XML 33 R22.htm IDEA: XBRL DOCUMENT v3.19.2
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2019
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

15. RELATED PARTY TRANSACTIONS

Bell Mobile Homes, a retailer owned by one of the Company’s significant owners, purchases manufactured homes from the Company. Accounts receivable balances due from Bell Mobile Homes were $529 and $414 as of June 30, 2019 and December 31, 2018, respectively. Accounts payable balances due to Bell Mobile Homes for maintenance and related services were $104 and $123 as of June 30, 2019 and December 31, 2018, respectively. Home sales to Bell Mobile Homes were $1,432 and $1,353 for the three months ended June 30, 2019 and 2018, respectively and $2,290 and $1,936 for the six months ended June 30, 2019 and 2018, respectively.

On February 2, 2016, the Company entered into a $1,500 note payable agreement with stated annual interest rates of 3.75% with a related party through common ownership. The note was due on demand. Interest paid on the note payable to Shipley and Sons was $28 for the six months ended June 30, 2018. On October 18, 2018, this note payable was paid in full.

At June 30, 2019, the Company has a receivable of $390 from a principal shareholder for certain business expenses related to a potential business venture.  This amount is included in the Company’s accounts receivable balance as of June 30, 2019.