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Investment in Unconsolidated Entities | 6 Months Ended
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Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Unconsolidated Entities | INVESTMENT IN UNCONSOLIDATED ENTITIESA summary of the Company’s investments in unconsolidated entities is as follows (in thousands):
|  | June 30, 2021 |  | December 31, 2020
GB Challenger, LLC |  | $ | 33,070 |  |  | $ | 29,488 |
GBTM Sendera, LLC |  | 9,854 |  |  | 9,846 |
EJB River Holdings, LLC |  | 5,769 |  |  | 5,296 |
Green Brick Mortgage, LLC |  | 886 |  |  | 1,207 |
BHome Mortgage, LLC |  | 763 |  |  | 606 |
Total investment in unconsolidated entities |  | $ | 50,342 |  |  | $ | 46,443 |
A summary of the unaudited condensed financial information of the five unconsolidated entities that are accounted for by the equity method is as follows (in thousands):
| June 30, 2021 |  | December 31, 2020
Assets: |  |  |
Cash | $ | 14,131 |  |  | $ | 12,765 |
Accounts receivable | 2,558 |  |  | 1,815 |
Bonds and notes receivable | 5,942 |  |  | 5,942 |
Loans held for sale, at fair value | 35,756 |  |  | 14,530 |
Inventory | 150,154 |  |  | 122,819 |
Other assets | 7,775 |  |  | 8,377 |
Total assets | $ | 216,316 |  |  | $ | 166,248 |
Liabilities: |  |  |
Accounts payable | $ | 7,578 |  |  | $ | 7,171 |
Accrued expenses and other liabilities | 15,712 |  |  | 11,148 |
Notes payable | 99,906 |  |  | 60,642 |
Total liabilities | $ | 123,196 |  |  | $ | 78,961 |
Owners’ equity: |  |  |
Green Brick | $ | 47,652 |  |  | $ | 43,451 |
Others | 45,468 |  |  | 43,836 |
Total owners’ equity | $ | 93,120 |  |  | $ | 87,287 |
Total liabilities and owners’ equity | $ | 216,316 |  |  | $ | 166,248 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenues | $ | 51,737 |  |  | $ | 52,948 |  |  | $ | 91,458 |  |  | $ | 88,313 |
Costs and expenses | 42,492 |  |  | 42,337 |  |  | 74,359 |  |  | 72,152 |
Net earnings of unconsolidated entities | $ | 9,245 |  |  | $ | 10,611 |  |  | $ | 17,099 |  |  | $ | 16,161 |
Company’s share in net earnings of unconsolidated entities | $ | 4,593 |  |  | $ | 5,174 |  |  | $ | 8,484 |  |  | $ | 7,739 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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