XML 98 R89.htm IDEA: XBRL DOCUMENT v3.23.2
BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Cash $ 12,238,835 $ 51,504,887
Accounts receivable 1,976,334 2,086,018
Homes under construction and finished homes 163,997,487 123,000,199
Developed lots 16,205,448 17,025,273
Due from related party 1,437,235  
Lot purchase agreement deposits 3,804,436 2,946,001
Investment in Joint Venture 186,086  
Property and equipment, net 1,385,698 1,590,353
Operating right-of-use assets 1,001,277  
Prepaid expenses and other assets 6,112,044 4,107,254
Total Assets 208,344,880 202,259,985
Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders' Deficit:    
Accounts payable 22,077,240 28,741,054
Homebuilding debt and other affiliate debt 120,797,006 102,502,287
Operating lease liabilities 1,001,277  
Other accrued expenses and liabilities 5,465,321 4,458,232
Total Liabilities 149,340,844 135,701,573
Commitments and Contingencies
Total Shareholders' and Other Affiliates' Net investment    
Shareholders' and other affiliates' net investment 100,322,957 83,586,722
Net due to and due from shareholders and other affiliates (41,318,921) (17,028,310)
Total Shareholders' and Other Affiliates' Net investment 59,004,036 66,558,412
Total Liabilities and Stockholders' equity $ 208,344,880 $ 202,259,985