MHPC · As filed with the SEC
Manufactured Housing Properties cash flow 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 Cash Flows · USD
| USD | 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 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||||||
| Net Loss | — | — | — | — | (1,250,627) | (1,991,972) | (1,488,740) | (771,045) |
| Net loss | (8,800,253) | (1,558,952) | (151,714) | (2,038,747) | — | — | — | — |
| Net Cash from Financing Activities | — | — | — | 87,577 | 44,695 | — | — | — |
| Gain on sale of property | — | — | (761,978) | — | — | — | — | — |
| Provision for Doubtful Accounts (CF) | — | — | — | 10,117 | 59,657 | — | — | — |
| Net Cash from Operating Activities | — | — | — | 4,774 | 69 | — | — | — |
| Stock-Based Compensation Expense | — | — | — | 349,950 | 171,500 | 694,369 | — | — |
| Changes in current assets and liabilities | — | — | — | — | — | 627,728 | 52,812 | 309,170 |
| Other changes, net | — | — | — | — | — | 0 | 2,516 | 28,732 |
| Net cash flows from continuing operations | — | — | — | — | — | — | — | (241,254) |
| Stock option expense | — | — | 2,370 | — | — | — | — | — |
| Stock compensation expense | — | — | 32,500 | — | — | — | — | — |
| Write off mortgage cost | — | — | 464,569 | 68,280 | — | — | — | — |
| Interest Expense | — | — | 133,190 | 47,390 | — | — | — | — |
| Loss on home sales | — | — | — | (11,678) | — | — | — | — |
| Depreciation Expense | — | — | 1,652,509 | 738,789 | — | 573,216 | 413,887 | 490,629 |
| Total income tax provision (benefit) | — | — | — | — | — | (496,700) | 791,700 | (398,200) |
| Unrealized loss on expected collection of notes receivable | — | — | — | — | — | — | — | 250,000 |
| Loss on settlement of notes receivable | — | — | — | — | — | — | 286,235 | — |
| Loss on settlement of notes receivable | — | — | — | — | — | 0 | — | — |
| Unrealized gain on oil and gas derivatives | — | — | — | — | — | 0 | (4,900) | (150,540) |
| Other Operating Expense | — | — | — | — | — | 40,590 | 37,130 | — |
| Stock option expense | — | 66,015 | — | — | — | — | — | — |
| Gain on sale of community | (102,665) | — | — | — | — | — | — | — |
| Stock option expense | 170,290 | — | — | — | — | — | — | — |
| Amortization of debt discount | 669,931 | 230,173 | — | — | — | — | — | — |
| Write off debt issuance costs recorded as debt discount | 2,219,591 | (139,300) | — | — | — | — | — | — |
| Write off acquisition and development pursuit costs | 117,599 | 135,339 | — | — | — | — | — | — |
| Prepayment penalty upon debt extinguishment | 1,400,831 | — | — | — | — | — | — | — |
| Loss on sale of homes | 61,474 | 127,057 | — | — | — | — | — | — |
| Depreciation | 3,441,413 | 2,060,882 | — | — | 534,290 | — | — | — |
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | — | — | (11,715) | (29,011) | (26,244) | — | — | — |
| Accounts receivable | (192,126) | (129,003) | — | — | — | — | — | — |
| Other assets | 458,364 | 118,309 | 215,650 | (457,540) | (49,501) | — | — | — |
| Accounts payable | 256,040 | 241,869 | 4,820 | 156,315 | 35,365 | — | — | — |
| Tenant security deposits | 174,481 | 366,043 | 28,039 | 184,886 | 42,812 | — | — | — |
| Accrued liabilities | 65,237 | 747,559 | (329,333) | (61,338) | 476,459 | — | — | — |
| Net Cash Provided by (Used in) Operating Activities | (59,793) | 2,265,991 | 1,278,907 | (950,236) | 38,475 | (552,769) | 90,640 | (241,254) |
| Cash Flows from Investing Activities: | ||||||||
| Collection of notes receivable from sale of subsidiary | — | — | — | — | — | 0 | 950,000 | 819,172 |
| Purchase of property and equipment | — | — | — | — | — | (912,475) | (11,299) | (108,548) |
| Capital improvements | (2,289,095) | (2,026,414) | (1,299,195) | — | — | — | — | — |
| Proceeds from sale of properties | — | — | 2,100,000 | — | — | — | — | — |
| Proceeds from sales of homes | 208,098 | — | — | 4,900 | 21,000 | 0 | 11,657 | — |
| Payment of acquisition costs | — | (481,781) | — | — | — | — | — | — |
| Purchases of investment properties | (7,856,769) | (6,617,000) | (1,001,000) | (22,022,684) | (231,247) | — | — | — |
| Payment of pursuit costs | (343,678) | — | — | — | — | — | — | — |
| Payment of acquisition costs | (615,823) | — | — | — | — | — | — | — |
| Net Cash Used in Investing Activities | (10,897,267) | (9,125,195) | (200,195) | (22,017,784) | (210,247) | (912,475) | 950,358 | 710,624 |
| Cash Flows from Financing Activities: | ||||||||
| Payments of long term debt | — | — | — | — | — | — | (663,579) | (479,699) |
| Proceeds from notes payable – related party | — | 1,650,000 | — | 7,075 | 448,750 | 0 | — | — |
| Proceeds from Debt Issuance | — | — | — | — | — | 700,000 | 0 | 69,510 |
| Proceeds of private equity offering | — | — | — | — | — | 600,000 | — | — |
| Proceeds from Line of Credit - Variable Interest Entity | — | — | 880,336 | — | — | — | — | — |
| Proceeds from notes payable | — | 4,325,522 | 16,960,969 | 25,079,000 | 117,014 | — | — | — |
| Repayment of notes payable | — | — | 18,555,939 | — | — | — | — | — |
| Proceeds from Stock Issuance | — | — | 2,151,250 | 8,670,606 | — | — | — | — |
| Purchase of treasury stock | — | — | — | (119,337) | — | — | — | — |
| Capitalized financing cost | — | — | — | (608,541) | — | — | — | — |
| Capitalized financing cost | — | — | (1,230,680) | — | — | — | — | — |
| Repayment of note payable - line of credit related party | — | — | (1,730,000) | (3,719,550) | — | — | — | — |
| Net Cash from Financing Activities | — | — | — | 2,695,000 | — | — | — | — |
| Proceeds from related party debt | 4,700,000 | — | — | — | — | — | — | — |
| Repayment of related party debt | (4,350,000) | — | — | — | — | — | — | — |
| Proceeds from refinanced notes payable and lines of credit | 67,086,313 | — | — | — | — | — | — | — |
| Repayment of notes payable upon refinance | (52,774,771) | — | (878,867) | (99,801) | — | 0 | — | — |
| Payments of long term debt - others | — | — | — | — | — | (632,256) | — | — |
| Cinco original capital contributed | — | — | — | — | — | 0 | — | — |
| Net payments of stockholder advances | — | — | — | — | — | 0 | (14,714) | (305,286) |
| Net cash flows from continuing operations | — | — | — | — | — | — | — | (715,475) |
| Distribution VIE | — | — | (27,377) | — | — | — | — | — |
| Repayment of lines of credit upon refinance - VIEs | (3,085,607) | — | — | — | — | — | — | — |
| Repayment of notes payable | (518,622) | (4,909,168) | — | (5,172,234) | (236,551) | — | — | — |
| Proceeds from lines of credit – VIE | — | 3,421,209 | — | — | — | — | — | — |
| Repayment of lines of credit – VIE | — | (1,732,599) | — | — | — | — | — | — |
| Proceeds from issuance of common stock | — | — | 4,185 | 72,875 | 0 | — | — | — |
| Repayment of lines of credit – VIEs | (203,919) | — | — | — | — | — | — | — |
| Proceeds from exercise of options | 893 | — | — | — | — | — | — | — |
| Proceeds from issuance of preferred stock | 15,849,602 | 6,809,884 | — | — | — | — | — | — |
| Payment of debt and Series C Preferred Stock costs recorded as debt discount | — | (1,526,376) | — | — | — | — | — | — |
| Preferred shares dividends | — | (964,167) | (811,143) | (148,933) | — | — | — | — |
| Non controlling interest (distributions) | — | — | — | — | (55,105) | — | — | — |
| Payment of debt and Series C Preferred Stock costs recorded as debt discount | (4,615,257) | — | — | — | — | — | — | — |
| Prepayment penalty upon debt extinguishment | (1,400,831) | — | — | — | — | — | — | — |
| Redemption of Preferred Stock | (309,558) | — | — | — | — | — | — | — |
| Fees paid in advance for debt | (25,000) | — | — | — | — | — | — | — |
| Series A and Series B Preferred share dividends | (976,897) | — | — | — | — | — | — | — |
| Contribution to VIE | — | 12,371 | — | — | — | — | — | — |
| Distributions from VIE | (120,000) | (110,000) | — | — | — | — | — | — |
| Net Cash Provided by Financing Activities | 19,256,346 | 6,976,676 | (3,237,266) | 26,656,160 | 274,108 | 667,744 | (678,293) | (715,475) |
| Net Change in Cash and cash equivalents | — | — | — | 3,688,140 | 102,336 | (797,500) | 362,705 | (246,105) |
| Cash and cash equivalents at Beginning of the Period | — | — | 4,146,411 | 458,271 | 355,935 | 877,525 | 512,835 | 758,940 |
| Cash and cash equivalents at End of the Period | — | — | — | 4,146,411 | 458,271 | 80,025 | 875,540 | 512,835 |
| Interest Expense | — | — | — | — | — | 162,245 | 119,933 | 156,676 |
| Notes payable issued for purchase of property and equipment | — | — | — | — | — | — | — | 29,334 |
| Net Change in Cash and cash equivalents | — | — | (2,158,554) | — | — | — | — | — |
| Cash and cash equivalents at Beginning of the year | — | 1,988,857 | 4,147,411 | — | — | — | — | — |
| Cash and cash equivalents at End of the year | — | — | 1,988,857 | — | — | — | — | — |
| Net change in cash, cash equivalents and restricted cash | 8,299,286 | 117,472 | — | — | — | — | — | — |
| Cash, cash equivalents and restricted cash at beginning of the year | 2,106,329 | 1,988,857 | — | — | — | — | — | — |
| Cash, cash equivalents and restricted cash at end of the year | 10,405,615 | 2,106,329 | — | — | — | — | — | — |
| Cash, cash equivalents and restricted cash consist of the following: | ||||||||
| Cash and cash equivalents | — | 1,401,134 | — | — | — | — | — | — |
| Cash and cash equivalents | 5,090,369 | — | — | — | — | — | — | — |
| Restricted cash | 5,315,246 | 705,195 | — | — | — | — | — | — |
| Total | 10,405,615 | 2,106,329 | — | — | — | — | — | — |
| Cash and cash equivalents | 1,401,134 | 1,649,705 | — | — | — | — | — | — |
| Restricted cash | 705,195 | 339,152 | — | — | — | — | — | — |
| Total | 2,106,329 | 1,988,857 | — | — | — | — | — | — |
| Cash paid for: | ||||||||
| Income taxes | — | — | 639 | 6,347 | 8,286 | — | — | — |
| Interest | 3,710,600 | 2,184,891 | 1,679,114 | 1,084,104 | 751,344 | — | — | — |
| Series C Preferred share dividends (in Shares) | 764,456 | — | — | — | — | — | — | — |
| Non-Cash Investing and Financing Activities | ||||||||
| Accounts payable for oil and gas properties | — | — | — | — | — | 217,724 | — | — |
| Common stock for oil and gas properties | — | — | — | — | — | 86,000 | — | — |
| Non-cash additions to notes payable | — | — | — | — | — | 49,264 | — | — |
| Non-cash conversion of notes payable to equity | — | — | — | — | — | 0 | — | — |
| Forgiveness of related party interest expense | — | — | — | — | — | 0 | 265,812 | — |
| Notes payable assumed in settlement agreement | — | — | — | — | — | 0 | 216,305 | — |
| Notes payable assumed for sale of property and equipment | — | — | — | — | — | 0 | 57,690 | — |
| Notes payable issued for insurance financing | — | — | — | — | — | — | 51,096 | — |
| Note payable issued for purchase of property and equipment | — | — | — | — | — | — | 0 | — |
| Purchase of minority interest in Pecan Grove | — | — | — | 537,562 | — | — | — | — |
| Non-cash Preferred stock accretion | — | — | 1,039,717 | 212,004 | — | — | — | — |
| Notes related to acquisitions | — | — | 4,150,000 | — | — | — | — | — |
| Proceeds related to Line of Credit | — | — | 2,468,631 | — | — | — | — | — |
| Notes and lines of credit related to acquisitions and capital improvements | — | 22,449,312 | — | — | — | — | — | — |
| Notes and lines of credit related to acquisitions and capital improvements | 18,088,735 | — | — | — | — | — | — | — |
| Non-cash Series A and B Preferred Stock accretion | 1,179,327 | 1,211,305 | — | — | — | — | — | — |
| Debt issuance costs included in accounts payable and accrued liabilities | 1,021,660 | — | — | — | — | — | — | — |
| Stock issued in connection with Series B Preferred Stock issuance | — | 1,377 | — | — | — | — | — | — |
| Debt issuance costs included in accounts payable | — | 250,000 | — | — | — | — | — | — |
| Proceeds from sale of community in receivables | 250,000 | — | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.