Manufactured Housing Properties Inc. (MHPC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1061,9894,14645880876513
Cash and cash equivalents2,1061,9894,14645880876513
Restricted cash and investments 339     
Receivables    270287334
Disposal group, including discontinued operation      779
Prepaid expense and other current assets77
Other undisclosed current assets    5054 
Total current assets:2,1062,3284,1464584001,2171,702
Noncurrent Assets
Property, plant and equipment66,85232,21828,59711,1406,5565,0465,518
Oil and gas property, successful effort method    6,5565,0605,462
Oil and gas property, full cost method    16,046  
Other noncurrent assets    55
Prepaid expense and other noncurrent assets5
Other undisclosed noncurrent assets    (29,158)(10,106)(10,348)
Total noncurrent assets:66,85232,21828,59711,14055638
Other undisclosed assets1,0897,8515,4099956,5565,0465,518
TOTAL ASSETS:70,04842,39738,15212,5936,9616,2687,858
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,516   2,5062,0392,337
Accounts payable    931550724
Accrued liabilities1,516   1,5751,4891,613
Debt    3,3383,7114,995
Derivative instruments and hedges, liabilities      5
Due to related parties    218  
Other undisclosed current liabilities    (1,286)(1,836)(2,421)
Total current liabilities:1,516   4,7763,9144,915
Noncurrent Liabilities
Long-term debt and lease obligation50,95632,313  700 194
Long-term debt, excluding current maturities50,95632,313  700 194
Liabilities, other than long-term debt    1,2831,736908
Asset retirement obligations    479436399
Deferred tax liabilities, net 8041,301509
Other undisclosed noncurrent liabilities    (700)  
Total noncurrent liabilities:50,95632,313  1,2831,7361,102
Other undisclosed liabilities11,9032,93231,98213,546   
Total liabilities:64,37435,24531,98213,5466,0595,6506,017
Stockholders' equity
Stockholders' equity attributable to parent(7,709)(5,372)(2,713)(1,246)9026181,841
Common stock1241241231045182727
Additional paid in capital(3,161)(1,053)1,00445215,01813,16012,894
Accumulated deficit(4,673)(4,444)(3,840)(1,801)(14,634)(12,569)(11,080)
Stockholders' equity attributable to noncontrolling interest(978)450 293   
Other undisclosed stockholders' equity  0    
Total stockholders' equity:(8,687)(4,922)(2,712)(953)9026181,841
Other undisclosed liabilities and equity14,36012,0748,882    
TOTAL LIABILITIES AND EQUITY:70,04842,39738,15212,5936,9616,2687,858

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2014
12/31/2013
12/31/2012
Revenues8,3626,3813,0222,0002,3622,6232,840
Revenue, net2,3622,6232,840
Gain on disposition of assets for financial service operations 2,100  
Cost of revenue
(Cost of Goods and Services Sold)
(2,432)(1,338)(235)(135)(1,515)(11)(109)
Gross profit:5,9305,0422,7871,8658472,6122,731
Operating expenses(10,061)(7,294)(5,054)(3,243)(4,689)(2,958)(3,838)
Other undisclosed operating income    1,51511109
Operating loss:(4,130)(2,252)(2,267)(1,377)(2,327)(335)(999)
Nonoperating income
(Other Nonoperating income)
139      
Interest and debt expense(169)(1,962)(1,312)(1,001)(162)(131)(197)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    1(231)27
Loss from continuing operations before equity method investments, income taxes:(4,160)(4,214)(3,580)(2,379)(2,489)(697)(1,169)
Other undisclosed income from continuing operations before income taxes2,6014,0621,5471,137   
Loss from continuing operations before income taxes:(1,559)(152)(2,032)(1,242)(2,489)(697)(1,169)
Income tax expense (benefit)  (6)(8)497(792)398
Net loss:(1,559)(152)(2,039)(1,251)(1,992)(1,489)(771)
Net loss attributable to noncontrolling interest   (46)   
Other undisclosed net income attributable to parent   46   
Net loss attributable to parent:(1,559)(152)(2,039)(1,251)(1,992)(1,489)(771)
Other undisclosed net loss available to common stockholders, basic(1,715)(2,303)(361)    
Net loss available to common stockholders, diluted:(3,274)(2,454)(2,400)(1,251)(1,992)(1,489)(771)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2014
12/31/2013
12/31/2012
Net loss:(1,559)(152)(2,039)(1,251)(1,992)(1,489)(771)
Comprehensive loss:(1,559)(152)(2,039)(1,251)(1,992)(1,489)(771)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (46)   
Comprehensive loss, net of tax, attributable to parent:(1,559)(152)(2,039)(1,296)(1,992)(1,489)(771)

Statements sources

The financial statements are based on the company's filings with the 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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