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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 2,631 $ 1,149
Accounts receivable, net 4,197 3,985
Dealer financed receivables, net 32,464 32,585
Consumer loans receivable, current 9,098 8,623
Notes receivable from mobile home parks ("MHP"), current 20,434 23,770
Other notes receivable, current 11,083 12,152
Inventories, net 40,522 37,538
Prepaid expenses and other current assets 4,128 4,504
Total current assets 124,557 124,306
Property, plant and equipment, net 53,012 47,585
Consumer loans receivable, net 177,261 165,482
Notes receivable from mobile home parks ("MHP"), net 182,647 182,694
Other notes receivable, net 1,413 2,764
Other assets - leased mobile homes 4,066 4,557
ROU assets - operating leases 1,091 1,321
Other assets 7,938 5,485
Total assets 551,985 534,194
Current liabilities:    
Accounts payable 3,710 5,091
Accrued liabilities 11,974 13,672
Customer deposits 2,369 1,880
Escrow liability 13,175 11,623
Operating lease obligation 447 476
Total current liabilities 31,675 32,742
Long-term liabilities:    
Operating lease obligation, less current portion 710 920
Lines of credit 142  
Deferred income taxes, net 2,206 2,206
Dealer incentive liability 4,472 4,370
Total liabilities 39,205 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 23,868,727 and 24,158,311 outstanding at June 30, 2025 and December 31, 2024, respectively 32 31
Treasury stock at cost, 997,615 and 707,595 shares at June 30, 2025 and December 31, 2024, respectively (16,367) (9,875)
Additional paid-in-capital 182,744 182,400
Retained earnings 346,371 321,400
Total stockholders' equity 512,780 493,956
Total liabilities and stockholders' equity $ 551,985 $ 534,194