$DREM
Dream Homes & Development Corp.

2024 Q3 Form 10-Q Financial Statement

#000149315224047593 Filed on November 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $2.182M
YoY Change 32.74%
Cost Of Revenue $760.9K
YoY Change -19.43%
Gross Profit $1.421M
YoY Change 103.16%
Gross Profit Margin 65.13%
Selling, General & Admin $106.9K
YoY Change -30.98%
% of Gross Profit 7.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit 0.0%
Operating Expenses $106.9K
YoY Change -31.68%
Operating Profit $1.314M
YoY Change 142.02%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$388.8K
YoY Change 1832.29%
Pretax Income $925.6K
YoY Change 77.0%
Income Tax
% Of Pretax Income
Net Earnings $925.6K
YoY Change 77.0%
Net Earnings / Revenue 42.42%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.02
COMMON SHARES
Basic Shares Outstanding 47.41M shares
Diluted Shares Outstanding 47.41M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.812M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $155.1K
Other Receivables
Total Short-Term Assets $2.406M
YoY Change 139.94%
LONG-TERM ASSETS
Property, Plant & Equipment $4.500K
YoY Change 201.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $70.98K
YoY Change -99.26%
Total Long-Term Assets $7.135M
YoY Change -25.26%
TOTAL ASSETS
Total Short-Term Assets $2.406M
Total Long-Term Assets $7.135M
Total Assets $9.542M
YoY Change -9.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue $157.5K
YoY Change 183.22%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.042M
YoY Change 47.48%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.042M
Total Long-Term Liabilities
Total Liabilities $7.473M
YoY Change -19.07%
SHAREHOLDERS EQUITY
Retained Earnings -$1.675M
YoY Change 59.25%
Common Stock $47.41K
YoY Change 17.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.069M
YoY Change
Total Liabilities & Shareholders Equity $9.542M
YoY Change -9.55%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $925.6K
YoY Change 77.0%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Entity Registrant Name
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DREAM HOMES & DEVELOPMENT CORPORATION
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ProceedsFromRepaymentsOfLinesOfCredit
13300 usd
DREM Payments On Acquisition Of Property Held For Development
PaymentsOnAcquisitionOfPropertyHeldForDevelopment
-2065120 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
87420 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
451795 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
12593 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
180515 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
107175 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
628346 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
123031 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
230495 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
209793 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
79658 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-940815 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2587410 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-900894 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-469314 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2712503 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
525389 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1811609 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56075 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
7000000 usd
CY2023Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
4590000 shares
us-gaap Stock Issued1
StockIssued1
91800 usd
CY2009Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
75000000 shares
CY2009Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
70000000 shares
CY2009Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2009Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2009Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zUYpT662HtCa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
65887 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
65887 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4500 usd
us-gaap Depreciation
Depreciation
4725 usd
CY2024Q3 DREM Other Deposits Net
OtherDepositsNet
4648711 usd
CY2023Q4 DREM Other Deposits Net
OtherDepositsNet
4413675 usd
CY2024Q3 DREM Deposits And Costs Coincident To Acquisition Of Land For Development
DepositsAndCostsCoincidentToAcquisitionOfLandForDevelopment
7057720 usd
CY2023Q4 DREM Deposits And Costs Coincident To Acquisition Of Land For Development
DepositsAndCostsCoincidentToAcquisitionOfLandForDevelopment
6805932 usd
CY2024Q3 us-gaap Loans Payable To Bank
LoansPayableToBank
3785034 usd
CY2023Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
6158065 usd
CY2024Q3 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
1354473 usd
CY2024Q3 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
2430561 usd
CY2023Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
6158065 usd
CY2024Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12 pure
CY2024Q3 us-gaap Notes Payable
NotesPayable
46929 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
236703 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12425 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
122876 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5266 usd
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
19278 usd
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-17691 usd
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-142154 usd
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
921960 usd
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
921960 usd

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