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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,643 $ 1,724
Accounts receivable, net of allowance for doubtful accounts 2,508 1,767
Current portion of consumer loans 5,167 5,994
Current portion of notes receivable from mobile home parks (“MHP”) 12,768 10,969
Current portion of other notes receivable 2,574 428
Inventories 27,852 27,228
Prepaid expenses and other current assets 3,158 4,857
Total current assets 55,670 52,967
Property, plant and equipment, net 22,445 21,038
Consumer loans, net of deferred financing fees and allowance for loan losses 103,406 99,048
Notes receivable from mobile home parks (“MHP”) 116,842 81,375
Other notes receivable, net of allowance for loan losses 13,088 13,050
Other assets 6,789 4,212
Inventory non-current 10,140 11,930
Total assets 328,380 283,620
Current liabilities:    
Accounts payable 4,762 5,168
Accrued liabilities 12,603 8,808
Customer deposits 2,469 1,567
Escrow liability 8,305 7,530
Line of credit   28,860
Total current liabilities 28,139 51,933
Long-term liabilities:    
Lines of credit 43,820 2,001
Deferred income taxes 1,766 1,766
Dealer incentive liability 5,998 5,531
Total liabilities 79,723 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 September 30, 2020 and December 31, 2019, respectively 25 25
Treasury stock at cost, 445,065 and 300,000 shares at September 30, 2020 and December 31, 2019, respectively (4,477) (3,060)
Additional paid-in-capital 175,244 175,067
Retained earnings 77,865 50,357
Total stockholders' equity 248,657 222,389
Total liabilities and stockholders' equity $ 328,380 $ 283,620