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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 546 $ 2,818
Held to maturity securities   8,412
Accounts receivable, net 4,011 4,873
Current portion of contracts - dealer financed 21,044 29,441
Current portion of consumer loans receivable 7,408 6,801
Current portion of notes receivable from mobile home parks ("MHP") 15,496 9,670
Current portion of other notes receivable 6,258 8,927
Inventories 35,355 32,075
Prepaid expenses and other current assets 4,998 4,064
Total current assets 95,116 107,081
Contracts - dealer financed, net 11,388 595
Consumer loans receivable, net 143,849 132,208
Notes receivable from MHP, net 163,987 133,072
Other notes receivable, net 29,191 13,795
Inventories 6,704 6,987
Other assets - leased mobile homes 7,758 8,824
ROU assets - operating leases 1,934 2,663
Other assets 1,842 1,482
Property, plant and equipment, net 33,874 30,106
Total assets 495,643 436,813
Current liabilities:    
Accounts payable 5,945 4,549
Accrued liabilities 20,609 16,895
Customer deposits 5,876 9,715
Escrow liability 11,008 9,653
Operating lease obligations 514 650
Total current liabilities 43,952 41,462
Longterm liabilities:    
Operating lease obligations, less current portion 1,515 2,121
Lines of credit 13,013 2,545
Deferred income taxes, net 2,862 3,065
Dealer incentive liability 4,825 5,516
Total liabilities 66,167 54,709
Commitments and contingencies (Note 14)
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; 24,836,862 and 24,814,695 issued and 24,391,797 and 24,369,630 outstanding at September 30, 2023 and December 31, 2022, respectively 30 30
Treasury stock at cost, 445,065 shares at September 30, 2023 and December 31, 2022 (4,477) (4,477)
Additional paid-in-capital 181,240 180,555
Retained earnings 252,683 205,996
Total stockholders' equity 429,476 382,104
Total liabilities and stockholders' equity $ 495,643 $ 436,813