MHPC · As filed with the SEC
Manufactured Housing Properties balance sheet, 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 Balance Sheets · USD
| USD | Q3 2023 Sep 30, 2023 | Q2 2023 Jun 30, 2023 | Q1 2023 Mar 31, 2023 | Q4 2022 Dec 31, 2022 | Q3 2022 Sep 30, 2022 | Q2 2022 Jun 30, 2022 | Q1 2022 Mar 31, 2022 | Q4 2021 Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Investment Property | ||||||||
| Land | 37,403,653 | 37,403,653 | 36,399,696 | 30,263,687 | 27,845,291 | 22,508,158 | 20,554,318 | 18,854,760 |
| Site and Land Improvements | 49,470,418 | 49,267,021 | 45,346,146 | 44,035,649 | 41,233,111 | 37,703,886 | 37,041,232 | 35,133,079 |
| Buildings and Improvements | 31,546,780 | 31,005,616 | 25,321,424 | 23,229,657 | 21,806,023 | 19,730,527 | 17,048,182 | 14,666,296 |
| Construction in Process | 2,395,765 | 1,726,093 | 1,692,050 | 2,541,376 | 2,575,086 | 2,943,578 | 3,605,886 | 3,030,456 |
| Total Investment Property | 120,816,616 | 119,402,383 | 108,759,316 | 100,070,369 | 93,459,511 | 82,886,149 | 78,249,618 | 71,684,591 |
| Accumulated Depreciation | (11,564,934) | (10,416,912) | (9,245,738) | (8,225,976) | (7,285,503) | (6,390,849) | (5,586,597) | (4,832,300) |
| Net Investment Property | 109,251,682 | 108,985,471 | 99,513,578 | 91,844,393 | 86,174,008 | 76,495,300 | 72,663,021 | 66,852,291 |
| Cash and Cash Equivalents | 1,966,633 | 1,745,129 | 5,710,926 | 5,090,369 | 1,896,839 | 3,070,280 | 2,096,699 | 2,106,329 |
| Restricted Cash | 5,238,797 | 5,374,687 | 5,222,057 | 5,315,246 | 5,018,079 | — | — | — |
| Accounts Receivable | 342,573 | 326,109 | 225,894 | 368,081 | 344,603 | 287,284 | 160,773 | 175,955 |
| Other Assets (Net of Amortization) | 1,333,796 | 1,377,189 | 788,927 | 975,064 | 806,034 | 2,430,053 | 669,332 | 913,205 |
| TOTAL ASSETS | 118,133,481 | 117,808,585 | 111,461,382 | 103,593,153 | 94,239,563 | 82,282,917 | 75,589,825 | 70,047,780 |
| Liabilities | ||||||||
| Accounts Payable | 990,981 | 732,614 | 780,511 | 755,124 | 989,909 | 679,600 | 511,031 | 477,484 |
| Notes Payable, net of $3,656,874 and $3,666,214 debt discount, respectively | 86,947,646 | 86,758,070 | 80,942,053 | 75,883,866 | 71,100,381 | 52,723,981 | 51,226,534 | 48,891,483 |
| Lines of Credit - Variable Interest Entities, net of $201,844 and $160,372 debt discount, respectively | 7,344,733 | 7,498,868 | 7,624,918 | 6,208,947 | 5,270,283 | 7,787,643 | 6,581,458 | 6,200,607 |
| Lines of Credit – Related Party | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 850,000 | 150,000 |
| Note Payable – Related Party | — | — | — | — | — | 1,500,000 | 1,500,000 | 1,500,000 |
| Accrued Liabilities including amounts due to related parties of $1,382,500 and $1,154,166, respectively | 3,189,993 | 2,825,777 | 2,053,265 | 2,054,438 | 1,646,378 | 547,575 | 260,215 | 1,235,001 |
| Tenant Security and Home Sale Deposits | 1,059,403 | 957,714 | 892,726 | 879,676 | 863,961 | 810,280 | 754,079 | 705,195 |
| 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; 26,929 and 21,584 shares issued and outstanding and redemption value $26,928,919 and $21,584,002 as of September 30, 2023 and December 31, 2022, respectively | 25,443,409 | 25,488,375 | 23,812,360 | 20,177,187 | 14,888,366 | 11,168,125 | 9,248,879 | — |
| Total Liabilities | 126,976,165 | 126,261,418 | 118,105,833 | 107,959,238 | 96,759,278 | 79,217,204 | 70,932,196 | 64,374,140 |
| Series A Cumulative Redeemable Convertible Preferred Stock, par value $0.01 per share; 4,000,000 shares authorized; 1,826,000 shares issued and outstanding and redemption value $6,847,500 as of September 30, 2023 and December 31, 2022 | 6,450,197 | 6,336,166 | 6,222,041 | 6,107,916 | 6,129,145 | 6,077,521 | 5,959,646 | 5,841,771 |
| Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share; 1,000,000 shares authorized; 747,951 shares issued and outstanding and redemption value $11,219,265 as of September 30, 2023 and December 31, 2022 | 9,667,030 | 9,485,426 | 9,303,822 | 9,122,218 | 8,940,614 | 8,887,102 | 8,702,848 | 8,518,594 |
| Series D Cumulative Redeemable Preferred Stock, par value $0.01 per share; 75,000 shares authorized; 3,143 and 0 shares issued and outstanding and redemption value $3,146,831 and $0 as of September 30, 2023 and December 31, 2022, respectively | 2,846,060 | 654,666 | — | — | — | — | — | — |
| Deficit | ||||||||
| Common Stock, par value $0.01 per share; 200,000,000 shares authorized; 12,493,012 shares are issued and outstanding as of September 30, 2023 and December 31, 2022 | 124,930 | 124,930 | 124,930 | 124,930 | 124,780 | 124,120 | 124,037 | 124,037 |
| Additional Paid in Capital | — | — | — | (5,428,984) | — | — | — | — |
| Additional Paid in Capital | (6,848,712) | (6,277,812) | (5,856,037) | — | (4,952,551) | (4,179,314) | (3,659,162) | (3,160,712) |
| Accumulated Deficit | (18,555,748) | (16,499,783) | (14,456,564) | (12,521,376) | (11,186,912) | (6,395,718) | (5,302,657) | (4,672,537) |
| Total Manufactured Housing Properties Inc. Deficit | (25,279,530) | (22,652,665) | (20,187,671) | (17,825,430) | (16,014,683) | (10,450,912) | (8,837,782) | (7,709,212) |
| Non-controlling interest in Variable Interest Entities | (2,526,441) | (2,276,426) | (1,982,643) | (1,770,789) | (1,574,791) | (1,447,998) | (1,167,083) | (977,513) |
| Total Deficit | (27,805,971) | (24,929,091) | (22,170,314) | (19,596,219) | (17,589,474) | (11,898,910) | (10,004,865) | (8,686,725) |
| TOTAL LIABILITIES AND DEFICIT | 118,133,481 | 117,808,585 | 111,461,382 | 103,593,153 | 94,239,563 | 82,282,917 | 75,589,825 | 70,047,780 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.