| Schedule of Segment Reporting |
| | | | | | | | | Three Months Ended March 31, | | | 2026 | | 2025 | Revenue: | | | | | | | Total revenue | | $ | 5,111,943 | | $ | 5,846,974 | Operating expenses: | | | | | | | Rooms | | | 1,241,255 | | | 1,367,983 | Food and beverage | | | 358,092 | | | 338,392 | Other property operating expenses | | | 2,572,278 | | | 2,553,061 | Property management fees to affiliates | | | 153,310 | | | 175,662 | Other segment expenses (1) | | | 1,511,405 | | | 1,609,050 | Operating loss: | | | (724,397) | | | (197,174) | Non-operating expenses: | | | | | | | Interest expense, net | | | (1,084,750) | | | (953,354) | Income tax (expense) benefit | | | (1,600) | | | 216,887 | Segment and consolidated net loss | | $ | (1,810,747) | | $ | (933,641) |
| (1) | Other segment expenses include corporate general and administrative, other fees to affiliates and depreciation and amortization. |
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