For the quarter ending 2025-09-30, DREM has $9,166,195 in assets. $6,637,109 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 463,087 | 341,222 | ||
| Accounts receivable, net of allowance for doubtful accounts | 192,479 | 159,682 | ||
| Inventories | 5,460,941 | 5,511,770 | ||
| Total current assets | 6,116,507 | 6,012,674 | ||
| Property and equipment- gross | 184,973 | 184,973 | ||
| Less accumulated depreciation | 86,555 | 80,766 | ||
| Property and equipment, net | 98,418 | 104,207 | ||
| Security deposit | 2,200 | 2,200 | ||
| Deposits and costs coincident to acquisition of land for development | 2,748,170 | 3,057,133 | ||
| Prepaid contract interest | 190,000 | - | ||
| Other assets | 10,900 | 10,900 | ||
| Total assets | 9,166,195 | 9,187,114 | ||
| Accounts payable and accrued expenses | 762,550 | 938,063 | ||
| Accrued interest | 380,918 | 357,572 | ||
| Accrued taxes | 538,621 | 545,331 | ||
| Deposits held | 649,784 | 854,762 | ||
| Construction liabilities | 84,191 | 189,852 | ||
| Mortgages payable- current | - | 0 | ||
| Loans payable-others | 44,607 | 44,607 | ||
| Note payable-line of credit | 921,960 | 921,960 | ||
| Loans payable to related parties | 606,999 | 645,689 | ||
| Total current liabilities | 3,989,630 | 4,497,836 | ||
| Long-term mortgages payable | 2,647,479 | 2,571,919 | ||
| Preferred stock 5,000,000 shares authorized, .001 par value, as of june 30, 2025 and december 31, 2024, there are no shares outstanding | - | 0 | ||
| Total liabilities | 6,637,109 | 7,069,755 | ||
| Common stock 70,000,000 shares authorized, .001 par value, as of september 30, 2025 and december 31, 2024, there are 48,564,493 and 47,414,493 shares outstanding, respectively | 48,564 | 48,564 | ||
| Additional paid-in capital | 695,712 | 2,423,452 | ||
| Retained earnings (accumulated deficit) | -990,991 | -1,293,241 | ||
| Total stockholders equity attributable to dream homes and development corporation | -246,715 | 1,178,775 | ||
| Non-controlling interest | 2,775,801 | 938,584 | ||
| Total stockholders equity | 2,529,086 | 2,117,359 | ||
| Total liabilities and stockholders equity | 9,166,195 | 9,187,114 | ||
Dream Homes & Development Corp. (DREM)
Dream Homes & Development Corp. (DREM)