XML 85 R23.htm IDEA: XBRL DOCUMENT v3.20.1
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2019
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

16. RELATED PARTY TRANSACTIONS

Bell Mobile Homes, a retailer owned by one of the Company’s significant shareholders, purchases manufactured homes from the Company. Accounts receivable balances due from Bell Mobile Homes were $549 and $414 as of December 31, 2019 and 2018, respectively. Accounts payable balances due to Bell Mobile Homes for maintenance and related services were $74 and $123 as of December 31, 2019 and 2018, respectively. Home sales to Bell Mobile Homes were $4,533 and $3,640 for the years ended December 31, 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 an affiliate was $47 for the year ended December 31, 2018. On October 18, 2018, this note payable was paid in full. 

At December 31, 2018, the Company had a receivable of $375 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 December 31, 2018. In September, 2019, this receivable was paid in full by the principal shareholder through a non-cash exchange of property.