v3.25.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash $ 463,087 $ 1,054,046
Accounts receivable, net of allowance for doubtful accounts 192,479 142,595
Inventories 5,460,941 7,365,976
Total current assets 6,116,507 8,562,617
PROPERTY AND EQUIPMENT, net 98,418 115,786
OTHER ASSETS    
Security deposit 2,200 2,200
Deposits and costs coincident to acquisition of land for development 2,748,170 2,830,018
Prepaid contract interest 190,000
Other assets 10,900 10,700
Total assets 9,166,195 11,521,321
CURRENT LIABILITIES    
Accounts payable and accrued expenses 762,550 1,112,291
Accrued interest 380,918 354,722
Accrued taxes 538,621 338,854
Deposits held 649,784 1,135,714
Construction liabilities 84,191 104,859
Mortgages payable- current 1,012,538
Loans payable-others 44,607 44,607
Note payable-line of credit 921,960 921,960
Loans payable to related parties 606,999 666,991
Total current liabilities 3,989,630 5,692,536
Long-term mortgages payable 2,647,479 2,942,900
Total liabilities 6,637,109 8,635,436
STOCKHOLDERS’ EQUITY    
Preferred stock;5,000,000 shares authorized, $.001 par value, as of September 30, 2025 and December 31, 2024, there are no shares outstanding
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 47,414
Additional paid-in capital 695,712 3,696,984
Retained earnings (accumulated deficit) (990,991) (1,358,494)
Total stockholders’ equity attributable to Dream Homes and Development Corporation (246,715) 2,385,904
Non-controlling interest 2,775,801 499,981
Total stockholders’ equity 2,529,086 2,885,885
Total liabilities and stockholders’ equity $ 9,166,195 $ 11,521,321