XML 57 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,717 $ 1,724
Accounts receivable, net of allowance for doubtful accounts 3,171 1,767
Current portion of consumer loans 6,138 5,994
Current portion of notes receivable from mobile home parks (“MHP”) 9,454 10,969
Current portion of other notes receivable 545 428
Inventories 31,523 27,228
Prepaid expenses and other current assets 3,429 4,857
Total current assets 57,977 52,967
Property, plant and equipment, net 21,124 21,038
Consumer loans, net of deferred financing fees and allowance for loan losses 99,448 99,048
Notes receivable from mobile home parks (“MHP”) 93,827 81,375
Other notes receivable, net of allowance for loan losses 13,064 13,050
Other assets 4,722 4,212
Inventory non-current 11,456 11,930
Total assets 301,618 283,620
Current liabilities:    
Accounts payable 3,464 5,168
Accrued liabilities 11,818 8,808
Customer deposits 2,228 1,567
Escrow liability 6,964 7,530
Line of credit   28,860
Total current liabilities 24,474 51,933
Long-term liabilities:    
Lines of credit 39,027 2,001
Deferred income taxes 1,766 1,766
Dealer incentive liability 5,522 5,531
Total liabilities 70,789 61,231
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $.001 par value, 10,000,000 shares authorized: issued -0-
Common stock, $.001 par value, 90,000,000 shares authorized; 24,637,222 and 24,620,079 issued and 24,274,279 and 24,320,079 outstanding at March 31, 2020 and December 31, 2019, respectively 25 25
Treasury stock at cost, 362,943 and 300,000 shares at March 31, 2020 and December 31, 2019, respectively (3,742) (3,060)
Additional paid-in-capital 175,164 175,067
Retained earnings 59,382 50,357
Total stockholders' equity 230,829 222,389
Total liabilities and stockholders' equity $ 301,618 $ 283,620