Manufactured Housing Properties Inc. (MHPC) Financial Statements (2025 and earlier)

Company Profile

Business Address 136 MAIN STREET
PINEVILLE, NC 28134
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0902,1061,9894,14645880
Cash and cash equivalents5,0902,1061,9894,14645880
Restricted cash and investments5,315 339   
Receivables      270
Other undisclosed current assets      50
Total current assets:10,4062,1062,3284,146458400
Noncurrent Assets
Property, plant and equipment91,84466,85232,21828,59711,1406,556
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment      6,556
Oil and gas, full cost method, property and equipment, after accumulated depletion      16,046
Intangible assets, net (including goodwill)      
Intangible assets, net (excluding goodwill)      
Other undisclosed intangible assets, net (including goodwill)      
Other noncurrent assets      5
Other undisclosed noncurrent assets      (29,158)
Total noncurrent assets:91,84466,85232,21828,59711,1405
Other undisclosed assets1,3431,0897,8515,4099956,556
TOTAL ASSETS:103,59370,04842,39738,15212,5936,961
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1541,516   2,506
Accounts payable      931
Accrued liabilities1,1541,516   1,575
Debt79,550    3,338
Due to related parties     218
Other undisclosed current liabilities      (1,286)
Total current liabilities:80,7041,516   4,776
Noncurrent Liabilities
Long-term debt and lease obligation  50,95632,313  700
Long-term debt, excluding current maturities  50,95632,313  700
Liabilities, other than long-term debt      1,283
Asset retirement obligations      479
Deferred tax liabilities, net 804
Other undisclosed noncurrent liabilities      (700)
Total noncurrent liabilities:  50,95632,313  1,283
Other undisclosed liabilities27,25511,9032,93231,98213,546 
Total liabilities:107,95964,37435,24531,98213,5466,059
Equity
Equity, attributable to parent(17,825)(7,709)(5,372)(2,713)(1,246)902
Common stock125124124123104518
Additional paid in capital(5,429)(3,161)(1,053)1,00445215,018
Accumulated deficit(12,521)(4,673)(4,444)(3,840)(1,801)(14,634)
Equity, attributable to noncontrolling interest(1,771)(978)450 293 
Other undisclosed equity    0  
Total equity:(19,596)(8,687)(4,922)(2,712)(953)902
Other undisclosed liabilities and equity15,23014,36012,0748,882  
TOTAL LIABILITIES AND EQUITY:103,59370,04842,39738,15212,5936,961

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2014
Revenues14,2028,3626,3813,0222,0002,362
Revenue, net2,362
Gain on disposition of assets for financial service operations   2,100  
Cost of revenue
(Cost of Goods and Services Sold)
(2,561)(2,432)(1,338)(235)(135)(1,515)
Gross profit:11,6415,9305,0422,7871,865847
Operating expenses(23,106)(10,061)(7,294)(5,054)(3,243)(4,689)
Other undisclosed operating income      1,515
Operating loss:(11,465)(4,130)(2,252)(2,267)(1,377)(2,327)
Nonoperating income
(Other Nonoperating income)
 1139    
Interest and debt expense(5,526)(169)(1,962)(1,312)(1,001)(162)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Loss from continuing operations before equity method investments, income taxes:(16,990)(4,160)(4,214)(3,580)(2,379)(2,489)
Other undisclosed income from continuing operations before income taxes8,1902,6014,0621,5471,137 
Loss from continuing operations before income taxes:(8,800)(1,559)(152)(2,032)(1,242)(2,489)
Income tax expense (benefit)    (6)(8)497
Loss from continuing operations:(8,800)(1,559)(152)(2,039)(1,251)(1,992)
Loss before gain (loss) on sale of properties:(1,559)(152)(2,039)(1,251)(1,992)
Net loss:(8,800)(1,559)(152)(2,039)(1,251)(1,992)
Net income (loss) attributable to noncontrolling interest953   (46) 
Other undisclosed net income attributable to parent     46 
Net loss attributable to parent:(7,848)(1,559)(152)(2,039)(1,251)(1,992)
Other undisclosed net loss available to common stockholders, basic(2,160)(1,715)(2,303)(361)  
Net loss available to common stockholders, diluted:(10,008)(3,274)(2,454)(2,400)(1,251)(1,992)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2014
Net loss:(8,800)(1,559)(152)(2,039)(1,251)(1,992)
Comprehensive loss:(8,800)(1,559)(152)(2,039)(1,251)(1,992)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest953   (46) 
Comprehensive loss, net of tax, attributable to parent:(7,848)(1,559)(152)(2,039)(1,296)(1,992)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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