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Business acquisitions (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Recognized Identified Assets Acquired and Liabilities Assumed
The final purchase price allocation is as follows:
Purchase Price Allocation
Inventories$10,478,116 
Lot deposits3,055,500 
Property and equipment, net20,000 
Intangible assets442,000 
Goodwill3,573,040 
Liabilities(4,825,761)
Total purchase price$12,742,895 
The final purchase price allocation is as follows:
Purchase Price Allocation
Cash acquired$543,421 
Inventories23,672,172 
Lot deposits912,220 
Other assets58,681 
Property and equipment, net703,872 
Intangible assets1,380,000 
Goodwill5,206,636 
Liabilities(7,795,054)
Total purchase price$24,681,948 
Pro Forma Information
The following unaudited pro forma consolidated results of operations are provided for illustrative purposes only and have been presented as if the Creekside acquisition had occurred on January 1, 2023. The disclosure of Rosewood and Herring Homes is included for comparative purposes and reflects revenue and net income balances as if the acquisitions closed on January 1, 2022. Unaudited pro forma net income adjusts the operating results of the stated acquisitions to reflect the additional costs that would have been recorded assuming the fair value adjustments had been applied as of the beginning of the year preceding the year of acquisition, including the tax-effected amortization of the inventory step-up and transaction costs. This unaudited pro forma information should not be relied upon as being indicative of the historical results that would have been obtained if the acquisition had occurred on that date, nor of the results that may be obtained in the future.
Year Ended December 31,
Unaudited Pro Forma20242023
Revenue$465,013,122 $485,929,400 
Net income $47,981,318 $127,115,590