Post-effective amendment to a registration statement that is not immediately effective upon filing

Consolidated Balance Sheet

v3.20.4
Consolidated Balance Sheet - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 68,986 $ 161,405
Total assets 109,812,830 162,485,391
Liabilities    
Accounts payable 1,961,576 121,516
Total liabilities 9,935,377 6,503,981
Stockholders’ equity:    
Additional paid-in capital 99,730,418 2,757,412
Retained earnings 145,608 2,242,103
Total stockholders’ equity 99,877,453 5,000,009
Total Liabilities and Stockholders’ Equity 109,812,830 162,485,391
Landsea Homes [Member]    
Assets    
Cash and cash equivalents 105,778,000 154,043,000
Cash held in escrow 11,618,000 8,836,000
Restricted cash 4,270,000 2,335,000
Real estate inventories (including related party interest of $18,721 and $24,405, respectively) 687,819,000 598,179,000
Due from affiliates 2,663,000 432,000
Investment in and advances to unconsolidated joint ventures (including related party interest of $1,320 and $2,466, respectively) 21,342,000 42,956,000
Notes receivable from lot sales 0 25,000
Goodwill 20,705,000 5,315,000
Other assets 41,569,000 27,096,000
Total assets 895,764,000 839,217,000
Liabilities    
Accounts payable 36,243,000 16,490,000
Accrued expenses and other liabilities 62,869,000 48,046,000
Due to affiliates 2,357,000 1,347,000
Notes and other debts payable, net 264,809,000 189,964,000
Total liabilities 366,278,000 255,847,000
Stockholders’ equity:    
Common stock, $0.0001 par value, 1,000 shares authorized and outstanding as of December 31, 2020 and December 31, 2019 0 0
Additional paid-in capital 496,174,000 524,516,000
Retained earnings 32,011,000 40,962,000
Total stockholders’ equity 528,185,000 565,478,000
Noncontrolling interests 1,301,000 17,892,000
Total equity 529,486,000 583,370,000
Total Liabilities and Stockholders’ Equity $ 895,764,000 $ 839,217,000