Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 404

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 404
---
Pursuant
to Item 305(e) of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as
it is a “smaller reporting company,” as defined by Rule 229.10(f)(1).

21

Item
8. Financial Statements and Supplementary Data

INDEX
TO THE CONSOLIDATED FINANCIAL STATEMENTS

    Page(s)

    Index
    to the Consolidated Financial Statements

    Report of Independent Registered Public Accounting Firm, (PCAOB ID: 5968)
    F-2

    Consolidated Balance Sheets as of December 31, 2024 and 2023
    F-3

    Consolidated Statements of Operations for the years ended December 31, 2024 and 2023
    F-4

    Consolidated Statements of Changes in Stockholders’ Equity for the years ended December 31, 2024 and 2023
    F-5

    Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023
    F-6

    Notes to the Consolidated Financial Statements
    F-7

F-1

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits,
we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion
on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that