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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 621 $ 748
Accounts receivable, net 4,314 4,656
Current portion of contracts - dealer financed 34,041 32,538
Current portion of consumer loans receivable 7,903 7,682
Current portion of notes receivable from mobile home parks ("MHP") 45,178 18,156
Current portion of other notes receivable 14,669 6,013
Inventories 34,250 33,176
Prepaid expenses and other current assets 5,310 4,915
Total current assets 146,286 107,884
Consumer loans receivable, net 151,282 148,818
Notes receivable from mobile home parks ("MHP"), net 137,384 163,824
Other notes receivable, net 15,526 28,577
Inventories, net 8,727 7,793
Other assets - leased mobile homes 5,049 7,601
ROU assets - operating leases 1,661 1,794
Other assets 3,296 2,571
Property, plant and equipment, net 40,760 37,880
Total assets 509,971 506,742
Current liabilities:    
Accounts payable 3,604 4,090
Accrued liabilities 19,761 18,504
Customer deposits 4,109 4,146
Escrow liability 10,953 10,104
Operating lease obligation 474 489
Total current liabilities 38,901 37,333
Longterm liabilities:    
Operating lease obligation, less current portion 1,274 1,396
Lines of credit 11,797 23,680
Deferred income taxes, net 2,338 2,338
Dealer incentive liability 5,300 5,260
Total liabilities 59,610 70,007
Commitments and contingencies (Note 15)
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; 24,852,740 and 24,843,494 issued and 24,316,488 and 24,398,429 outstanding at March 31, 2024 and December 31, 2023, respectively 31 30
Treasury stock at cost, 536,252 and 445,065 shares at March 31, 2024 and December 31, 2023, respectively (6,348) (4,477)
Additional paid-in-capital 181,780 181,424
Retained earnings 274,898 259,758
Total stockholders' equity 450,361 436,735
Total liabilities and stockholders' equity $ 509,971 $ 506,742