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	FY2019 Year ended Dec 31, 2019	FY2018 Year ended Dec 31, 2018	FY2014 Year ended Dec 31, 2014	FY2013 Year ended Dec 31, 2013	FY2012 Year ended Dec 31, 2012
Revenue
Rental and Related Income	—	—	—	—	1,975,312	—	—	—
Management fees, related party	—	—	—	—	4,000	—	—	—
Rental and related income	—	—	6,380,515	2,968,472	—	—	—	—
Management fees, related party	—	—	—	48,319	—	—	—	—
Home sales	—	—	—	4,900	21,000	—	—	—
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	3,021,691	2,000,312	—	—	—
Community operating expenses
Repair and maintenance	1,107,449	529,899	390,140	234,770	135,131	—	—	—
Real estate taxes	783,049	463,148	315,061	142,187	81,024	—	—	—
Utilities	1,025,028	691,830	571,182	212,719	149,516	—	—	—
Insurance	326,840	125,159	158,672	83,975	54,079	—	—	—
General and administrative expense	1,952,308	821,234	198,425	476,137	256,631	—	—	—
Total Community Operating Expenses	—	—	—	—	676,381	—	—	—
Total community operating expenses	—	—	1,633,480	1,149,788	—	—	—	—
Total community operating expenses	5,194,674	2,631,270	—	—	—	—	—	—
Corporate payroll and overhead	5,053,771	3,013,810	1,581,807	1,253,383	1,030,527	—	—	—
Depreciation Expense	—	—	1,652,509	786,179	534,290	—	—	—
Interest Expense	—	—	1,961,843	1,312,469	1,001,455	(162,245)	(130,709)	(197,131)
Loss on expected collection of notes receivable	—	—	—	—	—	—	—	(250,000)
Loss on settlement of notes receivable	—	—	—	—	—	—	(286,235)	—
Loss on settlement of notes receivable	—	—	—	—	—	0	—	—
Non-Operating Income (Expense)	—	—	—	—	—	0	4,900	150,540
Income Before Tax	—	—	—	—	—	(2,488,672)	(697,040)	(1,169,245)
Reorganization costs	—	—	—	—	0	—	—	—
Refinancing costs	—	—	464,568	552,272	—	—	—	—
Depreciation expense	3,441,413	2,060,882	—	—	—	—	—	—
Interest expense	5,525,839	2,243,876	—	—	—	—	—	—
Refinancing costs	3,620,422	110,691	—	—	—	—	—	—
Cost of home sales	269,572	—	—	—	—	—	—	—
Total expenses	23,105,691	10,060,529	7,294,207	5,054,091	3,242,653	4,688,780	2,958,196	3,838,338
Operating Income	—	—	—	—	—	(2,326,952)	(335,125)	(998,759)
Interest Income	—	—	—	—	—	525	50,129	126,105
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)	(2,032,400)	(1,242,341)	—	—	—
Provision for income taxes	—	—	—	6,347	8,286	496,700	(791,700)	398,200
Income from Continuing Operations	—	—	—	—	—	—	—	(771,045)
Net loss	—	(1,558,952)	(151,714)	—	—	—	—	—
Net income (loss) attributable to non-controlling interest variable interest entity share of net income	—	(460,609)	—	—	—	—	—	—
Net income (loss) attributable to Manufactured Housing Properties Inc.	—	(1,098,343)	—	—	—	—	—	—
Net loss	(8,800,253)	—	—	—	—	—	—	—
Net loss attributable to non-controlling interest variable interest entities	(952,588)	—	—	—	45,766	—	—	—
Net Loss attributable to the Company	—	—	—	(2,038,747)	(1,296,393)	—	—	—
Variable interest entity share of net income	—	—	451,876	—	—	—	—	—
Net loss attributable to Manufactured Housing Properties Inc.	—	—	(603,590)	—	—	—	—	—
Net loss attributable to Manufactured Housing Properties Inc.	(7,847,665)	—	—	(2,038,747)	(1,250,627)	(1,991,972)	(1,488,740)	(771,045)
Net loss from continuing operations	—	—	—	—	—	—	—	(0.29)
Preferred stock dividends and put option value accretion
Series A preferred dividends	376,078	384,864	377,353	125,700	—	—	—	—
Series A preferred put option value accretion	—	—	472,500	184,000	—	—	—	—
Series B preferred dividends	—	—	433,790	23,233	—	—	—	—
Series B preferred put option value accretion	—	—	567,217	28,004	—	—	—	—
Series A preferred put option value accretion	469,743	472,271	—	—	—	—	—	—
Series B preferred dividends	605,019	579,303	—	—	—	—	—	—
Series B preferred put option value accretion	709,584	739,034	—	—	—	—	—	—
Total preferred stock dividends and put option value accretion	2,160,424	2,175,472	1,850,860	360,937	—	—	—	—
Net loss attributable to common stockholders	(10,008,089)	(3,273,815)	(2,454,450)	(2,399,684)	—	—	—	—
Weighted average shares – basic and fully diluted (in Shares)	—	13,058,917	12,896,448	12,624,171	10,100,747	51,135,235	2,655,738	—
Weighted average - basic and fully diluted	—	—	—	(0.19)	—	—	—	—
Earnings Per Share (Diluted)	—	—	(0.19)	—	(0.13)	—	—	—
Net loss per share – basic and fully diluted (in Dollars per share)	—	(0.25)	—	—	—	(0.04)	(0.56)	(0.29)
Weighted average shares outstanding, basic and diluted	—	—	—	—	—	—	—	2,655,738
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)	—	—	—	(0.13)	—	—	—
Rental and related income	—	8,328,294	—	—	—	—	—	—
Property sales	—	33,983	—	—	—	—	—	—
Total revenues	—	—	—	—	—	2,361,828	2,623,071	2,839,579
Cost of Revenue	—	—	—	—	—	1,514,507	1,330,848	1,549,693
Depreciation Expense	—	—	—	—	—	573,216	413,887	490,629
Other Operating Expense	—	—	—	—	—	40,590	37,130	—
Workover expense	—	—	—	—	—	941,606	292,876	779,269
Selling, General and Administrative Expense	—	—	—	—	—	1,618,861	883,455	1,018,747

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.