Landsea Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Description of Organization and Business Operations (Details Narrative)

Description of Organization and Business Operations (Details Narrative) - USD ($)		1 Months Ended							3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 04, 2019	Sep. 17, 2020	Aug. 31, 2020	Jul. 16, 2020	Jun. 16, 2020	Jun. 22, 2018	Apr. 30, 2018	Aug. 31, 2017	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Sale of units per share									$ 10.57	$ 10.57
Deferred underwriting commissions									$ 5,433,750	$ 5,433,750	$ 5,433,750
Cash placed in a trust account									$ 129,127,500	$ 129,127,500	162,019,909
Percentage of asset held in trust account										80.00%
Business combination, percentage of voting securities									50.00%	50.00%
Tax obligation, maximum amount									$ 100,000	$ 100,000
Business Combination, minimum amount of net tangible assets									5,000,001	5,000,001
Cash									173,764	173,764	161,405	$ 330,570	$ 196,804
Woking capital									3,600,000	3,600,000
Tax obligations									127,000	$ 127,000
Working capital loan repayment description										The Working Capital Loans will either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1.5 million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.00 per warrant. The warrants would be identical to the Private Placement Warrants. On March 4, 2019, the Company issued the Convertible Note (as defined in Note 5) to the Sponsor, pursuant to which the Sponsor agreed to provide a Working Capital Loan to the Company of up to $1.5 million. The Company was provided $750,000 and $750,000 in loan proceeds during the year ended December 31, 2019 and the nine months ended September 30, 2020, respectively, for an aggregate amount of $1.5 million, pursuant to the amended Convertible Note.
Convertible debt									1,500,000	$ 1,500,000
Payment for deposit									$ 806,000	1,200,000
Private Placement Warrants [Member]
Sale of units in initial public offering						7,760,000
Sale of units in initial public offering aggragate amount						$ 7,760,000
Warrants price per share						$ 1.00
Over-Allotment Option [Member]
Sale of units in initial public offering						2,025,000
Initial Public Offering [Member]
Sale of units in initial public offering						15,525,000
Sale of units per share						$ 10.00
Sale of units in initial public offering aggragate amount						$ 155,250,000
Warrants price per share						$ 1.00
Deferred underwriting commissions						$ 5,433,800
Offering costs						$ 9,300,000
Common Stock Class A
Sale of units per share					$ 10.46
Number of common stock sold					2,089,939
Value of number of common stock sold					$ 21,900,000
Number of common stock redeemed		1,215,698
Share Price		$ 10.57
Value of shares redemed		$ 12,800,000
Sponsor [Member]
Working capital loan repayment description							The Sponsor had agreed to loan the Company an aggregate of up to $300,000
Interest earned	$ 1,700,000
Working Capital Loan	$ 1,500,000
Proceeds from Convertible debt										$ 750,000	$ 750,000
Sponsor [Member] \| Private Placement Warrants [Member]
Sale of units in initial public offering						7,209,560
Sponsor [Member] \| Common Stock Class B
Number of common stock sold								4,312,500
Value of number of common stock sold								$ 25,000
Promissory Note [Member] \| Sponsor [Member]
Principal amount				$ 3,000,000
Maturity date				Dec. 31, 2020
Proceeds from loan				$ 1,000,000
Forward Purchase Agreement [Member] \| Promissory Note [Member]
Working capital loan cancel			$ 1,000,000
Forward Purchase Agreement [Member] \| Promissory Note [Member] \| Subscribers [Member]
Principal amount			$ 35,000,000
Share Price			$ 10.56
Merger Agreement [Member] \| Common Stock Class A
Share Price			$ 10.56
Value of of stock consideration			$ 344,000,000
Stock Consideration			32,557,303
Exercise price			$ 11.50
Merger Agreement [Member] \| Sponsor [Member]
Warrant forfeit			2,260,000
Warrant transfer			2,200,000
Merger Agreement [Member] \| Sponsor [Member] \| Common Stock Class B
Stock conversion			500,000
Merger Agreement [Member] \| Sponsor [Member] \| Common Stock Class A
Common stock forfeited			600,000
Stock conversion			500,000