Company: DREM
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022261
Chunk: 15

Company: Dream Homes & Development Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 15
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79 units (of the 357 total units in title or under contract), will be changed from Build For Sale to Build
for Lease. The Company intends to hold these properties upon completion and lease-up for an indeterminate period of time, and realize
the rental income from ownership. This strategy will become a very significant revenue stream for the Company and will become a fourth
division of the Company, behind Finished Lots for Sale, custom new homes and renovation/elevation projects.

In
addition to the projects which the Company currently has under contract for development, improvement, Build to Lease, and Improved Lots
for Sale, there are a number of properties which the Company has the ability to secure, whether through land contract or other types
of options. These parcels represent significant additional opportunities for development, improvement, Build to Lease, and Improved Lots
for Sale.

The
Company’s business model over the last year has been focused on increasing the new home and new development portion of our business,
until it represents a greater portion of the revenue. New home development, whether Build to Lease or Finished Lots for Sale has a much
greater scalability and growth potential than custom homes or elevation/renovation work. Though the Company has enjoyed stable revenue
in the renovation/elevation portion of the company, the new homes division continues to represent a greater percentage of total revenue.

Dream
Homes’ operations include the development and sale of a variety of residential communities, including construction of semi-custom
homes, single and multi-family homes and new home Build to Lease and Improved Lots for Sale. Dream Homes will continue to pursue opportunities
in these areas.

4

RESULTS
OF OPERATIONS – DREAM HOMES & DEVELOPMENT CORPORATION

The
summary below should be referenced in connection with a review of the following discussion of our results of operations for the three
months ended September 30, 2025 and 2024.

STATEMENTS
OF OPERATIONS

For
the three months ended September 30, 2025 and 2024

(Unaudited)

    2025  
    2024 
  
    Revenue: 

    Construction contracts 
    $3,005,870  
    $2,182,258 

    Cost of construction contracts 
     627,536  
     760,912 

    Gross profit 
     2,378,334  
     1,421,346 

    Operating Expenses: 

    Selling, general and administrative, including stock based compensation