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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 60 $ 748
Accounts receivable, net 4,285 4,656
Current portion of contracts - dealer financed 32,987 32,538
Current portion of consumer loans receivable 8,100 7,682
Current portion of notes receivable from mobile home parks ("MHP") 42,459 18,156
Current portion of other notes receivable 15,058 6,013
Inventories 30,997 33,176
Prepaid expenses and other current assets 5,430 4,915
Total current assets 139,376 107,884
Consumer loans receivable, net 153,703 148,818
Notes receivable from mobile home parks ("MHP"), net 140,328 163,824
Other notes receivable, net 15,784 28,577
Inventories, net 9,650 7,793
Other assets - leased mobile homes 4,880 7,601
ROU assets - operating leases 1,548 1,794
Other assets 9,198 2,571
Property, plant and equipment, net 40,460 37,880
Total assets 514,927 506,742
Current liabilities:    
Accounts payable 4,186 4,090
Accrued liabilities 13,066 18,504
Customer deposits 2,226 4,146
Escrow liability 11,785 10,104
Operating lease obligation 475 489
Total current liabilities 31,738 37,333
Long-term liabilities:    
Operating lease obligation, less current portion 1,157 1,396
Lines of credit 11,861 23,680
Deferred income taxes, net 2,338 2,338
Dealer incentive liability 4,614 5,260
Total liabilities 51,708 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; 24,860,090 and 24,843,494 issued and 24,153,496 and 24,398,429 outstanding at June 30, 2024 and December 31, 2023, respectively 31 30
Treasury stock at cost, 706,594 and 445,065 shares at June 30, 2024 and December 31, 2023, respectively (9,853) (4,477)
Additional paid-in-capital 181,954 181,424
Retained earnings 291,087 259,758
Total stockholders' equity 463,219 436,735
Total liabilities and stockholders' equity $ 514,927 $ 506,742