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Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2012
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET JUNE 30, 2012 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | 133,691 |  |  | $ | 1,097,006 |  |  | $ | 79,781 |  |  | $ | — |  |  | $ | 1,310,478 |
Restricted cash | 66,920 |  |  | 4,601 |  |  | 15,274 |  |  | — |  |  | 86,795 |
House and land inventory | — |  |  | 4,547,762 |  |  | 4,131 |  |  | — |  |  | 4,551,893 |
Land held for sale | — |  |  | 139,346 |  |  | — |  |  | — |  |  | 139,346 |
Land, not owned, under option agreements | — |  |  | 10,482 |  |  | — |  |  | — |  |  | 10,482 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 234,334 |  |  | — |  |  | 234,334 |
Securities purchased under agreements to resell | 88,145 |  |  | — |  |  | (88,145 | ) |  | — |  |  | — |
Investments in unconsolidated entities | 1,529 |  |  | 27,034 |  |  | 3,013 |  |  | — |  |  | 31,576 |
Income taxes receivable | 28,897 |  |  | — |  |  | — |  |  | — |  |  | 28,897 |
Other assets | 18,549 |  |  | 349,015 |  |  | 35,662 |  |  | — |  |  | 403,226 |
Intangible assets | — |  |  | 155,798 |  |  | — |  |  | — |  |  | 155,798 |
Deferred income tax assets | (17,133 | ) |  | 23 |  |  | 17,110 |  |  | — |  |  | — |
Investments in subsidiaries and intercompany accounts, net | 5,026,364 |  |  | 6,252,083 |  |  | 5,933,545 |  |  | (17,211,992 | ) |  | — |
| $ | 5,346,962 |  |  | $ | 12,583,150 |  |  | $ | 6,234,705 |  |  | $ | (17,211,992 | ) |  | $ | 6,952,825 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 65,889 |  |  | $ | 1,342,219 |  |  | $ | 263,645 |  |  | $ | — |  |  | $ | 1,671,753 |
Income tax liabilities | 212,477 |  |  | — |  |  | — |  |  | — |  |  | 212,477 |
Senior notes | 3,093,548 |  |  | — |  |  | — |  |  | — |  |  | 3,093,548 |
Total liabilities | 3,371,914 |  |  | 1,342,219 |  |  | 263,645 |  |  | — |  |  | 4,977,778 |
Total shareholders’ equity | 1,975,048 |  |  | 11,240,931 |  |  | 5,971,060 |  |  | (17,211,992 | ) |  | 1,975,047 |
| $ | 5,346,962 |  |  | $ | 12,583,150 |  |  | $ | 6,234,705 |  |  | $ | (17,211,992 | ) |  | $ | 6,952,825 |
CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2011 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | 119,287 |  |  | $ | 875,561 |  |  | $ | 88,223 |  |  | $ | — |  |  | $ | 1,083,071 |
Restricted cash | 83,199 |  |  | 3,255 |  |  | 15,406 |  |  | — |  |  | 101,860 |
House and land inventory | — |  |  | 4,632,337 |  |  | 4,131 |  |  | — |  |  | 4,636,468 |
Land held for sale | — |  |  | 135,307 |  |  | — |  |  | — |  |  | 135,307 |
Land, not owned, under option agreements | — |  |  | 24,905 |  |  | — |  |  | — |  |  | 24,905 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 258,075 |  |  | — |  |  | 258,075 |
Securities purchased under agreements to resell | 127,327 |  |  | — |  |  | (127,327 | ) |  | — |  |  | — |
Investments in unconsolidated entities | 1,527 |  |  | 31,836 |  |  | 2,625 |  |  | — |  |  | 35,988 |
Income taxes receivable | 27,154 |  |  | — |  |  | — |  |  | — |  |  | 27,154 |
Other assets | 20,983 |  |  | 364,747 |  |  | 34,714 |  |  | — |  |  | 420,444 |
Intangible assets | — |  |  | 162,348 |  |  | — |  |  | — |  |  | 162,348 |
Deferred income tax assets | (15,517 | ) |  | 23 |  |  | 15,494 |  |  | — |  |  | — |
Investments in subsidiaries and intercompany accounts, net | 4,937,002 |  |  | 6,533,838 |  |  | 6,366,758 |  |  | (17,837,598 | ) |  | — |
| $ | 5,300,962 |  |  | $ | 12,764,157 |  |  | $ | 6,658,099 |  |  | $ | (17,837,598 | ) |  | $ | 6,885,620 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 70,690 |  |  | $ | 1,310,972 |  |  | $ | 273,686 |  |  | $ | — |  |  | $ | 1,655,348 |
Income tax liabilities | 203,313 |  |  | — |  |  | — |  |  | — |  |  | 203,313 |
Senior notes | 3,088,344 |  |  | — |  |  | — |  |  | — |  |  | 3,088,344 |
Total liabilities | 3,362,347 |  |  | 1,310,972 |  |  | 273,686 |  |  | — |  |  | 4,947,005 |
Total shareholders’ equity | 1,938,615 |  |  | 11,453,185 |  |  | 6,384,413 |  |  | (17,837,598 | ) |  | 1,938,615 |
| $ | 5,300,962 |  |  | $ | 12,764,157 |  |  | $ | 6,658,099 |  |  | $ | (17,837,598 | ) |  | $ | 6,885,620 |
Consolidating Statement of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended June 30, 2012 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,024,405 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,024,405 |
Land sale revenues | — |  |  | 8,749 |  |  | — |  |  | — |  |  | 8,749 |
| — |  |  | 1,033,154 |  |  | — |  |  | — |  |  | 1,033,154 |
Financial Services | — |  |  | 457 |  |  | 35,794 |  |  | — |  |  | 36,251 |
| — |  |  | 1,033,611 |  |  | 35,794 |  |  | — |  |  | 1,069,405 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 869,379 |  |  | — |  |  | — |  |  | 869,379 |
Land sale cost of revenues | — |  |  | 7,611 |  |  | — |  |  | — |  |  | 7,611 |
| — |  |  | 876,990 |  |  | — |  |  | — |  |  | 876,990 |
Financial Services expenses | 104 |  |  | 160 |  |  | 20,063 |  |  | — |  |  | 20,327 |
Selling, general and administrative expenses | — |  |  | 123,259 |  |  | 927 |  |  | — |  |  | 124,186 |
Other expense (income), net | — |  |  | 8,167 |  |  | 2,331 |  |  | — |  |  | 10,498 |
Interest income | (61 | ) |  | (1,081 | ) |  | (22 | ) |  | — |  |  | (1,164 | )
Interest expense | 198 |  |  | — |  |  | — |  |  | — |  |  | 198 |
Intercompany interest | 153,332 |  |  | (149,938 | ) |  | (3,394 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | — |  |  | (1,246 | ) |  | (310 | ) |  | — |  |  | (1,556 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (153,573 | ) |  | 177,300 |  |  | 16,199 |  |  | — |  |  | 39,926 |
Income tax expense (benefit) | (9,935 | ) |  | 1,550 |  |  | 5,875 |  |  | — |  |  | (2,510 | )
Income (loss) before equity in income (loss) of subsidiaries | (143,638 | ) |  | 175,750 |  |  | 10,324 |  |  | — |  |  | 42,436 |
Equity in income (loss) of subsidiaries | 186,074 |  |  | 10,254 |  |  | 95,463 |  |  | (291,791 | ) |  | — |
Net income (loss) | 42,436 |  |  | 186,004 |  |  | 105,787 |  |  | (291,791 | ) |  | 42,436 |
Other comprehensive income (loss) | 58 |  |  | — |  |  | — |  |  | — |  |  | 58 |
Comprehensive income (loss) | $ | 42,494 |  |  | $ | 186,004 |  |  | $ | 105,787 |  |  | $ | (291,791 | ) |  | $ | 42,494 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended June 30, 2011 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 899,763 |  |  | $ | — |  |  | $ | — |  |  | $ | 899,763 |
Land sale revenues | — |  |  | 5,068 |  |  | — |  |  | — |  |  | 5,068 |
| — |  |  | 904,831 |  |  | — |  |  | — |  |  | 904,831 |
Financial Services | — |  |  | 286 |  |  | 22,095 |  |  | — |  |  | 22,381 |
| — |  |  | 905,117 |  |  | 22,095 |  |  | — |  |  | 927,212 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 789,678 |  |  | — |  |  | — |  |  | 789,678 |
Land sale cost of revenues | — |  |  | 3,787 |  |  | — |  |  | — |  |  | 3,787 |
| — |  |  | 793,465 |  |  | — |  |  | — |  |  | 793,465 |
Financial Services expenses | 183 |  |  | 55 |  |  | 38,815 |  |  | — |  |  | 39,053 |
Selling, general and administrative expenses | 9,823 |  |  | 126,996 |  |  | 1,561 |  |  | — |  |  | 138,380 |
Other expense (income), net | 3,496 |  |  | 8,749 |  |  | (577 | ) |  | — |  |  | 11,668 |
Interest income | (88 | ) |  | (976 | ) |  | (81 | ) |  | — |  |  | (1,145 | )
Interest expense | 317 |  |  | — |  |  | — |  |  | — |  |  | 317 |
Intercompany interest | 10,691 |  |  | (8,088 | ) |  | (2,603 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | (1 | ) |  | (1,174 | ) |  | (18 | ) |  | — |  |  | (1,193 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (24,421 | ) |  | (13,910 | ) |  | (15,002 | ) |  | — |  |  | (53,333 | )
Income tax expense (benefit) | 1,065 |  |  | 2,118 |  |  | (1,131 | ) |  | — |  |  | 2,052 |
Income (loss) before equity in income (loss) of subsidiaries | (25,486 | ) |  | (16,028 | ) |  | (13,871 | ) |  | — |  |  | (55,385 | )
Equity in income (loss) of subsidiaries | (29,899 | ) |  | (13,004 | ) |  | (53,921 | ) |  | 96,824 |  |  | — |
Net income (loss) | (55,385 | ) |  | (29,032 | ) |  | (67,792 | ) |  | 96,824 |  |  | (55,385 | )
Other comprehensive income (loss) | 64 |  |  | — |  |  | — |  |  | — |  |  | 64 |
Comprehensive income (loss) | $ | (55,321 | ) |  | $ | (29,032 | ) |  | $ | (67,792 | ) |  | $ | 96,824 |  |  | $ | (55,321 | )
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the six months ended June 30, 2012 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,838,191 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,838,191 |
Land sale revenues | — |  |  | 47,147 |  |  | — |  |  | — |  |  | 47,147 |
| — |  |  | 1,885,338 |  |  | — |  |  | — |  |  | 1,885,338 |
Financial Services | — |  |  | 830 |  |  | 64,273 |  |  | — |  |  | 65,103 |
| — |  |  | 1,886,168 |  |  | 64,273 |  |  | — |  |  | 1,950,441 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 1,581,545 |  |  | — |  |  | — |  |  | 1,581,545 |
Land sale cost of revenues | — |  |  | 41,008 |  |  | — |  |  | — |  |  | 41,008 |
| — |  |  | 1,622,553 |  |  | — |  |  | — |  |  | 1,622,553 |
Financial Services expenses | 170 |  |  | 273 |  |  | 41,893 |  |  | — |  |  | 42,336 |
Selling, general and administrative expenses | — |  |  | 245,666 |  |  | 1,834 |  |  | — |  |  | 247,500 |
Other expense (income), net | (20 | ) |  | 14,459 |  |  | 2,678 |  |  | — |  |  | 17,117 |
Interest income | (123 | ) |  | (2,194 | ) |  | (46 | ) |  | — |  |  | (2,363 | )
Interest expense | 415 |  |  | — |  |  | — |  |  | — |  |  | 415 |
Intercompany interest | 262,466 |  |  | (255,830 | ) |  | (6,636 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | (2 | ) |  | (3,162 | ) |  | (388 | ) |  | — |  |  | (3,552 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (262,906 | ) |  | 264,403 |  |  | 24,938 |  |  | — |  |  | 26,435 |
Income tax expense (benefit) | 19,256 |  |  | (4,194 | ) |  | (19,397 | ) |  | — |  |  | (4,335 | )
Income (loss) before equity in income (loss) of subsidiaries | (282,162 | ) |  | 268,597 |  |  | 44,335 |  |  | — |  |  | 30,770 |
Equity in income (loss) of subsidiaries | 312,932 |  |  | 44,736 |  |  | 145,594 |  |  | (503,262 | ) |  | — |
Net income (loss) | 30,770 |  |  | 313,333 |  |  | 189,929 |  |  | (503,262 | ) |  | 30,770 |
Other comprehensive income (loss) | 115 |  |  | — |  |  | — |  |  | — |  |  | 115 |
Comprehensive income (loss) | $ | 30,885 |  |  | $ | 313,333 |  |  | $ | 189,929 |  |  | $ | (503,262 | ) |  | $ | 30,885 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the six months ended June 30, 2011 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,682,234 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,682,234 |
Land sale revenues | — |  |  | 6,364 |  |  | — |  |  | — |  |  | 6,364 |
| — |  |  | 1,688,598 |  |  | — |  |  | — |  |  | 1,688,598 |
Financial Services | — |  |  | 569 |  |  | 43,247 |  |  | — |  |  | 43,816 |
| — |  |  | 1,689,167 |  |  | 43,247 |  |  | — |  |  | 1,732,414 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 1,474,708 |  |  | — |  |  | — |  |  | 1,474,708 |
Land sale cost of revenues | — |  |  | 4,717 |  |  | — |  |  | — |  |  | 4,717 |
| — |  |  | 1,479,425 |  |  | — |  |  | — |  |  | 1,479,425 |
Financial Services expenses | 328 |  |  | 201 |  |  | 58,997 |  |  | — |  |  | 59,526 |
Selling, general and administrative expenses | 20,816 |  |  | 256,289 |  |  | 3,721 |  |  | — |  |  | 280,826 |
Other expense (income), net | 3,537 |  |  | 13,492 |  |  | (1,451 | ) |  | — |  |  | 15,578 |
Interest income | (88 | ) |  | (2,303 | ) |  | (191 | ) |  | — |  |  | (2,582 | )
Interest expense | 668 |  |  | — |  |  | — |  |  | — |  |  | 668 |
Intercompany interest | 21,403 |  |  | (16,732 | ) |  | (4,671 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | (1 | ) |  | (2,223 | ) |  | (78 | ) |  | — |  |  | (2,302 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (46,663 | ) |  | (38,982 | ) |  | (13,080 | ) |  | — |  |  | (98,725 | )
Income tax expense (benefit) | 358 |  |  | (3,683 | ) |  | (489 | ) |  | — |  |  | (3,814 | )
Income (loss) before equity in income (loss) of subsidiaries | (47,021 | ) |  | (35,299 | ) |  | (12,591 | ) |  | — |  |  | (94,911 | )
Equity in income (loss) of subsidiaries | (47,890 | ) |  | (11,444 | ) |  | (121,232 | ) |  | 180,566 |  |  | — |
Net income (loss) | (94,911 | ) |  | (46,743 | ) |  | (133,823 | ) |  | 180,566 |  |  | (94,911 | )
Other comprehensive income (loss) | 22 |  |  | — |  |  | — |  |  | — |  |  | 22 |
Comprehensive income (loss) | $ | (94,889 | ) |  | $ | (46,743 | ) |  | $ | (133,823 | ) |  | $ | 180,566 |  |  | $ | (94,889 | )
Consolidating Statement Of Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2012 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | (272,489 | ) |  | $ | 420,574 |  |  | $ | 63,455 |  |  | $ | — |  |  | $ | 211,540 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Distributions from unconsolidated entities | — |  |  | 2,696 |  |  | — |  |  | — |  |  | 2,696 |
Investments in unconsolidated entities | — |  |  | (858 | ) |  | — |  |  | — |  |  | (858 | )
Net change in loans held for investment | — |  |  | — |  |  | 627 |  |  | — |  |  | 627 |
Change in restricted cash related to letters of credit | 16,280 |  |  | — |  |  | — |  |  | — |  |  | 16,280 |
Proceeds from the sale of fixed assets | — |  |  | 4,627 |  |  | — |  |  | — |  |  | 4,627 |
Capital expenditures | — |  |  | (5,451 | ) |  | (1,546 | ) |  | — |  |  | (6,997 | )
Net cash provided by (used in) investing activities | 16,280 |  |  | 1,014 |  |  | (919 | ) |  | — |  |  | 16,375 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Borrowings (repayments) under credit arrangements | — |  |  | 400 |  |  | — |  |  | — |  |  | 400 |
Intercompany activities, net | 271,521 |  |  | (200,543 | ) |  | (70,978 | ) |  | — |  |  | — |
Stock repurchases | (908 | ) |  | — |  |  | — |  |  | — |  |  | (908 | )
Net cash provided by (used in) financing activities | 270,613 |  |  | (200,143 | ) |  | (70,978 | ) |  | — |  |  | (508 | )
Net increase (decrease) in cash and equivalents | 14,404 |  |  | 221,445 |  |  | (8,442 | ) |  | — |  |  | 227,407 |
Cash and equivalents at beginning of period | 119,287 |  |  | 875,561 |  |  | 88,223 |  |  | — |  |  | 1,083,071 |
Cash and equivalents at end of period | $ | 133,691 |  |  | $ | 1,097,006 |  |  | $ | 79,781 |  |  | $ | — |  |  | $ | 1,310,478 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2011 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | (31,096 | ) |  | $ | (192,930 | ) |  | $ | 4,699 |  |  | $ | — |  |  | $ | (219,327 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Distributions from unconsolidated entities | — |  |  | 3,856 |  |  | — |  |  | — |  |  | 3,856 |
Investments in unconsolidated entities | — |  |  | (3,184 | ) |  | — |  |  | — |  |  | (3,184 | )
Net change in loans held for investment | — |  |  | — |  |  | 519 |  |  | — |  |  | 519 |
Change in restricted cash related to letters of credit | (103,940 | ) |  | — |  |  | — |  |  | — |  |  | (103,940 | )
Proceeds from the sale of fixed assets | — |  |  | 9,178 |  |  | — |  |  | — |  |  | 9,178 |
Capital expenditures | — |  |  | (9,249 | ) |  | (1,599 | ) |  | — |  |  | (10,848 | )
Net cash provided by (used in) investing activities | (103,940 | ) |  | 601 |  |  | (1,080 | ) |  | — |  |  | (104,419 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Borrowings (repayments) under credit arrangements | (69,311 | ) |  | 480 |  |  | — |  |  | — |  |  | (68,831 | )
Intercompany activities, net | 294,696 |  |  | (249,760 | ) |  | (44,936 | ) |  | — |  |  | — |
Stock repurchases | (1,956 | ) |  | — |  |  | — |  |  | — |  |  | (1,956 | )
Net cash provided by (used in) financing activities | 223,429 |  |  | (249,280 | ) |  | (44,936 | ) |  | — |  |  | (70,787 | )
Net increase (decrease) in cash and equivalents | 88,393 |  |  | (441,609 | ) |  | (41,317 | ) |  | — |  |  | (394,533 | )
Cash and equivalents at beginning of period | 10,000 |  |  | 1,106,623 |  |  | 366,767 |  |  | — |  |  | 1,483,390 |
Cash and equivalents at end of period | $ | 98,393 |  |  | $ | 665,014 |  |  | $ | 325,450 |  |  | $ | — |  |  | $ | 1,088,857 |

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