Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 237

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 237
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    receivable, net of allowance for doubtful accounts 
     142,595 
     
     202,507 
  
    Prepaid
    contract interest 
     - 
     
     332,362 
  
    Inventories 
     7,365,976 
     
     53,005 
  
    Total
    current assets 
     8,562,617 
     
     3,300,377 

    PROPERTY
    AND EQUIPMENT, net 
     115,786 
     
     - 

    OTHER
    ASSETS 

    Security
    deposit 
     2,200 
     
     2,200 
  
    Deposits
    and costs coincident to acquisition of land for development 
     2,830,018 
     
     6,805,932 
  
    Other
    assets 
     10,700 
     
     - 

    Total
    assets 
    $11,521,321 
     
    $10,108,509 

    CURRENT
    LIABILITIES 

    Accounts
    payable and accrued expenses 
    $1,112,291 
     
    $537,972 
  
    Accrued
    interest 
     354,722 
     
     354,722 
  
    Accrued
    taxes 
     338,854 
     
     - 
  
    Deposits
    held 
     1,135,714 
     
     510,000 
  
    Construction
    liabilities 
     104,859 
     
     232,603 
  
    Mortgages
    payable- current 
     1,012,538 
     
     - 
  
    Loans
    payable-others 
     44,607 
     
     236,703 
  
    Note
    payable-line of credit 
     921,960 
     
     921,960 
  
    Loans
    payable to related parties 
     666,991 
     
     523,219 
  
    Total
    current liabilities 
     5,692,536 
     
     3,317,179 

     Long-term
    mortgages payable 
     2,942,900 
     
     6,158,065 
  
    Total
    liabilities 
     8,635,436