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Inventories | 12 Months Ended
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Dec. 31, 2024
Capitalized Interest Costs, Including Allowance for Funds Used During Construction [Abstract] |
Inventories | Note 7 - Inventories The following table and descriptions summarize the Company’s inventory as of December 31, 2024 and December 31, 2023:
| December 31, 2024 |  | December 31, 2023
Pre-acquisition land costs | $ | 4,736,858 |  |  | $ | — |
Land under development | — |  |  | 8,846,666 |
Developed lots | 15,490,849 |  |  | 26,380,906 |
Homes under construction | 43,981,627 |  |  | 100,929,615 |
Finished homes | 75,060,952 |  |  | 46,652,515 |
Total inventory | $ | 139,270,286 |  |  | $ | 182,809,702 |
Developed lots that were self developed or purchased at fair value from third parties and related parties was $15,490,849 and $22,046,804 as of December 31, 2024 and December 31, 2023, respectively. The Company capitalizes into Inventories interest costs incurred on homes under construction during the construction period until they are substantially complete. A summary of capitalized interest is as follows:
| 2024 |  | 2023
Capitalized interest at beginning of the period: | $ | 3,026,082 |  |  | $ | 1,250,460 |
Interest incurred | 21,124,373 |  |  | 17,203,950 |
Interest expensed: |  |  |
Amortized to cost of sales | (8,563,039) |  |  | (9,385,970) |
Directly to interest expense | (12,438,514) |  |  | (6,042,358) |
Capitalized interest at December 31: | $ | 3,148,902 |  |  | $ | 3,026,082 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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