Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations are organized into two reportable segments: homebuilding and fee building. In accordance with ASC 280, in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply.

The reportable segments follow the same accounting policies as our consolidated financial statements described in Note 1. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Financial information relating to reportable segments was as follows:

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015		2014
Revenues
Homebuilding	$	19,202,004	$	9,606,622		$	75,437,767	$	14,657,942
Fee building	26,428,808		12,897,269			73,058,271		33,409,355
Total	$	45,630,812	$	22,503,891		$	148,496,038	$	48,067,297
Gross profit
Homebuilding	$	2,005,864	$	1,688,990		$	9,962,103	$	2,758,172
Fee building	1,219,917		(126,010		)	4,072,630		934,609
Total	$	3,225,781	$	1,562,980		$	14,034,733	$	3,692,781

	June 30,		December 31,
	2015		2014
Assets
Homebuilding	$	352,232,834	$	275,611,173
Fee building	6,430,714		16,346,933
Total	$	358,663,548	$	291,958,106