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

Company: Dream Homes & Development Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 25
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,135) 
     (476,196)

    Net income (loss) before income taxes 
     2,802,993  
     64,433 
  
    Provision for income taxes 
     (159,670) 
     (5,266)

    Net income (loss) 
    $2,643,323  
    $59,167 

Revenues

For
the nine months ended September 30, 2025 and 2024, revenues were $6,970,494 and $4,313,707, respectively.

The
increase in revenue was due to ongoing sales of maturing properties, including the Lacey Pines and Berkeley Terrace/Cedar Creek developments.

Cost
of Sales

For
the nine months ended September 30, 2025 and 2024, cost of construction contracts were $3,352,021 and $3,140,730, respectively. The increase
is due to continued latter-stage approval and improvement costs for property held for development, and those associated costs in 2025.

Operating
Expenses

Operating
expenses increased $17,997 from $632,348 in 2024 to $650,345 in 2025.

6

Liquidity
and Capital Resources

As
of September 30, 2025 and December 31, 2024, our cash balance was $463,087 and $1,054,046, respectively, total assets were $9,166,195
and $11,521,321, respectively, and total current liabilities amounted to $3,989,630 and $5,692,536, respectively, including loans payable
to related parties of $606,999 and $666,991, respectively. As of September 30, 2025 and December 31, 2024, the total stockholders’
equity was $2,529,086 and $2,885,885, respectively. We may seek additional capital to fund potential costs associated with expansion
and/or acquisitions.

Inflation

The
impact of inflation on the costs of our company, and the ability to pass on cost increases to clients over time may be limited and is
always dependent upon market conditions. At times, inflationary pressures have had a significant impact on our operations, and we anticipate
that inflationary factors may have an impact on future operations.

OFF-BALANCE
SHEET ARRANGEMENTS

We
do not maintain off-balance