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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 568,189 $ 4,149,511
Non-Cash Adjustments:    
Depreciation 3,437,672 2,389,854
Amortization of Financing Costs 116,580 71,190
Stock Compensation Expense 223,797 132,580
Increase in Provision for Uncollectible Notes and Other Receivables 213,776 147,205
Gain on Sales of Securities Transactions, net (508,403) (3,310,028)
Loss on Sales of Investment Property and Equipment 22,644 12,861
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes 1,679,688 98,667
Notes and Other Receivables (605,728) (1,756,702)
Prepaid Expenses and Other Assets 309,527 (468,158)
Accounts Payable 128,093 104,722
Accrued Liabilities and Deposits (16,065) (451,141)
Tenant Security Deposits 264,285 557,884
Net Cash Provided by Operating Activities 5,834,055 1,678,445
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities, net of mortgages assumed (6,837,261) (67,500,000)
Purchase of Investment Property and Equipment (6,564,391) (5,534,035)
Proceeds from Sales of Assets 112,650 167,403
Additions to Land Development (99,499) (190,195)
Purchase of Securities Available for Sale (1,153,766) (2,018,694)
Proceeds from Sales of Securities Available for Sale 3,538,309 15,239,333
Net Cash Used in Investing Activities (11,003,958) (59,836,188)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages, net of mortgages assumed    53,760,000
Net Proceeds on short term borrowing 4,504,287 1,700,580
Principal Payments of Mortgages and Loans (1,111,615) (888,874)
Financing Costs on Debt (241,177) (704,190)
Proceeds from Issuance of Common Stock, net of reinvestments 7,454,456 6,444,772
Preferred Dividends Paid (1,889,147) (1,889,147)
Common Dividends Paid, net of reinvestments (3,401,283) (2,814,591)
Net Cash Provided by Financing Activities 5,315,521 55,608,550
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 145,618 (2,549,193)
CASH AND CASH EQUIVALENTS-BEGINNING OF PERIOD 7,615,143 11,035,824
CASH AND CASH EQUIVALENTS-END OF PERIOD $ 7,760,761 $ 8,486,631