MHPC · As filed with the SEC
Manufactured Housing Properties income statement, by fiscal year
The statement as Manufactured Housing Properties presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD, except per-share amounts
| USD, except per-share amounts | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 |
|---|---|---|---|
| Revenue | |||
| Rental and related income | 13,994,175 | — | — |
| Gross revenue from home sales | 208,098 | — | — |
| Total revenues | 14,202,273 | 8,362,277 | 6,380,515 |
| Community operating expenses | |||
| Repair and maintenance | 1,107,449 | 529,899 | 390,140 |
| Real estate taxes | 783,049 | 463,148 | 315,061 |
| Utilities | 1,025,028 | 691,830 | 571,182 |
| Insurance | 326,840 | 125,159 | 158,672 |
| General and administrative expense | 1,952,308 | 821,234 | 198,425 |
| Total community operating expenses | 5,194,674 | 2,631,270 | 1,633,480 |
| Corporate payroll and overhead | 5,053,771 | 3,013,810 | 1,581,807 |
| Depreciation expense | 3,441,413 | 2,060,882 | 1,652,509 |
| Interest expense | 5,525,839 | 2,243,876 | 1,961,843 |
| Refinancing costs | 3,620,422 | 110,691 | 464,568 |
| Cost of home sales | 269,572 | — | — |
| Total expenses | 23,105,691 | 10,060,529 | 7,294,207 |
| Other income | — | 139,300 | — |
| Gain on sale of property | — | — | 761,978 |
| Other income | 500 | — | — |
| Gain on sale of community | 102,665 | — | — |
| Net loss before provision for income taxes | (8,800,253) | (1,558,952) | (151,714) |
| Net loss | — | (1,558,952) | (151,714) |
| Net income (loss) attributable to non-controlling interest variable interest entity share of net income | — | (460,609) | 451,876 |
| Net income (loss) attributable to Manufactured Housing Properties Inc. | — | (1,098,343) | (603,590) |
| Net loss | (8,800,253) | — | — |
| Net loss attributable to non-controlling interest variable interest entities | (952,588) | — | — |
| Net loss attributable to Manufactured Housing Properties Inc. | (7,847,665) | — | — |
| Preferred stock dividends and put option value accretion | |||
| Series A preferred dividends | 376,078 | 384,864 | 377,353 |
| Series A preferred put option value accretion | 469,743 | 472,271 | 472,500 |
| Series B preferred dividends | 605,019 | 579,303 | 433,790 |
| Series B preferred put option value accretion | 709,584 | 739,034 | 567,217 |
| Total preferred stock dividends and put option value accretion | 2,160,424 | 2,175,472 | 1,850,860 |
| Net loss attributable to common stockholders | (10,008,089) | (3,273,815) | (2,454,450) |
| Weighted average shares – basic and fully diluted (in Shares) | — | 13,058,917 | 12,896,448 |
| Net loss per share – basic and fully diluted (in Dollars per share) | — | (0.25) | (0.19) |
| Weighted average shares – basic and fully diluted (in Shares) | 12,798,852 | — | — |
| Net loss per share – basic and fully diluted (in Dollars per share) | (0.78) | — | — |
| Rental and related income | — | 8,328,294 | 6,380,515 |
| Property sales | — | 33,983 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.