NOTE 23 — SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the date of this filing and determined that the following events occurred after December 31, 2025 and prior to the issuance of these financial statements:

- On January 19, 2026, the Company entered into a Content Transfer Agreement to acquire all rights to the “Mega Racer” OST master recordings and promotional materials performed by ATEEZ, Daniel Kang, and KIRAS. The acquisition will be accounted for in accordance with applicable accounting standards, including ASC 805 or ASC 350, as appropriate.

- On March 26, 2026, the Company entered into a non-binding term sheet with Hudson Global Ventures, LLC for an equity line of credit of up to $18,000,000. The arrangement is non-binding and subject to negotiation and execution of definitive agreements and customary closing conditions

- On April 22, 2026, the Company entered into a Promissory Note agreement with FirstFire Global Opportunities Fund, LLC for a principal amount of $506,000. The note bears interest at market rate and is subject to the terms of the agreement.

The Company evaluated subsequent events in accordance with ASC 855, Subsequent Events. Management has assessed whether subsequent events require adjustment or disclosure in the consolidated financial statements.