Company: VTBAS
Filing Date: 2025-09-29
Form Type: 1-SA
Source: 0001493152-25-016012
Chunk: 4

Company: Vestible Assets, LLC
Filing Date: 2025-09-29
Form: 1-SA
Chunk 4
---
R and $29,111 was unallocated.

For the six-month period ended June 30, 2024, the Company had total consolidated operating expenses of $73,313, all of which such expenses were allocated to Series BDBR and $0 was unallocated.

In accordance with the Operating Agreement and the allocation policy, certain amounts were repaid to the Manager by Series BDBR from the proceeds of the offering with respect to Series BDBR upon closing on September 4, 2024.

Liquidity and Capital Resources

From inception, our Manager has financed the business activities of each Series. Upon the first closing of a particular series offering, the Manager is reimbursed out of the proceeds of the relevant offering. Until such time as the Series has the capacity to generate cash flows from operations, our Manager may cover any deficits through advancement of expenses, which may be reimbursed upon closing of the relevant offering.

Cash and Cash Equivalent Balances

As of June 30, 2025, the Company had total consolidated cash and cash equivalents of $1,989, all of which was allocated to Series BDBR and $0 was unallocated. As of June 30, 2024, neither the Company nor any Series had any cash or cash equivalents.

Going Concern

As discussed further in “ Note 3, Going Concern”to the unaudited financial statements for fiscal period ended June 30, 2025 included herein, there is substantial doubt about the ability of the Company and its Series to continue as a going concern for the next twelve months. As of June 30, 2025, the Company had a total accumulated deficit of $362,831 $332,121 of which was allocated to Series BDBR and $30,711 was unallocated.

| 5 |

Brand Agreement with Baron Browning

In July 2021, Baron Browning entered into a four-year contract with the Broncos worth up to $4,785,852, including a $840,620 signing bonus and an average annual salary of $1,196,463, which such contract expired in 2025. On March 10, 2025, Browning entered into a two-year contract with the Arizona Cardinals worth up to $18 million, of which $10 million is guaranteed, including a $5.5 million signing bonus, a $2.5 million base salary for 2025, and $2 million of his $4.39 million 2026 base salary. Browning