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Inventories (Tables) | 12 Months Ended
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Dec. 31, 2024
Capitalized Interest Costs, Including Allowance for Funds Used During Construction [Abstract] |
Schedule of Inventory, Current | 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 |
Capitalized Interest Activity | 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 Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483489/210-10-50-1 + Details
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