Accounts Receivable

The Company has a receivable from PDP for $0.2 million and $0.3 million as of December 31, 2025 and 2024, respectively.

Accounts Payable

The Company reimbursed certain audit and professional fees on behalf of PDP and Sierra Parima. There were $0 and $1.4 million unreimbursed audit and professional fees as of December 31, 2025 and 2024, respectively, related to PDP and Sierra Parima. The Company incurred expenses related to reimbursable audit and professional fees of $0 and $0.2 million for the years ended December 31, 2025 and 2024, respectively.

Other current assets

The Company has a short-term advance to fund working capital to FCG for $1.0 million and $0 as of December 31, 2025 and 2024, respectively.

Related Party debt

The Company has various long-term debt instruments with Infinite Acquisitions. On September 8, 2025, the Company exchanged $20.5 million of debt and accrued interest for the issuance of $20.5 million of shares of Series B Preferred Stock. See "Note 13 – Equity." These loans had $0.3 million and $0.5 million accrued interest as of December 31, 2025 and 2024, respectively.

Loans with Katmandu Ventures, LLC had accrued interest of $0.2 million and $0.1 million as of December 31, 2025 and 2024, respectively. The loan with Cecil and Marty Magpuri had accrued interest of less than $0.1 million as of December 31, 2025. Accrued interest is included within Accrued expenses and other current liabilities on the consolidated balance sheets.

Services provided to equity method investments

FCG has been contracted for various design, master planning, attraction design, hardware sales and commercial services for themed entertainment offerings by the Company’s equity method investments. Destinations Operations recognizes management and incentive fees from the Company’s equity method investments.

Intercompany Services Agreement between FCG and the Company

There was $1.6 million and $0.7 million accounts receivable balance outstanding as of December 31, 2025 and 2024, respectively, related to the Intercompany Service Agreement.

The Company recognizes related party revenue for corporate shared service support provided to FCG and PDP. Total related party revenues from services provided to our equity method investments were $7.2 million and $6.7 million for the years ended December 31, 2025 and 2024, respectively. Of the total related party revenues from services provided to our equity method investments, the Company recognized $6.6 million and $6.2 million revenue related to services provided to FCG for the years ended December 31, 2025 and 2024, respectively.

FCG also provides marketing, research and development, and other services to FBG. The Company owes FCG $0.1 million and $0.2 million related to these services as of December 31, 2025 and 2024, respectively. The Company and FCG have also incurred reimbursable costs on behalf of each other. The Company had $0.6 million and $0.7 million in accounts receivable from FCG related to reimbursable costs as of December 31, 2025 and 2024, respectively.

Subscription agreement with Infinite Acquisitions

Infinite Acquisitions had a commitment to invest $12.8 million in the Company. As of December 31, 2025, the commitment was fulfilled in connection with the issuance of Series B Preferred Stock.

RSUs of the Company provided to FCG employees

The Company issued 8,716 restricted stock units to FCG employees under the Incentive Award Plan on June 25, 2024. The Company was reimbursed by FCG for the entire stock compensation expense during the years ended December 31, 2025 and 2024. Periodic stock compensation costs related to RSUs issued to FCG employees is recognized as a receivable from FCG and does not impact the Company’s consolidated statements of operations and comprehensive income.

Advance to Meliá Group

The Company had $0.5 million outstanding advance to Meliá Group intended for the site of a future hotel and entertainment development. The advance was non-interest bearing and was classified in Other current assets as of December 31, 2024. On July 3,

2025, Melia returned the $0.5 million earnest money deposit for a potential land acquisition in Playa del Carmen, Mexico to the Company.

Series B Preferred stock

On September 8, 2025, the Company issued 307,627 shares of Series B Preferred Stock to Gino P. Lucadamo, a director of the Company in exchange for $1.5 million in cash. See "Note 13 – Equity."

Equity method investment financing

Scott Demerau, the Executive Chairman and his wife are investors of the lender that provided $2.75 million financing to a third party buyer of land sold by FCG in February 2026.