Overview
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- TickerDREM on OTC1
- IndustryOperative Builders1
- HeadquartersForked River, New Jersey1
- Incorporated inNV2
- Business address314 S. Main Street, Forked River, Nj 087312
- Filer categoryNon-accelerated filer, Smaller reporting company2
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The Company will continue to allocate capital in the pursuit of approvals, since the risk/reward of developmental activity is so great.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue79¢$8.0M
- Selling, general and admin10¢$974.0K
- Other costs6¢$622.1K
- Income tax1¢$87.8K
- Profit4¢$418.3K
Out of $10.1M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$3.9M
Out of $3.9M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Construction contracts | $10.1M | $5.0M |
| Cost of construction contracts | $8.0M | $2.7M |
| Gross profit | $2.1M | $2.3M |
| Selling, general and administrative | $974.0K | $759.7K |
| Depreciation expense | $23.6K | $3.3K |
| Total operating expenses | $997.6K | $763.0K |
| Income (loss) from operations | $1.1M | $1.5M |
| Interest expense | -$88.8K | -$82.4K |
| Loss on debt settlement | -$221.6K | -$300.5K |
| Other income | $42.7K | $103.0K |
| Total other income (expenses) | -$267.8K | -$279.8K |
| Income (loss) before income taxes | $836.8K | $1.2M |
| Provision for income taxes | -$87.8K | -$344.1K |
| Net income (loss) | $749.0K | $876.0K |
| Net income attributable to non-controlling interest | $330.7K | $500.0K |
| Net income (loss) attributable to Dream Homes and Development Corporation | $418.3K | $376.0K |
| Basic income (loss) per common share | $0.02 | $0.02 |
| Diluted income (loss) per common share | $0.02 | $0.02 |
| Weighted average common shares outstanding - basic | 48.4M shares | 47.1M shares |
| Weighted average common shares outstanding - diluted | 48.4M shares | 47.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2008-12-31 |
|---|---|---|---|---|
| Cash | $899.4K | $1.1M | ||
| Accounts receivable, net of allowance for doubtful accounts | $149.9K | $142.6K | ||
| Inventories | $4.9M | $7.4M | ||
| Total current assets | $6.0M | $8.6M | ||
| PROPERTY AND EQUIPMENT, net | $117.7K | $115.8K | ||
| Security deposit | $2.2K | $2.2K | ||
| Deposits and costs coincident to acquisition of land for development | $943.9K | $2.8M | ||
| Prepaid contract interest | $190.0K | |||
| Other assets | $22.7K | $10.7K | ||
| Total assets | $7.2M | $11.5M | ||
| Accounts payable and accrued expenses | $640.8K | $1.1M | ||
| Accrued interest | $414.6K | $354.7K | ||
| Accrued taxes | $460.3K | $338.9K | ||
| Deposits held | $363.5K | $1.1M | ||
| Construction liabilities | $104.9K | |||
| Mortgages payable- current | $1.0M | |||
| Loans payable-others | $36.6K | $44.6K | ||
| Note payable-line of credit | $842.0K | $922.0K | ||
| Loans payable to related parties | $926.9K | $667.0K | ||
| Total current liabilities | $3.7M | $5.7M | ||
| Long-term mortgages payable | $1.8M | $2.9M | ||
| Total liabilities | $5.5M | $8.6M | ||
| Common stock; 70,000,000 shares authorized, $.001 par value, as of December 31, 2025 and 2024, there are 48,564,493 and 47,414,493 shares outstanding, respectively | $48.6K | $47.4K | ||
| Additional paid-in capital | $2.5M | $3.7M | ||
| Retained earnings (accumulated deficit) | -$1.2M | -$1.4M | ||
| Total stockholders equity attributable to Dream Homes and Development Corporation | $1.4M | $2.4M | ||
| Non-controlling interest | $330.7K | $500.0K | ||
| Total stockholders equity | $1.7M | $2.9M | $633.3K | |
| Total liabilities and stockholders equity | $7.2M | $11.5M | ||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | 5.0M shares | |
| Preferred stock, par value | $0.00 | $0.00 | $0.00 | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, shares authorized | 70.0M shares | 70.0M shares | 70.0M shares | |
| Common stock, par value | $0.00 | $0.00 | $0.00 | |
| Common stock, shares outstanding | 48.6M shares | 47.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2008-12-31 |
|---|---|---|---|---|
| Cash | $899.4K | $1.1M | ||
| Accounts receivable, net of allowance for doubtful accounts | $149.9K | $142.6K | ||
| Inventories | $4.9M | $7.4M | ||
| Total current assets | $6.0M | $8.6M | ||
| PROPERTY AND EQUIPMENT, net | $117.7K | $115.8K | ||
| Security deposit | $2.2K | $2.2K | ||
| Deposits and costs coincident to acquisition of land for development | $943.9K | $2.8M | ||
| Prepaid contract interest | $190.0K | |||
| Other assets | $22.7K | $10.7K | ||
| Total assets | $7.2M | $11.5M | ||
| Accounts payable and accrued expenses | $640.8K | $1.1M | ||
| Accrued interest | $414.6K | $354.7K | ||
| Accrued taxes | $460.3K | $338.9K | ||
| Deposits held | $363.5K | $1.1M | ||
| Construction liabilities | $104.9K | |||
| Mortgages payable- current | $1.0M | |||
| Loans payable-others | $36.6K | $44.6K | ||
| Note payable-line of credit | $842.0K | $922.0K | ||
| Loans payable to related parties | $926.9K | $667.0K | ||
| Total current liabilities | $3.7M | $5.7M | ||
| Long-term mortgages payable | $1.8M | $2.9M | ||
| Total liabilities | $5.5M | $8.6M | ||
| Common stock; 70,000,000 shares authorized, $.001 par value, as of December 31, 2025 and 2024, there are 48,564,493 and 47,414,493 shares outstanding, respectively | $48.6K | $47.4K | ||
| Additional paid-in capital | $2.5M | $3.7M | ||
| Retained earnings (accumulated deficit) | -$1.2M | -$1.4M | ||
| Total stockholders equity attributable to Dream Homes and Development Corporation | $1.4M | $2.4M | ||
| Non-controlling interest | $330.7K | $500.0K | ||
| Total stockholders equity | $1.7M | $2.9M | $633.3K | |
| Total liabilities and stockholders equity | $7.2M | $11.5M | ||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | 5.0M shares | |
| Preferred stock, par value | $0.00 | $0.00 | $0.00 | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, shares authorized | 70.0M shares | 70.0M shares | 70.0M shares | |
| Common stock, par value | $0.00 | $0.00 | $0.00 | |
| Common stock, shares outstanding | 48.6M shares | 47.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $749.0K | $876.0K |
| Depreciation expense | $23.6K | $3.3K |
| Stock based compensation | $25.3K | |
| Loss on debt settlement | $121.0K | $300.5K |
| Accounts receivable | -$7.3K | $59.9K |
| Prepaid fees-property held for development | $332.4K | |
| Inventories | $4.3M | -$3.2M |
| Other assets | -$12.0K | -$10.7K |
| Accounts payable and accrued liabilities | -$388.5K | $326.1K |
| Deposits held | -$772.2K | $625.7K |
| Construction liabilities | -$104.9K | -$127.7K |
| Net cash provided by (used in) operating activities | $3.9M | -$773.6K |
| Purchase of office equipment and vehicles | -$349 | -$119.1K |
| Deposits and costs coincident to acquisition of land for development | $26.6K | -$178.1K |
| Net cash used in investing activities | $26.3K | -$297.1K |
| Proceeds from loans payable-others | $89.5K | |
| Proceeds from loans payable to related parties | $10.9K | $12.0K |
| Proceeds from mortgages | $1.3M | $1.4M |
| Payments on mortgages | -$3.6M | -$1.1M |
| Distributions | -$2.0M | -$628.3K |
| Repayments on line of credit | -$80.0K | |
| Repayments of loans payable-others | -$8.0K | -$214.2K |
| Repayments of loans payable to related parties | $249.1K | -$115.4K |
| Net cash provided (used) by financing activities | -$4.1M | -$587.7K |
| NET INCREASE (DECREASE) IN CASH | -$154.6K | -$1.7M |
| Shares issued for related party debt conversion | $105.0K |
No quarter-by-quarter statement was filed.
Compare Dream Homes & Development Corp. with another company
What it owns
What Dream Homes & Development Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $92.8K4 Dec 31, 2025 | $69.2K4 Dec 31, 2024 | +34.1% |
| Property and equipment, net | $117.7K4 Dec 31, 2025 | $115.8K4 Dec 31, 2024 | +1.6% |
Inventory
Properties, in its own words
Our corporate headquarters are located at 314 South Main Street, Forked River, NJ 08731.
Item 2 of the 10-K filed Apr 17, 2026.3
Leadership
Who has led Dream Homes & Development Corp., and when. Pick a name to see everywhere that person has worked.
President
- PresidentRoger Fidler Apr 28, 2016 to Apr 28, 201613
Board members and other officers (1)
- Board memberRoger Fidler Apr 28, 2016 to Apr 28, 201613
Former names
- Virtual Learning Company, Inc.Jun 2, 2011 to Apr 17, 20172
Timeline
Filings
43 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 4 major events, 20 other. The latest 20:
- Jul 22, 202615-12G/A EDGAR
- May 26, 202615-12G FORM 15 EDGAR
- May 15, 2026NT 10-Q EDGAR
- Apr 17, 202610-K EDGAR
- Apr 1, 2026NT 10-K EDGAR
- Feb 5, 2026UPLOAD EDGAR
- Nov 13, 202510-Q EDGAR
- Nov 12, 2025NT 10-Q EDGAR
- Sep 16, 2025CORRESP EDGAR
- Aug 27, 202510-Q EDGAR
- Aug 19, 20258-K EDGAR
- Aug 19, 2025UPLOAD EDGAR
- Aug 15, 2025NT 10-Q EDGAR
- May 19, 202510-Q EDGAR
- May 14, 2025NT 10-Q EDGAR
- Apr 15, 202510-K EDGAR
- Nov 25, 202410-Q EDGAR
- Nov 4, 202410-Q EDGAR
- Oct 15, 202410-Q EDGAR
- Sep 10, 202410-K EDGAR
The 43 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How Dream Homes & Development Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDream Homes & Development Corp.1
- CIK0001518336
- Employer ID (EIN)40-00117013
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)1531 Operative Builders1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address314 S. Main Street, Forked River, NJ 087311
- Phone609-693-88811
- Shares outstanding48,564,493 shares as of Apr 15, 20263
- Public float$0 as of Jun 30, 20254
- AuditorN/A, N/A PCAOB ID 99993
- On EDGAR sinceJun 2, 20111
- Filings154 in all: 10-Q (43), NT 10-Q (24), 8-K (23), 10-K (15), NT 10-K (10), 10-K/A (6), 10-Q/A (5), UPLOAD (5)1
All 22 form types
CORRESP (3), S-1/A (3), SC 13D (3), D (2), EFFECT (2), POS AM (2), 15-12G (1), 15-12G/A (1), 3 (1), 424B3 (1), 8-A12G (1), DEF 14C (1), PRE 14C (1), S-1 (1)
- Latest filingsAnnual report (10-K) Apr 17, 2026
Quarterly report (10-Q) Nov 13, 2025
Latest 8-K (8-K) Aug 19, 2025
Risk factors and legal proceedings
The risks Dream Homes & Development Corp. names in Item 1A of its 10-K filed Apr 17, 2026: 22 risks under these headings, as written.3
- The Purchase of the Shares is highly speculative and involves a high degree of risk. Each prospective Investor is urged to consider carefully the risk factors discussed below, in addition to the risks set forth elsewhere, in determining whether an investment in the Company should be made and is appropriate for them. You should not invest in our common stock unless you can afford to lose your entire investment and you are not dependent on the funds you are investing.
- Our Board of Directors contains two independent directors.
- Our home sales and operating revenues could decline due to macro-economic and other factors outside of our control, such as changes in consumer confidence, declines in employment levels and volatile material and supply costs.
- A substantial increase in mortgage interest rates or unavailability of mortgage financing may reduce consumer demand for our homes.
- If we are unsuccessful in competing against our homebuilding competitors, our market share could decline or our growth could be impaired and, as a result, our financial results could suffer. Notwithstanding that potential risk, the barriers to entry in the elevation/renovation portion of our business are very high, primarily due to the complexity of the home elevation process.
- We could experience a reduction in new home sales and revenues or reduced cash flows due to our inability to acquire land for our housing developments if we are unable to obtain reasonably priced financing to support our homebuilding activities. Notwithstanding, the elevation/renovation portion of our business should suffer little or no effect for these reasons, since the primary source of funds for this type of project is private and client based.
- We are subject to extensive government regulation which could cause us to incur significant liabilities or restrict our business activities.
- We may incur additional operating expenses due to compliance programs or fines, penalties and remediation costs pertaining to environmental regulations within our markets.
- We may be subject to significant potential liabilities because of construction defect, product liability, and warranty claims made against us.
- Our operating expenses could increase if we are required to pay higher insurance premiums or litigation costs for claims involving construction defect and product liability claims, which could cause our net income to decline.
- Raw material and labor shortages and price fluctuations could delay or increase the cost of new home construction and adversely affect our operating results.
- We experience fluctuations and variability in our operating results on a quarterly basis and, as a result, our historical performance may not be a meaningful indicator of future results.
The other 10 risks
- Our future growth may include additional acquisitions of companies that may not be successfully integrated and may not achieve expected benefits.
- The occurrence of natural disasters could increase our operating expenses and reduce our revenues and cash flows.
- Future terrorist attacks against the United States or increased domestic or international instability could have an adverse effect on our operations.
- Compliance with changing regulation of corporate governance and public disclosure may result in additional expenses, which as a smaller public company may be disproportionately high.
- Failure to achieve and maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 could have a material adverse effect on our business and operating results. In addition, current and potential stockholders could lose confidence in our financial reporting, which could have an adverse effect on our stock price.
- We may need additional capital in the future, but there is no assurance that funds will be available on acceptable terms.
- RISKS RELATING TO OUR COMMON SHARES
- You will not receive dividend income from an investment in the shares and as a result, you may never see a return on your investment.
- Our stock price may fluctuate significantly, and you may not be able to resell your shares at or above the current market price.
- Sales of substantial amounts of our common stock in the public markets, or the perception that such sales might occur, could reduce the price of our common stock and may dilute your voting power and your ownership interest in us.
- Insiders have substantial control over us and could limit your ability to influence the outcome of key transactions, including a change of control.
Legal proceedings
To the knowledge of the officers and directors of the Company, neither the Company nor any of its officers or directors is a party to any material legal proceeding or litigation and such persons know of no material legal proceeding or litigation contemplated or threatened. None of the officers or directors have been convicted of a felony or misdemeanor relating to securities or performance in corporate office.
The Company, through one of its subsidiaries, is involved in several minor lawsuits in which it expects to prevail, The Company considers the substance of these claims to be of no merit.
Though the Company considers these lawsuits to be frivolous, it has chosen to disclose their existence in the interest of full transparency. In demonstration of its opposition to these awards, the Company is vigorously defending all cases and believes it shall prevail in court.
In the opinion of the Company and of its professional advisors, none of the lawsuits which the Company is currently involved in have any substantive validity or potential for material consequence to the Company.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 9
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- 12
- 13SEC EDGARRoger Fidler, President
- 14SEC EDGARChange of auditor
- 15SEC EDGAROther events
- 16SEC EDGARChange of auditor
- 17SEC EDGAROther events