Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 167

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 167
---

     -  
     105,000 
  
    Capital
    contribution 
     -  
     -  
     1,900,000  
     -  
     -  
     1,900,000 
  
    Distribution 
     -  
     -  
     (628,346) 
     -  
     -  
     (628,346)
  
    Net
    income (loss) 
     -  
     -  
     -  
     375,985  
     499,981  
     875,966 
  
    Balance
    at December 31, 2024 
     47,414,493  
    $47,414  
    $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