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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | The following tables summarize revenues, gross profit and pre-tax income by segment for the years ended December 31, 2024 and 2023 as well as total assets by segment as of December 31, 2024 and 2023, with reconciliations to the amounts reported for the consolidated company, where applicable:
| Year Ended December 31, 2024
| GSH South Carolina |  | Rosewood |  | Other |  | Corporate (3) |  | Totals
Segment revenue, net (1) | $ | 419,452,667 |  |  | $ | 25,749,898 |  |  | $ | 18,511,452 |  |  | $ | — |  |  | $ | 463,714,017 |
Cost of sales | 337,567,357 |  |  | 24,388,989 |  |  | 17,026,492 |  |  | 4,900,913 |  |  | 383,883,751 |
Segment gross profit | 81,885,310 |  |  | 1,360,909 |  |  | 1,484,960 |  |  | (4,900,913) |  |  | 79,830,266 |
Severance expense | 171,492 |  |  | — |  |  | 1,125,904 |  |  | — |  |  | 1,297,396 |
Selling, general and administrative expense | 48,142,345 |  |  | 1,905,444 |  |  | 3,001,916 |  |  | 20,352,640 |  |  | 73,402,345 |
Other expense, net (2) | 3,417,529 |  |  | 930,042 |  |  | 296,107 |  |  | 7,839,262 |  |  | 12,482,940 |
Total segment income (loss) before taxes | $ | 30,153,944 |  |  | $ | (1,474,577) |  |  | $ | (2,938,967) |  |  | $ | (33,092,815) |  |  | $ | (7,352,415) |
Reconciling items: |  |  |  |  |  |  |  |  |
Reconciling items from equity method investments |  |  |  |  |  |  |  |  | 1,528,984 |
Loss on extinguishment of Convertible Notes |  |  |  |  |  |  |  |  | (45,642,497) |
Change in fair value of derivative liabilities |  |  |  |  |  |  |  |  | 88,652,980 |
Consolidated income before taxes |  |  |  |  |  |  |  |  | $ | 37,187,052 |
| Year Ended December 31, 2024
| GSH South Carolina |  | Rosewood |  | Other |  | Corporate (3) |  | Totals
Assets (excl. goodwill) | $ | 163,993,627 |  |  | $ | 27,913,285 |  |  | $ | 21,379,194 |  |  | $ | 42,812,108 |  |  | $ | 256,098,214 |
Goodwill | 3,573,040 |  |  | 5,206,636 |  |  | 500,000 |  |  | — |  |  | 9,279,676 |
Total segment assets | 167,566,667 |  |  | 33,119,921 |  |  | 21,879,194 |  |  | 42,812,108 |  |  | 265,377,890 |
| Year Ended December 31, 2024
Other segment disclosures | GSH South Carolina |  | Rosewood |  | Other |  | Corporate (3) |  | Totals
Equity in net earnings from investment in joint venture | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,528,984 |  |  | $ | 1,528,984 |
Investment in joint venture | — |  |  | — |  |  | — |  |  | 691,449 |  |  | 691,449 |
Depreciation and amortization | 1,651,938 |  |  | 261,677 |  |  | 12,599 |  |  | 19,082 |  |  | 1,945,296 |
Interest expense | 6,192,317 |  |  | 960,303 |  |  | 569,687 |  |  | 13,279,246 |  |  | 21,001,553 |
| Year Ended December 31, 2023
| GSH South Carolina |  | Rosewood |  | Other |  | Corporate (3) |  | Totals
Segment revenue, net (1) | $ | 417,034,454 |  |  | $ | 4,189,647 |  |  | $ | 250,000 |  |  | $ | — |  |  | $ | 421,474,101 |
Cost of sales | 335,173,174 |  |  | 3,935,663 |  |  | 290,945 |  |  | 2,348,699 |  |  | 341,748,481 |
Segment gross profit | 81,861,280 |  |  | 253,984 |  |  | (40,945) |  |  | (2,348,699) |  |  | 79,725,620 |
Selling, general and administrative expense | 47,870,734 |  |  | 607,733 |  |  | 617,833 |  |  | 15,998,144 |  |  | 65,094,444 |
Other (income), net (2) | (199,383) |  |  | (1,946) |  |  | (172,035) |  |  | 4,135,977 |  |  | 3,762,613 |
Total segment income (loss) before taxes | $ | 34,189,929 |  |  | $ | (351,803) |  |  | $ | (486,743) |  |  | $ | (22,482,820) |  |  | $ | 10,868,563 |
Reconciling items: |  |  |  |  |  |  |  |  |
Reconciling items from equity method investments |  |  |  |  |  |  |  |  | 1,244,091 |
Change in fair value of derivative liabilities |  |  |  |  |  |  |  |  | 115,904,646 |
Consolidated income before taxes |  |  |  |  |  |  |  |  | $ | 128,017,300 |
| Year Ended December 31, 2023
| GSH South Carolina |  | Rosewood |  | Other |  | Corporate (3) |  | Totals
Assets (excl. goodwill) | $ | 224,197,721 |  |  | $ | 26,228,981 |  |  | $ | 16,485,564 |  |  | $ | 26,028,426 |  |  | $ | 292,940,692 |
Goodwill | — |  |  | 5,206,636 |  |  | 500,000 |  |  | — |  |  | 5,706,636 |
Total segment assets | 224,197,721 |  |  | 31,435,617 |  |  | 16,985,564 |  |  | 26,028,426 |  |  | 298,647,328 |
| Year Ended December 31, 2023
Other segment disclosures | GSH South Carolina |  | Rosewood |  | Other |  | Corporate (3) |  | Totals
Equity in net earnings from investment in joint venture | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,244,091 |  |  | $ | 1,244,091 |
Investment in joint venture | — |  |  | — |  |  | — |  |  | 1,430,177 |  |  | 1,430,177 |
Depreciation and amortization | 1,159,672 |  |  | 49,554 |  |  | 5,250 |  |  | 3,302 |  |  | 1,217,778 |
Interest expense | 7,037,271 |  |  | — |  |  | — |  |  | 8,391,057 |  |  | 15,428,328 |
____________ (1)Segment revenues include revenue recognized at a point in time from speculative home closings and revenue recognized over time from construction activities on land owned by customers, in accordance with the Company's revenue recognition policy. (2)Other (income) expense, net includes, among other items, interest expense not attributable to homebuilding activities, investment income, and amortization expense. (3)Corporate items included within consolidated income before taxes includes unallocated corporate overhead, stock-based compensation, corporate interest income and expense, and other corporate level items not allocated to the segments. Similarly, corporate items included within consolidated assets include corporate cash and cash equivalents, deferred tax assets attributable to the corporate entity, and operating lease right-of-use assets.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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