XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED BALANCE SHEETS
د.ت in Thousands, $ in Thousands
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Current assets:    
Cash and cash equivalents $ 2,528 $ 1,042
Accounts receivable, net 6,928 5,118
Accounts receivable - dealer financed 6,715 3,496
Current portion of consumer loans receivable 6,203 6,080
Current portion of notes receivable from mobile home parks ("MHP") 8,311 10,049
Current portion of other notes receivable 26,556 21,070
Inventories 47,783 41,230
Prepaid expenses and other current assets 4,067 4,456
Total current assets 109,091 92,541
Consumer loans receivable, net 121,056 119,543
Notes receivable from mobile home parks ("MHP") 102,069 92,943
Other notes receivable, net 12,192 20,930
Inventories, net 3,738 2,678
Other assets - leased mobile homes 9,767 9,419
ROU assets - operating leases 3,258  
Other assets 1,480 1,097
Property, plant and equipment, net 28,016 27,516
Total assets 390,667 366,667
Current liabilities:    
Accounts payable 7,381 4,155
Accrued liabilities 19,998 20,686
Customer deposits 8,617 7,749
Escrow liability 9,142 9,350
Operating lease obligation 652  
Total current liabilities 45,790 41,940
Long-term liabilities:    
Operating lease obligation, less current portion 2,706  
Lines of credit 5,077 7,993
Deferred income taxes, net 3,004 3,004
Dealer incentive liability 4,597 4,336
Total liabilities 61,174 57,273
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $.001 par value, 10,000,000 shares authorized: no shares issued or outstanding
Common stock, $.001 par value, 90,000,000 shares authorized; 24,851,085 and 24,654,621 issued and 24,406,020 and 24,209,556 outstanding at March 31, 2022 and December 31, 2021, respectively 29 25
Treasury stock at cost, 445,065 shares at March 31, 2022 and December 31, 2021 (4,477) (4,477)
Additional paid-in-capital 179,626 175,623
Retained earnings 154,315 138,223
Total stockholders' equity 329,493 309,394
Total liabilities and stockholders' equity $ 390,667 $ 366,667