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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 570 $ 748
Accounts receivable, net 4,986 4,656
Current portion of contracts - dealer financed 31,690 32,538
Current portion of consumer loans receivable 8,372 7,682
Current portion of notes receivable from mobile home parks ("MHP") 30,378 18,156
Current portion of other notes receivable 3,422 6,013
Inventories 29,223 33,176
Prepaid expenses and other current assets 3,846 4,915
Total current assets 112,487 107,884
Consumer loans receivable, net 158,449 148,818
Notes receivable from mobile home parks ("MHP"), net 171,106 163,824
Other notes receivable, net 4,424 28,577
Inventories, net 9,803 7,793
Other assets - leased mobile homes 4,549 7,601
ROU assets - operating leases 1,435 1,794
Other assets 9,888 2,571
Property, plant and equipment, net 49,264 37,880
Total assets 521,405 506,742
Current liabilities:    
Accounts payable 3,450 4,090
Accrued liabilities 13,256 18,504
Customer deposits 2,489 4,146
Escrow liability 12,700 10,104
Operating lease obligation 478 489
Total current liabilities 32,373 37,333
Long-term liabilities:    
Operating lease obligation, less current portion 1,036 1,396
Lines of credit 2,111 23,680
Deferred income taxes, net 2,338 2,338
Dealer incentive liability 4,275 5,260
Total liabilities 42,133 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; 24,865,906 and 24,843,494 issued and 24,158,311 and 24,398,429 outstanding at September 30, 2024 and December 31, 2023, respectively 31 30
Treasury stock at cost, 707,595 and 445,065 shares at September 30, 2024 and December 31, 2023, respectively (9,875) (4,477)
Additional paid-in-capital 182,226 181,424
Retained earnings 306,890 259,758
Total stockholders' equity 479,272 436,735
Total liabilities and stockholders' equity $ 521,405 $ 506,742