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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,233 $ 2,818
Held to maturity securities 8,452 8,412
Accounts receivable, net 3,985 4,873
Current portion of contracts - dealer financed 30,447 29,441
Current portion of consumer loans receivable 6,893 6,801
Current portion of notes receivable from mobile home parks ("MHP") 9,906 9,670
Current portion of other notes receivable 8,608 8,927
Inventories 32,527 32,075
Prepaid expenses and other current assets 3,729 4,064
Total current assets 107,780 107,081
Contracts - dealer financed, net 1,518 595
Consumer loans receivable, net 134,423 132,208
Notes receivable from MHP, net 144,431 133,072
Other notes receivable, net 16,364 13,795
Inventories, net 7,242 6,987
Other assets - leased mobile homes 8,073 8,824
ROU assets - operating leases 2,503 2,663
Other assets 2,020 1,482
Property, plant and equipment, net 30,597 30,106
Total assets 454,951 436,813
Current liabilities:    
Accounts payable 3,880 4,549
Accrued liabilities 17,673 16,895
Customer deposits 7,346 9,715
Escrow liability 9,272 9,653
Operating lease obligation 652 650
Line of credit 7,838  
Total current liabilities 46,661 41,462
Long-term liabilities:    
Operating lease obligation, less current portion 1,959 2,121
Lines of credit   2,545
Deferred income taxes, net 2,862 3,065
Dealer incentive liability 5,596 5,516
Total liabilities 57,078 54,709
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; 24,823,266 and 24,814,695 issued and 24,378,201 and 24,369,630 outstanding at March 31, 2023 and December 31, 2022, respectively 30 30
Treasury stock at cost, 445,065 shares at March 31, 2023 and December 31, 2022 (4,477) (4,477)
Additional paid-in-capital 180,746 180,555
Retained earnings 221,574 205,996
Total stockholders' equity 397,873 382,104
Total liabilities and stockholders' equity $ 454,951 $ 436,813