Company: DREM
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001641172-25-025675
Chunk: 29

Company: Dream Homes & Development Corp.
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 4
Chunk 29
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Disclosure
Controls and Procedures

The
Company has adopted and maintains disclosure controls and procedures that are designed to provide reasonable assurance that information
required to be disclosed in the reports filed under the Exchange Act, such as this Form 10-Q, is collected, recorded, processed, summarized
and reported within the time periods specified in the rules of the Securities and Exchange Commission. The Company’s disclosure
controls and procedures are also designed to ensure that such information is accumulated and communicated to management to allow timely
decisions regarding required disclosure. As required under Exchange Act Rule 13a-15, the Company’s management, including the Principal
Executive Officer and Principal Financial Officer, has conducted an evaluation of the effectiveness of disclosure controls and procedures
as of the end of the period covered by this report. Based upon that evaluation, the Company’s President concluded that the Company’s
disclosure controls and procedures are not effective to ensure that information required to be disclosed by the Company in the reports
that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified
in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including
the Company’s President, as appropriate, to allow timely decisions regarding required disclosure.

7

PART
II - OTHER INFORMATION

Item
1. Legal Proceedings.

The
Company recently had two non-binding arbitration awards assessed against its subsidiary, Shore Custom Homes Corp. Though the Company
considers these lawsuits to be frivolous and without merit, it has chosen to disclose their existence in the interest of full transparency.
In demonstration of its opposition to these awards, the Company has filed for trial de novo in both cases and intends to vigorously defend
its position in court.

In
addition to the above referenced awards, the Company is involved in several other minor lawsuits in which it also expects to prevail,
The Company considers the substance of these claims to be of no merit.

The
Company is vigorously defending all lawsuits and fully expects to prevail in court.

In
the opinion of the Company and of its professional advisors, none of the lawsuits which the Company is currently involved in have any
substantive validity or potential for material consequence to the Company.

All
other normal operations of the Company and its subsidiaries are continuing with no negative effect from these lawsuits.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item
3. Defaults upon Senior Securities.

None.

Item
4. Mine