| 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 June 30, 2026:
SCHEDULE
OF CARRYING VALUE OF ASSETS AND LIABILITIES OF CONSOLIDATED VARIABLE INTEREST ENTITIES
| | |
BBPCO | | |
Sunset CO | | |
HIA | | |
GAHIA | | |
SHC | | |
Sunset BA | | |
Sunset McK | | |
Sunset EP | | |
Venu Inc | | |
Venu VIP | | |
Sunset HOU | | |
Hall at Cen | | |
Total | |
| ASSETS | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
| 77,485 | | |
| 5,936 | | |
| 75,769 | | |
| 354,661 | | |
| 5,622 | | |
| 6,486,113 | | |
| 3,747,346 | | |
| 199,107 | | |
| 8,205 | | |
| 8,939 | | |
| 346,701 | | |
| 12,701 | | |
| 11,328,585 | |
| Property and equipment, net | |
| 116,937 | | |
| 57,600,059 | | |
| 9,003,529 | | |
| 11,146,961 | | |
| 42,667,290 | | |
| 77,734,866 | | |
| 155,600,826 | | |
| 1,170,861 | | |
| - | | |
| - | | |
| 35,318 | | |
| 8,435,830 | | |
| 363,512,477 | |
| Other assets | |
| 1,170,431 | | |
| 40,131,007 | | |
| 553,265 | | |
| 520,071 | | |
| 1,332,522 | | |
| 3,796,866 | | |
| 7,315,337 | | |
| 6,841,088 | | |
| 3,079,413 | | |
| 1,602 | | |
| 12,754,747 | | |
| 3,957,685 | | |
| 81,454,034 | |
| Total assets | |
| 1,364,853 | | |
| 97,737,002 | | |
| 9,632,563 | | |
| 12,021,693 | | |
| 44,005,434 | | |
| 88,017,845 | | |
| 166,663,509 | | |
| 8,211,056 | | |
| 3,087,618 | | |
| 10,541 | | |
| 13,136,766 | | |
| 12,406,216 | | |
| 456,295,096 | |
| LIABILITIES | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accounts payable | |
| 243,825 | | |
| 766,895 | | |
| 71,393 | | |
| 44,239 | | |
| 2,107,281 | | |
| 45,858,285 | | |
| 92,676,529 | | |
| 591,230 | | |
| - | | |
| 2,652 | | |
| 148,674 | | |
| 509,698 | | |
| 143,020,701 | |
| Accrued expenses and other | |
| 418,623 | | |
| 4,570,675 | | |
| 406,056 | | |
| 423,665 | | |
| 58,956 | | |
| 417,995 | | |
| 1,166,367 | | |
| 157,862 | | |
| - | | |
| 803 | | |
| 207,367 | | |
| 8,088,550 | | |
| 15,916,919 | |
| Other long-term liabilities | |
| 952,864 | | |
| 45,529,990 | | |
| 2,785,660 | | |
| 3,818,186 | | |
| 5,936,794 | | |
| 7,381,675 | | |
| 35,606,817 | | |
| 1,426,333 | | |
| - | | |
| - | | |
| 2,820,000 | | |
| - | | |
| 106,258,319 | |
| Total Liabilities | |
| 1,615,312 | | |
| 50,867,560 | | |
| 3,263,109 | | |
| 4,286,090 | | |
| 8,103,031 | | |
| 53,657,955 | | |
| 129,449,713 | | |
| 2,175,425 | | |
| - | | |
| 3,455 | | |
| 3,176,041 | | |
| 8,598,248 | | |
| 265,195,939 | |
| Stockholders’ Equity & NCI | |
| (250,459 | ) | |
| 46,869,442 | | |
| 6,369,454 | | |
| 7,735,603 | | |
| 35,902,403 | | |
| 34,359,890 | | |
| 37,213,796 | | |
| 6,035,631 | | |
| 3,087,618 | | |
| 7,086 | | |
| 9,960,725 | | |
| 3,807,968 | | |
| 191,099,157 | |
| Total liabilities and equity | |
| 1,364,853 | | |
| 97,737,002 | | |
| 9,632,563 | | |
| 12,021,693 | | |
| 44,005,434 | | |
| 88,017,845 | | |
| 166,663,509 | | |
| 8,211,056 | | |
| 3,087,618 | | |
| 10,541 | | |
| 13,136,766 | | |
| 12,406,216 | | |
| 456,295,096 | |
The
following table shows the classification and carrying value of assets and liabilities of consolidated VIEs as of December 31, 2025:
| | |
BBPCO | | |
Sunset CO | | |
HIA | | |
GAHIA | | |
SHC | | |
Sunset BA | | |
Sunset McK | | |
Sunset EP | | |
Venu Inc | | |
Venu VIP | | |
Notes DST | | |
Sunset HOU | | |
Hall at Cen | | |
Total | |
| ASSETS | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
| 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 | | |
| 268,525,264 | |
| 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 | | |
| 41,464,324 | |
| 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 | |
|
| SCHEDULE OF NON CONTROLLING INTERESTS |
The
following table is a summary of the Company’s non-controlling interests for the three and six months ended June 30, 2026 and 2025:
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 | | |
Sunset HOU | | |
Hall at Cen | | |
VenuFSIncome | | |
Total | |
| Balance at December 31, 2025 | |
| (147,606 | ) | |
| 16,983,428 | | |
| 566,708 | | |
| 6,312,830 | | |
| 24,051,400 | | |
| 16,772,826 | | |
| (941,678 | ) | |
| 20,736,223 | | |
| 108,534 | | |
| 244,154 | | |
| (5,837 | ) | |
| 1,805,213 | | |
| 212,236 | | |
| 150,505 | | |
| - | | |
| 86,848,936 | |
| Net income (loss) attributable to non-controlling interest 1/1-3/31/26 | |
| (17,824 | ) | |
| 38,036 | | |
| (2,487 | ) | |
| 95,085 | | |
| (220,552 | ) | |
| (106,150 | ) | |
| - | | |
| (300,841 | ) | |
| (2,988 | ) | |
| (128 | ) | |
| (2,095 | ) | |
| (42,151 | ) | |
| (18,068 | ) | |
| (107,685 | ) | |
| - | | |
| (687,848 | ) |
| Subsidiary issuance of shares, net of Venu contributions | |
| - | | |
| - | | |
| - | | |
| - | | |
| (8,614,173 | ) | |
| 6,934,907 | | |
| - | | |
| 13,221,129 | | |
| (140,339 | ) | |
| (9,567 | ) | |
| - | | |
| 1,933,739 | | |
| 251,325 | | |
| 634,763 | | |
| - | | |
| 14,211,784 | |
| Distributions to non-controlling shareholders | |
| - | | |
| - | | |
| (907 | ) | |
| (101,591 | ) | |
| (296,501 | ) | |
| - | | |
| - | | |
| - | | |
| - | | |
| (53,168 | ) | |
| - | | |
| (126,732 | ) | |
| - | | |
| - | | |
| - | | |
| (578,899 | ) |
| Balance at March 31, 2026 | |
| (165,430 | ) | |
| 17,021,464 | | |
| 563,314 | | |
| 6,306,324 | | |
| 14,920,174 | | |
| 23,601,583 | | |
| (941,678 | ) | |
| 33,656,511 | | |
| (34,793 | ) | |
| 181,291 | | |
| (7,932 | ) | |
| 3,570,069 | | |
| 445,493 | | |
| 677,583 | | |
| - | | |
| 99,793,973 | |
| Net income (loss) attributable to non-controlling interest 4/1-6/30/26 | |
| (14,539 | ) | |
| (804,567 | ) | |
| (2,613 | ) | |
| 1,632 | | |
| (120,743 | ) | |
| (297,063 | ) | |
| | | |
| (462,570 | ) | |
| (4,506 | ) | |
| | | |
| (1,080 | ) | |
| (18,360 | ) | |
| (18,494 | ) | |
| (103,565 | ) | |
| (24 | ) | |
| (1,846,492 | ) |
| Subsidiary issuance of shares | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 8,763,129 | | |
| - | | |
| (1,068,014 | ) | |
| - | | |
| - | | |
| - | | |
| 4,581,336 | | |
| 156,907 | | |
| 38,763 | | |
| (22 | ) | |
| 12,472,099 | |
| Distributions to non-controlling shareholders | |
| (98,199 | ) | |
| - | | |
| (900 | ) | |
| - | | |
| (296,500 | ) | |
| - | | |
| - | | |
| - | | |
| - | | |
| (54,603 | ) | |
| - | | |
| (11,821,542 | ) | |
| - | | |
| - | | |
| - | | |
| (12,271,744 | ) |
| Balance at June 30, 2026 | |
| (278,168 | ) | |
| 16,216,897 | | |
| 559,801 | | |
| 6,307,956 | | |
| 14,502,931 | | |
| 32,067,649 | | |
| (941,678 | ) | |
| 32,125,927 | | |
| (39,299 | ) | |
| 126,688 | | |
| (9,012 | ) | |
| (3,688,497 | ) | |
| 583,906 | | |
| 612,781 | | |
| (46 | ) | |
| 98,147,836 | |
| | |
BBPCO | | |
Sunset CO | | |
HIA | | |
GAHIA | | |
SHC | | |
Sunset BA | | |
Sunset MC | | |
Sunset McK | | |
Sunset EP | | |
Venu Inc | | |
Venu VIP | | |
Notes CS 1 | | |
Sunset HOU | | |
Hall at Cen | | |
VenuFSIncome | | |
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 1/1-3/31/25 | |
| (6,373 | ) | |
| (741,280 | ) | |
| (3,023 | ) | |
| 77,831 | | |
| (145,314 | ) | |
| (88,367 | ) | |
| 177 | | |
| (458,850 | ) | |
| - | | |
| (700 | ) | |
| (2,629 | ) | |
| (492 | ) | |
| - | | |
| - | | |
| - | | |
| (1,369,020 | ) |
| Subsidiary issuance of shares | |
| - | | |
| - | | |
| - | | |
| - | | |
| 13,770,625 | | |
| 2,596,672 | | |
| - | | |
| 10,953,701 | | |
| - | | |
| 15,968 | | |
| - | | |
| 9,262 | | |
| - | | |
| - | | |
| - | | |
| 27,346,228 | |
| Distributions to non-controlling shareholders | |
| - | | |
| - | | |
| (909 | ) | |
| (98,064 | ) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (6,453 | ) | |
| - | | |
| - | | |
| - | | |
| (105,426 | ) |
| Balance at March 31, 2025 | |
| (97,580 | ) | |
| 19,351,784 | | |
| 581,392 | | |
| 6,611,574 | | |
| 16,762,527 | | |
| 2,619,115 | | |
| (65,251 | ) | |
| 15,090,538 | | |
| - | | |
| 15,268 | | |
| (6,224 | ) | |
| 102,942 | | |
| - | | |
| - | | |
| - | | |
| 60,966,085 | |
| Net income (loss) attributable to non-controlling interest 4/1-6/30/25 | |
| (10,417 | ) | |
| (693,602 | ) | |
| (2,494 | ) | |
| 79,989 | | |
| (270,898 | ) | |
| 367,084 | | |
| - | | |
| (338,617 | ) | |
| (7,881 | ) | |
| (3,365 | ) | |
| (1,204 | ) | |
| (4,954 | ) | |
| - | | |
| - | | |
| - | | |
| (886,359 | ) |
| Subsidiary issuance of shares | |
| - | | |
| - | | |
| - | | |
| - | | |
| 296,999 | | |
| 468,182 | | |
| - | | |
| 12,724,912 | | |
| 4,123 | | |
| 64,078 | | |
| - | | |
| 162,958 | | |
| - | | |
| - | | |
| - | | |
| 13,721,252 | |
| Distributions to non-controlling shareholders | |
| - | | |
| - | | |
| (909 | ) | |
| (109,714 | ) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (9,367 | ) | |
| - | | |
| (26,369 | ) | |
| - | | |
| - | | |
| - | | |
| (146,359 | ) |
| Balance at June 30, 2025 | |
| (107,997 | ) | |
| 18,658,182 | | |
| 577,989 | | |
| 6,581,849 | | |
| 16,788,628 | | |
| 3,454,381 | | |
| (65,251 | ) | |
| 27,476,833 | | |
| (3,758 | ) | |
| 66,614 | | |
| (7,428 | ) | |
| 234,577 | | |
| - | | |
| - | | |
| - | | |
| 73,654,619 | |
|