XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 11,268 $ 1,042
Accounts receivable, net 5,472 5,118
Current portion of contracts - dealer financed 8,603 3,496
Current portion of consumer loans receivable 6,562 6,080
Current portion of notes receivable from mobile home parks ("MHP") 8,944 10,049
Current portion of other notes receivable 9,577 21,070
Inventories 48,508 41,230
Prepaid expenses and other current assets 4,205 4,456
Total current assets 103,139 92,541
Contracts - dealer financed 2,123  
Consumer loans receivable, net 127,888 119,543
Notes receivable from mobile home parks ("MHP") 122,706 92,943
Other notes receivable, net 12,489 20,930
Inventories, net 5,494 2,678
Other assets - leased mobile homes 9,841 9,419
ROU assets - operating leases 2,916  
Other assets 1,642 1,097
Property, plant and equipment, net 29,927 27,516
Total assets 418,165 366,667
Current liabilities:    
Accounts payable 4,099 4,155
Accrued liabilities 17,746 20,686
Customer deposits 12,240 7,749
Escrow liability 10,572 9,350
Operating lease obligation 668  
Total current liabilities 45,325 41,940
Long term liabilities:    
Operating lease obligation, less current portion 2,356  
Lines of credit   7,993
Deferred income taxes, net 3,004 3,004
Dealer incentive liability 5,255 4,336
Total liabilities 55,940 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 September 30, 2022 and December 31, 2021, respectively 30 25
Treasury stock at cost, 445,065 shares at September 30, 2022 and December 31, 2021 (4,477) (4,477)
Additional paid-in-capital 180,361 175,623
Retained earnings 186,311 138,223
Total stockholders' equity 362,225 309,394
Total liabilities and stockholders' equity $ 418,165 $ 366,667