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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5,090 | 2,106 | 1,989 | 4,146 | 458 | 80 | |||
Cash and cash equivalents | 5,090 | 2,106 | 1,989 | 4,146 | 458 | 80 | |||
Restricted cash and investments | 5,315 | 339 | |||||||
Receivables | 270 | ||||||||
Other undisclosed current assets | 50 | ||||||||
Total current assets: | 10,406 | 2,106 | 2,328 | 4,146 | 458 | 400 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 91,844 | 66,852 | 32,218 | 28,597 | 11,140 | 6,556 | |||
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: | 91,844 | 66,852 | 32,218 | 28,597 | 11,140 | 5 | |||
Other undisclosed assets | 1,343 | 1,089 | 7,851 | 5,409 | 995 | 6,556 | |||
TOTAL ASSETS: | 103,593 | 70,048 | 42,397 | 38,152 | 12,593 | 6,961 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,154 | 1,516 | 2,506 | ||||||
Accounts payable | 931 | ||||||||
Accrued liabilities | 1,154 | 1,516 | 1,575 | ||||||
Debt | 79,550 | 3,338 | |||||||
Due to related parties | ✕ | 218 | |||||||
Other undisclosed current liabilities | (1,286) | ||||||||
Total current liabilities: | 80,704 | 1,516 | 4,776 | ||||||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 50,956 | 32,313 | 700 | ||||||
Long-term debt, excluding current maturities | 50,956 | 32,313 | 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: | 50,956 | 32,313 | 1,283 | ||||||
Other undisclosed liabilities | 27,255 | 11,903 | 2,932 | 31,982 | 13,546 | ||||
Total liabilities: | 107,959 | 64,374 | 35,245 | 31,982 | 13,546 | 6,059 | |||
Equity | |||||||||
Equity, attributable to parent | (17,825) | (7,709) | (5,372) | (2,713) | (1,246) | 902 | |||
Common stock | 125 | 124 | 124 | 123 | 104 | 518 | |||
Additional paid in capital | (5,429) | (3,161) | (1,053) | 1,004 | 452 | 15,018 | |||
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 equity | 15,230 | 14,360 | 12,074 | 8,882 | |||||
TOTAL LIABILITIES AND EQUITY: | 103,593 | 70,048 | 42,397 | 38,152 | 12,593 | 6,961 |
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 | ||
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Revenues | 14,202 | 8,362 | 6,381 | 3,022 | 2,000 | 2,362 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,362 | |
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: | 11,641 | 5,930 | 5,042 | 2,787 | 1,865 | 847 | ||
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) | 1 | 139 | ||||||
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 taxes | 8,190 | 2,601 | 4,062 | 1,547 | 1,137 | |||
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 interest | 953 | (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 interest | 953 | (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.