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Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 2,044,914 $ 5,768,950
Non-Cash Adjustments:    
Depreciation 7,110,126 5,399,094
Amortization of Financing Costs 255,441 167,380
Stock Compensation Expense 562,896 409,377
Increase in Provision for Uncollectible Notes and Other Receivables 455,913 287,195
Gain on Sales of Securities Transactions, net (1,215,457) (3,681,010)
(Gain) Loss on Sales of Investment Property and Equipment (23,551) 64,909
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (3,141,207) (2,309,391)
Notes and Other Receivables 116,946 (2,341,396)
Prepaid Expenses and Other Assets 300,138 (694,761)
Accounts Payable 894,012 39,307
Accrued Liabilities and Deposits 231,913 15,167
Tenant Security Deposits 354,608 643,683
Net Cash Provided by Operating Activities 7,946,692 3,768,504
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities, net of mortgages assumed (6,837,261) (74,750,000)
Purchase of Investment Property and Equipment (15,126,286) (12,018,348)
Proceeds from Sales of Assets 511,514 575,180
Additions to Land Development (162,832) (313,116)
Purchase of Securities Available for Sale (5,018,926) (7,681,655)
Proceeds from Sales of Securities Available for Sale 7,088,440 16,977,586
Net Cash Used in Investing Activities (19,545,351) (77,210,353)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages, net of mortgages assumed    53,760,000
Net Proceeds on short term borrowing 13,874,850 26,679,248
Principal Payments of Mortgages and Loans (2,268,260) (7,633,710)
Financing Costs on Debt (241,177) (969,183)
Proceeds from Issuance of Common Stock, net of reinvestments 14,336,379 14,267,230
Preferred Dividends Paid (3,778,294) (3,778,294)
Common Dividends Paid, net of reinvestments (6,931,849) (5,576,935)
Net Cash Provided by Financing Activities 14,991,649 76,748,356
NET INCREASE IN CASH AND CASH EQUIVALENTS 3,392,990 3,306,507
CASH AND CASH EQUIVALENTS-BEGINNING OF PERIOD 7,615,143 11,035,824
CASH AND CASH EQUIVALENTS-END OF PERIOD $ 11,008,133 $ 14,342,331