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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 3,414 $ 1,149
Accounts receivable, net 4,982 3,985
Dealer financed receivables, net 31,678 32,585
Consumer loans receivable, current 8,867 8,623
Notes receivable from mobile home parks ("MHP"), current 22,422 23,770
Other notes receivable, current 13,072 12,152
Inventories, net 41,404 37,538
Prepaid expenses and other current assets 4,705 4,504
Total current assets 130,544 124,306
Consumer loans receivable, net 170,607 165,482
Notes receivable from mobile home parks ("MHP"), net 180,244 182,694
Other notes receivable, net 2,744 2,764
Other assets - leased mobile homes 4,185 4,557
ROU assets - operating leases 1,207 1,321
Other assets 6,630 5,485
Property, plant and equipment, net 48,445 47,585
Total assets 544,606 534,194
Current liabilities:    
Accounts payable 2,979 5,091
Accrued liabilities 15,238 13,672
Customer deposits 2,285 1,880
Escrow liability 12,388 11,623
Operating lease obligation 461 476
Total current liabilities 33,351 32,742
Long-term liabilities:    
Operating lease obligation, less current portion 816 920
Deferred income taxes, net 2,206 2,206
Dealer incentive liability 4,505 4,370
Total liabilities 40,878 40,238
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; 24,866,342 and 24,865,906 issued and 24,129.362 and 24,158,311 outstanding at March 31, 2025 and December 31, 2024, respectively 32 31
Treasury stock at cost, 736,980 and 707,595 shares at March 31, 2025 and December 31, 2024, respectively (10,550) (9,875)
Additional paid-in-capital 182,570 182,400
Retained earnings 331,676 321,400
Total stockholders' equity 503,728 493,956
Total liabilities and stockholders' equity $ 544,606 $ 534,194