v3.22.1
Consolidated Balance Sheets - (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 76,858 $ 342,810
Cash held in escrow 8,349 4,079
Restricted cash 0 443
Real estate inventories (including related party interest of $6,108 and $7,509, respectively) 1,110,423 844,792
Due from affiliates 5,033 4,465
Investment in and advances to unconsolidated joint ventures (including related party interest of $35 and $70, respectively) 186 470
Goodwill 70,242 24,457
Other assets (including right-of-use assets with a related party of $1,827 and $2,010, respectively) 62,671 43,998
Total assets 1,333,762 1,265,514
Liabilities    
Accounts payable 75,212 73,734
Accrued expenses and other liabilities (including lease liabilities with a related party of $1,827 and $2,010, respectively) 116,587 97,724
Due to affiliates 2,357 2,357
Warrant liability 14,740 9,185
Notes and other debts payable, net  494,386 461,117
Total liabilities 703,282 644,117
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, none issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 46,485,156 issued and 46,047,328 outstanding as of March 31, 2022, 46,281,091 issued and outstanding as of December 31, 2021 5 5
Additional paid-in capital 531,367 535,345
Retained earnings 97,862 84,797
Total stockholders' equity 629,234 620,147
Noncontrolling interests 1,246 1,250
Total equity 630,480 621,397
Total liabilities and equity $ 1,333,762 $ 1,265,514

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