| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | |
|---|---|---|---|---|---|---|
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents | ||||||
3,717 | 1,724 | 1,864 | 2,422 | 3,098 | 2,599 | |
Accounts receivable, net of allowance for doubtful accounts | ||||||
3,171 | 1,767 | 2,184 | 3,488 | 3,095 | 2,953 | |
Current portion of consumer loans | ||||||
6,138 | 5,994 | 8,109 | 5,252 | 5,132 | 4,945 | |
Current portion of notes receivable from mobile home parks (“MHP”) | ||||||
9,454 | 10,969 | 10,225 | 9,168 | 8,339 | 7,297 | |
Current portion of other notes receivable | ||||||
545 | 428 | 121 | 222 | 773 | 379 | |
Inventories | ||||||
31,523 | 27,228 | 27,981 | 33,584 | 37,966 | 42,033 | |
Prepaid expenses and other current assets | ||||||
3,429 | 4,857 | 2,805 | 2,593 | 3,327 | 2,938 | |
Total current assets | ||||||
57,977 | 52,967 | 53,289 | 56,729 | 61,730 | 63,144 | |
Property, plant and equipment, net | ||||||
21,124 | 21,038 | 20,837 | 18,041 | 17,644 | 17,128 | |
Consumer loans, net of deferred financing fees and allowance for loan losses | ||||||
99,448 | 99,048 | 94,981 | 95,772 | 93,772 | 92,230 | |
Notes receivable from mobile home parks (“MHP”) | ||||||
93,827 | 81,375 | 71,782 | 62,830 | 54,207 | 50,638 | |
Other notes receivable, net of allowance for loan losses | ||||||
13,064 | 13,050 | 5,090 | 3,179 | 2,817 | 1,912 | |
Other assets | ||||||
4,722 | 4,212 | 4,061 | 3,836 | 3,054 | 2,587 | |
Inventory non-current | ||||||
11,456 | 11,930 | 12,302 | 11,429 | 10,451 | 7,399 | |
Total assets | ||||||
301,618 | 283,620 | 262,342 | 251,816 | 243,675 | 235,038 | |
Liabilities and Stockholders' Equity | ||||||
Current liabilities: | ||||||
Accounts payable | ||||||
3,464 | 5,168 | 3,628 | 3,760 | 3,714 | 2,828 | |
Accrued liabilities | ||||||
11,818 | 8,808 | 10,728 | 10,605 | 10,309 | 9,156 | |
Customer deposits | ||||||
2,228 | 1,567 | 1,745 | 1,597 | 2,274 | 2,222 | |
Escrow liability | ||||||
6,964 | 7,530 | - | - | - | - | |
Escrow liability | ||||||
- | - | 6,769 | 6,057 | 5,325 | 5,951 | |
Line of credit | ||||||
- | 28,860 | 10,851 | 7,124 | - | - | |
Current portion of notes payable | ||||||
- | - | 189 | 187 | 185 | 228 | |
Total current liabilities | ||||||
24,474 | 51,933 | 33,910 | 29,330 | 21,807 | 20,385 | |
Long-term liabilities: | ||||||
Lines of credit | ||||||
39,027 | 2,001 | - | - | - | 13,679 | |
Lines of credit | ||||||
- | - | 2,001 | 2,001 | 7,163 | - | |
Deferred income taxes | ||||||
1,766 | 1,766 | 1,842 | 1,842 | 1,842 | 1,842 | |
Note payable, net of current portion | ||||||
- | - | 3,226 | 3,274 | 3,321 | 3,737 | |
Dealer incentive liability | ||||||
5,522 | 5,531 | 5,942 | 6,187 | 6,120 | 6,115 | |
Total liabilities | ||||||
70,789 | 61,231 | 46,921 | 42,634 | 40,253 | 45,758 | |
Stockholders' equity: | ||||||
Common stock, $.001 par value, 90,000,000 shares authorized; 24,637,222 and 24,620,079 issued and 24,274,279 and 24,320,079 outstanding at March 31, 2020 and December 31, 2019, respectively | ||||||
25 | 25 | 25 | 25 | - | 24 | |
Treasury stock at cost, 362,943 and 300,000 shares at March 31, 2020 and December 31, 2019, respectively | ||||||
3,742 | 3,060 | 3,060 | 3,060 | - | - | |
Common stock, $.001 par value,90,000,000 shares authorized; 24,617,143 and 24,000,000 issued and outstanding at March 31, 2019 and December 31, 2018, respectively | ||||||
- | - | - | - | 25 | - | |
Additional paid-in-capital | ||||||
175,164 | 175,067 | 174,959 | 174,858 | 174,671 | 167,743 | |
Retained earnings | ||||||
59,382 | 50,357 | 43,497 | 37,359 | 28,726 | 21,513 | |
Total stockholders' equity | ||||||
230,829 | 222,389 | 215,421 | 209,182 | 203,422 | 189,280 | |
Total liabilities and stockholders' equity | ||||||
301,618 | 283,620 | 262,342 | 251,816 | 243,675 | 235,038 | |