Company: VTBAS
Filing Date: 2025-09-29
Form Type: 1-SA
Source: 0001493152-25-016012
Chunk: 11

Company: Vestible Assets, LLC
Filing Date: 2025-09-29
Form: 1-SA
Chunk 11
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 $                                     |       - |   |
| Supplemental disclosure of non-cash financing activities:                                 |     |               |         |   |     |             |         |   |     |                                       |         |   |     |               |         |   |     |             |   |     |                                       |         |   |
| Declared distributions accrued and unpaid                                                 |     | $             |  13,861 |   |     | $           |       - |   |     | $                                     |  13,861 |   |     | $             | 406,000 |   |     | $           | - |     | $                                     | 406,000 |   |

<div align='center'>No assurance is provided.

See accompanying notes, which are an integral part of these consolidated and consolidating financial statements</div>

| F-5 |

VESTIBLE ASSETS, LLC AND ITS SERIES

NOTES TO THE CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS

As of June 30, 2025 (Unaudited) and December 31, 2024 and for the six-month periods ended June 30, 2025 and 2024 (Unaudited)

NOTE 1: NATURE OF OPERATIONS

Vestible Assets, LLC (the “Company”) is a Delaware series limited liability company formed on July 20, 2022 under the laws of Delaware. The Company was formed to facilitate public investment in specified future professional sports earnings of individual athletes. Each Series of the Company (each, a “Series” and collectively, the “Series”) will be associated with a single athlete who will have entered into an agreement (each, a “Brand Agreement”) pursuant to which such athlete will pay to a Series, for the duration of the Brand Agreement, a percentage of all of his or her prospective sports earnings paid by a professional sports team (excluding any earnings associated with endorsements and name, image and likeness, and similar income) in return for an initial payment equal to 80% of the gross proceeds of the offering associated with such athlete. An athlete’s gross professional sports earnings is referred to herein as the “Brand Income” and the portion of an athlete’s Brand Income that will be paid to a particular Series is referred to herein as the “Brand Amount.” Each Brand Agreement will be owned by or otherwise assigned to an individual Series of the Company. The Company is managed by Vestible, Inc., a Delaware corporation and managing member of the Company (the