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ACCRUED EXPENSE AND OTHER
 6 Months Ended
Jun. 30, 2025
Payables and Accruals [Abstract]  
ACCRUED EXPENSE AND OTHER

NOTE 7 – ACCRUED EXPENSE AND OTHER

 

Accrued expense and other includes the following:

 

 

   June 30, 2025   December 31, 2024 
   (Unaudited)   (Audited) 
Accrued officer bonus  $703,374   $464,580 
Accrued liabilities - Champion   181,586    28,000 
Accrued liabilities - Beer   130,142    - 
Accrued officer compensation   106,868    510,669 
Tony Stewart Racing   -    434,000 
Other accrued expenses   1,104,600    648,831 
Total accrued expense and other  $2,226,570   $2,086,080 

 

Accrued expenses represent obligations for goods and services received that have not yet been invoiced or paid as of the reporting date. These liabilities are recorded when incurred in accordance with the accrual basis of accounting and are classified as current liabilities on the condensed consolidated balance sheets.