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7. EQUITY INVESTMENTS
6 Months Ended
Jun. 30, 2025
Investments, All Other Investments [Abstract]  
7. EQUITY INVESTMENTS

7. EQUITY INVESTMENTS

 

In December 2023, the Company made a $500,000 investment for 50,000 shares of Class D common stock (formerly Class C common stock) of Venu Holdings Corporation (formerly known as Notes Live, Inc.). The Company recorded a realized loss of $50,760 and $0 in the three months ended June 30, 2025 and 2024, respectively. The Company recorded a realized loss of $54,760 and $0 in the six months ended June 30, 2025 and 2024, respectively. The Company transferred its investment in Venu Holdings Corporation to two convertible debt holders in April 2025 in connection with its outstanding debt obligations. The investment balance was $0 and $466,500 as of June 30, 2025 and December 31, 2024, respectively.