10-K
Annual Report
DREAM HOMES & DEVELOPMENT CORPORATION
CIK: 1518336
File #: 000-55445
Balance Sheet
39 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS | ||
Cash and Cash Equivalents | 1,054,046 | 2,712,503 |
Accounts Receivable | 142,595 | 202,507 |
Other Non-Operating Current Assets | — | 332,362 |
Inventory | 7,365,976 | 53,005 |
Total current assets | 8,562,617 | 3,300,377 |
Property, Plant and Equipment | 115,786 | — |
OTHER ASSETS | ||
Other Non-Current Assets | 2,200 | 2,200 |
Deposits and costs coincident to acquisition of land for development | 2,830,018 | 6,805,932 |
Lacey Township New Jersey Pines Property | — | 2,392,257 |
Other Non-Operating Non-Current Assets | 10,700 | — |
Total assets | 11,521,321 | 10,108,509 |
CURRENT LIABILITIES | ||
Accounts Payable | 1,112,291 | 537,972 |
Other Non-Operating Current Liabilities | 354,722 | 354,722 |
Taxes Payable | 338,854 | — |
Other Current Liabilities | 1,135,714 | 510,000 |
Other Current Liabilities | 104,859 | 232,603 |
Short-Term Debt | 1,012,538 | — |
Short-Term Debt | 44,607 | 236,703 |
Short-Term Debt | 921,960 | 921,960 |
Related Party | 666,991 | 523,219 |
Total current liabilities | 5,692,536 | 3,317,179 |
Long-Term Debt | 2,942,900 | 6,158,065 |
Total liabilities | 8,635,436 | 9,475,244 |
STOCKHOLDERS’ EQUITY | ||
Total Stockholders' Equity | 47,414 | 40,414 |
Total Stockholders' Equity | 3,696,984 | 2,327,330 |
Total Stockholders' Equity | (1,358,494) | (1,734,479) |
Total stockholders’ equity attributable to Dream Homes and Development Corporation | 2,385,904 | 633,265 |
Noncontrolling Interest | 499,981 | — |
Total stockholders’ equity | 2,885,885 | 633,265 |
Common Stock | 47,414 | 40,414 |
Additional Paid-in Capital | 3,696,984 | 2,327,330 |
Retained Earnings | (1,358,494) | (1,734,479) |
Noncontrolling Interest | 499,981 | — |
Total liabilities and stockholders’ equity | 11,521,321 | 10,108,509 |