What changed in this filing

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Item 8. Financial Statements and Supplementary Data

2023-02-01 compared with 2022-02-04 · 94 added, 125 removed, 487 unchanged (31% of the section changed)

1 unchanged sentence

Index to Consolidated Financial Statements

Report of Independent Registered Public Accounting Firm—Daszkal Bolton LLP

Report of Independent Registered Public Accounting Firm—Daszkal Bolton LLP (auditor ID #229)

Consolidated Balance Sheets

9 unchanged sentences

We have audited the accompanying consolidated balance sheet of Nobility Homes, Inc.

(the “Company”) at November 6, 2021 and October 31, 2020, and the related consolidated statements of income, changes in stockholders’ equity, and cash flows for each of the years in the two-year

(the “Company”) at November 5, 2022 and November 6, 2021, and the related consolidated statements of comprehensive income, changes in stockholders’ equity, and cash flows for each of the years in the two-year

period ended November 5, 2022, and the related notes (collectively referred to as the consolidated financial statements).

20 unchanged sentences

Jupiter, Florida

February 4, 2022

PCAOB ID# 229

Nobility Homes, Inc.

Consolidated Balance Sheets

November 6, 2021 and October 31, 2020

November 6, 2021

October 31,2020

November 5, 2022 and November 6, 2021

Current assets:

5 unchanged sentences

Mortgage notes receivable

Income taxes receivable

Prepaid expenses and other current assets

6 unchanged sentences

Deferred income taxes

Operating lease right of use asset

Operating lease right of use assets

Cash surrender value of life insurance

9 unchanged sentences

Deferred income taxes

Operating lease obligation, less current portion

Total liabilities

Commitments and contingent liabilities

Commitments and contingencies

Stockholders’ equity:

2 unchanged sentences

Common stock, $ .10 par value, 10,000,000 shares authorized;

5,364,907 shares issued, 3,532,100 and 3,631,196 outstanding, respectively

5,364,907 shares issued;

3,370,912 and 3,532,100 shares outstanding, respectively

Additional paid in capital

Retained earnings

Less treasury stock at cost, 1,832,807 shares in 2021 and 1,733,711 shares in 2020

Less treasury stock at cost, 1,993,995 and 1,832,807 shares, respectively

Total stockholders’ equity

3 unchanged sentences

Consolidated Statements of Income

For the years ended November 6, 2021 and October 31, 2020

For the years ended November 5, 2022 and November 6, 2021

Cost of sales

5 unchanged sentences

Proceeds received under escrow arrangement

Increase (decrease) in fair value of equity investment

Gain on sale of assets

(Decrease) increase in fair value of equity investment

Gain on disposal of property, plant and equipment

Miscellaneous

7 unchanged sentences

Consolidated Statements of Changes in Stockholders’ Equity

For the years ended November 6, 2021 and October 31, 2020

Comprehensive

Balance at October 31, 2020

For the years ended November 5, 2022 and November 6, 2021

Paid-in-Capital

Balance at November 6, 2021

Cash dividend

1 unchanged sentence

Stock-based compensation

Exercise of employee stock options

Balance at November 6, 2021

Exercise of employee stock

Balance at November 5, 2022

Adoption of ASU 2016-01

Adoption of ASU 2016-02

Balance at November 2, 2019 as adjusted

Paid-in-Capital

Balance at October 31, 2020

Cash dividend

1 unchanged sentence

Stock-based compensation

Balance at October 31, 202 0

Exercise of employee stock

Balance at November 6, 2021

The accompanying notes are an integral part of these financial statements.

1 unchanged sentence

Consolidated Statements of Cash Flows

For the years ended November 6, 2021 and October 31, 2020

For the years ended November 5, 2022 and November 6, 2021

Cash flows from operating activities:

Adjustments to reconcile net income to net cash provided by operating activities:

Adjustments to reconcile net income to net cash (used in) provided by operating activities:

Deferred income taxes

1 unchanged sentence

Gain on disposal of property, plant and equipment

(Increase) decrease in fair value of equity investments

Decrease (increase) in fair market value of equity investments

Stock-based compensation

4 unchanged sentences

Interest receivable

Income taxes receivable

(Decrease) increase in:

4 unchanged sentences

Customer deposits

Net cash provided by operating activities

Net cash (used in) provided by operating activities

Cash flows from investing activities:

Purchase of property, plant and equipment

Purchase of certificates of deposit

Purchase certificates of deposit

Proceeds from certificates of deposit

3 unchanged sentences

Collections on equipment and other notes receivable

Collections of mobile park Note receivable

Issuance of equipment note receivable

Issuance of mobile home park not receivable

Issuance of mobile home park note receivable

Increase in cash surrender value of life insurance

Net cash provided by investing activities

Net cash (used in) provided by investing activities

Cash flows from financing activities:

Payment of cash dividend

Proceeds from exercise of employee stock options

Proceeds from paycheck protection program

Return of proceeds from paycheck protection program

Proceeds from exercise of employee stock option

Purchase of treasury stock

1 unchanged sentence

Net cash used in financing activities

Increase cash and cash equivalents

(Decrease) increase in cash and cash equivalents

Cash and cash equivalents at beginning of year

Cash and cash equivalents at end of year

Supplemental disclosure of cash flow information:

Supplemental disclosure of cash flows information:

Income taxes paid

Noncash exercise of employee stock options

The accompanying notes are an integral part of these financial statements.

5 unchanged sentences

The Company is engaged in the manufacture and sale of manufactured and modular homes to various dealerships, including its own retail sales centers, and manufactured housing communities throughout Florida.

The Company has one manufacturing plant in operation that is located in Ocala, Florida.

The Company has a manufacturing plant in operation that is located in Ocala, Florida.

At November 5, 2022, Prestige operated ten Florida retail sales centers:

16 unchanged sentences

The Company’s fiscal year ends on the first Saturday on or after October 31.

The year ended November 6, 2021 (fiscal year 2021) consisted of a fifty-three week period and the year ended October 31, 2020 (fiscal year 2020) consisted of a fifty-two

The year ended November 5, 2022 (fiscal year 2022) consisted of a fifty-two-week

period and the year ended November 6, 2021 (fiscal year 2021) consisted of a fifty-three-week period.

Revenue Recognition

18 unchanged sentences

The Company recognizes revenues from its independent dealers upon receiving wholesale floor plan financing or establishing retail credit approval for terms, shipping of the home, and transferring title and risk of loss to the independent dealer.

For wholesale shipments to independent dealers, the Company has no obligation to setup the home or to complete any other significant obligations.

For wholesale shipments to independent dealers, the Company has no obligation to set up the home or to complete any other significant obligations.

The Company recognizes revenues from its wholly owned subsidiary, Mountain Financial, Inc., as follows:

5 unchanged sentences

The Company provides appropriate reserves for policy cancellations based on numerous factors, including past transaction history with customers, historical experience, and other information, which is periodically evaluated and adjusted as deemed necessary.

In the opinion of management, no reserve was deemed necessary for policy cancellations at November 6, 2021 and October 31, 2020.

In the opinion of management, no reserve was deemed necessary for policy cancellations at November 5, 2022 and November 6, 2021.

Sales of homes to affiliated entities that are subject to contingent payment terms are considered inventory consignment arrangements.

3 unchanged sentences

– Revenues by net sales from manufactured housing, pre-owned

homes, and insurance agent commissions for the years ended November 6, 2021 and October 31, 2020 are as follows:

homes, and insurance agent commissions for the years ended November 5, 2022 and November 6, 2021 are as follows:

Manufactured housing

8 unchanged sentences

An allowance for doubtful accounts is provided based on prior collection experiences and management’s analysis of specific accounts.

At November 6, 2021 or October 31, 2020, in the opinion of management, all accounts were considered fully collectible and, accordingly, no allowance was deemed necessary.

At November 5, 2022 or November 6, 2021, in the opinion of management, no material accounts were considered uncollectible and, accordingly, no allowance was deemed necessary.

Accounts receivable fluctuate due to the number of homes sold to independent dealers.

9 unchanged sentences

securities are reflected in the statement of income and comprehensive income.

The accompanying notes are an integral part of these financial statements.

Inventories –

New home inventory is carried at the lower of cost or net realizable value.

New home inventory is carried at a lower of cost or net realizable value.

The cost of finished home inventories determined on the specific identification method is removed from inventories and recorded as a component of cost of sales at the time revenue is recognized.

In addition, an allocation of depreciation and amortization is included in cost of goods sold.

In addition, an allocation of depreciation and amortization is included in the cost of goods sold.

Under the specific identification method, if finished home inventory can be sold for a profit there is no basis to write down the inventory below the lower of cost or net realizable value.

The accompanying notes are an integral part of these financial statements.

Other pre-owned

3 unchanged sentences

The Company acquired this inventory at the amount of the uncollected balance of the financing at the time of the foreclosure/repossessions by 21st Mortgage Corporation.

The Company records this inventory at cost determined on the specific identification method.

The Company records this inventory at a cost determined by the specific identification method.

All of the refurbishment costs are paid by 21 st

8 unchanged sentences

Mortgage to the Company.

As the Company has no risk of loss on the sale, there is no valuation allowance necessary for this inventory.

As the Company has no risk of loss on the sale, there is no valuation allowance necessary for repossessions inventory.

Inventory held at consignment locations by affiliated entities is included in the Company’s inventory on the Company’s consolidated balance sheets.

Consigned inventory was $ 794,766 and $ 1,277,681 as of November 6, 2021 and October 31, 2020, respectively.

Consigned inventory was $ 318,590 and $ 794,766 as of November 5, 2022 and November 6, 2021, respectively.

homes are also taken as trade-ins

1 unchanged sentence

This inventory is recorded at estimated actual wholesale value, which is generally lower than market value, determined on the specific identification method, plus refurbishment costs incurred to date to bring the inventory to a more saleable state.

Inventory amount is reduced where necessary on a unit specific basis by a valuation reserve, which management believes results in inventory being valued at market.

Inventory amount is reduced where necessary on a unit specific basis by a valuation reserve, which management believes results in inventory being valued at net realizable value.

Other inventory costs are determined on a first-in,

8 unchanged sentences

Mortgage Corporation (“21 st

We have been allocated our share of net income and distributions on a 50/50 basis

since Majestic 21’s formation.

We have been allocated our share of net income and distributions on a 50/50 basis since Majestic 21’s formation.

While Majestic 21 has been deemed to be a variable interest entity, the Company only holds a 50 % interest in this entity and all allocations of profit and loss are on a 50/50 basis.

2 unchanged sentences

Management believes that the Company’s maximum exposure to loss as a result of its involvement with Majestic 21 is its investment in the joint venture.

Based on management’s evaluation, there was no impairment of this investment at November 6, 2021 or October 31, 2020.

Based on management’s evaluation, there was no impairment of this investment at November 5, 2022 or November 6, 2021.

The Company entered into an arrangement in 2002 with 21 st

11 unchanged sentences

Customer Deposits –

A retail customer is required to make a down payment ranging from $ 500 to 35 % of the retail contract price based upon the credit worthiness of the customer.

A retail customer is required to make a down payment ranging from $ 500 to 35 % of the retail contract price based upon the creditworthiness of the customer.

The retail customer receives the full down payment back when the Company is not able to obtain retail financing.

2 unchanged sentences

Company Owned Life Insurance

– The Company has purchased life insurance policies on certain key executives.

– The Company has purchased life insurance policies for certain key executives.

Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.

Warranty Costs –

The Company provides for a warranty as the manufactured homes are sold.

The Company provides a warranty as the manufactured homes are sold.

Amounts related to these warranties for fiscal years 2022 and 2021 are as follows:

14 unchanged sentences

The Company has a stock incentive plan (the “Plan”) which authorizes the issuance of options to purchase common stock.

Stock-based compensation is measured at the grant date based on the fair value of the award and is recognized as expense over the period during which an employee is required to provide service in exchange for the award (usually the vesting period).

Stock-based compensation is measured at the grant date based on the fair value of the award and is recognized as an expense over the period during which an employee is required to provide service in exchange for the award (usually the vesting period).

Rebate Program –

6 unchanged sentences

All costs are expensed as incurred.

Advertising expense amounted to approximately $ 141,581 and $ 144,600 for fiscal years 2021 and 2020, respectively.

Advertising expenses amounted to approximately $ 70,123 and $ 141,581 for fiscal years 2022 and 2021, respectively.

The accompanying notes are an integral part of these financial statements.

Income Taxes –

4 unchanged sentences

Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

The accompanying notes are an integral part of these financial statements.

Net Income per Share –

5 unchanged sentences

The related costs associated with shipping and handling is included as a component of cost of goods sold.

Comprehensive Income –

Comprehensive income includes net income as well as other comprehensive income or loss.

The Company’s other comprehensive income or loss consists of unrealized gains or losses on available-for-sale

securities, net of related taxes.

The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information on a company-wide or consolidated basis.

2 unchanged sentences

Major Customers

There were no customers

that accounted for more than 10 % of our total net sales in fiscal year 2021 or 2020.

There were no customers that accounted for more than 10 % of our total net sales in fiscal year 2022.

Concentration of Credit Risk –

1 unchanged sentence

At times, the Company’s deposits may exceed federally insured limits.

However, the Company has not experienced any losses in such accounts and management believes the Company is not exposed to any significant credit risk on these accounts.

However, the Company has not experienced any losses in such accounts and management believes the Company is not exposed to any significant credit risk in these accounts.

The majority of the Company’s sales are credit sales which are made primarily to customers whose ability to pay is dependent upon the industry economics prevailing in the areas where they operate;

5 unchanged sentences

With only a few lenders dedicated to our industry, the loss of any of them could adversely affect our retail sales.

Recently Issued or Adopted Accounting Pronouncements –

In January 2016, the FASB issued ASU No.

“Financial Instruments–Overall:

Recognition and Measurement of Financial Assets and Financial Liabilities”.

The amendments require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under the equity method of accounting or those that result in consolidation of the investee).

The amendments also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments.

In addition, the amendments eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet.

The Company adopted ASU 2016-01

resulting in recognition changes in the fair value of equity investment in earnings.

The accompanying notes are an integral part of these financial statements.

NOTE 2 Investments

2 unchanged sentences

Amortized Cost

Estimated Fair

Equity securities in a public company

The accompanying notes are an integral part of these financial statements.

October 31, 2020

November 6, 2021

Amortized Cost

Estimated Fair

Equity securities in a public company

1 unchanged sentence

NOTE 3 Fair Values of Financial Investments

The carrying amount of cash and cash equivalents, accounts and notes receivable, accounts payable and accrued expenses approximates fair value because of the short maturity of those instruments.

The carrying amount of cash and cash equivalents, accounts and notes receivable, accounts payable and accrued expenses are approximate fair value because of the short maturity of those instruments.

The Company accounts for the fair value of financial investments in accordance with FASB ASC No.

820, “Fair Value Measurements” (ASC 820).

ASC 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability (i.e.

exit price) in an orderly transaction between market participants at the measurement date.

ASC 820 requires disclosures that categorize assets and liabilities measured at fair value into one of three different levels depending on the assumptions (i.e.

inputs) used in the valuation.

ASC 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability (i.e., exit price) in an orderly transaction between market participants at the measurement date.

ASC 820 requires disclosures that categorize assets and liabilities measured at fair value into one of three different levels depending on the assumptions (i.e., inputs) used in the valuation.

Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement.

4 unchanged sentences

Inputs reflect management’s best estimate of what market participants would use in valuing the asset or liability at the measurement date.

The following table represents the Company’s financial assets and liabilities which are carried at fair value at November 6, 2021 and October 31, 2020.

The following table represents the Company’s financial assets and liabilities which are carried at fair value at November 5, 2022 and November 6, 2021.

November 5, 2022

Equity securities in a public company

October 31, 2020

November 6, 2021

Equity securities in a public company

The accompanying notes are an integral part of these financial statements.

NOTE 4 Related Party Transactions

7 unchanged sentences

Repurchase of Common Stock

– In July 2021, the Company repurchased 100,000 shares of common stock from our President at $ 34.68 per share.

The accompanying notes are an integral part of these financial statements.

– In April 2022, the Company repurchased 100,000 shares of common stock from our President at $ 32.61 per share.

NOTE 5 Other Investments

9 unchanged sentences

NOTE 6 Inventories

A breakdown of the elements of inventory at November 6, 2021 and October 31, 2020 is as follows:

A breakdown of the elements of inventory at November 5, 2022 and November 6, 2021 is as follows:

Raw materials

1 unchanged sentence

Inventory consigned to affiliated entities

Finished homes

Finished homes – Nobility

Finished homes – Other

Model home furniture

6 unchanged sentences

November 5, 2022

October 31, 2020

November 6, 2021

Land improvements

4 unchanged sentences

Less accumulated depreciation

Depreciation expense during the years ended November 6, 2021 and October 31, 2020 totaled $ 186,320 and $ 180,047 , respectively.

Depreciation expenses during the years ended November 5, 2022 and November 6, 2021 totaled $ 169,661 and $ 186,320 , respectively.

NOTE 8 Accrued Expenses and Other Current Liabilities

1 unchanged sentence

November 5, 2022

October 31, 2020

November 6, 2021

Accrued warranty expense

19 unchanged sentences

The Company’s income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.

The Company recognizes interest and/or penalties related to income tax matters in income tax expense.

The Company did not reflect any amounts for interest and penalties in its 2021 or 2020 statements of operations, nor are any amounts accrued for interest and penalties at November 6, 2021 and October 31, 2020.

The accompanying notes are an integral part of these financial statements.

The Company recognizes interest and/or penalties related to income tax matters in income tax expense.

The Company did not reflect any amounts for interest and penalties in its 2022 or 2021 statements of operations, nor are any amounts accrued for interest and penalties at November 5, 2022 and November 6, 2021.

The provision for income taxes for the years ended consists of the following:

November 5, 2022

October 31, 2020

November 6, 2021

Current tax expense:

3 unchanged sentences

November 5, 2022

October 31, 2020

November 6, 2021

Provision—federal statutory tax rate

2 unchanged sentences

Permanent differences:

Stock option expirations

Decrease in FL corporate tax rate

Other comprehensive income

Provision for income taxes

1 unchanged sentence

November 5, 2022

October 31, 2020

November 6, 2021

Deferred tax assets:

13 unchanged sentences

November 5, 2022

October 31, 2020

November 6, 2021

Current assets (liabilities):

6 unchanged sentences

Net non-current

deferred tax assets

(liabilities)

deferred tax assets (liabilities)

Net deferred tax assets (liabilities)

9 unchanged sentences

2011 Stock Incentive Plan (the “Plan”), providing for the issuance of options to purchase shares of common stock, stock appreciation rights and other stock-based awards to employees and non-employee

shares were reserved for issuance under the Plan, all of which may be issued pursuant to the exercise of incentive stock options.

A total of 300,000 shares were reserved for issuance under the Plan, all of which may be issued pursuant to the exercise of incentive stock options.

The Plan was amended by the Board of Directors to extend the termination date from June 2021 until June 1, 2026.

1 unchanged sentence

The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award.

The cost is to be recognized over the period during which an employee is required to provide service in exchange for the award (usually the vesting period).

The cost is to be recognized over the period during which an employee is required to provide a service in exchange for the award (usually the vesting period).

The grant date fair value of employee share options and similar instruments will be estimated using option-pricing models adjusted for the unique characteristics of those instruments (unless observable market prices for the same or similar instruments are available).

If an equity award is modified after the grant date, incremental compensation cost will be recognized in an amount equal to the excess of the fair value of the modified award over the fair value of the original award immediately before the modification.

During fiscal years 2021 and 2020, the Company recognized compensation cost related to the vesting of stock options of approximately $ 69,750 and $ 3,624 respectively.

During fiscal years 2022 and 2021, the Company recognized compensation costs related to the vesting of stock options of approximately $ 105,442 and $ 69,750 respectively.

The accompanying notes are an integral part of these financial statements.

A summary of information with respect to options granted is as follows:

Stock Option Price

Outstanding at November 2, 2019

Stock Oprtion Price

Exercies Price

Intrinsic Value

Outstanding at October 31, 2020

2 unchanged sentences

12.10 - 25.75

Outstanding at November 5, 2022

12.10 - 33.10

Options for the exercise of 1,500 shares were exercised on a cashless basis, resulting in the net issuance of 966 shares.

The aggregate intrinsic value in the table above represents total intrinsic value (of options in the money), which is the difference between the Company’s closing stock price on the last trading day of fiscal year 2022 and the exercise price times the number of shares, that would have been received by the option holder had the option holder exercised their options on November 5, 2022.

3 unchanged sentences

Exercise Price

Weighted Average

Contractual Life

Weighted Average

Exercise Price

The fair value of each option is determined using the Black-Scholes option-pricing model which values options based on the stock price at the grant date, the expected life of the option, the estimated volatility of the stock, expected dividend payments, and the risk-free interest rate over the expected life of the option.

9 unchanged sentences

The contribution expense charged to operations amounted to approximately $ 220,100 and $ 219,900 in fiscal years 2022 and 2021, respectively.

The accompanying notes are an integral part of these financial statements.

NOTE 14 Commitments and Contingent Liabilities

Operating Leases –

The Company leases the property for several Prestige retail sales centers from various unrelated entities under operating lease agreements expiring through December 2021.

The Company leases the property for several Prestige retail sales centers from various unrelated entities under operating lease agreements expiring through October 2023.

The Company also leases certain equipment under unrelated operating leases.

The accompanying notes are an integral part of these financial statements.

On November 3, 2019, the Company adopted ASC Topic 842 using the modified retrospective method applied to leases that were in place as of November 3, 2019.

Results for reporting periods beginning after November 3, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 840.

The Company elected the package of practical expedients permitted under the transition guidance, which allows for the historical lease classification to be carried forward, the Company’s assessments on whether a contract is or contains a lease, and the Company’s initial direct costs for any leases that exist prior to adoption of the new standard.

The Company also elected the short-term lease recognition exemption for all leases that qualify.

To determine the present value of minimum future lease payments for operating leases at November 3, 2019, the Company was required to estimate a rate of interest that it would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment (the “incremental borrowing rate” or “IBR”).

The Company determined the appropriate IBR by identifying a reference rate and making adjustments that take into consideration financing options and certain lease-specific circumstances.

For the reference rate, the Company used mortgage interest rates for similar terms.

Right of use assets are included as a non-current

asset in the amount of $ 1,597 , net of amortization in the consolidated Balance Sheet as of November 6, 2021.

Based on the terms of the lease agreements, all of the Company’s leases are classified as operating leases.

The weighted average remaining lease term and weighted average discount rate of the operating leases is .

08 years and 3.0 %, respectively.

Minimum rental payments under operating leases are recognized on a straight-line basis over the term of the lease.

Individual components of the total lease cost incurred by the Company in the amount of $ 179,802 for the twelve months ended November 6, 2021.

Other Contingent Liabilities –

1 unchanged sentence

In the opinion of management, the ultimate outcome of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Accordingly, the Company has not made any accrual provisions for litigation in the accompanying consolidated financial statements.

Accordingly, the Company has made an accrual provision of $ 150,000 for litigation settlements in the accompanying consolidated financial statements.

The Company does not maintain casualty insurance on some of its property, including the inventory at our retail centers, our plant machinery and plant equipment and is at risk for those types of losses.

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 8. Financial Statements and Supplementary Data