Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 118

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 118
---
 2024 
    2023

    Revenue: 

    Construction
    contracts 
    $4,972,827  
    $5,656,452 
  
    Cost
    of construction contracts 
     2,709,889  
     4,570,902 
  
    Gross
    profit 
     2,262,938  
     1,085,550 

    Operating
    Expenses: 

    Selling,
    general and administrative 
     759,720  
     1,010,531 
  
    Depreciation
    expense 
     3,300  
     6,216 
  
    Total
    operating expenses 
     763,020  
     1,016,747 

    Income
    (loss) from operations 
     1,499,918  
     68,803 

    Other
    income (expenses): 

    Interest
    expense 
     (82,375) 
     (166,182)
  
    Loss
    on debt settlement 
     (300,504) 
     - 
  
    Other
    income 
     103,047  
     - 
  
    Total
    other income (expenses) 
     (279,832) 
     (166,182)

    Income
    (loss) before income taxes 
     1,220,086  
     (97,379)

    Provision
    for income taxes 
     (344,120) 
     - 

    Net
    income (loss) 
    $875,966  
    $(97,379)

    Net
    income attributable to non-controlling interest 
     499,981  
     - 

    Net
    income (loss) attributable to Dream Homes and Development Corporation 
    $375,985  
    $(97,379)

    Basic
    and diluted income (loss) per common share 
    $0.02  
    $(0.00)

    Weighted average common shares outstanding- basic and diluted 
     47,127,608  
     39,190,493 

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

F-4

DREAM
HOMES AND DEVELOPMENT CORPORATION

CONSOLIDATED
STATEMENTS OF STOCKHOLDERS’ EQUITY