MHPC · As filed with the SEC
Manufactured Housing Properties cash flow 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 Cash Flows (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 | Q2 2022† 3 months ended Jun 30, 2022 | Q1 2022 3 months ended Mar 31, 2022 | Q4 2021† 3 months ended Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||||||
| Net Loss | — | — | (2,117,042) | — | — | — | (789,690) | — |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Stock option expense | — | — | — | — | — | — | — | 27,982† |
| Stock option expense | — | — | 109,974 | — | — | — | 49,760 | — |
| Amortization of debt discount | — | — | 310,512 | — | — | — | 162,328 | — |
| Write off acquisition and development pursuit costs | — | — | 19,806 | — | — | — | 59,486 | — |
| Gain on debt extinguishment | — | — | — | — | — | — | — | 0† |
| (Gain) Loss on Home Sales | — | — | 18,505 | — | — | — | 17,465 | — |
| Depreciation and amortization | — | — | 1,023,015 | — | — | — | 759,704 | — |
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | — | — | 142,187 | — | — | — | 15,182 | — |
| Other assets | — | — | 257,376 | — | — | — | 269,602 | — |
| Accounts payable | — | — | 25,386 | — | — | — | 33,547 | — |
| Tenant security deposits | — | — | 13,050 | — | — | — | 48,884 | — |
| Accrued liabilities | — | — | (303,477) | — | — | — | (728,086) | — |
| Net Used in Operating Activities | — | — | (500,708) | — | — | — | (101,818) | — |
| Cash Flows from Investing Activities: | ||||||||
| Capital improvements | — | — | (446,055) | — | — | — | (764,907) | — |
| Proceeds from sales of homes | — | — | 112,300 | — | — | — | 15,000 | — |
| Payment of acquisition costs | — | — | — | — | — | — | — | (321,397)† |
| Proceeds from sale of community | — | — | 242,356 | — | — | — | — | — |
| Purchases of investment properties | — | — | (2,570,000) | — | — | — | (1,050,000) | — |
| Payment of pursuit costs | — | — | (231,141) | — | — | — | (66,071) | — |
| Payment of acquisition costs | — | — | (107,832) | — | — | — | (163,578) | — |
| Net Cash Used in Investing Activities | — | — | (3,000,372) | — | — | — | (2,029,556) | — |
| Cash Flows from Financing Activities: | ||||||||
| Repayment of lines of credit upon refinance - VIEs | — | — | — | 0† | — | — | — | — |
| Repayment of notes payable | — | — | (15,955) | — | — | — | (1,699,464) | — |
| Proceeds from lines of credit - VIEs | — | — | — | — | — | — | 700,000 | — |
| Repayment of lines of credit - VIEs | — | — | (110,644) | — | — | — | (47,952) | — |
| Proceeds from exercise of options | — | — | 1,329,417 | — | — | — | — | — |
| Proceeds from issuance of preferred stock | — | — | 3,874,917 | — | — | — | 4,289,444 | — |
| Payment of debt costs and Series C Preferred Stock costs recorded as debt discount | — | — | — | — | — | — | (847,499) | (599,185)† |
| Payment of debt costs and Series C Preferred Stock costs recorded as debt discount | — | — | (636,614) | — | — | — | — | — |
| Redemption of Preferred Stock | — | — | (65,000) | — | — | — | — | — |
| Fees paid in advance for debt | — | — | (78,675) | — | — | — | — | — |
| Contribution to VIE | — | — | — | — | — | — | — | 0† |
| Series A, Series B and Series D Preferred share dividends | — | — | (238,998) | — | — | — | (242,785) | — |
| Distributions from VIE | — | — | (30,000) | — | — | — | (30,000) | — |
| Net Cash Provided by Financing Activities | — | — | 4,028,448 | — | — | — | 2,121,744 | — |
| Net change in cash, cash equivalents and restricted cash | — | — | 527,368 | — | — | — | (9,630) | — |
| Cash, cash equivalents and restricted cash at beginning of the period | 7,119,816 | 10,932,983 | 10,405,615 | 6,914,918 | 3,070,280 | 2,096,699 | 2,106,329 | 2,202,262 |
| Cash, cash equivalents and restricted cash at end of the period | 7,205,430 | 7,119,816 | 10,932,983 | 10,405,615 | 6,914,918 | 3,070,280 | 2,096,699 | 2,106,329 |
| Cash, cash equivalents and restricted cash consist of the following: | ||||||||
| Cash and cash equivalents | — | — | — | — | — | — | — | 1,401,134 |
| End of period | ||||||||
| Cash and cash equivalents | 1,966,633 | 1,745,129 | 5,710,926 | 5,090,369 | 1,896,839 | 2,260,000 | 1,342,620 | 1,401,134 |
| Restricted cash | 5,238,797 | 5,374,687 | 5,222,057 | 5,315,246 | 5,018,079 | 810,280 | 754,079 | 705,195 |
| Total | 7,205,430 | 7,119,816 | 10,932,983 | 10,405,615 | 6,914,918 | 3,070,280 | 2,096,699 | 2,106,329 |
| Beginning of period | ||||||||
| Cash and cash equivalents | — | — | 5,090,369 | — | — | — | 1,401,134 | 1,649,705 |
| Restricted cash | 5,374,687 | 5,222,057 | 5,315,246 | 5,018,079 | 810,280 | 754,079 | 705,195 | 541,620 |
| Total | 7,119,816 | 10,932,983 | 10,405,615 | 6,914,918 | 3,070,280 | 2,096,699 | 2,106,329 | 2,202,262 |
| Cash paid for: | ||||||||
| Interest | — | — | 1,195,172 | — | — | — | 784,735 | — |
| Series C Preferred share dividends included in interest expense | — | — | 373,773 | — | — | — | 96,126 | — |
| Non-Cash Investing and Financing Activities | ||||||||
| Notes and lines of credit related to acquisitions and capital improvements | — | — | — | — | — | — | — | 12,377,026† |
| Notes and lines of credit related to acquisitions and capital improvements | — | — | 5,399,120 | — | — | — | 4,624,414 | — |
| Non-cash Series A and B Preferred Stock accretion | — | — | — | 297,875† | 277,198† | 302,129† | 302,125 | 302,130† |
| Non-cash Series A, B and D Preferred Stock accretion | — | — | 295,729 | — | — | — | — | — |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.