MHPC · As filed with the SEC
Manufactured Housing Properties balance sheet, 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 Balance Sheets · USD
| USD | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 | FY2014 Dec 31, 2014 | FY2013 Dec 31, 2013 | FY2012 Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Investment Property | ||||||||
| Land | 30,263,687 | 18,854,760 | 11,293,818 | 11,130,259 | 4,357,950 | — | — | — |
| Site and Land Improvements | 44,035,649 | 35,133,079 | 20,924,112 | 17,466,801 | 6,781,845 | — | — | — |
| Buildings and Improvements | 23,229,657 | 14,666,296 | 8,026,993 | 6,214,725 | 1,441,222 | — | — | — |
| Acquisition Cost | — | — | — | — | 140,758 | — | — | — |
| Construction in Process | 2,541,376 | 3,030,456 | — | — | — | — | — | — |
| Total Investment Property | 100,070,369 | 71,684,591 | 40,244,923 | 34,811,785 | 12,721,775 | — | — | — |
| Accumulated Depreciation & Amortization | — | — | (2,779,201) | (1,394,958) | (699,184) | — | — | — |
| Accumulated Depreciation | (8,225,976) | (4,832,300) | — | — | — | (10,536,660) | (9,934,526) | (9,597,881) |
| Net property and equipment | — | — | — | — | — | 6,556,099 | 5,046,441 | 5,518,377 |
| Other Non-Operating Current Assets | — | — | — | — | — | — | 0 | 632,306 |
| Other Non-Operating Non-Current Assets | — | — | — | — | — | 5,238 | 5,238 | 5,238 |
| Total other assets | — | — | — | — | — | 5,238 | 5,238 | 637,544 |
| Net Investment Property | 91,844,393 | 66,852,291 | 37,465,722 | 33,416,827 | 12,022,591 | — | — | — |
| Cash and Cash Equivalents | 5,090,369 | 2,106,329 | 1,988,857 | 4,146,411 | 458,271 | 80,025 | 875,540 | 512,835 |
| Accounts Receivable | — | — | — | — | — | 270,132 | 286,893 | 333,601 |
| Other Non-Operating Current Assets | — | — | — | — | — | 49,586 | 54,252 | 77,315 |
| Accounts Receivable | — | — | — | — | — | — | 0 | 778,596 |
| Total current assets | — | — | — | — | — | 399,743 | 1,216,685 | 1,702,347 |
| Oil and gas properties, evaluated (full cost method) | — | — | — | — | — | 16,046,178 | 14,939,989 | 14,928,690 |
| Oil and gas properties, unevaluated (full cost method) | — | — | — | — | — | 1,005,603 | — | — |
| Property, Plant and Equipment | — | — | — | — | — | 40,978 | 40,978 | 187,568 |
| Total Property and equipment | — | — | — | — | — | 17,092,759 | 14,980,967 | 15,116,258 |
| Restricted Cash | 5,315,246 | — | — | — | — | — | — | — |
| Accounts Receivable | 368,081 | 175,955 | 46,952 | 31,881 | 12,987 | — | — | — |
| Other Assets | 975,064 | 913,205 | 2,895,221 | 557,012 | 99,472 | — | — | — |
| Total Assets | 103,593,153 | 70,047,780 | 42,396,752 | 38,152,131 | 12,593,321 | 6,961,080 | 6,268,364 | 7,858,268 |
| Current portion of long-term debt - stockholders | — | — | — | — | — | — | 0 | 14,714 |
| Short-Term Debt | — | — | — | — | — | 2,052,040 | 1,875,032 | 2,558,790 |
| Other Non-Operating Current Liabilities | — | — | — | — | — | 217,724 | — | — |
| Accounts Payable | — | — | — | — | — | 931,088 | 549,896 | 723,513 |
| Other Current Liabilities | — | — | — | — | — | 1,575,144 | 1,488,981 | 1,613,474 |
| Other Non-Operating Current Liabilities | — | — | — | — | — | — | 0 | 4,900 |
| Total current liabilities | — | — | — | — | — | 4,775,996 | 3,913,909 | 4,915,391 |
| Long-Term Debt | — | — | — | — | — | 0 | 0 | 194,324 |
| Deferred Tax Liabilities, Non-Current | — | — | — | — | — | 803,800 | 1,300,500 | 508,800 |
| Asset Retirement Obligations | — | — | — | — | — | 479,165 | 435,840 | 398,710 |
| Liabilities | ||||||||
| Accounts Payable | 755,124 | 477,484 | 236,992 | 227,406 | 71,091 | — | — | — |
| Short-Term Debt | — | — | — | — | 9,086,110 | — | — | — |
| Total Liabilities | — | — | — | 28,359,247 | 890,632 | — | — | — |
| Notes Payable, net of $3,666,214 and $2,064,294 debt discount, respectively | 75,883,866 | 48,891,483 | 31,216,738 | — | — | — | — | — |
| Line of Credit – Variable Interest Entity, net of $160,372 and $151,749 debt discount, respectively | 6,208,947 | 6,200,607 | 3,214,916 | — | — | — | — | — |
| Line of Credit – Related Party | 2,000,000 | 150,000 | — | 1,730,000 | 2,754,550 | — | — | — |
| Note Payable – Related Party | — | 1,500,000 | — | 797,906 | — | — | — | — |
| Accrued Liabilities including amounts due to related parties of $1,154,166 and $250,000, respectively | 2,054,438 | 1,235,001 | 237,442 | 551,481 | 612,819 | — | — | — |
| Tenant Security Deposits | 879,676 | 705,195 | 339,152 | 316,035 | 131,149 | — | — | — |
| Series C Redeemable Preferred Stock, par value $0.01 per share; 47,000 and 0 shares authorized; 5,734 and 0 shares issued and outstanding; redemption value $5,734,400 and $0 as of December 31, 2021 and 2020, respectively | — | 5,214,370 | — | — | — | — | — | — |
| Series C Redeemable Preferred Stock, par value $0.01 per share; 47,000 shares authorized; 21,584 and 5,734 shares issued and outstanding; redemption value $21,584,002 and $5,734,400 as of December 31, 2022 and 2021, respectively | 20,177,187 | — | — | — | — | — | — | — |
| Total Liabilities | 107,959,238 | 64,374,140 | 35,245,240 | 31,982,075 | 13,546,351 | 6,058,961 | 5,650,249 | 6,017,225 |
| Redeemable Preferred Stock – subject to redemption | — | — | — | — | 0 | 0 | 0 | — |
| Series A Cumulative Redeemable Convertible Preferred Stock | — | — | 5,381,500 | 4,909,000 | — | — | — | — |
| Series B Cumulative Redeemable Preferred Stock | — | — | 6,692,076 | 3,973,610 | — | — | — | — |
| Series A Cumulative Redeemable Convertible Preferred Stock, par value $0.01 per share; 4,000,000 shares authorized; 1,826,000 and 1,886,000 shares issued and outstanding; redemption value $6,847,500 and $7,072,500 as of December 31, 2022 and 2021, respectively | 6,107,916 | 5,841,771 | — | — | — | — | — | — |
| Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share; 1,000,000 shares authorized; 747,951 and 758,551 shares issued and outstanding; redemption value $11,219,265 and $11,378,265 as of December 31, 2022 and 2021, respectively | 9,122,218 | 8,518,594 | — | — | — | — | — | — |
| Deficit | ||||||||
| Common Stock, par value $0.01 per share; 200,000,000 shares authorized; 12,493,012 and 12,403,680 shares are issued and outstanding as of December 31, 2022 and 2021, respectively | 124,930 | 124,037 | 124,016 | 123,361 | 103,500 | 518,082 | 26,557 | 26,557 |
| Additional Paid in Capital | — | (3,160,712) | (1,052,611) | 1,004,170 | 451,567 | — | — | — |
| Additional Paid in Capital | (5,428,984) | — | — | — | — | 15,018,429 | 13,160,302 | 12,894,490 |
| Accumulated Deficit | (12,521,376) | (4,672,537) | (4,443,675) | (3,840,085) | (1,801,338) | (14,634,392) | (12,568,744) | (11,080,004) |
| Total Manufactured Housing Properties Inc. Deficit | (17,825,430) | (7,709,212) | (5,372,270) | (2,712,554) | (1,246,271) | 902,119 | 618,115 | 1,841,043 |
| Non-controlling interest in Variable Interest Entities | (1,770,789) | (977,513) | 450,206 | — | 293,241 | — | — | — |
| Total Deficit | (19,596,219) | (8,686,725) | (4,922,064) | (2,712,354) | (953,030) | — | — | — |
| TOTAL LIABILITIES AND DEFICIT | 103,593,153 | 70,047,780 | 42,396,752 | 38,152,131 | 12,593,321 | 6,961,080 | 6,268,364 | 7,858,268 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.