v3.25.2
PREPAID EXPENSE
6 Months Ended
Jun. 30, 2025
Prepaid Expense  
PREPAID EXPENSE

NOTE 4 – PREPAID EXPENSE

 

Prepaid expenses include the following:

 

 

  

June 30, 2025

  

December 31, 2024

 
   (Unaudited)   (Audited) 
Tony Stewart racing prepaid  $466,667   $- 
Barham Enterprises prepaid   333,333    - 
Charlotte Motors Speedway prepaid   105,000    - 
MZ Digital prepaid   105,000    - 
Other prepaids   415,922    311,878 
Total prepaid expense  $1,425,922   $311,878 

 

Prepaid expenses represent payments made by the Company for which the related benefits will be recognized in future periods. These amounts are expensed over the periods in which the benefits are expected to be realized. Prepaid expenses are classified as current assets on the condensed consolidated balance sheets.