1,190,949 872,502
<br /> Accrued vacation payable 728,311 699,798
<br /> Deferred revenue 216,780 341,876
<br /> Total Current .Liabilities 4,643,850 4,404,630
<br /> LONG-TERM LIABILITIES
<br /> Notes payable, net of current
<br /> portion 6,651,731 5,687,783
<br /> Obligations under capital leases - 16,718
<br /> Total Long-Term Liabilities 6,651,731 5,704,501
<br /> Total Liabilities 11,295;581 10,109,131
<br /> NET ASSETS
<br /> Unrestricted
<br /> Undesignated 7,012,619 7,689,469
<br /> Designated by Board of Directors
<br /> for working capital and capital
<br /> acquisitions 1,113,396 846,828
<br /> 8, 126,015 8,536,297
<br /> Temporarily restricted 977,125 780, 139
<br /> Total Net Assets ,_ 9, 103,140 9,316,436
<br /> TOTAL LIABILITIES AND NET
<br /> ASSETS $ 20,398,721 S 19,425,_567
<br /> The accompanying notes are an integral part of these financial statements.
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