10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2017

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No. 333-174674

DREAM HOMES & DEVELOPMENT CORPORATION

(Exact Name of Registrant As Specified In Its Charter)

Nevada	20-2208821
(State Or Other Jurisdiction Of	(I.R.S. Employer
Incorporation Or Organization)	Identification No.)

314 South Main Street Forked River, New Jersey 08731

(Address of Principal Executive Offices and Zip Code)

Registrant’s Telephone Number, Including Area Code: (609) 693-8881

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Exchange Act:

Common Stock, $.001 par value per share

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act [  ] Yes [X] No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. [  ] Yes [X] No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [  ] Yes [X] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [  ] Yes [X] No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] Yes [  ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer”, “non-accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated filer [  ] Accelerated filer [  ] Non-accelerated filer [  ] Smaller reporting company [X]

(do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [  ] Yes [X] No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. $0

Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date.

Class	Outstanding at April 17, 2018
Common Stock, par value $0.001	24,041,263

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 31, 2017): None

EXPLANATORY NOTE

The sole purpose of this Amendment No. 1 to the Annual Report on Form 10-K for the year ended December 31, 2017 of Dream Homes & Development Corp. (the “Company”) filed with the Securities and Exchange Commission on April 17, 2018 (the “Form 10-K”) is to furnish Exhibits 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T.

No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-K. 

EXHIBIT INDEX 

Exhibits Number	Description
3.1 (1)	Certificate of Incorporation of The Virtual Learning Company, Inc.
3.2 (1)	By-laws of The Virtual Learning Company, Inc.
4.1 (1)	Sample Stock Certificate
10.1 (1)	Intellectual Property Purchase Agreement
10.2 (1)	Consulting Agreement with William Kazmierczach
*31.1	Certification of Principal Executive Officer and Principal Financial Officer, pursuant to SEC Rules 13a-14(a) and 15d-14(a), adopted pursuant Section 302 of the Sarbanes Oxley Act of 2002
*32.1	Certification of Chief Executive Officer and Principal Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

*101.INS	XBRL Instance Document
*101.SCH	XBRL Taxonomy Extension Schema Document
*101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
*101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
*101.LAB	XBRL Taxonomy Extension Label Linkbase Document
*101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

(1) Previously filed.

(*) Filed herewith.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Dream Homes & Development Corporation
Dated: April 18, 2018	By:	/s/ Vincent Simonelli
		Vincent Simonelli, President, Principal Executive and Financial and Accounting Officer

EX-31.1

EXHIBIT 31

CERTIFICATIONS

I, Vincent C. Simonelli, certify that:

1. I have reviewed this annual report of Dream Homes & Development Corporation.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report;

4. The issuer’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as 4efined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent fiscal quarter (the issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting; and

5. The issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer’s auditors and the audit committee of the issuer’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether r not material, that involves management or other employees who have a significant role in the issuer’s internal control over financial reporting.

Date: April 18, 2018

/s/ Vincent C. Simonelli

CEO and CFO

EX-32.1

EXHIBIT 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report of Dream Homes & Development Corporation (the “Company”) on Form 10-K/A for the year ended December 31, 2017 (the “Report”), as filed with the Securities and Exchange Commission on the date hereof, I, Vincent C. Simonelli, CEO and CFO of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Vincent C. Simonelli

CEO and CFO

Dated: April 18, 2018

A signed original of this written statement required by Section 906 has been provided to Dream Homes & Development Corporation and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Apr. 17, 2018	Jun. 30, 2017
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, 2017
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 Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		24,041,263
Trading symbol	DREM
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2017

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Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash	$ 248,056	$ 266,709
Accounts receivable	230,345	115,652
Costs and estimated earnings in excess of billings	74,338	57,706
Total current assets	552,739	440,067
PROPERTY AND EQUIPMENT, net	9,144
OTHER ASSETS
Security deposit	2,200
Deposits and costs coincident to acquisition of land for development	210,129	20,000
Total assets	774,212	460,067
CURRENT LIABILITIES
Accounts payable and accrued expenses	396,278	94,854
Billings in excess of costs and estimated earnings	128,252	283,114
Accrued income taxes	7,166
Loans payable to related parties	14,743	14,743
Total current liabilities	546,439	392,711
STOCKHOLDERS’ EQUITY
Preferred stock; 5,000,000 shares authorized, $.001 par value, as of December 31, 2017 and 2016, there are no shares outstanding
Common stock; 70,000,000 shares authorized, $.001 par value, as of December 31, 2017 and 2016, there are 24,000,953 and 23,733,524 shares outstanding, respectively; and 202,510 and 100,000 shares committed not yet issued at December 31, 2017 and 2016, respectively	24,203	23,833
Additional paid-in capital	1,555,130	1,407,855
Accumulated deficit	(1,351,560)	(1,364,332)
Total stockholders’equity	227,773	67,356
Total liabilities and stockholders’ equity	$ 774,212	$ 460,067

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Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
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	$ 0.001
Common stock, shares outstanding	24,000,953	23,733,524
Common stock, shares subscribed but unissued	202,510	100,000

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Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenue:
Construction contracts	$ 2,939,634	$ 568,291
Educational software and products		21
Total revenue	2,939,634	568,312
Cost of construction contracts	1,969,821	415,028
Gross profit	969,813	153,284
Operating Expenses:
Selling, general and administrative, including stock based compensation of $66,864 and $19,500, respectively	947,219	104,618
Depreciation expense	2,656
Amortization and impairment of capitalized curriculum development costs		51,334
Total operating expenses	949,875	155,952
Income (loss) from operations	19,938	(2,668)
Other expenses (income):
Amortization of debt discounts		4,166
Interest expense		7,500
Consulting fee income		(2,558)
Total other expenses-net		9,108
Net income (loss) before income taxes	19,938	(11,776)
Provision for income taxes	7,166
Net income (loss)	$ 12,772	$ (11,776)
Basic and diluted income (loss) per common share	$ 0.00	$ 0.00
Weighted average common shares outstanding-basic and diluted	23,917,680	18,760,562

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Consolidated Statements of Operations (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Stock based compensation	$ 66,864	$ 19,500

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Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2015	$ 16,304	$ 1,305,513	$ (1,352,556)	$ (30,739)
Balance, shares at Dec. 31, 2015	16,304,300
Issuance of common stock for company officers and directors	$ 120	5,880		6,000
Issuance of common stock for company officers and directors, shares	120,000
DHL employee bonuses	$ 60	2,940		3,000
DHL employee bonuses, shares	60,000
Issuance of common stock for accounting fees	$ 160	7,840		8,000
Issuance of common stock for accounting fees, shares	160,000
Issuance of common stock for convertible noteholders	$ 327	65,044		65,371
Issuance of common stock for convertible noteholders, shares	326,857
Issuance of common stock for satisfaction of loan payable to General Property Investments LLC	$ 2,000	18,000		20,000
Issuance of common stock for satisfaction of loan payable to General Property Investments LLC, shares	2,000,000
Issuance of common stock for Legal fees	$ 250	2,250		2,500
Issuance of common stock for Legal fees, shares	250,000
Issuance of common stock for 4.5% equity in Dream Homes, Ltd	$ 2,225	(2,225)
Issuance of common stock for 4.5% equity in Dream Homes, Ltd, shares	2,225,000
Issuance of common stock to Dream Homes Ltd for rights to complete 6 in process contracts	$ 2,287	(2,287)
Issuance of common stock to Dream Homes Ltd for rights to complete 6 in process contracts, shares	2,287,367
Common stock to be issued for rights to land acquisition contract (committed not issued)	$ 100	4,900		5,000
Common stock to be issued for rights to land acquisition contract (committed not issued), shares	100,000
Net loss for the year			(11,776)	(11,776)
Balance at Dec. 31, 2016	$ 23,833	1,407,855	(1,364,332)	67,356
Balance, shares at Dec. 31, 2016	23,833,524
Issuance of restricted common stock for investor relations and consulting services	$ 56	2,744		2,800
Issuance of restricted common stock for investor relations and consulting services, shares	56,000
Issuance of restricted common stock to Dream Homes Ltd for deposit on land	$ 72	9,928		10,000
Issuance of restricted common stock to Dream Homes Ltd for deposit on land, shares	71,429
Issuance of restricted common stock to Dream Homes Ltd in exchange for vehicles	$ 40	5,960		6,000
Issuance of restricted common stock to Dream Homes Ltd in exchange for vehicles, shares	40,000
Issuance of restricted common stock to Dream Homes Ltd for rights to land acquisition contract (committed not issued)	$ 162	48,495		48,657
Issuance of restricted common stock to Dream Homes Ltd for rights to land acquisition contract (committed not issued), shares	162,200
Issuance of common stock for cash per Subscription Agreement (committed not issued)	$ 13	4,987		5,000
Issuance of common stock for cash per Subscription Agreement (committed not issued), shares	12,500
Issuance of common stock for lumber credit per Subscription Agreement (committed not issued)	$ 27	11,097		11,124
Issuance of common stock for lumber credit per Subscription Agreement (committed not issued), shares	27,810
Expense relating to 750,000 stock warrants issued to Company’s executive team		64,064		64,064
Net loss for the year			12,772	12,772
Balance at Dec. 31, 2017	$ 24,203	$ 1,555,130	$ (1,351,560)	$ 227,773
Balance, shares at Dec. 31, 2017	24,203,463

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Consolidated Statements of Changes in Stockholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2016 Integer	Dec. 31, 2017 shares
Common stock equity percentage	4.50%
Number of contracts | Integer	6
Executive Team [Member]
Stock warrants issued during the period | shares		750,000

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Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES
Net income (loss)	$ 12,772	$ (11,776)
Adjustments to reconcile net income (loss) to net cash provided (used) in operating activities:
Amortization and impairment of capitalized curriculum development costs		51,334
Amortization of debt discounts		4,166
Depreciation expense	2,656
Stock-based compensation	66,864	19,500
Changes in operating assets and liabilities:
Accounts receivable	(114,693)	(115,652)
Costs and estimated earnings in excess of billings	(16,632)	(57,706)
Accounts payable and accrued liabilities	312,548	78,713
Billings in excess of costs and estimated earnings	(154,862)	283,114
Accrued income taxes	7,166
Accrued interest on convertible notes payable		7,500
Net cash provided in operating activities	115,819	259,193
INVESTING ACTIVITIES
Purchase of office equipment and vehicles	(5,800)
Security deposits	(2,200)
Deposits and costs coincident to acquisition of land for development	(131,472)	(15,000)
Net cash (used) in investing activities	(139,472)	(15,000)
FINANCING ACTIVITIES
Proceeds from sale of common stock	5,000
Proceeds from loans payable to related parties		23,218
Repayments of loans payable to related parties		(3,000)
Net cash provided by financing activities	5,000	20,218
NET INCREASE (DECREASE) IN CASH	(18,653)	264,411
CASH BALANCE, BEGINNING OF PERIOD	266,709	2,298
CASH BALANCE, END OF PERIOD	248,056	266,709
Supplemental Disclosures of Cash Flow Information:
Interest paid
Income taxes paid
Non-Cash Investing and Financing Activities:
Issuance of 71,429 restricted shares of common stock to Dream Homes, Ltd. for refundable deposit under contract rights to develop land	10,000
Issuance of common stock to Dream Homes, Ltd. for vehicles	6,000
Issuance of 2,000,000 restricted shares of common stock in satisfaction of loans payable to General Property Investments LLC		20,000
Issuance of 326,857 restricted shares of common stock for satisfaction of convertible notes payable and accrued interest		65,371
Common stock committed to be issued for rights to property acquisition contract	48,657	5,000
Common stock committed to be issued for lumber credit per Subscription Agreement	$ 11,124

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Consolidated Statements of Cash Flows (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Cash Flows [Abstract]
Issuance of restricted shares of common stock to Dream Homes, Ltd. for refundable deposit under contract rights to develop land	71,429
Issuance of restricted shares of common stock in satisfaction of loans payable to General Property Investments LLC		2,000,000
Issuance of restricted shares of common stock for satisfaction of convertible notes payable and accrued interest		326,857

XML

Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

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 August 19, 2016, Virtual Learning acquired 4.5% of Dream Homes, Ltd. (“DHL”), 100% of Dream Building, LLC (“DBL”) , a wholly owned subsidiary of DHL, and use of all construction licensing and registrations held by Atlantic Northeast Construction LLC (“ANCL”), a wholly owned subsidiary of DHL, in exchange for the issuance of 2,225,000 shares of Virtual Learning common stock to DHL at an agreed price of $.05 per common share.

The majority stockholder and chief executive officer of DHL was also the controlling stockholder and chief executive officer of Virtual Learning. As Virtual Learning and DHL were entities under common control, the acquired assets were reflected by Virtual Learning at DHL’s $0 carrying amount on the date of transfer pursuant to Accounting Standards Codification (“ASC”) 805-50-30-5.

From August 19, 2016 to August 23, 2016, Virtual Learning acquired the rights to complete 6 in process construction contracts of ANCL in exchange for the issuance of 2,287,367 shares of Virtual Learning common stock to DHL at an agreed price of $.05 per common share for those ANCL contracts. As Virtual Learning and DHL were entities under common control, the acquired rights were reflected at DHL’s $0 carrying amount on the date of transfer pursuant to ASC 805-50-30-5.

Due to the Company’s change in focus to its construction business, the Company wrote off the remaining unamortized capitalized curriculum development costs of $20,534 at December 31, 2016.

On March 14, 2017, Virtual Learning changed its name to Dream Homes & Development Corporation (“DHDC”). DHDC maintains a web site at www.dreamhomesltd.com as well as a blog, located at 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.

Construction Contracts

Revenue recognition:

The Company recognizes construction contract revenue 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:

● 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.

● 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.

Costs and estimated earnings in excess of billings 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 are currently evaluating the impact of this ASU on our financial position, results of operations and cash flows.

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.

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Property and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

2 - Property and Equipment

Property and equipment is summarized as follows:

	December 31,			December 31,
	2017			2016
Office equipment	$	4,115		$	4,115
Vehicles		24,565			-
Less: Accumulated depreciation		(19,536	)		(4,115	)
Property and Equipment- net	$	9,144		$	-

Depreciation expense for the years ended December 31, 2017 and 2016 was $ 2,656 and $-0-, respectively.

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Other Assets

12 Months Ended

Dec. 31, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

3-Other Assets

Capitalized Curriculum Development Costs

Capitalized curriculum development costs is summarized as follows:

	December 31, 2017			December 31, 2016
Common stock issued to individuals for services relating to curriculum development	$	110,000		$	110,000
Contributed services of Thomas Monahan, President of Virtual Learning, relating to curriculum development		44,000			44,000
Total costs		154,000			154,000
Less accumulated amortization and impairment		(154,000	)		(154,000	)
Net	$	-		$	-

For the years ended December 31, 2017 and 2016, amortization and 2016 impairment of $20,534 of Capitalized Curriculum Development Costs were $ 0 and $51,334, respectively.

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Deposits and Costs Coincident to Acquisition of Land for Development

12 Months Ended

Dec. 31, 2017

Deposits And Costs Coincident To Acquisition Of Land For Development

Deposits and Costs Coincident to Acquisition of Land for Development

4-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, 2017		December 31, 2016
Lacey Township, New Jersey, Marina contract:
Deposit		25,000		-
Site engineering, permits and other costs:		23,657		-
Total Marina Contract		48,657		-
Lacey Township, New Jersey, Pines contract:
Deposit		10,000		10,000
Cost to acquire contract		10,000		10,000
Site engineering, permits, and other costs		111,215		-
Total Pines contract		131,215		20,000
Berkeley Township, New Jersey, Tallwoods contract:
Deposit		10,000		-
Site engineering, permits, and other costs		20,257		-
Total Tallwoods contract		30,257		-
Total	$	210,129	$	20,000

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 $50,000 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.

At this time, the contract is in good standing and there is no risk of cancellation. As per the contract, the Company is required to close on this property no later than March 18, 2019, which date is inclusive of the 24-month development period, and 2 additional 6-month extensions.

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 permit is expected to be issued in June or July of 2018. 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 as of December 31, 2017.

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. The property when completely constructed has a retail value of $21 million and is expected to begin site improvements in late 2018 or early 2019.

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.

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Loans Payable to Related Parties

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Loans Payable to Related Parties

5-Loans Payable to Related Parties

Loans payable to related parties is summarized as follows:

	December 31,		December 31,
	2017		2016
Loans payable to chief executive officer	$	11,525	$	11,525
Loans payable to GPIL (see Note 6)		3,118		3,118
Loan payable to DHL		100		100
Total	$	14,743	$	14,743

All the loans above are non-interest bearing and due on demand.

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Common Stock Issuances

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Common Stock Issuances

6 - Common Stock Issuances

On August 18, 2016, Virtual Learning issued 2,000,000 restricted shares of common stock to GPIL in satisfaction of $20,000 loans payable (see Note 5).

On August 19, 2016 (see Note 1), Virtual Learning issued 2,225,000 restricted shares of common stock to Dream Homes Ltd. for a 4.5% equity interest in Dream Homes Ltd. and certain other assets, at an agreed price of $.05 per share.

From August 19, 2016 to August 23, 2016 (see Note 1), Virtual Learning issued a total of 2,287,367 restricted shares of common stock to Dream Homes Ltd. for rights to complete 6 in process construction contracts of Atlantic Northeast Construction LLC, a wholly owned subsidiary of Dream Homes Ltd. at an agreed price of $.05 per share.

On August 19, 2016, Virtual Learning issued 250,000 restricted shares of common stock to Mr. Roger Fidler for legal services. The 250,000 shares were valued at $2,500 (or $.01 per share), which amount was expensed in the three months ended September 30, 2016.

On October 13, 2016, DHL assigned 100,000 restricted shares of Company common stock it held to a minority shareholder of DHL. This minority shareholder of DHL had contributed $100,000 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 275,000 restricted shares from DHL in 2011 for consulting services. Accordingly, the Company has not deemed it appropriate to measure stock-based compensation relating to the 100,000 shares assigned by DHL to its minority stockholder.

On October 21, 2016, Virtual Learning issued 160,000 restricted shares of common stock to an individual for accounting services. The 160,000 restricted shares were valued at $8,000 (or $.05 per share), which amount was expensed in the three months ended December 31, 2016.

On December 29, 2016, Virtual Learning issued a total of 326,857 restricted shares of common stock to convertible noteholders for their notes and accrued interest totaling $65,371.

On December 29, 2016, Virtual Learning issued a total of 180,000 restricted shares of common stock (50,000 shares to the Company’s chief executive officer, 50,000 shares to the Company’s secretary, 10,000 shares each to our two outside directors, and a total of 60,000 shares to four other individuals, principally DHL employees, for services rendered. The 180,000 shares were valued at $9,000 (Company officers and outside directors- $6,000, DHL employees-$3,000) (or $.05 per share), which amount was expensed in the three months ended December 31, 2016.

On February 22, 2017, DHDC issued 56,000 restricted shares of common stock to Green Chip Investor Relations pursuant to an Investor Relations and Consulting Services Agreement (see Note 9). The 56,000 restricted shares were valued at $2,800 ( or $.05 per share), which amount was expensed in the three months ended March 31, 2017.

On March 1, 2017, DHDC committed to issue 71,429 restricted shares of common stock (issued April 24, 2017) to DHL valued at $10,000, representing the amount of the refundable deposit on land made by DHL to the Seller in January 2017 for the Berkeley Township New Jersey contract (see Note 4).

On March 14, 2017, DHL assigned 275,000 restricted shares of Company common stock it held to the same minority stockholder of DHL that it assigned 100,000 shares of Company common stock on October 13, 2016 (see sixth preceding paragraph).

On April 26, 2017, DHDC issued 100,000 shares of restricted stock to General Development Corp. as payment of an assignment fee related to the 58 unit townhouse development in Lacey Township, NJ (see Note 4).

On July 12, 2017, DHDC issued 40,000 restricted shares of DHDC’s common stock to Dream Homes, Ltd. (“DHL”) in exchange for vehicles owned by DHL. The transaction reflected $6,000 net carrying value of the assets on DHL’s books at July 12, 2017.

On September 21, 2017, DHL assigned 25,000 restricted shares of Company common stock it held to the Secretary of both DHDC and DHL for services rendered to DHL. Accordingly, no stock-based compensation was recognized by DHDC.

On December 8, 2017, DHDC committed to issue 162,200 restricted shares of common stock to DHL valued at $48,658 (DHL’s historical cost of the assets being assigned), for the assignment of a contract to purchase property from DHL for the Lacey Township New Jersey contract (see Note 4).

On December 11, 2017, DHL assigned 100,000 restricted shares of Company common stock it held to the Company Securities Counsel of both DHDC and DHL in settlement of certain DHL accounts payable due him. Accordingly, no stock-based compensation was recognized by DHDC.

On December 27, 2017, DHDC committed to issue 12,500 restricted shares of DHDC’s common stock for cash proceeds of $ 5,000 at $.40 per share per the Subscription Agreement.

On December 29, 2017, DHDC committed to issue 27,810 restricted shares of DHDC’s common stock for settlement of $ 11,124 accounts payable at $.40 per share.

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Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

7 – Income Taxes

The provisions for (benefit from) income taxes differ from the amounts computed by applying the statutory United States Federal income tax rate of 35% to income (loss) before income taxes.

The sources of the differences follow:

	Year ended December 31, 2017			Year ended December 31, 2016
Expected tax at 35%	$	6,978		$	(4,121	)
State income taxes, net of Federal benefit		1,851			-
Non-deductible stock-based compensation		23,402			6,825
Non-deductible amortization of debt discounts		-			1,458
Non-deductible amortization and 2016 impairment of stock-based and contributed Capitalized Curriculum Development Costs		-			17,967
Provision for Federal income taxes at lower tax rate on taxable income under $50,000		(5,750	)		-
Change in valuation allowance		(19,315	)		(22,129	)
Provision for (benefit from) income taxes	$	7,166		$	-

The significant components of DHDC’s deferred tax asset as of December 31, 2017 and December 31, 2016 are as follows:

	December 31, 2017		December 31, 2016
Deferred tax assets:
Net operating loss carry forward	$	-	$	19,315
Valuation allowance		-		(19,315	)
Net deferred tax asset	$	-	$	-

Current United States income tax law limits the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. Since the Company as currently constituted did experience a change in ownership and control during the year ended December 31, 2016, usage of net operating loss carryforwards of $ 118,389 available as of December 31, 2015 may be limited in years ending after December 31, 2016.

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Business Segments

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Business Segments

8- Business Segments

The Company currently has one business segment which is residential construction, which is further divided into elevation/renovation, demolition and new home construction and new single and multi-family home developments. The residential construction segment is operated through DHDC’s wholly owned subsidiary Dream Building, LLC (since August 19, 2016).

The educational software and products segment was operated through Virtual Learning and has been discontinued as of December 31, 2016.

Summarized financial information by business segment for the years ended December 31, 2017 and 2016 follows:

	Year ended December 31,
	2017			2016
Revenue:
Residential construction	$	2,939,634		$	568,291
Educational software and products		-			21
Total	$	2,939,634		$	568,312
Income (loss) from operations:
Residential construction	$	287,096		$	153,263
Educational software and products		-			(51,333	)
Corporate-		(267,158	)		(104,618	)
Total	$	19,938		$	(2,668	)

Identifiable assets:

	December 31,
	2017		2016
Residential construction	$	748,313	$	423,966
Corporate		25,899		36,101
Total	$	774,212	$	460,067

All revenue relating to the residential construction segment was derived from construction

contracts involving homeowner customers located in the State of New Jersey. These contracts involve specialized construction related to compromised home foundations and related issues caused by damage from Super Storm Sandy, as well as new home construction.

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Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

9- Commitments and Contingencies

Construction Contracts

As of December 31, 2017, Dream Building, LLC is committed under 14 construction contracts outstanding with home owners with contract prices totaling $2,008,667, 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 its newly appointed Vice President of Business Development. The term of the agreement is from April 28, 2017 to December 31, 2020 and is renewable thereafter at 1 year intervals based on certain sales targets. The agreement provides for compensation based on sales.

On May 8, 2017, DHDC executed an Employment Agreement with its newly appointed Sales Manager. The term of the agreement is from May 8, 2017 to May 8, 2019 and is renewable thereafter at 1 year intervals based on certain sales targets. The agreement provides for compensation based on sales.

For the year ended December 31, 2017, sales commissions expense pursuant to these two employment agreements were $60,367.

Lease Agreement

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 year ended December 31, 2017, rent expense under this lease agreement was $11,000.

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 year ended December 31, 2017, consulting fees expense under this agreement was $12,150.

Line of Credit

On September 15, 2016, DHDC established a $50,000 line of credit with General Development Corp., a non-bank lender. Advances under the line bear interest at a rate of 12% payable monthly and 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 not received any advances under the line of credit.

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 June 2, 2018.

As of April 18, 2018, the Company has sold a total of 52,810 units and received $10,000 in cash ($5,000 before December 31, 2017 for 12,500 units and $5,000 after December 31, 2017 for 12,500 units) and was granted a reduction in accounts payable from a lumber vendor of 11,124 for 27,810 units issuable to the vendor as of December 31, 2017.

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Related Party Transactions

12 Months Ended

Dec. 31, 2017

Related Party Transactions [Abstract]

Related Party Transactions

10. Related Party Transactions

Dream Homes Ltd. Allocated payroll

The Company uses the services of Dream Homes Ltd. (DHL) personnel for its operations. For the year ended December 31, 2017, selling, general and administrative expenses include $607,305 incurred for the Company’s estimated share of DHL’s gross payroll and payroll taxes for that period (which includes $54,000 salary paid to the Company’s Chief Executive Officer and $66,000 salary paid to the Company’s Secretary and VP of Human Resources). At December 31, 2017, accounts payable and accrued expenses include $130,152 due to 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 has paid DHL monthly rent of $2,000 ($18,000 total for the nine months ended December 31, 2017) for this office space.

The Company occupied under a lease entered into by DHL satellite office space at 2818 Bridge Avenue in Point Pleasant, New Jersey since August 2016 with a monthly rent of $800 commencing April 2017 and ending September 2017 ($4,000 total for the five months ended September 30, 2017).

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Stock Warrants

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Stock Warrants

11- 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 period July 12, 2017 through December 31, 2017, stock-based compensation attributable to the warrants was $ 64,064 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 described in Note 8. Also included within the 750,000 warrants described in the preceding paragraph are 20,000 warrants issued to the Company’s Sales Manager that are not covered by the Employment Agreement dated May 8, 2017 described in Note 8.

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Subsequent Events

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

12- Subsequent Events

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 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.

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Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2017

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

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 August 19, 2016, Virtual Learning acquired 4.5% of Dream Homes, Ltd. (“DHL”), 100% of Dream Building, LLC (“DBL”) , a wholly owned subsidiary of DHL, and use of all construction licensing and registrations held by Atlantic Northeast Construction LLC (“ANCL”), a wholly owned subsidiary of DHL, in exchange for the issuance of 2,225,000 shares of Virtual Learning common stock to DHL at an agreed price of $.05 per common share.

The majority stockholder and chief executive officer of DHL was also the controlling stockholder and chief executive officer of Virtual Learning. As Virtual Learning and DHL were entities under common control, the acquired assets were reflected by Virtual Learning at DHL’s $0 carrying amount on the date of transfer pursuant to Accounting Standards Codification (“ASC”) 805-50-30-5.

From August 19, 2016 to August 23, 2016, Virtual Learning acquired the rights to complete 6 in process construction contracts of ANCL in exchange for the issuance of 2,287,367 shares of Virtual Learning common stock to DHL at an agreed price of $.05 per common share for those ANCL contracts. As Virtual Learning and DHL were entities under common control, the acquired rights were reflected at DHL’s $0 carrying amount on the date of transfer pursuant to ASC 805-50-30-5.

Due to the Company’s change in focus to its construction business, the Company wrote off the remaining unamortized capitalized curriculum development costs of $20,534 at December 31, 2016.

On March 14, 2017, Virtual Learning changed its name to Dream Homes & Development Corporation (“DHDC”). DHDC maintains a web site at www.dreamhomesltd.com as well as a blog, located at 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.

Construction Contracts

Construction Contracts

Revenue recognition:

The Company recognizes construction contract revenue 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:

● 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.

● 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.

Costs and estimated earnings in excess of billings 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 are currently evaluating the impact of this ASU on our financial position, results of operations and cash flows.

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.

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Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment

Property and equipment is summarized as follows:

	December 31,			December 31,
	2017			2016
Office equipment	$	4,115		$	4,115
Vehicles		24,565			-
Less: Accumulated depreciation		(19,536	)		(4,115	)
Property and Equipment- net	$	9,144		$	-

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Other Assets (Tables)

12 Months Ended

Dec. 31, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Capitalized Curriculum Development Costs

Capitalized curriculum development costs is summarized as follows:

	December 31, 2017			December 31, 2016
Common stock issued to individuals for services relating to curriculum development	$	110,000		$	110,000
Contributed services of Thomas Monahan, President of Virtual Learning, relating to curriculum development		44,000			44,000
Total costs		154,000			154,000
Less accumulated amortization and impairment		(154,000	)		(154,000	)
Net	$	-		$	-

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

12 Months Ended

Dec. 31, 2017

Deposits And Costs Coincident To Acquisition Of Land For Development

Summary 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, 2017		December 31, 2016
Lacey Township, New Jersey, Marina contract:
Deposit		25,000		-
Site engineering, permits and other costs:		23,657		-
Total Marina Contract		48,657		-
Lacey Township, New Jersey, Pines contract:
Deposit		10,000		10,000
Cost to acquire contract		10,000		10,000
Site engineering, permits, and other costs		111,215		-
Total Pines contract		131,215		20,000
Berkeley Township, New Jersey, Tallwoods contract:
Deposit		10,000		-
Site engineering, permits, and other costs		20,257		-
Total Tallwoods contract		30,257		-
Total	$	210,129	$	20,000

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Loans Payable to Related Parties (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Loans Payable to Related Parties

Loans payable to related parties is summarized as follows:

	December 31,		December 31,
	2017		2016
Loans payable to chief executive officer	$	11,525	$	11,525
Loans payable to GPIL (see Note 6)		3,118		3,118
Loan payable to DHL		100		100
Total	$	14,743	$	14,743

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of States Federal Income Tax Rate Income Loss Before Income Taxes

The sources of the differences follow:

	Year ended December 31, 2017			Year ended December 31, 2016
Expected tax at 35%	$	6,978		$	(4,121	)
State income taxes, net of Federal benefit		1,851			-
Non-deductible stock-based compensation		23,402			6,825
Non-deductible amortization of debt discounts		-			1,458
Non-deductible amortization and 2016 impairment of stock-based and contributed Capitalized Curriculum Development Costs		-			17,967
Provision for Federal income taxes at lower tax rate on taxable income under $50,000		(5,750	)		-
Change in valuation allowance		(19,315	)		(22,129	)
Provision for (benefit from) income taxes	$	7,166		$	-

Schedule of Deferred Tax Assets

The significant components of DHDC’s deferred tax asset as of December 31, 2017 and December 31, 2016 are as follows:

	December 31, 2017		December 31, 2016
Deferred tax assets:
Net operating loss carry forward	$	-	$	19,315
Valuation allowance		-		(19,315	)
Net deferred tax asset	$	-	$	-

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Business Segments (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Summary of Financial Information by Business Segment

Summarized financial information by business segment for the years ended December 31, 2017 and 2016 follows:

	Year ended December 31,
	2017			2016
Revenue:
Residential construction	$	2,939,634		$	568,291
Educational software and products		-			21
Total	$	2,939,634		$	568,312
Income (loss) from operations:
Residential construction	$	287,096		$	153,263
Educational software and products		-			(51,333	)
Corporate-		(267,158	)		(104,618	)
Total	$	19,938		$	(2,668	)

Schedule of Identifiable Assets

Identifiable assets:

	December 31,
	2017		2016
Residential construction	$	748,313	$	423,966
Corporate		25,899		36,101
Total	$	774,212	$	460,067

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Significant Accounting Policies (Details Narrative) - USD ($)			12 Months Ended
	Aug. 23, 2016	Aug. 19, 2016	Dec. 31, 2017	Dec. 31, 2016
Capital stock authorized			75,000,000
Common stock, shares authorized			70,000,000	70,000,000
Common stock, par value			$ 0.001	$ 0.001
Preferred stock, shares authorized			5,000,000	5,000,000
Preferred stock, par value			$ 0.001	$ 0.001
Property and equipment, estimated useful life			5 years
Unamortized capitalized curriculum development costs wrote off				$ 20,534
Dream Homes,Ltd [Member]
Business acquisitions voting rights, percent		4.50%
Number of common stock issued to acquire business		2,225,000
Common stock agreed price per share		$ 0.05
Business acquisitions consideration transferred		$ 0
Dream Building, LLC [Member]
Business acquisitions voting rights, percent		100.00%
ANCL [Member]
Number of common stock issued to acquire business	2,287,367
Common stock agreed price per share	$ 0.05
Business acquisitions consideration transferred	$ 0

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Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,656

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Property and Equipment - Summary of Property and Equipment (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Less: Accumulated depreciation	$ (19,536)	$ (4,115)
Property and Equipment- net	9,144
Office Equipment [Member]
Property and equipment	4,115	4,115
Vehicles [Member]
Property and equipment	$ 24,565

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Other Assets (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of capitalized curriculum development costs		$ 20,534
Impairment of capitalized curriculum development costs		20,534
Amortization and impairment of capitalized curriculum development costs		$ 51,334

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Other Assets - Schedule of Capitalized Curriculum Development Costs (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Total costs	$ 154,000	$ 154,000
Less accumulated amortization and impairment	(154,000)	(154,000)
Net
Common Stock Issued to Individuals for Services Relating to Curriculum Development [Member]
Total costs	110,000	110,000
Contributed Services of Thomas Monahan, President of Virtual Learning, Relating to Curriculum Development [Member]
Total costs	$ 44,000	$ 44,000

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Deposits and Costs Coincident to Acquisition of Land for Development (Details Narrative)												1 Months Ended	12 Months Ended
	Dec. 11, 2017 shares	Dec. 08, 2017 USD ($) a shares	Sep. 21, 2017 shares	Apr. 26, 2017 shares	Apr. 24, 2017 USD ($) shares	Mar. 04, 2017 USD ($)	Jan. 05, 2017 USD ($)	Dec. 15, 2016 USD ($) a	Dec. 15, 2016 USD ($) a	May 01, 2016 USD ($)	Mar. 18, 2016 USD ($)	Apr. 30, 2017 USD ($) shares	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Mar. 01, 2017 a
Payments to acquire land						$ 700,000				$ 2,430,000			$ (5,800)
Restricted stock, value													2,800
Purchase price							$ 700,000
Refundable deposit							$ 10,000
Development Costs													50,000
Approval costs, acquisition costs and infrastructure costs													1,000,000
Aggregate amount funding for home construction													2,090,000
Deposits						10,000				25,000
Total engineering and approval costs						$ 40,000				$ 100,000
Tallwoods Contract [Member]
Purchase of undeveloped land | a															7
Number of restricted common stock shares issued during the period | shares					71,429
Restricted stock, value					$ 10,000
NJ Department of Transportation [Member]
Payable to local authorities													36,750
Dream Homes,Ltd [Member]
Number of restricted common stock shares issued during the period | shares	100,000	162,200	25,000
Restricted stock, value		$ 48,658
Refundable deposit											$ 10,000
Lacey Contract [Member]
Purchase price											$ 1,000,000
General Development Corp [Member]
Purchase of undeveloped land | a								9	9
Payments to acquire land									$ 15,000
Number of restricted common stock shares issued during the period | shares				100,000								100,000
Restricted stock, value												$ 5,000
Payments to acquire management contract rights									$ 10,000
Line of credit outstanding amount								$ 50,000
Dream Homes,Ltd [Member]
Purchase of undeveloped land | a		7.5
Payments to acquire land		$ 2,166,710
Refundable deposit		$ 25,000
Restricted shares of common stock committed but not issued as of April 16, 2018 | shares		162,200
Dream Homes,Ltd [Member] | 2018 [Member]
Payments to acquire land													$ 21,000,000

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Deposits and Costs Coincident to Acquisition of Land for Development - Summary of Deposits and Costs Coincident to Acquisition of Land for Development (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Total	$ 210,129	$ 20,000
Lacey Township, New Jersey, Marina contract [Member]
Deposit	25,000
Site engineering, permits, and other costs	23,657
Total	48,657
Lacey Township, New Jersey, Pines contract [Member]
Deposit	10,000	10,000
Cost to acquire contract	10,000	10,000
Site engineering, permits, and other costs	111,215
Total	131,215	20,000
Berkeley Township, New Jersey, Tallwoods contract [Member]
Deposit	10,000
Site engineering, permits, and other costs	20,257
Total	$ 30,257

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Loans Payable to Related Parties - Schedule of Loans Payable to Related Parties (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Total	$ 14,743	$ 14,743
Loan Payable to Chief Executive Officer [Member]
Total	11,525	11,525
Loan Payable to GPIL [Member]
Total	3,118	3,118
Loan Payable to DHL [Member]
Total	$ 100	$ 100

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Common Stock Issuances (Details Narrative) - USD ($)																	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 29, 2017	Dec. 27, 2017	Dec. 11, 2017	Dec. 08, 2017	Sep. 21, 2017	Jul. 12, 2017	Apr. 26, 2017	Apr. 24, 2017	Mar. 14, 2017	Feb. 22, 2017	Dec. 29, 2016	Oct. 21, 2016	Oct. 13, 2016	Aug. 23, 2016	Aug. 19, 2016	Aug. 18, 2016	Apr. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Stock issued during the period restricted stock value																				$ 2,800
Common stock shares values issued																					$ 6,000
Stock based compensation shares													100,000
Tallwoods Contract [Member]
Number of restricted common stock shares issued during the period								71,429
Stock issued during the period restricted stock value								$ 10,000
Green Chip Investor Relations [Member] | Consulting Services Agreement [Member]
Number of restricted common stock shares issued during the period										56,000								56,000
Stock issued during the period restricted stock value																		$ 2,800
Common stock per share																		$ 0.05
Dream Homes,Ltd [Member]
Number of restricted common stock shares issued during the period			100,000	162,200	25,000
Percent of equity interest															4.50%
Agreed price per share															$ 0.05
Stock issued during the period restricted stock value				$ 48,658
Common stock per share	$ 0.40	$ 0.40
Number of restricted common stock shares issued to exchange for vehicles						40,000
Number of restricted common stock issued to exchange for vehicles						$ 6,000
Number of restricted common stock shares issued for cash for subscription agreement		12,500
Number of restricted common stock issued for cash for subscription agreement		$ 5,000
Number of restricted common stock shares issued for settlement of accounts payable	27,810
Number of restricted common stock issued for settlement of accounts payable	$ 11,124
Private Placement [Member]
Issuance of common stock													$ 500,000
Mr. Roger Fidler [Member]
Number of restricted common stock shares issued during the period															250,000
Agreed price per share															$ 0.01
Stock issued during the period restricted stock value															$ 2,500
Individual [Member]
Number of restricted common stock shares issued during the period												160,000							160,000
Stock issued during the period restricted stock value																			$ 8,000
Common stock per share																			$ 0.05		$ 0.05
Convertible NoteHolders [Member]
Number of restricted common stock shares issued to convertible noteholders for notes and accrued interest											326,857
Number of restricted common stock issued to convertible noteholders for notes and accrued interest											$ 65,371
Parent Company [Member]
Number of restricted common stock shares issued during the period														2,287,367	2,225,000
Percent of equity interest															4.50%
Agreed price per share														$ 0.05	$ 0.05
GPIL [Member]
Number of restricted common stock shares issued for satisfaction of loans payable																2,000,000
Number of restricted common stock issued for satisfaction of loans payable																$ 20,000
DHL [Member]
Number of restricted common stock shares issued during the period									275,000
DHL [Member] | Minority Stockholder [Member]
Number of restricted common stock shares issued during the period									100,000
General Development Corp [Member]
Number of restricted common stock shares issued during the period							100,000										100,000
Stock issued during the period restricted stock value																	$ 5,000
Restricted Shares [Member]
Common stock shares values issued																			$ 9,000
Common stock per share																			$ 0.05		$ 0.05
Issuance of common stock, shares													100,000
Issuance of common stock													$ 100,000
Number of common shares issued for legal services											180,000		275,000
Restricted Shares [Member] | Chief Executive Officer [Member]
Number of common shares issued for legal services											50,000
Restricted Shares [Member] | Secretary [Member]
Number of common shares issued for legal services											50,000
Restricted Shares [Member] | Outside Directors Two [Member]
Number of common shares issued for legal services											10,000
Restricted Shares [Member] | Outside Directors One [Member]
Number of common shares issued for legal services											10,000
Restricted Shares [Member] | Four Other Individuals [Member]
Number of common shares issued for legal services											60,000
Restricted Shares [Member] | Company Officers and Outside Directors [Member]
Common stock shares values issued																			$ 6,000
Restricted Shares [Member] | DHL Employees [Member]
Common stock shares values issued																			$ 3,000

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Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal income tax rate	35.00%
Operating loss carryforwards		$ 118,389

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Income Taxes - Schedule of States Federal Income Tax Rate Income Loss Before Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Expected tax at 35%	$ 6,978	$ (4,121)
State income taxes, net of Federal benefit	1,851
Non-deductible stock-based compensation	23,402	6,825
Non-deductible amortization of debt discounts		1,458
Non-deductible amortization and 2016 impairment of stock-based and contributed Capitalized Curriculum Development Costs		17,967
Provision for Federal income taxes at lower tax rate on taxable income under $50,000	(5,750)
Change in valuation allowance	(19,315)	(22,129)
Provision for (benefit from) income taxes	$ 7,166

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Income Taxes - Schedule of States Federal Income Tax Rate Income Loss Before Income Taxes (Details) (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Percentage of expected tax	35.00%	35.00%
Provision for federal income taxes at lower tax rate on taxable income	$ 50,000

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Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carry forward		$ 19,315
Valuation allowance		(19,315)
Net deferred tax asset

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Business Segments (Details Narrative)	12 Months Ended
	Dec. 31, 2017 Integer
Business Combinations [Abstract]
Number of business segments	1

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Business Segments - Summary of Financial Information by Business Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenue	$ 2,939,634	$ 568,312
Income (loss) from operations	19,938	(2,668)
Residential Construction [Member]
Revenue	2,939,634	568,291
Income (loss) from operations	287,096	153,263
Educational Software and Products [Member]
Revenue		21
Income (loss) from operations		(51,333)
Corporate [Member]
Income (loss) from operations	$ (267,158)	$ (104,618)

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Business Segments - Schedule of Identifiable Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Identifiable assets total	$ 774,212	$ 460,067
Residential Construction [Member]
Identifiable assets total	748,313	423,966
Corporate [Member]
Identifiable assets total	$ 25,899	$ 36,101

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Commitments and Contingencies (Details Narrative)							12 Months Ended
	Nov. 03, 2017 USD ($) $ / shares shares	Jun. 20, 2017 USD ($)	May 08, 2017	Apr. 28, 2017	Feb. 10, 2017 USD ($) shares	Sep. 15, 2016 USD ($)	Dec. 31, 2017 USD ($) Integer shares	Dec. 31, 2016 Integer
Number of contracts assigned | Integer								6
Stock issued during the period restricted stock value							$ 2,800
Lumber Vendor [Member]
Number common stock shares issued for reduction of accounts payable | shares							11,124
Vendor [Member]
Number common stock shares issued for reduction of accounts payable | shares							27,810
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 term	1 year
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 instrument, offering date	Jan. 02, 2018
Debt instrument, extended date	Jun. 02, 2018
Debt conversion price per share | $ / shares	$ .75
Nonbank Lender [Member]
Line of credit						$ 50,000
Line of credit interest rate						12.00%
Line of credit facility principal due payable terms						outstanding principal is due and payable in 60 months.
Two Employee Agreements [Member]
Sales commission							$ 60,367
Lease Agreement [Member]
Rent expense							11,000
Investor Relations and Consulting Services Agreement [Member]
Fees payment to investor							$ 12,150
Investor Relations and Consulting Services Agreement [Member] | Investor [Member]
Agreement expiration term					Aug. 31, 2017
Number of restricted common stock shares issued during the period | shares					56,000
Stock issued during the period restricted stock value					$ 2,800
Fees payment to investor					$ 2,000
June 20 2017 to June 20 2022 | Lease Agreement [Member]
Agreement term interval based		5 years
Lease Term of renewal		5 years
Lease term		2 years
August 20 2017 | Lease Agreement [Member]
Rent expense		$ 1,200
November 20 2017 | Lease Agreement [Member]
Rent expense		$ 2,200
April 18, 2018 [Member]
Sale of stock, shares | shares							52,810
Sale of stock							$ 10,000
Before December 31, 2017
Sale of stock, shares | shares							12,500
Sale of stock							$ 5,000
After December 31, 2017
Sale of stock, shares | shares							12,500
Sale of stock							$ 5,000
Vice President of Business Development [Member] | April 28 2017 to December 31 2020
Agreement term interval based				1 year
Sales Manager [Member] | May 8 2017 to May 8 2019
Agreement term interval based			1 year
Construction Contracts [Member]
Number of contracts assigned | Integer							14
Construction Contracts [Member] | Dream Building, LLC [Member]
Construction contract price							$ 2,008,667

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Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended	5 Months Ended	9 Months Ended	12 Months Ended
	Aug. 31, 2016	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Accounts payable and accrued expenses			$ 396,278	$ 396,278	$ 94,854
Office Space One [Member] | April 2017 [Member]
Monthly rent			18,000	2,000
Office Space Two [Member]
Monthly rent		$ 4,000
Office Space Two [Member] | Commencing April 2017 and Ending September 2017 [Member]
Monthly rent	$ 800
Chief Executive Officer [Member]
Salary paid				54,000
Secretary [Member]
Salary paid				66,000
Dream Building LLC [Member]
Allocated payroll expenses including selling, general and administrative expenses			607,305	607,305
DHL [Member]
Accounts payable and accrued expenses			$ 130,152	$ 130,152

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Stock Warrants (Details Narrative) - USD ($)		6 Months Ended	12 Months Ended
	Jul. 12, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	May 08, 2017	Apr. 28, 2017
Stock based compensation			$ 66,864	$ 19,500
Stock Warrant [Member]
Stock warrants issued					750,000	750,000
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		$ 64,064
DHDC [Member]
Stock warrants issued	750,000
Fair value assumption total value	$ 407,850
Fair value assumption stock price per share	$ 0.60
Fair value assumption exercise price per share	$ 0.30
Fair value assumption dividend yield	0.00%
Fair value assumption risk free interest	1.53%
Fair value assumption expected volatility	171.00%
Fair value assumption term	3 years
DHDC [Member] | Through July 20, 2020 [Member]
Warrants per share	$ 0.30
DHDC [Member] | Chief Executive Officer [Member]
Stock warrants issued	500,000
DHDC [Member] | Secretary [Member]
Stock warrants issued	100,000
DHDC [Member] | Two Other Directors [Member]
Stock warrants issued	60,000
DHDC [Member] | Non Executive DHL Project Manager Employee [Member]
Stock warrants issued	50,000
DHDC [Member] | Stock Warrant [Member]
Stock warrants issued	750,000

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Subsequent Events (Details Narrative) - USD ($)	Feb. 09, 2018	Oct. 13, 2016
Stock based compensation, recognized		100,000
Subsequent Event [Member] | Dream Homes,Ltd [Member]
Minority stockholder	$ 10,000
Proceeds from private placement of common stock	$ 500,000
Subsequent Event [Member] | Restricted Stock [Member] | Secretary [Member]
Number of common shares issued for legal services	25,000
Stock based compensation, recognized	25,000
Subsequent Event [Member] | Restricted Stock [Member] | Directors [Member]
Number of common shares issued for legal services	25,000
Stock based compensation, recognized	25,000
Subsequent Event [Member] | Restricted Stock [Member] | Dream Homes,Ltd [Member]
Number of common stock, shares	40,000
Number of common shares issued for legal services	30,000
Stock based compensation, recognized	40,000