NDAEB Annual Report 2019

National Dental Assisting Examining Board - Bureau national d'examen d'assistance dentaire The notes are an integral part of these financial statements. 4 Statement of Financial Position December 31 2019 2018 Assets Current Cash $ 520,196 $ 262,622 Accounts receivable 4,599 156 Prepaid expenses 24,738 31,770 549,533 294,548 Tangible capital assets (Note 3) 791,606 817,238 Intangible assets (Note 4) 6,407 6,951 $ 1,347,546 $ 1,118,737 Liabilities and Net Assets Current Accounts payable and accrued liabilities (Note 5) $ 116,278 $ 71,873 Deferred revenue 13,000 - Deferred contributions (Note 7) 23,507 - Current portion of long-term debt (Note 6) 16,047 15,205 168,832 87,078 Long-term debt (Note 6) 495,525 510,332 664,357 597,410 Contractual obligations (Note 8) Subsequent event (Note 9) Net assets Unrestricted 261,748 87,675 Internally restricted for occupational analysis 60,000 60,000 Internally restricted for litigation reserve 75,000 75,000 Invested in tangible capital and intangible assets 286,441 298,652 683,189 521,327 $ 1,347,546 $ 1,118,737 On behalf of the board: Director Director