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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 2,674,185 $ 6,569,827
Non-Cash Adjustments:    
Depreciation 11,051,344 8,468,603
Amortization of Financing Costs 384,387 255,370
Stock Compensation Expense 742,920 637,079
Increase in Provision for Uncollectible Notes and Other Receivables 736,864 442,083
Gain on Sales of Securities Transactions, net (1,272,803) (3,793,925)
(Gain) Loss on Sales of Investment Property and Equipment 3,292 (17,580)
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (1,833,084) (2,971,551)
Notes and Other Receivables 657,506 (4,543,346)
Prepaid Expenses and Other Assets 73,444 (3,717,059)
Accounts Payable 668,354 1,044,163
Accrued Liabilities and Deposits 97,117 636,934
Tenant Security Deposits 528,093 701,878
Net Cash Provided by Operating Activities 14,511,619 3,712,476
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities, net of mortgages assumed (15,879,551) (74,750,000)
Purchase of Investment Property and Equipment (28,514,929) (20,252,444)
Proceeds from Sales of Assets 680,198 838,848
Additions to Land Development (216,093) (443,338)
Purchase of Securities Available for Sale (7,880,763) (15,041,535)
Proceeds from Sales of Securities Available for Sale 7,498,778 17,232,900
Net Cash Used in Investing Activities (44,312,360) (92,415,569)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages, net of mortgages assumed 0 53,760,000
Net Proceeds on short term borrowing 23,229,143 32,684,692
Principal Payments of Mortgages and Loans (3,448,553) (8,648,831)
Financing Costs on Debt (440,745) (994,183)
Proceeds from Issuance of Common Stock, net of reinvestments 21,750,265 22,831,429
Proceeds from Exercise of Stock Options 16,260 0
Preferred Dividends Paid (5,667,441) (5,667,441)
Common Dividends Paid, net of reinvestments (10,596,078) (8,510,922)
Net Cash Provided by Financing Activities 24,842,851 85,454,744
NET DECREASE IN CASH AND CASH EQUIVALENTS (4,957,890) (3,248,349)
CASH AND CASH EQUIVALENTS-BEGINNING OF PERIOD 7,615,143 11,035,824
CASH AND CASH EQUIVALENTS-END OF PERIOD $ 2,657,253 $ 7,787,475