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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 16,092 $ 10,701
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 430 368
Amortization of deferred revenue (408) 122
Provision for accounts and notes receivable 37 550
Provision for long term inventory (130) 17
Share based payment expense 4,007 44
Changes in operating assets and liabilities:    
Accounts receivable (1,843) (62)
Consumer loans activity, net (1,617) (2,542)
Notes receivable MHP activity, net (7,336) (5,038)
Inventory loan activity, net (3,249)  
Inventories (7,484) (3,502)
Prepaid expenses and other current assets 389 120
Other assets (4,058) (337)
Accounts Payable 3,035 (3,635)
Customer deposits 1,025 1,234
Escrow liability (208) 286
Dealer incentive liability 261 203
Net cash used in operating activities (1,057) (1,471)
Investing activities:    
Purchases of property, plant and equipment (863) (1,717)
Issuance of notes receivable (1,561) (5,708)
Notes receivable collections 5,046 76
Collections from purchased loans 132 1,222
Net cash provided by (used in) investing activities 2,754 (6,127)
Financing activities:    
Proceeds from other liabilities 2,706  
Proceeds from lines of credit 20,331 22,667
Payments on lines of credit (23,248) (13,429)
Net cash provided by (used in) financing activities (211) 9,238
Net increase in cash and cash equivalents 1,486 1,640
Cash and cash equivalents at beginning of period 1,042 768
Cash and cash equivalents at end of period 2,528 2,408
Supplemental disclosure of cash flow information:    
Cash paid for interest 44 206
Cash paid for taxes $ 3,064 $ 2,900