MHPC · As filed with the SEC
Manufactured Housing Properties income statement, by quarter
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.
Condensed Consolidated Statements of Operations (Unaudited) · USD
| USD | Q3 2023 3 months ended Sep 30, 2023 | Q2 2023 3 months ended Jun 30, 2023 | Q1 2023 3 months ended Mar 31, 2023 | Q4 2022 3 months ended Dec 31, 2022 | Q3 2022 3 months ended Sep 30, 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Rental and related income | 4,564,273 | 4,224,714 | 4,145,189 | — | 3,697,558 |
| Gross Revenues from Home Sales | 137,900 | 198,800 | 112,300 | — | 18,570 |
| Total revenues | 4,702,173 | 4,423,514 | 4,257,489 | — | 3,716,128 |
| Community operating expenses | |||||
| Repair and maintenance | 531,158 | 348,117 | 275,529 | — | 287,686 |
| Real estate taxes | 212,353 | 210,862 | 201,633 | — | 186,358 |
| Utilities | 334,817 | 278,954 | 306,412 | — | 259,758 |
| Insurance | 121,608 | 119,367 | 104,059 | — | 87,044 |
| General and administrative expense | 661,822 | 686,547 | 708,168 | — | 510,036 |
| Total community operating expenses | 1,861,758 | 1,643,847 | 1,595,801 | — | 1,330,882 |
| Corporate payroll and overhead | 1,487,110 | 1,484,216 | 1,571,454 | — | 1,519,271 |
| Depreciation expense | — | 1,178,089 | 1,023,015 | — | 898,963 |
| Depreciation and amortization expense | 1,174,457 | — | — | — | — |
| Interest expense | 2,366,051 | 2,292,869 | 2,053,455 | — | 1,506,290 |
| Refinancing costs | — | — | — | — | 3,604,671 |
| Cost of home sales | 88,777 | 131,495 | 130,806 | — | 22,676 |
| Total expenses | 6,978,153 | 6,730,516 | 6,374,531 | — | 8,882,753 |
| Other income | — | — | — | — | 500 |
| Net loss before provision for income taxes | (2,275,980) | (2,307,002) | (2,117,042) | — | (5,166,125) |
| Net loss | (2,275,980) | (2,307,002) | (2,117,042) | — | (5,166,125) |
| Net loss attributable to non-controlling interest variable interest entities | (220,015) | (263,783) | (182,466) | — | (376,105) |
| Net loss attributable to Manufactured Housing Properties, Inc. | (2,055,965) | (2,043,219) | (1,934,576) | — | (4,790,020) |
| Preferred stock dividends and put option value accretion | |||||
| Series A preferred dividends | 86,700 | 91,300 | 91,633 | — | 94,178 |
| Series A preferred put option value accretion | 114,031 | 114,125 | 114,125 | — | 117,726 |
| Series B preferred dividends | 149,665 | 149,665 | 149,665 | — | 151,785 |
| Series B preferred put option value accretion | 181,604 | 181,604 | 181,604 | — | 159,472 |
| Series D Preferred Dividends | 26,924 | 1,132 | — | — | — |
| Series D preferred put option value accretion | 3,749 | 307 | — | — | — |
| Total preferred stock dividends and put option value accretion | 562,673 | 538,133 | 537,027 | — | 523,161 |
| Net loss attributable to common stockholders | (2,618,638) | (2,581,352) | (2,471,603) | — | (5,313,181) |
| Weighted average shares - basic (in Shares) | 12,916,854 | 12,916,854 | 12,883,521 | — | 12,812,232 |
| Weighted average shares - fully diluted (in Shares) | 12,916,854 | 12,916,854 | — | — | — |
| Net loss per share - basic (in Dollars per share) | (0.2) | (0.2) | (0.19) | — | (0.41) |
| Net loss per share - fully diluted (in Dollars per share) | (0.2) | (0.2) | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.