NOTE 13 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

The carrying amounts of accounts payable and accrued expenses approximated their fair values at the balance sheet dates. Accounts payable at June 30, 2026 and December 31, 2025 were $59,635,351 and $25,129,485, respectively, which primarily consisted of payments to vendors for operations including inventory, marketing, professional services, security, and payments for construction of the Company’s future facilities. Accrued expenses at June 30, 2026 and December 31, 2025 were $6,620,210 and $27,847,751, respectively, which included accruals of general operating expenses, property and sales taxes, interest accrued on long-term debt and NNN firesuite liability, and construction costs related to future venues.

Total accrued expenses consist of the following:

 SCHEDULE OF ACCRUED EXPENSES