Non-Controlling Interests

The Company accounts for non-controlling interests in accordance with ASC 810, Consolidation. Non-controlling interests represent the portion of equity in a consolidated subsidiary that is not attributable, directly or indirectly, to the Company. Non-controlling interests are reported as a separate component of stockholders’ deficit in the consolidated balance sheets and the share of net income or loss attributable to non-controlling interests is presented separately in the consolidated statements of operations. The Company consolidates entities in which it has a controlling financial interest, which is generally determined by holding a majority voting or membership interest. In the case of limited liability companies, the Company evaluates whether it holds the power to direct the activities that most significantly impact the entity’s economic performance. As of December 31, 2025, the Company consolidates Interstice Cellars LLC, in which J Street Capital Partners, LLC holds a 51% managing membership interest. The remaining 49% is held by two unaffiliated members and is presented as non-controlling interests. See Note 9 – Non-Controlling Interests.