v3.25.2
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Valuation of Financial Instruments at Fair Value Recurring Basis

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balances sheet as of June 30, 2025 and December 31, 2024:

 

   Level 1   Level 2   Level 3 
   Fair Value Measurements at June 30, 2025 
   Level 1   Level 2   Level 3 
Assets               
Cash  $46,882   $-   $- 
Total assets   46,882    -    - 
Liabilities               
Due to related party   -    474,271    - 
Mortgages payable, related party   -    1,032,794    - 
Mortgages payable, net of debt discounts   -    21,419,517    - 
Dividends payable   -    218,350    - 
Convertible preferred stock payable   -    -    520,400 
Total liabilities   -    23,144,932    520,400 
Net asset (liabilities)  $46,882   $(23,144,932)  $(520,400)

 

 

HUBILU VENTURE CORPORATION

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

   Level 1   Level 2   Level 3 
   Fair Value Measurements at December 31, 2024 
   Level 1   Level 2   Level 3 
Assets               
Cash  $9,799   $-   $- 
Total assets   9,799    -    - 
Liabilities               
Due to related party   -    474,271    - 
Mortgages payable, related party   -    599,594    - 
Mortgages payable   -    20,211,798    - 
Dividends payable   -    205,483    - 
Convertible preferred stock payable   -    -    520,400 
Total liabilities   -    21,491,146    520,400 
Net asset (liabilities)  $9,799   $(21,491,146)  $(520,400)