Manufactured Housing Properties Inc. (MHPC) Financial Statements (2024 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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7455,7115,0901,8973,0702,097
Cash and cash equivalents1,7455,7115,0901,8973,0702,097
Restricted cash and investments5,3755,2225,3155,018810754
Total current assets:7,12010,93310,4066,9153,8812,851
Noncurrent Assets
Property, plant and equipment108,98599,51491,84486,17476,49572,663
Intangible assets, net (including goodwill), including:614     
Intangible assets, net (excluding goodwill)(9)     
Other undisclosed intangible assets, net (including goodwill)623     
Total noncurrent assets:109,59999,51491,84486,17476,49572,663
Other undisclosed assets1,0901,0151,3431,1511,90776
TOTAL ASSETS:117,809111,461103,59394,24082,28375,590
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3061,2291,1541,110915
Accrued liabilities1,3061,2291,1541,110915
Debt90,63184,71479,55074,662  
Total current liabilities:91,93785,94380,70475,772915
Noncurrent Liabilities
Long-term debt and lease obligation     55,11453,456
Long-term debt, excluding current maturities     55,11453,456
Total noncurrent liabilities:     55,11453,456
Other undisclosed liabilities34,32432,16327,25520,98824,09417,461
Total liabilities:126,261118,106107,95996,75979,21770,932
Equity
Equity, attributable to parent(22,653)(20,188)(17,825)(16,015)(10,451)(8,838)
Common stock125125125125124124
Additional paid in capital(6,278)(5,856)(5,429)(4,953)(4,179)(3,659)
Accumulated deficit(16,500)(14,457)(12,521)(11,187)(6,396)(5,303)
Equity, attributable to noncontrolling interest(2,276)(1,983)(1,771)(1,575)(1,448)(1,167)
Total equity:(24,929)(22,170)(19,596)(17,589)(11,899)(10,005)
Other undisclosed liabilities and equity16,47615,52615,23015,07014,96514,662
TOTAL LIABILITIES AND EQUITY:117,809111,461103,59394,24082,28375,590

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues4,4244,2574,0603,7163,3713,055
Cost of revenue
(Cost of Goods and Services Sold)
(348)(276)(1,758)(288)(327)(221)
Gross profit:4,0753,9822,3023,4283,0442,834
Operating expenses(6,731)(6,375)(5,663)(8,883)(4,715)(3,845)
Operating loss:(2,655)(2,393)(3,361)(5,454)(1,671)(1,011)
Nonoperating income
(Other Nonoperating income)
    1  
Interest and debt expense(2,293)(2,053)(4,125)(77)(1,235)(1,102)
Loss from continuing operations before equity method investments, income taxes:(4,948)(4,446)(7,486)(5,530)(2,906)(2,112)
Other undisclosed income from continuing operations before income taxes2,6412,3295,9863641,5621,323
Loss from continuing operations:(2,307)(2,117)(1,500)(5,166)(1,344)(790)
Loss before gain (loss) on sale of properties:(5,166)(1,344)(790)
Net loss:(2,307)(2,117)(1,500)(5,166)(1,344)(790)
Net income attributable to noncontrolling interest264182166376251790
Net loss attributable to parent:(2,043)(1,935)(1,334)(4,790)(1,093) 
Other undisclosed net loss available to common stockholders, basic(538)(537)(541)(523)(548)(1,178)
Net loss available to common stockholders, diluted:(2,581)(2,472)(1,875)(5,313)(1,641)(1,178)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(2,307)(2,117)(1,500)(5,166)(1,344)(790)
Comprehensive loss:(2,307)(2,117)(1,500)(5,166)(1,344)(790)
Comprehensive income, net of tax, attributable to noncontrolling interest264182166376251790
Comprehensive loss, net of tax, attributable to parent:(2,043)(1,935)(1,334)(4,790)(1,093) 

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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