Company: LEGH
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001558370-25-007424
Chunk: 1

Company: Legacy Housing Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1.Financial Statements

LEGACY HOUSING CORPORATION

CONDENSED BALANCE SHEETS 

(in thousands, except share and per share data)

​

​​​​​​​​    March 31,     December 31, ​​2025​2024Assets​​​​​​Current assets: ​   ​  Cash​$ 3,414​$ 1,149Accounts receivable, net​  4,982​  3,985Dealer financed receivables, net​​ 31,678​​ 32,585Consumer loans receivable, current​  8,867​  8,623Notes receivable from mobile home parks (“MHP”), current​  22,422​  23,770Other notes receivable, current​  13,072​  12,152Inventories, net​  41,404​  37,538Prepaid expenses and other current assets​  4,705​  4,504Total current assets​  130,544​  124,306Consumer loans receivable, net​  170,607​  165,482Notes receivable from mobile home parks (“MHP”), net​  180,244​  182,694Other notes receivable, net​  2,744​  2,764Other assets - leased mobile homes​​ 4,185​​ 4,557ROU assets - operating leases​​ 1,207​​ 1,321Other assets​  6,630​  5,485Property, plant and equipment, net​  48,445​  47,585Total assets​$ 544,606​$ 534,194Liabilities and Stockholders' Equity​   ​   Current liabilities:​   ​   Accounts payable​$ 2,979​$ 5,091Accrued liabilities​  15,238​  13,672Customer deposits​  2,285​  1,880Escrow liability​  12,388​  11,623Operating lease obligation​​ 461​​ 476Total current liabilities​  33,351​  32,742Long‑term liabilities:​   ​   Operating lease obligation, less current portion​​ 816​​ 920Lines of credit​  —​  —Deferred income taxes, net​​