Dream Homes & Development Corp. Files 2023 10-K
Ticker: DREM · Form: 10-K · Filed: Sep 10, 2024 · CIK: 1518336
| Field | Detail |
|---|---|
| Company | Dream Homes & Development CORP. (DREM) |
| Form Type | 10-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $120,000,000, $240,000,000, $25,000,000, $50,000,000, $5,800,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, company-information
TL;DR
Dream Homes & Development Corp. filed its 2023 10-K. Check financials for 2021-2023.
AI Summary
Dream Homes & Development Corp. filed its 2023 10-K on September 10, 2024, reporting on its fiscal year ending December 31, 2023. The company, formerly Virtual Learning Company, Inc., is incorporated in Nevada and headquartered in Forked River, NJ. Its SIC code is 8200 for Educational Services, though its current operations may differ. The filing covers financial data for the fiscal years 2021, 2022, and 2023.
Why It Matters
This filing provides a comprehensive overview of Dream Homes & Development Corp.'s financial performance and business operations for the fiscal year 2023, crucial for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: low — The provided text is a header and basic company information from a 10-K filing, lacking specific financial performance details or forward-looking statements that would indicate higher risk.
Key Numbers
- 2023 — Fiscal Year End (The most recent fiscal year reported in the 10-K.)
- 2022 — Previous Fiscal Year (Comparative financial data is available for this year.)
- 2021 — Prior Fiscal Year (Comparative financial data is available for this year.)
Key Players & Entities
- Dream Homes & Development Corp. (company) — Filer of the 10-K
- Virtual Learning Company, Inc. (company) — Former name of Dream Homes & Development Corp.
- 20231231 (date) — Fiscal year end date
- 20240910 (date) — Filing date
- 0001518336 (company) — Central Index Key for Dream Homes & Development Corp.
- 8200 (industry_code) — Standard Industrial Classification for Educational Services
- NV (state) — State of incorporation
- NJ (state) — State of business and mail address
- 609-693-8881 (phone_number) — Business phone number
FAQ
What is the primary business of Dream Homes & Development Corp. as of December 31, 2023?
The filing lists the Standard Industrial Classification as SERVICES-EDUCATIONAL SERVICES [8200], but the company's former name was Virtual Learning Company, Inc. Specific current business operations are not detailed in this excerpt.
When was the 10-K filing submitted to the SEC?
The 10-K filing was submitted on 20240910.
What was the company's former name?
The company was formerly known as Virtual Learning Company, Inc.
In which state is Dream Homes & Development Corp. incorporated?
Dream Homes & Development Corp. is incorporated in Nevada (NV).
What is the company's principal business address?
The company's business address is 314 S. MAIN STREET, FORKED RIVER, NJ 08731.
Filing Stats: 4,521 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-09-10 15:28:15
Key Financial Figures
- $120,000,000 — , this volume of production could yield $120,000,000 - $240,000,000 in gross revenue and $25
- $240,000,000 — f production could yield $120,000,000 - $240,000,000 in gross revenue and $25,000,000 - $50,
- $25,000,000 — 000 - $240,000,000 in gross revenue and $25,000,000 - $50,000,000 in earnings to the Compan
- $50,000,000 — ,000 in gross revenue and $25,000,000 - $50,000,000 in earnings to the Company. Managemen
- $5,800,000 — Dream has also estimated an additional $5,800,000 worth of residential construction proje
- $1,000,000 — r funds in use, and is in the amount of $1,000,000. This facility has been utilized in par
Filing Documents
- form10-k.htm (10-K) — 757KB
- ex31-1.htm (EX-31.1) — 8KB
- ex32-1.htm (EX-32.1) — 4KB
- form10-k_001.jpg (GRAPHIC) — 13KB
- 0001493152-24-035617.txt ( ) — 3313KB
- drem-20231231.xsd (EX-101.SCH) — 28KB
- drem-20231231_cal.xml (EX-101.CAL) — 44KB
- drem-20231231_def.xml (EX-101.DEF) — 95KB
- drem-20231231_lab.xml (EX-101.LAB) — 211KB
- drem-20231231_pre.xml (EX-101.PRE) — 168KB
- form10-k_htm.xml (XML) — 338KB
Risk Factors
Item 1A. Risk Factors 11
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 18
Properties
Item 2. Properties 18
Legal Proceedings
Item 3. Legal Proceedings 18
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 18 PART II
Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 19
Selected Financial Data
Item 6. Selected Financial Data 19
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 20
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 27
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 27
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 28
Controls and Procedures
Item 9A. Controls and Procedures 28 PART III
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 30
Executive Compensation
Item 11. Executive Compensation 32
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 32
Certain Relationships and Related Transactions and Director Independence
Item 13. Certain Relationships and Related Transactions and Director Independence 33
Principal Accounting Fees and Services
Item 14. Principal Accounting Fees and Services 33 PART IV
Exhibits and Financial Statement Schedules
Item 15. Exhibits and Financial Statement Schedules 34
Signatures
Signatures 35 EX-31.1 EX-32.1 2 CERTAIN DEFINITIONS Unless the context requires otherwise, all references in this Annual Report on Form 10-K (the "Annual Report") to "Dream Homes & Development Corporation," "Dream" "Company," "we," "our" and "us" refer to Dream Homes & Development Corporation. SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS This Annual Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Annual Report on Form 10-K are forward-looking statements. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "continues," "likely," "may," "opportunity," "potential," "projects," "will," "expects," "plans," "intends" and similar expressions to identify forward-looking statements, whether in the negative or the affirmative. These involve known and unknown risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements. Forward-looking and management's estimates of trends and economic factors in the markets in which we are active, as well as our business plans. They are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. Our actual results and financial conditions may differ, possibly materially, from the anticipated results and financial conditions indicated in these forward-looking statements. There are a number of factors tha