American Picture House Corporation

APHP: 10-Q · periodic report

American Picture House Corporation's 10-Q for the quarter ended June 30, 2026 discloses zero cash, a $1,517,590 working capital deficit, and an accumulated deficit of approximately $8.1 million, with management stating these conditions raise substantial doubt about the company's ability to continue as a going concern. Losses narrowed dramatically year over year: the six-month net loss was $242,697 versus $1,249,465 in the prior-year period, but revenue was just $1,220 for the six months (all from the BUFFALOED CAMA) and zero in the second quarter. On the operational side, the company collected $1,029,404 under its BARRON'S COVE revenue rights, grew produced and licensed content costs to $1,175,000 via non-cash funding for MOTION and an untitled SSS picture, and secured a $360,000 senior recoupment preference in BECKY 3, which premiered at the Fantasia International Film Festival on July 25, 2026 and will be distributed by Quiver Distribution. Risk items remain heavy: disclosure controls were deemed not effective due to unremediated material weaknesses, the company depends on CEO and family-trust loans plus high-cost convertible notes (including a 12,000,000-share conversion reserve for Labrys), and JAMS arbitration claims by Jonathan Sanger and Michael Jones remain pending.

SEC 10-Q•2mo ago

APHP: 10-Q · periodic report

American Picture House Corporation (APHP) reported revenues of $1,220 for the quarter ended March 31, 2026, compared to $0 in the prior year. This revenue was primarily from the BARRON’S COVE Cash Asset Management Agreement (CAMA). APHP's net loss for the quarter was $171,239, a reduction from the $488,837 net loss reported in the same period of 2025. The decrease in net loss was mainly due to a reduction in general and administrative expenses, which fell from $475,457 to $112,656. As of March 31, 2026, APHP had cash and cash equivalents of $22,338, a significant increase from $124 at the end of 2025. However, the company still faces a working capital deficit of approximately $1,452,000 and an accumulated deficit of $7,997,633, raising substantial doubt about its ability to continue as a going concern. APHP entered into a convertible note financing with Labrys Fund II, L.P. for a $150,000 purchase price, which included $114,000 in cash proceeds to the company. Labrys converted $5,754 of principal and $1,750 in fees into 162,600 shares of common stock at a conversion price of $0.04615 per share.

SEC 10-Q•5mo ago