Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 267

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 267
---
 3-4 years and will occur in addition
to the custom homes & elevation/renovation division of the business. Management is very positive about these new developments.

Additional
Comment

The
Company’s business model over the last year has been focused on increasing the new home and new development portion of our business.
New home development has a much greater scalability and growth potential than custom home or elevation/renovation work, and will represent
the majority of the Company’s revenue going forward.

Dream
Homes will continue to pursue opportunities in the real estate field, specifically in new home construction, development approvals and
sale of improved building lots.

The
Company has also developed strong referral networks with 3 major modular manufacturing companies, from which a dependable and steady
stream of leads and prospects is regularly received. Based on these associations, it is anticipated that the Custom Modular segment of
the business will enjoy significant growth for the foreseeable future.

Since
modular home manufacturers will not sell directly to the public, and will only sell to a licensed builder, manufacturers need dependable
new home builders to refer their leads. The Company has proven itself to be a valuable trade partner for these 3 manufacturers and has
received numerous prospects and leads, many of which regularly turn into contracts.

Critical
Accounting Policies and Estimates

Our
discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared
in accordance with U.S. generally accepted accounting principles. The preparation of these financial statements requires us to make estimates
and judgments that affect the reported amounts of assets, liabilities, revenue and expenses and related disclosures. We review our estimates
and judgments on an on-going basis. We base our estimates and judgments on historical experience and on various other assumptions that
we believe to be reasonable under the circumstances. Actual results may differ from these estimates. We believe the following accounting
policies are critical to the judgments and estimates we use in preparing our financial statements.

19

Net
Income (Loss) Per Common Share

Basic
net income (Basic net loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares
outstanding during the period.

Diluted
net income (loss) per common share is computed using the weighted average number of common shares outstanding and potentially dilutive
securities outstanding during the period (none for the periods presented).

RESULTS
OF OPERATIONS – DREAM HOMES & DEVELOPMENT CORPORATION

The
summary of selected financial