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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 922,499 $ 2,044,914
Non-Cash Adjustments:    
Depreciation 8,679,469 7,110,126
Amortization of Financing Costs 265,889 255,441
Stock Compensation Expense 453,678 562,896
Increase in Provision for Uncollectible Notes and Other Receivables 532,530 455,913
Gain on Sales of Securities Transactions, net (79,748) (1,215,457)
(Gain) Loss on Sales of Investment Property and Equipment 69,216 (23,551)
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (1,810,611) (3,141,207)
Notes and Other Receivables 1,231,705 116,946
Prepaid Expenses and Other Assets (1,793,057) 300,138
Accounts Payable 932,400 894,012
Accrued Liabilities and Deposits 523,496 231,913
Tenant Security Deposits 319,327 354,608
Net Cash Provided by Operating Activities 10,246,793 7,946,692
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities, net of mortgages assumed (10,326,524) (6,837,261)
Purchase of Investment Property and Equipment (20,349,094) (15,126,286)
Proceeds from Sales of Assets 262,578 511,514
Additions to Land Development (263,228) (162,832)
Purchase of Securities Available for Sale (7,528,787) (5,018,926)
Proceeds from Sales of Securities Available for Sale 1,051,503 7,088,440
Net Cash Used in Investing Activities (37,153,552) (19,545,351)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages, net of mortgages assumed 57,655,000 0
Net Proceeds (Payments) on Short Term Borrowings (12,502,890) 13,874,850
Principal Payments of Mortgages (18,304,724) (2,268,260)
Financing Costs on Debt (1,211,513) (241,177)
Proceeds from Issuance of Common Stock, net of reinvestments 13,973,648 14,336,379
Proceeds from Exercise of Stock Options 151,200 0
Preferred Dividends Paid (3,778,294) (3,778,294)
Common Dividends Paid, net of reinvestments (8,127,627) (6,931,849)
Net Cash Provided by Financing Activities 27,854,800 14,991,649
Net Increase In Cash and Cash Equivalents 948,041 3,392,990
Cash and Cash Equivalents at Beginning of Period 8,082,792 7,615,143
CASH AND CASH EQUIVALENTS-END OF PERIOD $ 9,030,833 $ 11,008,133