Company: DREM
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022261
Chunk: 24

Company: Dream Homes & Development Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 24
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 Net income (loss) before income taxes 
     2,087,369  
     925,632 
  
    Provision for income taxes 
     52,098  
     - 

    Net income (loss) 
    $2,139,467  
    $925,632 

Revenues

For
the three months ended September 30, 2025 and 2024, revenues were $3,005,870 and $2,182,258, respectively.

The
increase in revenue was due to ongoing property development.

Cost
of Sales

For
the three months ended September 30, 2025 and 2024, cost of construction contracts were $627,536 and $760,912, respectively. The increase
is due to the sale of property held for development, and its associated cost in 2025.

Operating
Expenses

Operating
expenses increased $84,293 from $106,938 in 2024 to $191,231 in 2025.

5

STATEMENTS
OF OPERATIONS

For
the nine months ended September 30, 2025 and 2024

(Unaudited)

    2025  
    2024 
  
    Revenue: 

    Construction contracts 
    $6,970,494  
    $4,313,707 

    Cost of construction contracts 
     3,352,021  
     3,140,730 

    Gross profit 
     3,618,473  
     1,172,977 

    Operating Expenses: 

    Selling, general and administrative, including stock based compensation of $25,300 and $0, respectively 
     632,977  
     632,348 
  
    Depreciation expense 
     17,368  
     - 

    Total operating expenses 
     650,345  
     632,348 

    Income (loss) from operations 
     2,968,128  
     540,629 

    Other income (expenses): 

    Interest expense 
     (77,725) 
     (127,703)
  
    Loss on debt settlement 
     (120,977) 
     (348,493)
  
    Other income (expense) 
     33,567  
     - 
  
    Total other income (expenses) 
     (165