Other Liabilities

3 Months Ended

Mar. 31, 2025

Other Liabilities Disclosure [Abstract]

Other Liabilities

Note 6. Other Liabilities

Other liabilities as of March 31, 2025 and December 31, 2024 were as follows:

	March 31,		December 31,
(in thousands)	2025		2024
Dividend payable (1)	$	63,081	$	-
Seller notes payable (2)		13,000
Deal costs payable (3)		2,817		-
Accrued interest payable (4)		1,809		-
Income tax payable (5)		4,314		-
Total other liabilities	$	85,021	$	-

(1) Payable for dividend declared by the Company on March 17, 2025, and paid on April 15, 2025. See Note 10.

(2) Loan payable to lender specific to a community acquired from Lennar.

(3) Deal costs payable related to Spin-Off.

(4) Accrued interest payable for Revolving Credit Facility.

(5) Federal income tax payable $3.6 million and state income tax payable $0.7 million.