Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 342,810 $ 105,778
Cash held in escrow 4,079 11,618
Restricted cash 443 4,270
Real estate inventories (including related party interest of $7,509 and $18,721, respectively) 844,792 687,819
Due from affiliates 4,465 2,663
Investment in and advances to unconsolidated joint ventures (including related party interest of $70 and $1,320, respectively) 470 21,342
Goodwill 24,457 20,705
Other assets (including right-of-use assets with a related party of $2,010 and $0, respectively) 43,998 41,569
Total assets 1,265,514 895,764
Liabilities    
Accounts payable 73,734 36,243
Accrued expenses and other liabilities (including lease liabilities with a related party of $2,010 and $0, respectively) 97,724 62,869
Due to affiliates 2,357 2,357
Warrant liability 9,185 0
Notes and other debts payable, net 461,117 264,809
Total liabilities 644,117 366,278
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, none issued and outstanding as of December 31, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 46,281,091 and 32,557,303 issued and outstanding as of December 31, 2021 and December 31, 2020 5 3
Additional paid-in capital 535,345 496,171
Retained earnings 84,797 32,011
Total stockholders' equity 620,147 528,185
Noncontrolling interests 1,250 1,301
Total equity 621,397 529,486
Total liabilities and equity $ 1,265,514 $ 895,764