Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets - (Unaudited)

v3.22.2
Consolidated Balance Sheets - (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 99,681 $ 342,810
Cash held in escrow 4,674 4,079
Restricted cash 0 443
Real estate inventories (including related party interest of $4,548 and $7,509, respectively) 1,134,776 844,792
Due from affiliates 4,880 4,465
Investment in and advances to unconsolidated joint ventures (including related party interest of $0 and $70, respectively) 0 470
Goodwill 68,639 24,457
Other assets (including right-of-use assets with a related party of $1,641 and $2,010, respectively) 81,434 43,998
Total assets 1,394,084 1,265,514
Liabilities    
Accounts payable 85,452 73,734
Accrued expenses and other liabilities (including lease liabilities with a related party of $1,641 and $2,010, respectively) 106,513 97,724
Due to affiliates 2,357 2,357
Warrant liability 0 9,185
Notes and other debts payable, net  534,626 461,117
Total liabilities 728,948 644,117
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, none issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 42,086,330 issued and 40,925,579 outstanding as of June 30, 2022, 46,281,091 issued and outstanding as of December 31, 2021 4 5
Additional paid-in capital 496,170 535,345
Retained earnings 112,797 84,797
Total stockholders' equity 608,971 620,147
Noncontrolling interests 56,165 1,250
Total equity 665,136 621,397
Total liabilities and equity $ 1,394,084 $ 1,265,514