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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net (loss) income $ (204,504,328) $ 17,017,928
Adjustments to reconcile net (loss) income to net cash flows from operating activities:    
Bad debt expense 85,502  
Investment earnings in joint venture (245,808)  
Depreciation 93,942 86,829
Gain on sale of property and equipment (56,543)  
Amortization of deferred financing costs 120,988 85,782
Stock compensation expense 4,499,156 1,268,222
Amortization of operating lease right-of-use assets 204,138 133,064
Change in fair value of contingent earnout liability 203,418,892  
Change in fair value of warrant liabilities 2,723,333  
Change in fair value of equity incentive plan 922,263  
Net change in operating assets and liabilities:    
Accounts receivable 197,768 (1,392,182)
Related party receivable 1,251,423  
Inventories 30,062,060 (8,418,953)
Lot purchase agreement deposits (1,787,241) (121,691)
Prepaid expenses and other assets (10,027) 850,943
Deferred tax asset (2,021,265)  
Accounts payable (11,443,196) 2,209,396
Operating lease liabilities (204,138) (133,064)
Due to related parties 59,825  
Other accrued expenses and liabilities (314,908) (1,078,591)
Net cash flows provided by operating activities 23,051,836 10,507,683
Cash flows from investing activities:    
Purchases of property and equipment (59,229) (19,295)
Proceeds from the sale of property and equipment 66,100  
Capital contribution in joint venture   (49,000)
Net cash flows provided by (used in) investing activities 6,871 (68,295)
Cash flows from financing activities:    
Proceeds from homebuilding debt 40,000,000 20,000,000
Repayments of homebuilding debt (40,579,214) (22,226,052)
Proceeds from other affiliate debt 136,773 2,154,624
Repayments on equipment financing   (5,877)
Payment of deferred financing costs (469,585)  
Distributions and net transfer to shareholders and other affiliates (17,896,302) (25,390,972)
Proceeds from convertible note, net of transaction costs 71,500,000  
Proceeds from PIPE investment and lock up 4,720,427  
Proceeds from Business Combination, net of SPAC transaction costs 30,336,068  
Payment of transaction costs (12,134,293)  
Net cash flows provided by (used in) financing activities 75,613,874 (25,468,277)
Net change in cash and cash equivalents 98,672,581 (15,028,889)
Cash and cash equivalents, beginning of year 12,238,835 51,504,887
Cash and cash equivalents, end of year 110,911,416 36,475,998
Supplemental cash flow information:    
Cash paid for interest 2,315,023 846,181
Non-cash investing and financing activities:    
Additions of right-of-use lease assets and liabilities   1,149,832
Acquisition of developed lots from related parties in settlement of due from Other Affiliates   4,624,810
Promissory note issued in exchange for sale of fixed assets 665,020  
Settlement of co-obligor debt to other affiliates 8,340,545  
Release of guarantor from GSH to shareholder 2,841,034  
Noncash distribution to owner's of Other Affiliates   12,671,122
Earnest money receivable from Other Affiliates 2,521,626  
Recognition of previously capitalized deferred transaction costs 2,932,426  
Modification to existing lease 40,078  
Recognition of derivative liability related to earnout 242,211,404  
Recognition of derivative liability related to equity incentive plan 1,189,685  
Recognition of warrant liability upon Business Combination 1,531,000  
Forfeiture of private placement warrants upon Business Combination (890,001)  
Issuance of common stock upon the reverse recapitalization 39,933,707  
Recognition of deferred tax asset upon Business Combination 1,870,310  
Recognition of income tax payable upon Business Combination 701,871  
Recognition of assumed assets and liabilities upon Business Combination, net 3,588,110  
Total non-cash activities $ 320,147,937 $ 5,774,642