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Inventories
 12 Months Ended
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, 2024December 31, 2023
Pre-acquisition land costs$4,736,858 $— 
Land under development— 8,846,666 
Developed lots15,490,849 26,380,906 
Homes under construction43,981,627 100,929,615 
Finished homes75,060,952 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:
20242023
Capitalized interest at beginning of the period:$3,026,082 $1,250,460 
Interest incurred21,124,373 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