$DREM

Dream Homes & Development Corp.

CIK:0001518336|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenue:
Construction contracts	$ 10,069,769	$ 4,972,827
Cost of construction contracts	7,967,598	2,709,889
Gross profit	2,102,171	2,262,938
Operating Expenses:
Selling, general and administrative	973,975	759,720
Depreciation expense	23,582	3,300
Total operating expenses	997,557	763,020
Income (loss) from operations	1,104,614	1,499,918
Other income (expenses):
Interest expense	(88,845)	(82,375)
Loss on debt settlement	(221,593)	(300,504)
Other income	42,665	103,047
Total other income (expenses)	(267,773)	(279,832)
Income (loss) before income taxes	836,841	1,220,086
Provision for income taxes	(87,844)	(344,120)
Net income (loss)	748,997	875,966
Net income attributable to non-controlling interest	330,726	499,981
Net income (loss) attributable to Dream Homes and Development Corporation	$ 418,271	$ 375,985
Basic income (loss) per common share	$ 0.02	$ 0.02
Diluted income (loss) per common share	$ 0.02	$ 0.02
Weighted average common shares outstanding - basic	48,423,397	47,127,608
Weighted average common shares outstanding - diluted	48,423,397	47,127,608

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
OPERATING ACTIVITIES
Net income (loss)	$ 748,997	$ 875,966
Adjustments to reconcile net income to net cash provided (used) in operating activities:
Depreciation expense	23,582	3,300
Stock based compensation	25,300
Loss on debt settlement	120,977	300,504
Changes in operating assets and liabilities:
Accounts receivable	(7,260)	59,912
Prepaid fees-property held for development		332,362
Inventories	4,313,788	(3,158,996)
Other assets	(12,020)	(10,700)
Accounts payable and accrued liabilities	(388,505)	326,066
Deposits held	(772,222)	625,714
Construction liabilities	(104,859)	(127,744)
Net cash provided by (used in) operating activities	3,947,778	(773,616)
INVESTING ACTIVITIES
Purchase of office equipment and vehicles	(349)	(119,086)
Deposits and costs coincident to acquisition of land for development	26,603	(178,061)
Net cash used in investing activities	26,254	(297,147)
FINANCING ACTIVITIES
Proceeds from loans payable-others		89,520
Proceeds from loans payable to related parties	10,858	12,008
Proceeds from mortgages	1,268,215	1,416,898
Payments on mortgages	(3,600,842)	(1,148,143)
Distributions	(1,967,998)	(628,346)
Repayments on line of credit	(80,000)
Repayments of loans payable-others	(8,000)	(214,215)
Repayments of loans payable to related parties	249,097	(115,416)
Net cash provided (used) by financing activities	(4,128,670)	(587,694)
NET INCREASE (DECREASE) IN CASH	(154,638)	(1,658,457)
CASH BALANCE, BEGINNING OF YEAR	1,054,046	2,712,503
CASH BALANCE, END OF YEAR	899,408	1,054,046
Supplemental Disclosures of Cash Flow Information:
Interest paid
Taxes paid
Shares issued for related party debt conversion		$ 105,000

Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash	$ 899,408	$ 1,054,046
Accounts receivable, net of allowance for doubtful accounts	149,855	142,595
Inventories	4,911,681	7,365,976
Total current assets	5,960,944	8,562,617
PROPERTY AND EQUIPMENT, net	117,695	115,786
OTHER ASSETS
Security deposit	2,200	2,200
Deposits and costs coincident to acquisition of land for development	943,922	2,830,018
Prepaid contract interest	190,000
Other assets	22,720	10,700
Total assets	7,237,481	11,521,321
CURRENT LIABILITIES
Accounts payable and accrued expenses	640,798	1,112,291
Accrued interest	414,632	354,722
Accrued taxes	460,315	338,854
Deposits held	363,492	1,135,714
Construction liabilities		104,859
Mortgages payable- current		1,012,538
Loans payable-others	36,607	44,607
Note payable-line of credit	841,960	921,960
Loans payable to related parties	926,946	666,991
Total current liabilities	3,684,750	5,692,536
Long-term mortgages payable	1,835,405	2,942,900
Total liabilities	5,520,155	8,635,436
STOCKHOLDERS’ EQUITY
Preferred stock; 5,000,000 shares authorized, $.001 par value, as of December 31, 2025 and 2024, there are no shares outstanding
Common stock; 70,000,000 shares authorized, $.001 par value, as of December 31, 2025 and 2024, there are 48,564,493 and 47,414,493 shares outstanding, respectively	48,564	47,414
Additional paid-in capital	2,533,664	3,696,984
Retained earnings (accumulated deficit)	(1,195,628)	(1,358,494)
Total stockholders’ equity attributable to Dream Homes and Development Corporation	1,386,600	2,385,904
Non-controlling interest	330,726	499,981
Total stockholders’ equity	1,717,326	2,885,885
Total liabilities and stockholders’ equity	$ 7,237,481	$ 11,521,321