Company: DREM
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001641172-25-025675
Chunk: 24

Company: Dream Homes & Development Corp.
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 2
Chunk 24
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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 $5,692,536, respectively, including loans payable
to related parties of $645,689 and $666,991, respectively. As of June 30, 2025 and December 31, 2024, the total stockholders’ equity
was $2,117,359 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 sheet arrangements, nor do we participate in non-exchange traded contracts requiring fair value accounting
treatment.

Item
3. Quantitative and Qualitative Disclosures About Market Risk.

Not
applicable.

Item