Company: DREM
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001641172-25-025675
Chunk: 16

Company: Dream Homes & Development Corp.
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 16
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2,379,818 

    Gross profit 
     1,240,139  
     (248,369)

    Operating Expenses: 

    Selling, general and administrative, including stock based compensation of $25,300 and $0, respectively 
     447,535  
     525,410 
  
    Depreciation expense 
     11,579  
     - 

    Total operating expenses 
     459,114  
     525,410 

    Income (loss) from operations 
     781,025  
     (773,779)

    Other income (expenses): 

    Interest expense 
     (19,347) 
     (87,420)
  
    Loss on debt settlement 
     (87,720) 
     - 
  
    Other income (expense) 
     41,666  
     - 
  
    Total other income (expenses) 
     (65,401) 
     (87,420)

    Net income (loss) before income taxes 
     715,624  
     (681,199)
  
    Provision for income taxes 
     (211,768) 
     - 

    Net income (loss) 
    $503,856  
    $(681,199)

Revenues

For
the six months ended June 30, 2025 and 2024, revenues were $3,964,264 and $2,131,449, respectively.

The
increase in revenue was due to ongoing property development.

Cost
of Sales

For
the six months ended June 30, 2025 and 2024, cost of construction contracts were $2,724,485 and $2,379,818, respectively. The increase
is due to the sale of property held for development, and its associated cost in 2025.

Operating
Expenses

Operating
expenses decreased $66,296 from $525,410 in 2024 to $459,114 in 2025.

6

Liquidity
and Capital Resources

As
of June 30, 2025 and December 31, 2024, our cash balance was $341,222 and $1,054,046, respectively, total assets were $9,187,114 and
$11,521,321, respectively, and total current liabilities amounted to $4,497,836 and $