Dream Homes & Development (DREM) 10-K 22 May 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	May 20, 2020	Jun. 28, 2019
Document And Entity Information
Entity Registrant Name	Dream Homes & Development Corp.
Entity Central Index Key	0001518336
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,267,551
Entity Common Stock, Shares Outstanding		29,876,493
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 233,402	$ 118,687
Accounts receivable, net of allowance for doubtful accounts ($29,838)	410,550	349,218
Loan receivable, related party	44,991
Employee advances	2,500
Contract assets	328,244	105,847
Total current assets	1,019,687	573,752
PROPERTY AND EQUIPMENT, net	33,501	10,731
OTHER ASSETS
Accounts receivable, net of allowance for doubtful accounts ($43,000)	32,000	32,000
Security deposit	2,200	2,200
Deposits and costs coincident to acquisition of land for Development	606,241	360,967
Total assets	1,693,629	979,650
CURRENT LIABILITIES
Accounts payable and accrued expenses	738,322	317,634
Accrued interest	6,831
Contract liabilities	228,661	254,208
Income taxes payable	53,174	21,525
Note payable-line of credit	161,962
Loans payable		20,000
Loans payable to related parties	6,790	52,243
Total current liabilities	1,195,740	665,610
STOCKHOLDERS' EQUITY
Preferred stock; 5,000,000 shares authorized, $.001 par value, as of December 31, 2019 and 2018, there are no shares outstanding
Common stock; 70,000,000 shares authorized, $.001 par value, as of December 31, 2019 and 2018, there are 25,878,993 and 24,000,953 shares outstanding, respectively; and 16,000 shares committed not yet issued at December 31, 2018, respectively	25,879	24,201
Additional paid-in capital	1,868,504	1,671,988
Accumulated deficit	(1,396,494)	(1,382,149)
Total stockholders' equity	497,889	314,040
Total liabilities and stockholders' equity	$ 1,693,629	$ 979,650

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable, current	$ 29,838	$ 29,838
Allowance for doubtful accounts receivable, non-current	$ 43,000	$ 43,000
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares outstanding
Common stock, shares authorized	70,000,000	70,000,000
Common stock, par value	$ 0.001	$ .001
Common stock, shares outstanding	25,878,993	24,200,953
Common stock, shares subscribed but unissued	16,000	16,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue:
Cost of construction contracts	$ 2,090,966	$ 1,506,629
Gross profit	1,012,045	1,068,324
Operating Expenses:
Selling, general and administrative, including stock based compensation of $88,194 and $117,844, respectively	990,210	1,040,306
Depreciation expense	6,230	4,913
Total operating expenses	996,440	1,045,219
Income from operations	15,605	23,105
Other income (expenses):
Gain on conversion of loan payable	10,000
Interest expense	(8,301)
Total other income (expenses)	1,699
Net income before income taxes	17,304	23,105
Provision for income taxes	31,649	21,525
Net income (loss)	$ (14,345)	$ 1,580
Basic and diluted income (loss) per common share	$ 0	$ 0
Weighted average common shares outstanding-basic and diluted	25,291,258	24,200,993
Construction Contracts [Member]
Revenue:
Total revenue	$ 3,103,011	$ 2,574,953

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Stock based compensation	$ 88,194	$ 117,844

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Deficiency) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2017	$ 24,201	$ 1,554,144	$ (1,383,729)	$ 194,616
Balance, shares at Dec. 31, 2017	24,200,993
Expense relating to stock warrants		117,844		117,844
Net loss			1,580	1,580
Balance at Dec. 31, 2018	$ 24,201	1,671,988	(1,382,149)	314,040
Balance, shares at Dec. 31, 2018	24,200,993
Expense relating to stock warrants		30,394		30,394
Issuance of 58,000 restricted common shares for consulting services at $.08 per share	$ 58	5,742		5,800
Issuance of 58,000 restricted common shares for consulting services at $.08 per share, shares	58,000
Issuance of 520,00 restricted common shares for stock-based compensation at $.10 per share	$ 520	51,480		52,000
Issuance of 520,00 restricted common shares for stock-based compensation at $.10 per share, shares	520,000
Issuance of 1,000,000 restricted common shares for debt reduction to Chief Executive Officer at $.10 per share	$ 1,000	99,000		100,000
Issuance of 1,000,000 restricted common shares for debt reduction to Chief Executive Officer at $.10 per share, shares	1,000,000
Issuance of 100,000 restricted common shares for debt reduction at $.10 per share	$ 100	9,900		10,000
Issuance of 100,000 restricted common shares for debt reduction at $.10 per share, shares	100,000
Net loss			(14,345)	(14,345)
Balance at Dec. 31, 2019	$ 25,879	$ 1,868,504	$ (1,396,494)	$ 497,889
Balance, shares at Dec. 31, 2019	25,878,993

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Deficiency) (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Consulting Services [Mermber]
Issuance of restricted common shares	58,000
Shares issued price per share	$ 0.08
Stock Based Compensation [Mermber]
Issuance of restricted common shares	520,000
Shares issued price per share	$ 0.10
Debt Reduction To Chief Executive [Mermber]
Issuance of restricted common shares	1,000,000
Shares issued price per share	$ 0.10
Debt Reduction [Mermber]
Issuance of restricted common shares	100,000
Shares issued price per share	$ 0.10
Executive Team [Member]
Stock warrants issued during the period		750,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net income (loss)	$ (14,345)	$ 1,580
Adjustments to reconcile net income to net cash provided (used) in operating activities:
Amortization of debt discounts
Depreciation expense	6,230	4,913
Stock-based compensation	88,194	117,844
Gain on conversion of loan payable	(10,000)
Changes in operating assets and liabilities:
Accounts receivable	(61,332)	(238,029)
Loan receivable, related party	(44,991)
Employee advances	(2,500)
Contract assets	(222,397)	(36,348)
Accounts payable and accrued liabilities	475,235	73,369
Accrued interest	6,831
Contract liabilities	(25,547)	175,725
Income taxes payable	31,649	21,525
Net cash provided in operating activities	227,027	26,159
INVESTING ACTIVITIES
Purchase of office equipment and vehicles	(29,000)	(6,500)
Deposits and costs coincident to acquisition of land for development	(245,274)	(150,838)
Net cash (used) in investing activities	(274,274)	(157,338)
FINANCING ACTIVITIES
Proceeds from note payable-line of credit	161,962
Proceeds from loans payable to related parties		37,500
Proceeds from loans payable		20,000
Net cash provided by financing activities	161,962	57,500
NET INCREASE (DECREASE) IN CASH	114,715	(125,997)
CASH BALANCE, BEGINNING OF PERIOD	118,687	244,684
CASH BALANCE, END OF PERIOD	233,402	118,687
Supplemental Disclosures of Cash Flow Information:
Interest paid
Income taxes paid
Non-Cash Investing and Financing Activities:
Issuance of 1,100,000 restricted common stock for debt reduction	$ 110,000

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	12 Months Ended
	Dec. 31, 2019shares
Statement of Cash Flows [Abstract]
Issuance of 1,100,000 restricted common stock for debt reduction	1,100,000

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	Note 1 - Significant Accounting Policies Nature of Operations Dream Homes & Development Corporation is a regional builder and developer of new single-family homes and subdivisions, as well as a market leader in coastal construction, elevation and mitigation. In the five years that have passed since Superstorm Sandy flooded 30,000 owner-occupied homes, Dream Homes has helped hundreds of homeowners to rebuild or raise their homes to comply with new FEMA requirements. In addition to the coastal construction market, Dream Homes will continue to pursue opportunities in new single and multi-family home construction, with 3 new developments totaling 119 units under contract and in development. Dream Homes’ operations will include the development and sale of a variety of residential communities, including construction of semi-custom homes, entry-level and first time move-up single-family and multi-family homes. In addition to the New Jersey market, the Company, through its Dream Building LLC subsidiary, has become licensed in Florida to pursue recent opportunities for elevation, restoration, renovation and new construction brought about by the damage caused by recent hurricanes. Initial markets to be targeted are located primarily in the southwest portion of the state, between Naples and Cape Coral. In addition to the Company’s construction operations, the Company holds a bi-monthly “Dream Homes Nearly Famous Rebuilding Seminar”, and publishes an informational blog known as the “Dream Homes Rebuilding Blog”. The Rebuilding Seminar is an educational tool for homeowners who need rebuilding or renovations. This seminar has been presented steadily since early 2013, and is designed to educate and assist homeowners in deciphering the confusion about planning and executing complex residential construction projects. A professional team attends each seminar and presents on a diverse variety of topics, including expert advice from architects, engineers, finance people, attorneys, project managers, elevation professionals and builder/general contractors. The “Dream Homes Rebuilding Blog” is an educational platform written by Vincent Simonelli, which offers comprehensive advice on all aspects of construction, finance, development and real estate. The Blog is located at http://blog.dreamhomesltd.com. History Dream Homes & Development Corporation was originally incorporated as The Virtual Learning Company, Inc. (“Virtual Learning”) on January 6, 2009 as a Nevada corporation with 75,000,000 shares of capital stock authorized, of which 70,000,000 shares are common shares ($.001 par value), and 5,000,000 shares are preferred shares ($.001 par value). On March 14, 2017, Virtual Learning changed its name to Dream Homes & Development Corporation (“DHDC”). DHDC maintains a web site at www.dreamhomesltd.com http://blog.dreamhomesltd.com. Principles of Consolidation The consolidated financial statements include the accounts of DHDC and its wholly owned subsidiary DBL (collectively, the “Company”). All intercompany balances and transactions have been eliminated in consolidation. Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Depreciation is provided using the straight-line method over an estimated useful life of five years. Repairs and maintenance costs are expensed as incurred, and renewals and betterments are capitalized. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates. Fair Value of Financial Instruments Fair value is defined as the price that we would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, GAAP establishes a three-level hierarchy used in measuring fair value, as follows: ● Level 1 inputs are quoted prices available for identical assets and liabilities in active markets. ● Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data. ● Level 3 inputs are less observable and reflect our own assumptions. Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and loans payable to related parties. The carrying amount of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, and loans payable to related parties approximates fair value because of their short maturities. Revenue recognition: The Company adopted Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) on January 1, 2018. In accordance with ASC 606, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services, in accordance with the following five-step process: · Identify the contract(s) with a customer · Identify the performance obligations · Determine the transaction price · Allocate the transaction price · Recognize revenue when the performance obligations are met For the periods presented prior to the adoption of ASC 606, revenues from long-term construction contracts were recognized in accordance with ASC Topic 605-35, “Revenue Recognition-Construction-Type and Production-Type Contracts.” The Company recognizes construction contract revenue over time using the percentage-of-completion method, based primarily on contract cost incurred to date compared to total estimated contract cost. Cost of revenue includes an allocation of depreciation, amortization and general overhead cost. Changes to total estimated contract cost or losses, if any, are recognized in the period in which they are determined. The Company generally provides limited warranties for work performed under its construction contracts with periods typically extending for a limited duration following substantial completion of the Company’s work on a project. The Company classifies construction-related receivables and payables that may be settled in periods exceeding one year from the balance sheet date, if any, as current assets and liabilities consistent with the length of time of its project operating cycle. For example: ● Contract assets represent costs and estimated earnings in excess of billings represent the excess of contract costs and profits (or contract revenue) over the amount of contract billings to date and are classified as a current asset. ● Contract liabilities represent billings in excess of costs and estimated earnings represent the excess of contract billings to date over the amount of contract costs and profits (or contract revenue) recognized to date and are classified as a current liability. Contract liabilities result when either: 1) costs are incurred related to certain claims and unapproved change orders, or 2) the appropriate contract revenue amount has been recognized in accordance with the percentage-of-completion accounting method, but a portion of the revenue recorded cannot be billed currently due to the billing terms defined in the contract. Claims occur when there is a dispute regarding both a change in the scope of work and the price associated with that change. Unapproved change orders occur when there is a dispute regarding only the price associated with a change in scope of work. For both claims and unapproved change orders, the Company recognizes revenue, but not profit, when it is determined that recovery of incurred cost is probable and the amounts can be reliably estimated. Change in Estimates: The Company’s estimates of contract revenue and cost are highly detailed and many factors change during a contract performance period that result in a change to contract profitability. These factors include, but are not limited to, differing site conditions: availability of skilled contract labor: performance of major material suppliers and subcontractors: on-going subcontractor negotiations and buyout provisions: unusual weather conditions: changes in the timing of scheduled work: change orders: accuracy of the original bid estimate: changes in estimated labor productivity and costs based on experience to date: achievement of incentive-based income targets: and the expected, or actual, resolution terms for claims. The factors that cause changes in estimates vary depending on the maturation of the project within its lifecycle. For example, in the ramp-up phase, these factors typically consist of revisions in anticipated project costs and during the peak and close-out phases, these factors include the impact of change orders and claims as well as additional revisions in remaining anticipated project costs. Generally, if the contract is at an early stage of completion, the current period impact is smaller than if the same change in estimate is made to the contract at a later stage of completion. Management focuses on evaluating the performance of contracts individually and uses the cumulative catch-up method to account for revisions in estimates. Material changes in estimates are disclosed in the notes to the consolidated financial statements. Income Taxes The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the provision for income tax in the statements of operations. The Company evaluates the probability of realizing the future benefits of its deferred tax assets and provides a valuation allowance when realization of the assets is not reasonably assured. The Company recognizes in its financial statements the impact of tax positions that meet a “more likely than not” threshold, based on the technical merits of the position. The tax benefits recognized from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Net Income (Loss) Per Common Share Basic net income (basic net loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed using the weighted average number of common shares outstanding and potentially dilutive securities outstanding during the period. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification “ASC” Topic 606). The purpose of this ASU is to converge revenue recognition requirements per GAAP and International Financial Reporting Standards (“IFRS”). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in this ASU were originally effective for interim and annual reporting periods beginning after December 15, 2016, with early adoption not permitted by the FASB; however, in August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date after public comment respondents supported a proposal to delay the effective date of this ASU to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. We adopted this ASU on January 1, 2018 and adoption of this ASU did not have a material impact on our financial position, results of operations and cash flows. In February 2016, the FASB issued ASU No. 2016-02, “ Leases (Topic 842) Certain other accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	2 - Property and Equipment Property and equipment is summarized as follows: December 31, 2019 December 31, 2018 Office equipment $ 6,115 $ 4,115 Vehicles/Modular homes 58,065 31,065 Less: Accumulated depreciation (30,679 ) (24,449 ) Property and Equipment- net $ 33,501 $ 10,731 Depreciation expense for the years ended December 31, 2019 and 2018 was $ 6,230 and $4,913, respectively.

Deposits and Costs Coincident t

Deposits and Costs Coincident to Acquisition of Land for Development	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Deposits and Costs Coincident to Acquisition of Land for Development	3- Deposits and Costs Coincident to Acquisition of Land for Development Deposits and costs coincident to acquisition of land for development are summarized as follows: December 31, 2019 December 31, 2018 Lacey Township, New Jersey, Marina contract: Deposit $ - $ 25,000 Site engineering, permits and other costs: - 49,959 Total Marina Contract - 74,959 Lacey Township, New Jersey, Pines contract: Deposit - - Cost to acquire contract 10,000 10,000 Site engineering, permits, and other costs 111,833 109,265 Total Pines contract 121,833 119,265 Berkeley Township, New Jersey, Tallwoods contract: Deposit 10,000 10,000 Site engineering, permits, and other costs 90,146 62,994 Total Tallwoods contract 100,146 72,994 Other Deposits: Clayton, New Jersey - 120 apartments 62,662 9,920 71 Sheridan Avenue, Waretown, New Jersey 44,438 79,150 Louis Avenue, Bayville, New Jersey-17 units 36,271 2,674 Berkeley Terrace – Bayville, New Jersey 70 units 20,000 - Station Dr – Forked River, New Jersey 99,032 - 201 East Ave – Clayton, New Jersey – 77 units 78,000 - Academy St – Clayton, New Jersey – 2 lots 36,133 - Other 7,726 2,005 Total $ 606,241 $ 360,967 Lacey Township, New Jersey, “Dream Homes at the Pines”, Contract On December 15, 2016, the Company acquired from General Development Corp. (“GDC”) rights to a contract to purchase over 9 acres of undeveloped land without amenities in Lacey Township, New Jersey (the “Lacey Contract or Dream Homes at the Pines”) for $15,000 cash (paid in December 2016) and 100,000 restricted shares of Company common stock (issued in April 2017) valued at $5,000. GDC acquired the rights to the contract from DHL on December 14, 2016 for $10,000 cash. As discussed in Note 9, Commitments and Contingencies under Line of Credit, the Company also has an available line of credit of $500,000 with GDC. The Lacey Contract between DHL and the seller of the land was dated March 18, 2016 and provides for a $1,000,000 purchase price with closing on or about 60 days after memorialization of final Development Approvals has been obtained. DHL paid the seller a $10,000 refundable deposit in March 2016 pursuant to the Lacey Contract. In the event the transaction has not closed on at least a portion of the property within 24 months of the completion of the Due Diligence Period (as may be extended by two 6- month extensions), the seller has the option of terminating the contract. Notwithstanding this provision, the Company retains the right at all times to waive any remaining contingencies and proceed to close on the property. Due diligence for the above property was completed as of May 17, 2016, and all costs were incurred by Dream Homes Ltd., which was in the contract for the property at the time. No additional costs for due diligence have been incurred by the Company, nor are any anticipated. The Company will incur all current costs associated with this property necessary to obtain all approvals, acquire the land, install the infrastructure and prepare the property to commence construction. In order to obtain all developmental approvals and be prepared to begin installing infrastructure, various permits and engineering work are required. These permits include but are not limited to township subdivision, county, municipal utility authority, CAFRA (NJ Department of Environmental Protection) and NJ Department of Transportation. To date, design engineering has been completed and a CAFRA application has been prepared and submitted to the environmental scientist, along with a check for $36,750 payable to the NJ DEP. Application for this permit was made in April 2017. As of this date, the CAFRA application has been put on hold pending a determination if the township will be approved by the State of New Jersey for a CAFRA Town Center designation. A Lacey Township Planning Board meeting was held on December 11, 2017. Additional information was requested from the board and the next meeting will be scheduled upon receipt of outside agency permits and the other requested information. It is anticipated that complete development approvals will cost approximately $50,000 more to complete. In addition to these approval costs and acquisition costs, infrastructure costs are anticipated to cost approximately $1,000,000. The total amount of funding required to acquire and make this property ready for home construction is approximately $2,090,000. The Company may need to seek loans from banks to finance this project. As part of their financing agreements, the banks typically require Vincent Simonelli to personally guarantee these loans. If Mr. Simonelli cannot qualify as a guarantor and there is no one other than him in the Corporation to provide those guarantees, the financing of the deal may be adversely affected. The exact amount of funding required for this particular property is not clear at the present time but will be determined when full approvals have been obtained and the Company is prepared to take title to the property. Berkeley Township, New Jersey, “Dream Homes at Tallwoods”, Contract On March 1, 2017, the Company acquired from DHL rights to a contract to purchase over 7 acres of land in Berkeley Township, NJ (the “Tallwoods Contract or Dream Homes at Tallwoods”) for 71,429 restricted shares of Company common stock (issued in April 2017). The Tallwoods Contract between DHL and the seller of the land was dated January 5, 2017 and provides for a $700,000 purchase price with closing on or about 60 days after final development approvals have been obtained and memorialized. DHL paid the seller a refundable $10,000 deposit in January 2017 pursuant to the Tallwoods contract. The due diligence period associated with this property expired on March 4, 2017 and all costs associated with same were paid by Dream Homes Ltd. prior to the expiration date. The Company will incur no further costs related to the due diligence aspect of this purchase. The Company will incur all current and future costs associated with this property necessary to obtain all approvals, acquire the land and prepare the property to commence construction. The land is currently improved with streets and all public utilities in place. As such, the necessary steps required to bring the property through the approval process involve primarily design engineering. Since the property is on an improved street, a major subdivision application will be filed with the township, which will create 13 conforming buildable lots from the existing single 7 acre parcel. Accordingly, the remaining costs will primarily involve engineering and approval costs, as opposed to costs associated with the installation of infrastructure. At this time, the Company estimates that the total engineering and approval costs will be approximately $40,000. The amount of money required to purchase the property is $700,000 of which $10,000 is currently on deposit. The Company has made application to the Berkeley Township Zoning Board. In the event the transaction has not closed on at least a portion of the Property within 12 months of the completion of the Due Diligence Period (as may be extended by two 6-month extensions), the seller has the option of terminating the contract. Notwithstanding this provision, the Company retains the right at all times to waive any remaining contingencies and proceed to close on the property. The Company may need to seek loans from banks to finance this project. As part of their financing agreements, the banks typically require Vincent Simonelli to personally guarantee these loans. If Mr. Simonelli cannot qualify as a guarantor and there is no one other than him in the Corporation to provide those guarantees, the financing of the deal may be adversely affected. The exact amount of funding required for this particular property is not clear at the present time but will be determined when full approvals have been obtained and the Company is prepared to take title to the property. Lacey Township, New Jersey, “Dream Homes at Forked River”, Marina Contract The Company has acquired the rights to a purchase contract via contract assignment for 48 waterfront townhomes with boat slips in Lacey, NJ. The project is currently in the approval process and significant engineering, environmental, traffic and architectural work has been completed. The property is a waterfront property, and is partially improved with all boat slips currently installed, the Department of Transportation permit received and the curb cut from Route 9 in place. On December 8, 2017, the Company acquired from DHL rights to a contract to purchase over +/- 7.5 acres of land in Lacey Township, NJ (the “Marina Contract or Dream Homes at Forked River”) for 162,200 restricted shares of Company common stock (committed but not issued as of April 16, 2018). The Contract between DHL and the seller of the land was dated February 24, 2016 and provides for a $2,166,710 purchase price with closing on or about 60 days after final development approvals have been obtained and memorialized. DHL paid the seller a refundable $25,000 deposit in February 2016 pursuant to the Marina contract. The due diligence period associated with this property expired on May 1, 2016 and all costs associated with same were paid by Dream Homes Ltd. prior to the expiration date. The Company will incur no further costs related to the due diligence aspect of this purchase. The Company will incur all current and future costs associated with this property necessary to obtain all approvals, acquire the land and prepare the property to commence construction. The land is currently approved for a marina and it is the Company’s intention to modify the approvals to a townhome use, as per the ordinance. The property is currently unimproved. As such, the necessary steps required to bring the property through the approval process involve design engineering as well as environmental approvals. Accordingly, the remaining costs will primarily involve engineering, legal and approval costs. At this time, the Company estimates that the total engineering and approval costs will be approximately $100,000. The amount of money required to purchase the property is $2,430,000 of which $25,000 is currently on deposit. The Company may need to seek loans from banks to finance this project. As part of their financing agreements, the banks typically require Vincent Simonelli to personally guarantee these loans. If Mr. Simonelli cannot qualify as a guarantor and there is no one other than him in the Corporation to provide those guarantees, the financing of the deal may be adversely affected. The exact amount of funding required for this particular property is not clear at the present time but will be determined when full approvals have been obtained and the Company is prepared to take title to the property. During the year ended December 31, 2019, the Company determined that this project is impaired and wrote off the capitalized deposit and costs. Little Egg Harbor Township, New Jersey, “Dream Homes at Radio Road”, Contract On March 14, 2018, the Company signed a contract to purchase 4 improved lots in Little Egg Harbor Township, NJ (the “Dream Homes at Radio Road”) for a total of $260,000. The Contract between the Company and the seller of the land provides for a $65,000 per lot purchase price with closing occurring on a rolling basis, as each house is built and sold. In addition, the Company has obtained a term sheet on April 5, 2018 and is waiting for a formal commitment from 1 st The Company intends to begin construction in the second quarter and the homes are projected to sell in the $350,000 - $375,000 range. Glassboro Township, New Jersey – Robin’s Nest Solar Farm On May 28, 2018, the Company signed a contract to purchase a 700 KW property to be developed as a solar farm in Glassboro, NJ. The purchase price is $900,000 and the contract is subject to obtaining funding for the solar array as well as a portion of the purchase price. There is also a PPA (power production agreement) in place with a nursing home adjacent to the property, to purchase the entire electrical output for the next 20 years. This acquisition has been put on hold pending availability of funding. 71 Sheridan Street, Waretown, NJ – Property purchased for renovation and sale On July 12, 2018, the Company purchased a single-family home property located at 71 Sheridan Street in Waretown, NJ. The home was originally damaged by Storm Sandy, and requires elevation and renovation in order to be brought into compliance with the latest FEMA flood zone requirements. The Company intends to complete a full height elevation, enclose the lower level, install 2 levels of deck facing the water, renovate the house completely and sell the property. Louis Avenue – Bayville, NJ – Property being developed In October of 2018, the company entered into a contract to develop and acquire 17 townhouse lots in Bayville NJ. Engineering and approvals are currently in process. Application was made to the Planning Board on March 20, 2020. Other Properties A contract was signed to acquire 70 approved townhome units in Bayville, NJ in October 2019, after 31 months of discussion. A contract was signed to purchase 52 approved townhome units in Forked River, NJ.

Loans Payable to Related Partie

Loans Payable to Related Parties	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Loans Payable to Related Parties	4-Loans Payable to Related Parties Loans payable to related parties is summarized as follows: December 31, 2019 December 31, 2018 Loans payable to chief executive officer $ 3,672 $ 9,025 Loans payable to GPIL (see Note 5) 3,118 3,118 Loan payable to DHL - 40,100 Total $ 6,790 $ 52,243 All the loans above are non-interest bearing and due on demand.

Common Stock Issuances

Common Stock Issuances	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Common Stock Issuances	5 - Common Stock Issuances On January 31, 2018, DHDC committed to issue 16,000 restricted shares of DHDC’s common stock for cash proceeds of $11,400 at $ .40 per share per the subscription agreement. On February 9, 2018, DHL assigned 40,000 restricted shares of Company common stock it held to a minority stockholder of DHL. This minority stockholder of DHL had contributed $10,000 out of approximately $500,000 in a private placement of common stock of DHL in 2010. In addition, this minority stockholder of DHL also received 30,000 restricted shares of DHL common stock in 2011 for legal services. Accordingly, no stock-based compensation was recognized by DHDC for this assignment of 40,000 shares. On February 9, 2018, DHL assigned 25,000 restricted shares of Company common stock it held to the Secretary of both DHDC and DHL for accounting and administrative services rendered to DHL. Accordingly, no stock-based compensation was recognized by DHDC for this assignment of 25,000 shares. On February 9, 2018, DHL assigned 25,000 restricted shares of Company common stock it held to a director of DHDC and service provider to DHL for legal services provided to DHL. Accordingly, no stock-based compensation was recognized by DHDC for this assignment of 25,000 shares. On February 26, 2018 DHDC issued 12,500 restricted shares of DHDC’s common stock for cash proceeds of $ 5,000 at $.40 per share per the Subscription Agreement. On May 9, 2019, the Company issued 58,000 restricted shares of restricted common shares to two individuals for consulting services at $.10 per share. On June 6, 2019, the Company issued 520,000 restricted shares for stock-based compensation at $.10 per share to six individuals. On June 6, 2019, the Company issued 1,000,000 restricted shares for debt reduction to the Chief Executive Officer at $.10 per share. On June 6, 2019, the Company issued 100,000 restricted shares for reduction of note payable at $.10 per share.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	6 – Income Taxes As a result of the Tax Cuts and Jobs Act (Tax Legislation) enacted on December 22, 2017, the United States corporate income tax rate is 21% effective January 1, 2018. Accordingly, we reduced our deferred income tax asset relating to our net operating loss carryforward (and the valuation allowance thereon) by $1,080 from $2,701 (at a statutory United States Federal income tax rate of 35%) to $1,621 ( at a statutory United States Federal income tax rate of 21%) as of December 31, 2017 The sources of the differences follow: Year ended December 31, 2019 Year ended December 31, 2018 Expected tax at 21% $ 3,634 $ 4,852 State income taxes, net of federal income tax benefit 1,557 1,094 Non-deductible stock-based compensation 26,458 24,747 Other - (7,547 ) Change in valuation allowance/NOL used - (1,621 ) Provision for (benefit from) income taxes $ 31,649 $ 21,525 The significant components of DHDC’s deferred tax asset as of December 31, 2019 and December 31, 2018 are as follows: December 31, 2019 December 31, 2018 Deferred tax assets: Net operating loss carry forward $ - $ 57,598 Valuation allowance - (57,598 ) Net deferred tax asset $ - $ - As of December 31, 2019, the Company has no available net operating loss carryforward.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	7- Commitments and Contingencies Construction Contracts As of December 31, 2019, the Company is committed under 22 construction contracts outstanding with homeowners with contract prices totaling $ 5,490,929, which are being fulfilled in the ordinary course of business. None of these construction projects are expected to take significantly in excess of one year to complete from commencement of construction. The Company has no significant commitments with material suppliers or subcontractors that involve any sums of substance or, of long-term duration at the date of issuance of these financial statements. Employment Agreements On April 28, 2017, DHDC executed an Employment Agreement with a Vice President of Business Development. The term of the agreement was scheduled to run from April 28, 2017 to December 31, 2020, unless otherwise cancelled, and was renewable thereafter at 1-year intervals based on certain sales targets. The agreement provided for compensation based on sales. This person stopped working for the Company at the end of 2018 and the agreement was cancelled accordingly. On May 8, 2017, DHDC executed an Employment Agreement with a newly appointed Sales Manager. The term of the agreement is from May 8, 2017 to May 8, 2019 and was renewable thereafter at 1-year intervals based on certain sales targets. That agreement has been renewed and is currently in force. The agreement provides for compensation based on sales. Lease Agreements On June 20, 2017, DHDC executed a lease for office and storage space located at 2109 Bridge Avenue, Point Pleasant, New Jersey. The term of the Lease is five years from June 20, 2017 to June 20, 2022 with two (2) five (5) year options to renew. The Lease provides for monthly rent commencing August 20, 2017 at $1,200 per month until the earlier of completion of upstairs offices or November 20, 2017, at which time the monthly rent increases to $2,200 per month. Assuming DHDC is current in all rent and other charges, DHDC has the option to cancel the Lease with 90 days written notice to Landlord. For the twelve months ended December 31, 2019, rent expense under this lease agreement was $15,600. Monthly lease payments were changed to $1,000 per month as of March 31, 2019. This lease ended as of December 31, 2019 and the Company has vacated the premises. The Company is seeking other showroom office space in northern Ocean and southern Monmouth Counties. Investor Relations Agreement On February 10, 2017, the Company entered into an Investor Relations and Consulting Services Agreement with an investor relations firm. The agreement expired on August 31, 2017 and provided for issuance of 56,000 restricted shares of common stock valued at $2,800 to the investor relations firm (stock issued on February 22, 2017) and $2,000 per month fees to be paid to the investor relations firm commencing March 2017. For the years ended December 31, 2019 and 2018, consulting fees expense under this agreement was $0 and $2,000, respectively. This Agreement is no longer in effect on any type of constant basis, and the services of the Consultant are being utilized on an as-needed basis. Line of Credit On September 15, 2016, DHDC established a $500,000 line of credit with General Development Corp., a non-bank lender. Advances under the line bear interest at a rate of 12%, with interest being payable on demand. The outstanding principal is due and payable in 60 months. The line is secured by the personal guarantee of the Company’s Chief Executive Officer. The agreement to fund automatically renews on a yearly basis as long as interest payments are current. To date, the Company has received several advances under the line of credit. As of December 31, 2019, the outstanding principal balance was $161,962. Interest expense for the year end December 31, 2019 was $ 8,301. Private Placement On November 3, 2017, the Company released a Private Placement Memorandum, which consists of an equity and debt offering for up to $5,000,000 in new capital. This capital will be utilized for acquisition and development of several of the properties the Company has under contract, as well as expansion into the Florida market. The offering is comprised of Units for sale as well as convertible debt. Each Unit is priced at $.40 per common share and includes 1 warrant to purchase an additional share of common stock for $.60 within 3 years of the date of Unit purchase. The convertible debt is offered at an 8% coupon, paid quarterly, has a maturity of 4 years and is convertible at $.75 per share. The offering was scheduled to close on January 2, 2018 and was extended unchanged by the Company to September 2, 2018. As of May 21, 2018, the Company has sold a total of 68,810 units and received $16,400 in cash ($5,000 in December 2017 for 12,500 units, $6,400 in January 2018 for 16,000 units and $5000 in February 2018 for 12,500 units) and was granted a reduction in accounts payable from a lumber vendor of 10,138 for 25,340 units issuable to the vendor as of December 31, 2017.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	8. Related Party Transactions Dream Homes Ltd. Allocated payroll The Company uses the services of Dream Homes Ltd. (DHL) personnel for its operations. For the years ended December 30, 2019 and 2018, selling, general and administrative expenses include $496,197 and $606,703, respectively, for the Company’s estimated share of DHL’s gross payroll and payroll taxes and include $78,000 and $65,888, respectively, salary paid to the Company’s Chief Executive Officer and $57,600 and $62,000, respectively salary paid to the Company’s Secretary and Senior VP. At December 31, 2019 and 2018, accounts payable and accrued expenses include $ 3,000 and $0, respectively, due DHL for unpaid payroll reimbursement. Office Space The Company has occupied office space located in Forked River, New Jersey which is owned by an affiliated company. Commencing April 2017, the Company originally paid DHL monthly rent of $2,000 for this office space. This amount was subsequently increased to $2,500 per month.

Stock Warrants

Stock Warrants	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stock Warrants	9 - Stock Warrants On July 12, 2017, DHDC issued 750,000 stock warrants to various members of Dream Homes & Development Corporation’s executive team (including 500,000 to the Company’s Chief Executive Officer, 100,000 to the Company’s Secretary, and a total of 60,000 to the Company’s two other directors and 50,000 to a non-executive DHL project manager employee). These Warrants entitle the holder to purchase shares of Dream Homes & Development Corporation at $0.30 per share through July 20, 2020. These warrants vest to the Holder on a semi-annual basis over a 36-month period contingent upon Holder’s continued association with the Company. The $407,850 total fair value (calculated using the Black Scholes option pricing model and the following assumptions: (1) stock price of $0.60, (2) exercise price of $0.30, (3) dividend yield of 0%, (4) risk-free interest rate of 1.53%, (5) expected volatility of 171%, and (6) term of 3 years) of the 750,000 warrants is being expensed evenly over the 3 years requisite service period of the individuals that were granted these warrants commencing in July 2017. For the year ended December 31, 2019 and 2018, stock-based compensation attributable to the warrants was $30,394 and $ 117,844, respectively, using the above Black Scholes option pricing model. Included within the 750,000 warrants described in the preceding paragraph are 20,000 warrants issued to the Company’s Vice President of Business Development that are not covered by the Employment Agreement dated April, 28, 2017 and 20,000 warrants issued to the Company’s Sales Manager that are not covered by the Employment Agreement dated May 8, 2017 (see Note 7). Effective April 1, 2019, all remaining warrants were cancelled.

Receivable from Arbitration and

Receivable from Arbitration and Settlement of in Process Customer Construction Contract in Dispute and Related Losses Recognized and Recorded by the Company	12 Months Ended
	Dec. 31, 2019
Contractors [Abstract]
Receivable from Arbitration and Settlement of in Process Customer Construction Contract in Dispute and Related Losses Recognized and Recorded by the Company	10- Receivable from Arbitration and settlement of in process customer construction contract in dispute and related losses recognized and recorded by the Company The Company began work on a construction contract in the amount of $307,000 in August 2016. Through September 30, 2017, the Company billed the customer a total of $219,565, collected a total of $130,247 from the customer, and accordingly had a balance due from the customer of $89,318 at September 30, 2017. When the customer refused to pay the $89,318 balance, the Company ceased working on the contract in July 2017, filed a request for arbitration on October 3, 2017, and filed a Construction Lien Claim on October 18, 2017. On March 6, 2018, the American Arbitration Association awarded the Company $75,000 in connection with its claim. To date the Company has not yet collected the $75,000 owing to it under the arbitration award. Based upon advice of Company Counsel it still has further legal actions available to it to ultimately facilitate payment from the customer of the $75,000 in the contract dispute. Accordingly, at December 31, 2017 the Company has recognized a loss of $14,318 on the write-down of accounts receivable from this customer which has been reflected as a reduction in revenue from construction contracts and gross profit for the year ended December 31, 2017. At December 31, 2017, there was a “Costs and estimated earnings in excess of billings” asset relating to the Arbitration Award disputed contract of $48,419 representing the difference between the amount billed to the customer of $219,565 and costs and estimated earnings of $267,984 through December 31, 2017. Accordingly, at December 31, 2017 the Company has also recognized a loss of $48,419 on the write-down of the “Costs and estimated earnings in excess of billings” asset attributable to this disputed customer contract, which has been reflected as a reduction in revenue from construction contracts and gross profit for the year ended December 31, 2017. Over the life of this contract the Company recognized a cumulative gross profit of $17,658 through December 31, 2017, which is net of a negative gross profit of ($9,012) for the year ended December 31, 2017, based upon the write-down of $14,318 described in the preceding paragraph and the $48,419 write-down described in this paragraph, which aggregate to $62,732.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	11- Subsequent Events Subsequent to December 31, 2019, the Company issued 3,997,500 shares of common stock to employees and consultants for services.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Dream Homes & Development Corporation is a regional builder and developer of new single-family homes and subdivisions, as well as a market leader in coastal construction, elevation and mitigation. In the five years that have passed since Superstorm Sandy flooded 30,000 owner-occupied homes, Dream Homes has helped hundreds of homeowners to rebuild or raise their homes to comply with new FEMA requirements. In addition to the coastal construction market, Dream Homes will continue to pursue opportunities in new single and multi-family home construction, with 3 new developments totaling 119 units under contract and in development. Dream Homes’ operations will include the development and sale of a variety of residential communities, including construction of semi-custom homes, entry-level and first time move-up single-family and multi-family homes. In addition to the New Jersey market, the Company, through its Dream Building LLC subsidiary, has become licensed in Florida to pursue recent opportunities for elevation, restoration, renovation and new construction brought about by the damage caused by recent hurricanes. Initial markets to be targeted are located primarily in the southwest portion of the state, between Naples and Cape Coral. In addition to the Company’s construction operations, the Company holds a bi-monthly “Dream Homes Nearly Famous Rebuilding Seminar”, and publishes an informational blog known as the “Dream Homes Rebuilding Blog”. The Rebuilding Seminar is an educational tool for homeowners who need rebuilding or renovations. This seminar has been presented steadily since early 2013, and is designed to educate and assist homeowners in deciphering the confusion about planning and executing complex residential construction projects. A professional team attends each seminar and presents on a diverse variety of topics, including expert advice from architects, engineers, finance people, attorneys, project managers, elevation professionals and builder/general contractors. The “Dream Homes Rebuilding Blog” is an educational platform written by Vincent Simonelli, which offers comprehensive advice on all aspects of construction, finance, development and real estate. The Blog is located at http://blog.dreamhomesltd.com. History Dream Homes & Development Corporation was originally incorporated as The Virtual Learning Company, Inc. (“Virtual Learning”) on January 6, 2009 as a Nevada corporation with 75,000,000 shares of capital stock authorized, of which 70,000,000 shares are common shares ($.001 par value), and 5,000,000 shares are preferred shares ($.001 par value). On March 14, 2017, Virtual Learning changed its name to Dream Homes & Development Corporation (“DHDC”). DHDC maintains a web site at www.dreamhomesltd.com http://blog.dreamhomesltd.com.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of DHDC and its wholly owned subsidiary DBL (collectively, the “Company”). All intercompany balances and transactions have been eliminated in consolidation.
Property and Equipment	Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Depreciation is provided using the straight-line method over an estimated useful life of five years. Repairs and maintenance costs are expensed as incurred, and renewals and betterments are capitalized.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that we would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, GAAP establishes a three-level hierarchy used in measuring fair value, as follows: ● Level 1 inputs are quoted prices available for identical assets and liabilities in active markets. ● Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data. ● Level 3 inputs are less observable and reflect our own assumptions. Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and loans payable to related parties. The carrying amount of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, and loans payable to related parties approximates fair value because of their short maturities.
Revenue Recognition	Revenue recognition: The Company adopted Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) on January 1, 2018. In accordance with ASC 606, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services, in accordance with the following five-step process: · Identify the contract(s) with a customer · Identify the performance obligations · Determine the transaction price · Allocate the transaction price · Recognize revenue when the performance obligations are met For the periods presented prior to the adoption of ASC 606, revenues from long-term construction contracts were recognized in accordance with ASC Topic 605-35, “Revenue Recognition-Construction-Type and Production-Type Contracts.” The Company recognizes construction contract revenue over time using the percentage-of-completion method, based primarily on contract cost incurred to date compared to total estimated contract cost. Cost of revenue includes an allocation of depreciation, amortization and general overhead cost. Changes to total estimated contract cost or losses, if any, are recognized in the period in which they are determined. The Company generally provides limited warranties for work performed under its construction contracts with periods typically extending for a limited duration following substantial completion of the Company’s work on a project. The Company classifies construction-related receivables and payables that may be settled in periods exceeding one year from the balance sheet date, if any, as current assets and liabilities consistent with the length of time of its project operating cycle. For example: ● Contract assets represent costs and estimated earnings in excess of billings represent the excess of contract costs and profits (or contract revenue) over the amount of contract billings to date and are classified as a current asset. ● Contract liabilities represent billings in excess of costs and estimated earnings represent the excess of contract billings to date over the amount of contract costs and profits (or contract revenue) recognized to date and are classified as a current liability. Contract liabilities result when either: 1) costs are incurred related to certain claims and unapproved change orders, or 2) the appropriate contract revenue amount has been recognized in accordance with the percentage-of-completion accounting method, but a portion of the revenue recorded cannot be billed currently due to the billing terms defined in the contract. Claims occur when there is a dispute regarding both a change in the scope of work and the price associated with that change. Unapproved change orders occur when there is a dispute regarding only the price associated with a change in scope of work. For both claims and unapproved change orders, the Company recognizes revenue, but not profit, when it is determined that recovery of incurred cost is probable and the amounts can be reliably estimated. Change in Estimates: The Company’s estimates of contract revenue and cost are highly detailed and many factors change during a contract performance period that result in a change to contract profitability. These factors include, but are not limited to, differing site conditions: availability of skilled contract labor: performance of major material suppliers and subcontractors: on-going subcontractor negotiations and buyout provisions: unusual weather conditions: changes in the timing of scheduled work: change orders: accuracy of the original bid estimate: changes in estimated labor productivity and costs based on experience to date: achievement of incentive-based income targets: and the expected, or actual, resolution terms for claims. The factors that cause changes in estimates vary depending on the maturation of the project within its lifecycle. For example, in the ramp-up phase, these factors typically consist of revisions in anticipated project costs and during the peak and close-out phases, these factors include the impact of change orders and claims as well as additional revisions in remaining anticipated project costs. Generally, if the contract is at an early stage of completion, the current period impact is smaller than if the same change in estimate is made to the contract at a later stage of completion. Management focuses on evaluating the performance of contracts individually and uses the cumulative catch-up method to account for revisions in estimates. Material changes in estimates are disclosed in the notes to the consolidated financial statements.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the provision for income tax in the statements of operations. The Company evaluates the probability of realizing the future benefits of its deferred tax assets and provides a valuation allowance when realization of the assets is not reasonably assured. The Company recognizes in its financial statements the impact of tax positions that meet a “more likely than not” threshold, based on the technical merits of the position. The tax benefits recognized from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement.
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share Basic net income (basic net loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed using the weighted average number of common shares outstanding and potentially dilutive securities outstanding during the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification “ASC” Topic 606). The purpose of this ASU is to converge revenue recognition requirements per GAAP and International Financial Reporting Standards (“IFRS”). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in this ASU were originally effective for interim and annual reporting periods beginning after December 15, 2016, with early adoption not permitted by the FASB; however, in August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date after public comment respondents supported a proposal to delay the effective date of this ASU to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. We adopted this ASU on January 1, 2018 and adoption of this ASU did not have a material impact on our financial position, results of operations and cash flows. In February 2016, the FASB issued ASU No. 2016-02, “ Leases (Topic 842) Certain other accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and therefore have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of these standards is not expected to be material.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment is summarized as follows: December 31, 2019 December 31, 2018 Office equipment $ 6,115 $ 4,115 Vehicles/Modular homes 58,065 31,065 Less: Accumulated depreciation (30,679 ) (24,449 ) Property and Equipment- net $ 33,501 $ 10,731

Deposits and Costs Coincident_2

Deposits and Costs Coincident to Acquisition of Land for Development (Tables)	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Schedule of Deposits and Costs Coincident to Acquisition of Land for Development	Deposits and costs coincident to acquisition of land for development are summarized as follows: December 31, 2019 December 31, 2018 Lacey Township, New Jersey, Marina contract: Deposit $ - $ 25,000 Site engineering, permits and other costs: - 49,959 Total Marina Contract - 74,959 Lacey Township, New Jersey, Pines contract: Deposit - - Cost to acquire contract 10,000 10,000 Site engineering, permits, and other costs 111,833 109,265 Total Pines contract 121,833 119,265 Berkeley Township, New Jersey, Tallwoods contract: Deposit 10,000 10,000 Site engineering, permits, and other costs 90,146 62,994 Total Tallwoods contract 100,146 72,994 Other Deposits: Clayton, New Jersey - 120 apartments 62,662 9,920 71 Sheridan Avenue, Waretown, New Jersey 44,438 79,150 Louis Avenue, Bayville, New Jersey-17 units 36,271 2,674 Berkeley Terrace – Bayville, New Jersey 70 units 20,000 - Station Dr – Forked River, New Jersey 99,032 - 201 East Ave – Clayton, New Jersey – 77 units 78,000 - Academy St – Clayton, New Jersey – 2 lots 36,133 - Other 7,726 2,005 Total $ 606,241 $ 360,967

Loans Payable to Related Part_2

Loans Payable to Related Parties (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Loans Payable to Related Parties	Loans payable to related parties is summarized as follows: December 31, 2019 December 31, 2018 Loans payable to chief executive officer $ 3,672 $ 9,025 Loans payable to GPIL (see Note 5) 3,118 3,118 Loan payable to DHL - 40,100 Total $ 6,790 $ 52,243

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of States Federal Income Tax Rate Income Loss Before Income Taxes	The sources of the differences follow: Year ended Year ended Expected tax at 21% $ 3,634 $ 4,852 State income taxes, net of federal income tax benefit 1,557 1,094 Non-deductible stock-based compensation 26,458 24,747 Other - (7,547 ) Change in valuation allowance/NOL used - (1,621 ) Provision for (benefit from) income taxes $ 31,649 $ 21,525
Schedule of Deferred Tax Assets	The significant components of DHDC’s deferred tax asset as of December 31, 2019 and December 31, 2018 are as follows: December 31, 2019 December 31, 2018 Deferred tax assets: Net operating loss carry forward $ - $ 57,598 Valuation allowance - (57,598 ) Net deferred tax asset $ - $ - As of December 31, 2018, the Company has no available net operating loss carryforward.

Significant Accounting Polici_3

Significant Accounting Policies (Details Narrative) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jan. 06, 2009
Accounting Policies [Abstract]
Capital stock authorized			75,000,000
Common stock, shares authorized	70,000,000	70,000,000	70,000,000
Common stock, par value	$ 0.001	$ .001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Property and equipment, estimated useful life	5 years

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 6,230	$ 4,913

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Less: Accumulated depreciation	$ (30,679)	$ (24,449)
Property and Equipment- net	33,501	10,731
Office Equipment [Member]
Property and equipment, gross	6,115	4,115
Vehicles/Modular Homes [Member]
Property and equipment, gross	$ 58,065	$ 31,065

Deposits and Costs Coincident_3

Deposits and Costs Coincident to Acquisition of Land for Development (Details Narrative)

May 28, 2018USD ($)

Dec. 08, 2017ashares

Jan. 05, 2017USD ($)

Dec. 15, 2016USD ($)a

Dec. 14, 2016USD ($)

Mar. 18, 2016USD ($)

Feb. 24, 2016USD ($)

Apr. 30, 2017USD ($)shares

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Mar. 14, 2018USD ($)

Mar. 01, 2017USD ($)a

Real Estate [Line Items]

Payments to acquire land

$ 245,274

$ 150,838

Number of restricted stock issued during period, value

5,800

Dream Homes At Radio Road Contract [Member] | Little Egg Harbor Township, New Jersey [Member] | Minimum [Member]

Real Estate [Line Items]

Constructed property retail value

350,000

Dream Homes At Radio Road Contract [Member] | Little Egg Harbor Township, New Jersey [Member] | Maximum [Member]

Real Estate [Line Items]

Constructed property retail value

375,000

Dream Homes At Radio Road Contract [Member] | Little Egg Harbor Township, New Jersey [Member] | 4 Improved Lots [Member]

Real Estate [Line Items]

Constructed property retail value

$ 260,000

Dream Homes At Radio Road Contract [Member] | Little Egg Harbor Township, New Jersey [Member] | Improved Lot One [Member]

Real Estate [Line Items]

Constructed property retail value

65,000

Dream Homes At Radio Road Contract [Member] | Little Egg Harbor Township, New Jersey [Member] | Improved Lot Two [Member]

Real Estate [Line Items]

Constructed property retail value

65,000

Dream Homes At Radio Road Contract [Member] | Little Egg Harbor Township, New Jersey [Member] | Improved Lot Three [Member]

Real Estate [Line Items]

Constructed property retail value

65,000

Dream Homes At Radio Road Contract [Member] | Little Egg Harbor Township, New Jersey [Member] | Improved Lot Four [Member]

Real Estate [Line Items]

Constructed property retail value

$ 65,000

700 KW Property Contract [Member] | Glassboro Township, New Jersey [Member]

Real Estate [Line Items]

Constructed property retail value

$ 900,000

Acquisition, description of acquired entity

The Company signed a contract to purchase a 700 KW property to be developed as a solar farm in Glassboro, NJ. The purchase price is $900,000 and the contract is subject to obtaining funding for the solar array as well as a portion of the purchase price. There is also a PPA (power production agreement) in place with a nursing home adjacent to the property, to purchase the entire electrical output for the next 20 years.

NJ Department of Transportation [Member]

Real Estate [Line Items]

Payable to local authorities

36,750

Dream Homes, Ltd [Member]

Real Estate [Line Items]

Refundable deposit

$ 10,000

Development approval costs

50,000

Infrastructure costs

1,000,000

Aggregate amount funding for home construction

2,090,000

Lacey Contract [Member]

Real Estate [Line Items]

Purchase price

$ 1,000,000

General Development Corp [Member]

Real Estate [Line Items]

Purchase of undeveloped land | a

9

Payments to acquire land

$ 15,000

Number of restricted stock issued during period | shares

100,000

Number of restricted stock issued during period, value

$ 5,000

Payments to acquire management contract rights

$ 10,000

Line of credit available amount

$ 500,000

Dream Homes, Ltd [Member]

Real Estate [Line Items]

Purchase of undeveloped land | a

7.5

7

Payments to acquire land

$ 700,000

$ 2,166,710

Number of restricted stock issued during period | shares

71,429

Refundable deposit

$ 10,000

$ 25,000

Development approval costs

100,000

$ 40,000

Constructed property retail value

2,430,000

700,000

Deposits

$ 25,000

$ 10,000

Restricted shares of common stock committed but not issued as of April 16, 2018 | shares

162,200

Deposits and Costs Coincident_4

Deposits and Costs Coincident to Acquisition of Land for Development - Schedule of Deposits and Costs Coincident to Acquisition of Land for Development (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Total	$ 606,241	$ 360,967
Lacey Township, New Jersey, Marina Contract [Member]
Deposit		25,000
Site engineering, permits, and other costs		49,959
Total		74,959
Lacey Township, New Jersey, Pines Contract [Member]
Deposit
Cost to acquire contract	10,000	10,000
Site engineering, permits, and other costs	111,833	109,265
Total	121,833	119,265
Berkeley Township, New Jersey, Tallwoods contract [Member]
Deposit	10,000	10,000
Site engineering, permits, and other costs	90,146	62,994
Total	100,146	72,994
Clayton, New Jersey - 120 Apartments [Member]
Other deposits	62,662	9,920
71 Sheridan Avenue, Waretown, New Jersey [Member]
Other deposits	44,438	79,150
Louis Avenue, Bayville, New Jersey-17 units [Member]
Other deposits	36,271	2,674
Berkeley Terrace - Bayville, New Jersey 70 units [Member]
Other deposits	20,000
Station Dr - Forked River, New Jersey [Member]
Other deposits	99,032
201 East Ave - Clayton, New Jersey - 77 units [Member]
Other deposits	78,000
Academy St - Clayton, New Jersey - 2 lots [Member]
Other deposits	36,133
Other [Member]
Other deposits	$ 7,726	$ 2,005

Loans Payable to Related Part_3

Loans Payable to Related Parties - Schedule of Loans Payable to Related Parties (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Total	$ 6,790	$ 52,243
Loans Payable to Chief Executive Officer [Member] | Loans Payable [Member]
Total	3,672	9,025
Loans Payable to GPIL [Member] | Loans Payable [Member]
Total	3,118	3,118
Loan Payable to DHL [Member] | Loans Payable [Member]
Total		$ 40,100

Common Stock Issuances (Details

Common Stock Issuances (Details Narrative) - USD ($)	Jun. 06, 2019	May 09, 2019	Feb. 26, 2018	Feb. 09, 2018	Jan. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2011	Nov. 03, 2017	Dec. 31, 2010
Common stock per share	$ 0.10
Stock based compensation						$ 88,194	$ 117,844
Number of restricted common stock shares issued for reduction of note payable	100,000
Secretary [Member]
Number of common shares issued for legal services				25,000
Stock based compensation
Directors [Member]
Number of common shares issued for legal services				25,000
Stock based compensation
Two Individuals [Member]
Common stock per share		$ 0.08
Number of restricted common stock shares issued for consulting services		58,000
Six Individuals [Member]
Common stock per share	$ 0.10
Number of restricted common stock shares issued for stock-based compensation	520,000
Chief Executive Officer [Member]
Common stock per share	$ 0.10
Number of restricted common stock shares issued for debt reduction	1,000,000
Private Placement [Member]
Common stock per share									$ 0.40
DHL [Member]
Number of common shares issued for legal services				40,000
Stock based compensation
Subscription Agreement [Member]
Number of restricted common stock shares issued for cash for subscription agreement					16,000
Number of restricted common stock issued for cash for subscription agreement					$ 11,400
Common stock per share			$ 0.40		$ 0.40
Number of common shares issued for legal services			12,500
Proceeds from issuance of common stock			$ 5,000
Minority Stockholder [Member]
Number of common shares issued for legal services								30,000
Minority interest										$ 10,000
Minority Stockholder [Member] | Private Placement [Member]
Minority interest										$ 500,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 22, 2017
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%	35.00%
Operating loss carryforward			$ 1,621	$ 2,701

Income Taxes - Schedule of Stat

Income Taxes - Schedule of States Federal Income Tax Rate Income Loss Before Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Expected tax at 21%	$ 3,634	$ 4,852
State income taxes, net of federal income tax benefit	1,557	1,094
Non-deductible stock-based compensation	26,458	24,747
Other		(7,547)
Change in valuation allowance/NOL used		(1,621)
Provision for (benefit from) income taxes	$ 31,649	$ 21,525

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Net operating loss carry forward		$ 57,598
Valuation allowance		(57,598)
Net deferred tax asset

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)

May 21, 2018USD ($)shares

Nov. 20, 2017USD ($)

Nov. 03, 2017USD ($)$ / sharesshares

Aug. 20, 2017USD ($)

May 08, 2017

Apr. 28, 2017

Feb. 10, 2017USD ($)shares

Sep. 15, 2016USD ($)

Feb. 28, 2018USD ($)shares

Jan. 31, 2018USD ($)shares

Dec. 31, 2017USD ($)shares

Apr. 30, 2017USD ($)shares

Mar. 31, 2019USD ($)

Dec. 31, 2019USD ($)Integer

Dec. 31, 2018USD ($)

Jun. 06, 2019$ / shares

Jun. 20, 2017

Number of restricted stock issued during period, value

$ 5,800

Line of credit

161,962

Interest expense

8,301

Unit issued price per share | $ / shares

$ 0.10

Sale of stock, shares | shares

68,810

Sale of stock during period, value

$ 16,400

Lumber Vendor [Member]

Sale of stock, shares | shares

12,500

16,000

12,500

Sale of stock during period, value

$ 5,000

$ 6,400

$ 5,000

Number common stock shares issued for reduction of accounts payable | shares

10,138

Vendor [Member]

Number common stock shares issued for reduction of accounts payable | shares

25,340

Private Placement [Member]

Equity and debt offering

$ 5,000,000

Unit issued price per share | $ / shares

$ 0.40

Warrants purchase of common stock shares | shares

1

Warrants exercise price per share | $ / shares

$ 0.60

Offering period

Within 3 years of the date of Unit purchase.

Private Placement [Member] | Convertible Debt [Member]

Debt offered percentage

8.00%

Debt instrument, maturity period

4 years

Debt conversion price per share | $ / shares

$ 0.75

Debt instrument, offering date

Jan. 2, 2018

Debt instrument, extended date

Sep. 2, 2018

May 8 2017 to May 8 2019 [Member] | Sales Manager [Member]

Agreement term interval based

1 year

Employment Agreement [Member] | April 28, 2017 to December 31, 2020 [Member]

Agreement term interval based

1 year

Lease Agreement [Member]

Rent expense

$ 2,200

$ 1,200

15,600

Monthly lease payments

$ 1,000

Lease Agreement [Member] | June 20 2017 to June 20 2022 [Member]

Lease term

5 years

Lease term of renewal

5 years

Investor Relations and Consulting Services Agreement [Member]

Consulting fees expense

$ 0

$ 2,000

Investor Relations and Consulting Services Agreement [Member] | Investor [Member]

Agreement expiration term

Aug. 31, 2017

Number of restricted stock issued during period | shares

56,000

Number of restricted stock issued during period, value

$ 2,800

Fees payment to investor

$ 2,000

General Development Corp [Member]

Number of restricted stock issued during period | shares

100,000

Number of restricted stock issued during period, value

$ 5,000

General Development Corp [Member] | Nonbank Lender [Member]

Line of credit

$ 500,000

Line of credit interest rate

12.00%

Line of credit facility principal due payable terms

Outstanding principal is due and payable in 60 months.

Construction Contracts [Member]

Number of contracts assigned | Integer

22

Construction Contracts [Member] | Dream Building, LLC [Member]

Construction contract price

$ 5,490,929

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2017	Dec. 31, 2019	Dec. 31, 2018
Selling, general and administrative expenses		$ 990,210	$ 1,040,306
Accounts payable and accrued expenses		738,322	317,634
Dream Homes, Ltd [Member]
Selling, general and administrative expenses		496,197	606,703
Chief Executive Officer [Member]
Salary paid		78,000	65,888
Secretary and Senior VP [Member]
Salary paid		57,600	62,000
DHL [Member]
Accounts payable and accrued expenses		3,000	$ 0
Monthly rent	$ 2,000
Increased monthly rent		$ 2,500

Stock Warrants (Details Narrati

Stock Warrants (Details Narrative)	Feb. 09, 2018USD ($)	Jul. 12, 2017USD ($)Integer$ / sharesshares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	May 08, 2017shares	Apr. 28, 2017shares
Stock based compensation | $			$ 88,194	$ 117,844
Secretary [Member]
Stock based compensation | $
Stock Warrant [Member]
Stock warrants issued		750,000
Fair value of warrants | $		$ 407,850
Requisite service period		3 years
Stock Warrant [Member] | Stock Price [Member]
Warrants, measurement input | Integer		0.60
Stock Warrant [Member] | Exercise Price [Member]
Warrants per share | $ / shares		$ 0.30
Stock Warrant [Member] | Dividend Yield [Member]
Warrants, measurement input		0
Stock Warrant [Member] | Risk-Free Interest Rate [Member]
Warrants, measurement input		1.53
Stock Warrant [Member] | Expected Volatility [Member]
Warrants, measurement input		1.71
Stock Warrant [Member] | Expected Term [Member]
Warrants, term		3 years
Stock Warrant [Member] | Through July 20, 2020 [Member]
Warrants per share | $ / shares		$ 0.30
Stock Warrant [Member] | Chief Executive Officer [Member]
Stock warrants issued		500,000
Stock Warrant [Member] | Secretary [Member]
Stock warrants issued		100,000
Stock Warrant [Member] | Two Other Directors [Member]
Stock warrants issued		60,000
Stock Warrant [Member] | Non Executive DHL Project Manager Employee [Member]
Stock warrants issued		50,000
Stock Warrant [Member] | Vice President of Business Development [Member]
Stock warrants issued						20,000
Stock Warrant [Member] | Sales Manager [Member]
Stock warrants issued					20,000
Warrant [Member]
Stock based compensation | $			$ 30,394	$ 117,844

Receivable from Arbitration a_2

Receivable from Arbitration and Settlement of in Process Customer Construction Contract in Dispute and Related Losses Recognized and Recorded by the Company (Details Narrative) - USD ($)	Mar. 06, 2018	Sep. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Aug. 31, 2016
Cumulative gross profit			$ 1,012,045	$ 1,068,324
American Arbitration Association [Member]
Payment from customer for contract dispute	$ 75,000
Recognized loss on write-down of accounts receivable					$ 14,318
Recognized loss on costs and estimated earnings in excess of billings					48,419
Arbitration Award [Member] | American Arbitration Association [Member]
Amount billed to customer					219,565
Contract receivable claims amount	$ 75,000				48,419
Costs and estimated earnings					267,984
Cumulative gross profit					17,658
Negative gross profit					(9,012)
Contract loss					$ 62,732
Construction Contracts [Member]
Contracts receivable						$ 307,000
Amount billed to customer		$ 219,565
Due from customer		89,318
Construction Contracts [Member] | Customer [Member]
Proceeds from contracts		$ 130,247

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	5 Months Ended
	May 22, 2020shares
Subsequent Event [Member] | Employees and Consultants [Member]
Common stock for services, shares	3,997,500