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Tue Oct 27 · markets open3 signals today140 insider buys this week · $73.9MCIRO short report next: Oct 31The week ahead

DREM

Dream Homes & Development Corp.
OTC · INDUSTRIALS · OPERATIVE BUILDERS
0.02
+0.00 +0.00%
USD · close Oct 26

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MKT CAP $1.2MP/E 1.2DIV YIELD —FCF YIELD —REV TTM $10.1M +102.5%NET INCOME $418K +11.2%NET DEBT $1.2M52W 0.01 – 0.03SEC XBRL · TTM TO Invalid Date

How DREM rewrote its risk factors

10-K ITEM 1A · FY2024 → FY2025
Text kept
91%
of sentences unchanged
Added
9
new sentences
Dropped
13
sentences removed
Length
−70
words, now 7,104

New in FY2025

  • Explanatory Note : This Annual Report on Form 10-K for the period ended December 31, 2025 has not been audited by an independent registered public accounting firm in accordance with the rules and regulations of the Securities and Exchange Commission.
  • As a result, this report is considered deficient and may not fully comply with all applicable requirements of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
  • Business Overview & Nature of Operations Building on a history of over 2,500 new homes built and over 400 elevation/renovation/addition projects since 1993, the management of Dream Homes & Development Corporation has positioned the company to emerge as a rapidly growing regional developer of new single and multi-family subdivisions as well as a leader in coastal new home and modular construction, elevation, Build to Lease and Improved Lots for Sale.
  • Dream Homes continues to pursue opportunities in new single and multi-family home construction, with 5 developments totaling 357 units in title, or under contract and in development.
  • Currently 2 new multi-family developments, which represent a total of 79 units (of the 357 total units in title or under contract), will be changed from Build For Sale to Build for Lease.
  • Simonelli, has over 33 years of active experience in real estate finance, development, construction and marketing.
  • Simonelli has developed, built and marketed over 200,000 square feet of commercial and over 2,500 residential dwellings in over 450 separate developments, as well as over 400 elevation/renovation/demo reconstruction projects.
  • Pezzullo was previously an Information Technology professional for Dream Homes, but no longer serves in that capacity, though he remains as the third member of the board.
  • As of December 31, 2025, our principal stockholders, directors, and executive officers and entities affiliated with them owned approximately 79.0 % of the outstanding shares of our common stock.

Gone since FY2024

  • Business Overview & Nature of Operations Building on a history of over 2,000 new homes built and over 400 elevation/renovation/addition projects since 1993, the management of Dream Homes & Development Corporation has positioned the company to emerge as a rapidly growing regional developer of new single and multi-family subdivisions as well as a leader in coastal new home and modular construction, elevation, Build to Lease and Improved Lots for Sale.
  • Dream Homes continues to pursue opportunities in new single and multi-family home construction, with 5 developments totaling 303 units in title, or under contract and in development.
  • Currently 2 new multi-family developments, which represent a total count of 79 units (of the 303 total units in title or under contract), will be changed from Build For Sale to Build for Lease.
  • Simonelli, has over 31 years of active experience in real estate finance, development, construction and marketing.
  • Simonelli has developed, built and marketed over 200,000 square feet of commercial and over 2,000 residential dwellings in over 450 separate developments.
  • Our business operations have been and may continue to be materially and adversely affected by the outbreak of the novel respiratory illness coronavirus (“COVID-19”).
  • On March 11, 2020, the World Health Organization declared the outbreak of the novel respiratory illness COVID-19 a pandemic.
  • The new strain of COVID-19 is considered to be highly contagious and poses a serious public health threat.
  • The outbreak of COVID-19 emerged in China, where many of the Company’s material suppliers are located.
  • Any outbreak of such epidemic illness or other adverse public health developments may materially and adversely affect the global economy, our markets and our business.
  • A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our market areas could continue to result in delays in the delivery of products and services to our customers, increased costs and reduced revenue.
  • Pezzullo was previously an employee of Dream Homes, serving as the VP of Information Technology, but no longer holds that position, though he remains as third member of the board.
  • As of December 31, 2024, our principal stockholders, directors, and executive officers and entities affiliated with them owned approximately 79.0 % of the outstanding shares of our common stock.

Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.

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