| SCHEDULE OF CARRYING VALUE OF ASSETS AND LIABILITIES OF CONSOLIDATED VARIABLE INTEREST ENTITIES |
The
following table shows the classification and carrying value of assets and liabilities of consolidated VIEs as of December 31, 2025 and
2024:
SCHEDULE
OF CARRYING VALUE OF ASSETS AND LIABILITIES OF CONSOLIDATED VARIABLE INTEREST ENTITIES
| | |
BBPCO | | |
Sunset
CO | | |
HIA | | |
GAHIA | | |
SHC | | |
Sunset
BA | | |
Sunset
McK | | |
Sunset
El | | |
Venu Inc | | |
Venu VIP | | |
Notes
DST | | |
Sunset
Hous | | |
Hall at
Cen | | |
Sunset
MC | | |
Total | |
| ASSETS | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash | |
| 53,337 | | |
| 362 | | |
| 163,403 | | |
| 280,933 | | |
| 508,141 | | |
| 797,593 | | |
| 2,611,759 | | |
| 2,222,234 | | |
| 538,035 | | |
| 6,343 | | |
| 169,547 | | |
| 1,683,056 | | |
| 756,160 | | |
| - | | |
| 9,790,903 | |
| Property and equipment, net | |
| 132,311 | | |
| 46,992,411 | | |
| 9,466,022 | | |
| 10,270,541 | | |
| 42,941,425 | | |
| 64,726,088 | | |
| 92,234,432 | | |
| 1,629,290 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 132,744 | | |
| - | | |
| 268,524,071 | |
| Other assets | |
| 1,062,258 | | |
| 10,000 | | |
| 606,150 | | |
| 404,845 | | |
| 964,476 | | |
| 2,738,369 | | |
| 13,976,710 | | |
| 4,932,073 | | |
| 2,704,413 | | |
| 14,476 | | |
| 6,500,000 | | |
| 7,042,004 | | |
| 508,550 | | |
| - | | |
| 41,465,517 | |
| Total assets | |
| 1,247,906 | | |
| 47,002,773 | | |
| 10,235,575 | | |
| 10,956,319 | | |
| 44,414,042 | | |
| 68,262,050 | | |
| 108,822,901 | | |
| 8,783,597 | | |
| 3,242,448 | | |
| 20,819 | | |
| 6,669,547 | | |
| 8,725,060 | | |
| 1,397,454 | | |
| - | | |
| 319,780,491 | |
| LIABILITIES | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accounts payable | |
| 45,277 | | |
| 3,435 | | |
| 95,163 | | |
| 4,788 | | |
| 629,355 | | |
| 28,838,639 | | |
| 24,235,272 | | |
| 593,165 | | |
| 14,999 | | |
| 3,652 | | |
| 15,000 | | |
| 39,077 | | |
| 37,113 | | |
| - | | |
| 54,554,935 | |
| Accrued expenses and other | |
| 281,692 | | |
| 760,786 | | |
| 507,459 | | |
| 356,843 | | |
| 515,920 | | |
| 6,988,928 | | |
| 15,824,951 | | |
| 531,312 | | |
| 30,000 | | |
| 761 | | |
| 1,979 | | |
| 121,119 | | |
| 104,304 | | |
| - | | |
| 26,026,054 | |
| Other long-term liabilities | |
| 978,063 | | |
| - | | |
| 2,879,468 | | |
| 3,901,428 | | |
| 5,937,119 | | |
| 675,000 | | |
| 26,701,800 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 25,000 | | |
| - | | |
| - | | |
| 41,097,878 | |
| Total Liabilities | |
| 1,305,032 | | |
| 764,221 | | |
| 3,482,090 | | |
| 4,263,059 | | |
| 7,082,394 | | |
| 36,502,567 | | |
| 66,762,023 | | |
| 1,124,477 | | |
| 44,999 | | |
| 4,413 | | |
| 16,979 | | |
| 185,196 | | |
| 141,417 | | |
| - | | |
| 121,678,867 | |
| Stockholders’ Equity & NCI | |
| (57,126 | ) | |
| 46,238,552 | | |
| 6,753,485 | | |
| 6,693,260 | | |
| 37,331,648 | | |
| 31,759,483 | | |
| 42,060,878 | | |
| 7,659,120 | | |
| 3,197,449 | | |
| 16,406 | | |
| 6,652,568 | | |
| 8,539,864 | | |
| 1,256,037 | | |
| - | | |
| 198,101,624 | |
| Total liabilities and equity | |
| 1,247,906 | | |
| 47,002,773 | | |
| 10,235,575 | | |
| 10,956,319 | | |
| 44,414,042 | | |
| 68,262,050 | | |
| 108,822,901 | | |
| 8,783,597 | | |
| 3,242,448 | | |
| 20,819 | | |
| 6,669,547 | | |
| 8,725,060 | | |
| 1,397,454 | | |
| - | | |
| 319,780,491 | |
| | |
BBPCO | | |
Sunset
CO | | |
HIA | | |
GAHIA | | |
SHC | | |
Sunset
BA | | |
Sunset
McK | | |
Sunset
El | | |
Venu VIP | | |
Notes
DST | | |
Sunset
TN | | |
Sunset
MC | | |
Total | |
| ASSETS | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash | |
| 260,107 | | |
| 31,663 | | |
| 100,475 | | |
| 212,512 | | |
| 5,723,088 | | |
| 767,752 | | |
| 11,808,891 | | |
| 101,469 | | |
| 2,342 | | |
| 205,922 | | |
| - | | |
| 1,414,974 | | |
| 20,629,195 | |
| Property and equipment, net | |
| 40,583 | | |
| 47,620,003 | | |
| 10,277,794 | | |
| 10,631,874 | | |
| 12,172,841 | | |
| 22,745,062 | | |
| 1,980,140 | | |
| 202,483 | | |
| - | | |
| - | | |
| - | | |
| 36,724 | | |
| 105,707,504 | |
| Other assets | |
| 1,191,762 | | |
| 98,108 | | |
| 723,801 | | |
| 186,356 | | |
| 349,945 | | |
| - | | |
| 10,086,179 | | |
| - | | |
| 11,187 | | |
| 11,000 | | |
| - | | |
| - | | |
| 12,658,338 | |
| Total assets | |
| 1,492,452 | | |
| 47,749,774 | | |
| 11,102,070 | | |
| 11,030,742 | | |
| 18,245,874 | | |
| 23,512,814 | | |
| 23,875,210 | | |
| 303,952 | | |
| 13,529 | | |
| 216,922 | | |
| - | | |
| 1,451,698 | | |
| 138,995,037 | |
| LIABILITIES | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accounts payable | |
| 59,419 | | |
| 95,655 | | |
| 34,516 | | |
| 413 | | |
| 2,669,239 | | |
| 13,507,259 | | |
| 430,518 | | |
| 76,039 | | |
| 14,829 | | |
| 139,779 | | |
| - | | |
| - | | |
| 17,027,666 | |
| Accrued expenses and other | |
| 365,638 | | |
| 167,047 | | |
| 191,565 | | |
| 14,452 | | |
| 92,112 | | |
| 2,535,164 | | |
| 124,322 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 3,490,300 | |
| Other long-term liabilities | |
| 1,054,770 | | |
| 11,963,333 | | |
| 3,305,253 | | |
| 4,190,509 | | |
| - | | |
| 550,000 | | |
| 879,424 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 21,943,289 | |
| Total Liabilities | |
| 1,479,827 | | |
| 12,226,035 | | |
| 3,531,334 | | |
| 4,205,374 | | |
| 2,761,351 | | |
| 16,592,423 | | |
| 1,434,264 | | |
| 76,039 | | |
| 14,829 | | |
| 139,779 | | |
| - | | |
| - | | |
| 42,461,255 | |
| Stockholders’ Equity & NCI | |
| 12,625 | | |
| 35,523,739 | | |
| 7,570,736 | | |
| 6,825,368 | | |
| 15,484,523 | | |
| 6,920,391 | | |
| 22,440,946 | | |
| 227,913 | | |
| (1,300 | ) | |
| 77,143 | | |
| - | | |
| 1,451,698 | | |
| 96,533,782 | |
| Total liabilities and equity | |
| 1,492,452 | | |
| 47,749,774 | | |
| 11,102,070 | | |
| 11,030,742 | | |
| 18,245,874 | | |
| 23,512,814 | | |
| 23,875,210 | | |
| 303,952 | | |
| 13,529 | | |
| 216,922 | | |
| - | | |
| 1,451,698 | | |
| 138,995,037 | |
|
| SCHEDULE OF NON CONTROLLING INTERESTS |
The
following table is a summary of the Company’s non-controlling interests for the years ended December 31, 2025 and 2024:
SCHEDULE
OF NON CONTROLLING INTERESTS
| | |
BBPCO | | |
Sunset
CO | | |
HIA | | |
GAHIA | | |
SHC | | |
Sunset
BA | | |
Sunset
MC | | |
Sunset
McK | | |
Sunset
EP | | |
Venu Inc | | |
Venu VIP | | |
Notes
CS 1 | | |
Luxe | | |
Sunset
Hous | | |
Hall at
Cen | | |
Total | |
| Balance at December 31, 2024 | |
| (91,207 | ) | |
| 20,093,064 | | |
| 585,324 | | |
| 6,631,807 | | |
| 3,137,216 | | |
| 110,810 | | |
| (65,428 | ) | |
| 4,595,687 | | |
| - | | |
| - | | |
| (3,595 | ) | |
| 100,625 | | |
| - | | |
| - | | |
| - | | |
| 35,094,303 | |
| Net income (loss) attributable to Non-Controlling Interest 1/1-12/31/25 | |
| (56,399 | ) | |
| (2,859,636 | ) | |
| (13,162 | ) | |
| 178,043 | | |
| (939,092 | ) | |
| (725,651 | ) | |
| - | | |
| (2,113,952 | ) | |
| (24,509 | ) | |
| (22,291 | ) | |
| (2,242 | ) | |
| (101,637 | ) | |
| - | | |
| (5,177 | ) | |
| (1,796 | ) | |
| (6,687,501 | ) |
| Subsidiary issuance of shares | |
| - | | |
| - | | |
| - | | |
| - | | |
| 14,137,938 | | |
| 6,751,767 | | |
| - | | |
| 17,097,022 | | |
| (7,295 | ) | |
| 377,785 | | |
| - | | |
| 1,932,162 | | |
| - | | |
| 64,801 | | |
| 100,615 | | |
| 40,454,795 | |
| Distributions to non-controlling shareholders | |
| - | | |
| (250,000 | ) | |
| (5,454 | ) | |
| (497,020 | ) | |
| (898,834 | ) | |
| - | | |
| (876,250 | ) | |
| - | | |
| - | | |
| (120,907 | ) | |
| - | | |
| (228,203 | ) | |
| - | | |
| - | | |
| - | | |
| (2,876,668 | ) |
| Balance at December 31, 2025 | |
| (147,606 | ) | |
| 16,983,428 | | |
| 566,708 | | |
| 6,312,830 | | |
| 15,437,227 | | |
| 6,136,926 | | |
| (941,678 | ) | |
| 19,578,757 | | |
| (31,804 | ) | |
| 234,587 | | |
| (5,837 | ) | |
| 1,702,947 | | |
| - | | |
| 59,624 | | |
| 98,819 | | |
| 65,984,929 | |
| | |
BBPCO | | |
Sunset
CO | | |
HIA | | |
GAHIA | | |
SHC | | |
Sunset
BA | | |
Sunset
MC | | |
Sunset
McK | | |
Venu VIP | | |
Notes
CS 1 | | |
Total | |
| Balance at December 31, 2023 | |
| (118,444 | ) | |
| 21,620,755 | | |
| 601,110 | | |
| 6,733,243 | | |
| 2,053,440 | | |
| 47,106 | | |
| 288,653 | | |
| - | | |
| - | | |
| - | | |
| 31,225,863 | |
| Balance | |
| (118,444 | ) | |
| 21,620,755 | | |
| 601,110 | | |
| 6,733,243 | | |
| 2,053,440 | | |
| 47,106 | | |
| 288,653 | | |
| - | | |
| - | | |
| - | | |
| 31,225,863 | |
| Net income (loss) attributable to Non-Controlling Interest 1/1-12/31/24 | |
| 27,237 | | |
| (1,379,798 | ) | |
| (12,150 | ) | |
| 341,324 | | |
| (926,840 | ) | |
| (334,279 | ) | |
| (40,504 | ) | |
| (278,811 | ) | |
| (3,150 | ) | |
| (2,248 | ) | |
| (2,609,219 | ) |
| Subsidiary issuance of shares | |
| - | | |
| 338,742 | | |
| - | | |
| - | | |
| 2,010,616 | | |
| 397,983 | | |
| (313,577 | ) | |
| 4,874,498 | | |
| (445 | ) | |
| 104,277 | | |
| 7,412,094 | |
| Distributions to non-controlling shareholders | |
| - | | |
| (486,635 | ) | |
| (3,636 | ) | |
| (442,760 | ) | |
| | | |
| | | |
| | | |
| - | | |
| | | |
| (1,404 | ) | |
| (934,435 | ) |
| Balance at December 31, 2024 | |
| (91,207 | ) | |
| 20,093,064 | | |
| 585,324 | | |
| 6,631,807 | | |
| 3,137,216 | | |
| 110,810 | | |
| (65,428 | ) | |
| 4,595,687 | | |
| (3,595 | ) | |
| 100,625 | | |
| 35,094,303 | |
| Balance | |
| (91,207 | ) | |
| 20,093,064 | | |
| 585,324 | | |
| 6,631,807 | | |
| 3,137,216 | | |
| 110,810 | | |
| (65,428 | ) | |
| 4,595,687 | | |
| (3,595 | ) | |
| 100,625 | | |
| 35,094,303 | |
|