Company: DREM
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001641172-25-011417
Chunk: 14

Company: Dream Homes & Development Corp.
Filing Date: 2025-05-19
Form: 10-Q
Item: Item 8
Chunk 14
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9,500) 
     - 
  
    Other income 
     45,593  
     - 
  
    Total other income (expenses) 
     19,596  
     (19,050)

    Net income (loss) before income taxes 
     246,650  
     (117,352)
  
    Provision for income taxes 
     (81,555) 
     (5,266)

    Net income (loss) 
    $165,095  
    $(122,618)

Revenues

For
the three months ended March 31, 2025 and 2024, revenues were $2,111,671 and $1,473,735, respectively.

The
increase in revenue was due to ongoing property development.

Cost
of Sales

For
the three months ended March 31, 2025 and 2024, cost of construction contracts were $1,633,264 and $1,240,320, respectively. The increase
is due to the sale of property held for development, and its associated cost in 2025.

Operating
Expenses

Operating
expenses reduced by $80,363 from $331,717 in 2024 to $251,354 in 2025.

5

Liquidity
and Capital Resources

As
of March 31, 2025 and December 31, 2024, our cash balance was $334,726 and $1,054,046, respectively, total assets were $9,566,575 and
$11,521,321, respectively, and total current liabilities amounted to $4,265,374 and $5,692,536, respectively, including loans payable
to related parties of $650,591 and $666,991, respectively. As of March 31, 2025 and December 31, 2024, the total stockholders’
equity was $48,564 and $47,414, respectively. We may seek additional capital to fund potential costs associated with expansion and/or
acquisitions.

Inflation

The
impact of inflation on the costs of our company, and the ability to pass on cost increases to clients over time may be limited and is
always dependent upon market conditions. At times, inflationary pressures have had a significant impact on our operations, and we anticipate
that inflationary factors may have an impact on future operations.

OFF-BALANCE
SHEET ARRANGEMENTS