10-Q
Quarterly Report
DREAM HOMES & DEVELOPMENT CORPORATION
CIK: 1518336
File #: 000-55445
Balance Sheet
42 line items · 2 periods
XBRL
| Item | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS | ||
Cash and Cash Equivalents | 56,075 | 525,389 |
Accounts Receivable | 178,119 | 213,008 |
Prepaid fees-property held for development | 610,796 | — |
Other Current Assets | 157,855 | 256,558 |
Total current assets | 1,002,845 | 994,955 |
Property, Plant and Equipment | 1,491 | 6,216 |
OTHER ASSETS | ||
Other Non-Current Assets | 2,200 | 2,200 |
Deposits and costs coincident to acquisition of land for development | 9,542,783 | 6,179,085 |
Lacey Township New Jersey Pines Contract | 2,501,423 | 2,501,423 |
Total assets | 10,549,319 | 7,182,456 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
CURRENT LIABILITIES | ||
Accounts Payable | 846,421 | 644,913 |
Other Non-Operating Current Liabilities | 328,475 | 227,308 |
Other Current Liabilities | 10,000 | 10,000 |
Other Current Liabilities | 55,609 | 256,757 |
Short-Term Debt | 921,960 | 908,660 |
Short-Term Debt | — | 3,113,563 |
Short-Term Debt | 369,180 | 492,500 |
Short-Term Debt | 451,795 | — |
Chipman Trust - Notes Payable, Other Payables | 197,500 | — |
MV Development - Notes Payable, Other Payables | 130,000 | — |
Channel - Notes Payable, Other Payables | 124,295 | — |
Related Party | 435,410 | 254,895 |
Loans Payable - Rich Pezzullo - Related Party | 24,000 | — |
Loans Payable - MV Development - Related Party | 130,000 | — |
Loans Payable - GPIL - Related Party | 281,410 | 254,895 |
Total current liabilities | 3,418,850 | 5,908,596 |
Long-Term Debt | 5,814,699 | 635,016 |
Total liabilities | 9,233,549 | 6,543,612 |
STOCKHOLDERS’ EQUITY | ||
Total Stockholders' Equity | 40,414 | 35,824 |
Total Stockholders' Equity | 2,327,330 | 2,240,120 |
Total Stockholders' Equity | (1,051,974) | (1,637,100) |
Total stockholders’ equity | 1,315,770 | 638,844 |
Common Stock | 40,414 | 35,824 |
Additional Paid-in Capital | 2,327,330 | 2,240,120 |
Retained Earnings | (1,051,974) | (1,627,100) |
Total liabilities and stockholders’ equity | 10,549,319 | 7,182,456 |