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Inventories (Tables)

12 Months Ended

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

X

- 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.

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
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-Name Accounting Standards Codification
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