Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 241

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 241
---
  
    $3,696,984  
    $(1,358,494) 
    $499,981  
    $2,885,885 
  
    Balance 
     47,414,493  
    $47,414  
    $3,696,984  
    $(1,358,494) 
    $499,981  
    $2,885,885 

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

F-5

DREAM
HOMES AND DEVELOPMENT CORPORATION

CONSOLIDATED
STATEMENTS OF CASH FLOWS

    2024 
    2023

    Years
    Ended December 31,

    2024 
    2023
  
    OPERATING
    ACTIVITIES 

    Net
    income (loss) 
    $875,966  
    $(97,379)
  
    Adjustments
    to reconcile net income to net cash provided (used) in operating activities: 

    Depreciation
    expense 
     3,300  
     6,216 
  
    Stock
    based compensation 
     -  
     91,800 
  
    Loss
    on debt settlement 
     300,504  
     - 
  
    Changes
    in operating assets and liabilities: 

    Accounts
    receivable 
     59,912  
     10,501 
  
    Prepaid
    fees-property held for development 
     332,362  
     (332,362)
  
    Inventories 
     (3,158,996) 
     203,553 
  
    Deposits 
     -  
     - 
  
    Other
    assets 
     (10,700) 
     - 
  
    Accounts
    payable and accrued liabilities 
     326,066  
     20,473 
  
    Deposits
    held 
     625,714  
     500,000 
  
    Construction
    liabilities 
     (127,744) 
     24,154 
  
    Net
    cash used in operating activities 
     (773,616) 
     426,956 

    INVESTING
    ACTIVITIES 

    Purchase
    of office equipment and vehicles 
     (119,086) 
     -