Company: DREM
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022261
Chunk: 17

Company: Dream Homes & Development Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 17
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    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) 
     (165,135) 
     (476,196)

    Net income (loss) before income taxes 
     2,802,993  
     64,433 
  
    Provision for income taxes 
     (159,670) 
     (5,266)

    Net income (loss) 
    $2,643,323  
    $59,167 

Revenues

For
the nine months ended September 30, 2025 and 2024, revenues were $6,970,494 and $4,313,707, respectively.

The
increase in revenue was due to ongoing sales of maturing properties, including the Lacey Pines and Berkeley Terrace/Cedar Creek developments.

Cost
of Sales

For
the nine months ended September 30, 2025 and 2024, cost of construction contracts were $3,352,021 and $3,140,730, respectively. The increase
is due to continued latter-stage approval and improvement costs for property held for development, and those associated costs in 2025.

Operating
Expenses

Operating
expenses increased $17,997 from $632,348 in 2024 to $650,345 in 2025.

6

Liquidity
and Capital Resources

As
of September 30, 2025 and December 31, 2024, our cash balance was $463,087 and $1,054,046, respectively, total assets were $9,166,195
and $11,521,321, respectively, and total current liabilities amounted to $3,989,630