Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 313

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 313
---
ments
    of loans payable to related parties 
     (115,416) 
     - 
  
    Net
    cash provided (used) by financing activities 
     (587,694) 
     1,760,158 

    NET
    INCREASE (DECREASE) IN CASH 
     (1,658,457) 
     2,187,114 
  
    CASH
    BALANCE, BEGINNING OF PERIOD 
     2,712,503  
     525,389 
  
    CASH
    BALANCE, END OF PERIOD 
    $1,054,046  
    $2,712,503 

    Supplemental
    Disclosures of Cash Flow Information: 

    Interest
    paid 
    $-  
    $- 
  
    Taxes
    paid 
    $-  
    $- 

    Shares
    issued for related party debt conversion 
    $105,000  
    $- 

    Issuance
    of 4,590,000 restricted common stock for compensation 
    $-  
    $91,800 

The
accompanying notes are an integral part of these financial statements.

F-6

DREAM
HOMES & DEVELOPMENT CORPORATION

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

Years
Ended December 31, 2024 and 2023

Note
1 - Significant Accounting Policies

Nature
of Operations

 Dream
Homes & Development Corporation is a regional builder and developer of new single and multi-family homes and subdivisions, as well
as a market leader in real estate development. Operations include custom homes, Build to Lease, Build for Sale and Sale of Improved Lots
to national builders.

History

Dream
Homes & Development Corporation was originally incorporated as The Virtual Learning Company, Inc. (“Virtual Learning”)
on January 6, 2009 as a Nevada corporation with 75,000,000 shares of capital stock authorized, of which 70,000,000 shares
are common shares ($.001 par value), and 5,000,000 shares are preferred shares ($.001 par value).

On
March 14, 2017, Virtual Learning changed its name to Dream Homes & Development Corporation (“DHDC”). DHDC maintains a
web site at�