Harbor Custom Development Investor Presentation Deck
Condensed
Consolidated
Statements of
Cash Flows
(Unaudited)
HARBOR CUSTOM DEVELOPMENT | INVESTOR DECK
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation
Amortization of right of use assets
Lease incentives
Loss on sale of equipment
Provision for loss on contract
Impairment loss on real estate
Stock compensation
Amortization of revolver issuance costs
Net change in assets and liabilities:
Accounts receivable
Contract assets
Notes receivable
Prepaid expenses and other assets
Real estate
Deferred tax asset
Accounts payable and accrued expenses
Contract liabilities
Deferred revenue
Payments on right of use liability, net of incentives
NET CASH USED IN OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
Proceeds on the sale of equipment
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Construction loans
Payments on construction loans
Financing fees construction loans
Related party construction loans
Payments on related party construction loans
Financing fees related party construction loans
Revolving line of credit loan
Payments on revolving line of credit loan
Financing fees revolving line of credit loan
Payments on note payable insurance
Payments on equipment loans
Payments on financing leases
Preferred dividends
Proceeds from exercise of stock options
NET CASH PROVIDED BY FINANCING ACTIVITIES
NET DECREASE IN CASH AND RESTRICTED CASH
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD
CASH AND RESTRICTED CASH AT END OF PERIOD
$
$
Three Months Ended March 31,
2023
(4,861,800)
95,000
48,100
36,200
23,800
1,555,800
83,400
640,300
467,300
2,135,000
2,689,800
(13,149,200)
(1,277,500)
(309,500)
151,000
98,300
(60,100)
(11,634,100)
128,500
128,500
17,866,800
(3,002,300)
(224,800)
(75,000)
(2,106,500)
(163,000)
(2,055,900)
(74,800)
(634,700)
9,529,800
(1,975,800)
10,262,900
8,287,100
$
$
2022
1,645,300
303,800
195,500
260,100
242,400
45,700
(63,700)
(471,900)
(10,746,800)
691,500
(6,347,500)
(365,100)
5,254,600
78,200
(123.200)
(9.401.100)
(1,042,600)
(1,042,600)
6,640,800
(6,930,800)
(577,500)
3,757,300
(3,838,700)
12,038,900
(1,097,700)
(384,500)
(471,000)
(43,500)
(2,012,500)
8,600
7,089,400
(3,354,300)
26,226,800
22,872,500
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