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Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013
--- | --- | ---
Assets |  |
Cash and cash equivalents | $ 26,120 | $ 35,261
Real estate inventories | 542,037 | 455,642
Contracts and accounts receivable | 3,965 | 1,697
Deferred tax assets | 4,611 | 4,611
Other assets | 24,454 | 8,824
Total Assets | 601,187 | 506,035
Liabilities and Stockholders' Equity |  |
Accounts payable | 20,640 | 23,397
Accrued liabilities | 19,466 | 22,220
Notes payable | 227,128 | 138,112
Total Liabilities | 267,234 | 183,729
Stockholders' Equity: |  |
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares outstanding as of June 30, 2014 and December 31, 2013, respectively | 0 | 0
Common stock, $0.01 par value, 500,000,000 shares authorized; 31,632,533 and 31,597,907 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively | 316 | 316
Additional paid-in capital | 312,103 | 310,878
Retained earnings | 21,534 | 11,112
Total Stockholders' Equity | 333,953 | 322,306
Total Liabilities and Stockholders' Equity | $ 601,187 | $ 506,035

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