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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating activities:      
Net income $ 10,276 $ 15,140  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 423 423  
Amortization of deferred revenue (341) (729)  
Provision for accounts and notes receivable 692 (171)  
Provision for long term inventories 15 89  
Gain from sale of property (82)    
Gain from sale of assets   (57)  
Non-cash operating lease expense (5) (12)  
Share based compensation expense 171 257  
Other non cash items   17  
Changes in operating assets and liabilities:      
Accounts receivable (1,181) 237  
Consumer loans activity, net (5,459) (2,428)  
Notes receivable MHP activity, net 3,854 (1,245)  
Dealer inventory loan activity, net 901 (1,228)  
Inventories, net (3,882) (2,097)  
Prepaid expenses and other current assets (331) (754)  
Other assets - leased mobile homes 272 2,427  
Other assets (1,172) (694)  
Accounts payable and accrued liabilities (547) 772  
Right of use activity, net   7  
Customer deposits 404 (37)  
Escrow liability 766 849  
Dealer incentive liability 134 40  
Net cash provided by operating activities 4,908 10,806  
Investing activities:      
Purchases of property, plant and equipment (1,261) (871)  
Proceeds from sale of property 160 22  
Issuance of notes receivable (979) (590)  
Notes receivable collections 17 4,107  
Collections from purchased loans 95 53  
Net cash (used in) provided by investing activities (1,968) 2,721  
Financing activities:      
Proceeds from exercise of stock options   100  
Purchases of treasury stock (675) (1,871) $ (5,398)
Proceeds from lines of credit   12,736  
Payments on lines of credit   (24,619)  
Net cash used in financing activities (675) (13,654)  
Net increase (decrease) in cash 2,265 (127)  
Cash at beginning of period 1,149 748 748
Cash at end of period 3,414 621 $ 1,149
Supplemental disclosure of cash flow information:      
Cash paid for interest   $ 411  
Cash paid for taxes $ 13