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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,024 $ 1,724
Accounts receivable, net of allowance for doubtful accounts 1,451 1,767
Current portion of consumer loans 5,070 5,994
Current portion of notes receivable from mobile home parks (“MHP”) 11,795 10,969
Current portion of other notes receivable 582 428
Inventories 26,377 27,228
Prepaid expenses and other current assets 3,205 4,857
Total current assets 49,504 52,967
Property, plant and equipment, net 21,320 21,038
Consumer loans, net of deferred financing fees and allowance for loan losses 102,166 99,048
Notes receivable from mobile home parks (“MHP”) 108,274 81,375
Other notes receivable, net of allowance for loan losses 13,058 13,050
Other assets 5,346 4,212
Inventory non-current 12,516 11,930
Total assets 312,184 283,620
Current liabilities:    
Accounts payable 2,607 5,168
Accrued liabilities 15,219 8,808
Customer deposits 1,738 1,567
Escrow liability 7,548 7,530
Line of credit   28,860
Total current liabilities 27,112 51,933
Long-term liabilities:    
Lines of credit 37,535 2,001
Deferred income taxes 1,766 1,766
Dealer incentive liability 5,601 5,531
Total liabilities 72,014 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 24,192,157 and 24,320,079 outstanding at June 30, 2020 and December 31, 2019, respectively 25 25
Treasury stock at cost, 445,065 and 300,000 shares at June 30, 2020 and December 31, 2019, respectively (4,477) (3,060)
Additional paid-in-capital 175,200 175,067
Retained earnings 69,422 50,357
Total stockholders' equity 240,170 222,389
Total liabilities and stockholders' equity $ 312,184 $ 283,620