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American Picture House Corp

For the period ended Dec 31, 2025. Filed Mar 30, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 30, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31,2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from January 1, 2025, to December 31, 2025

COMMISSION FILE NO.000-56586

(Exact name of registrant as specified in its charter)

Wyoming

(State or other jurisdiction of incorporation)

7812

(Primary Standard Industrial Classification Code Number)

85-4154740

(IRS Employer Identification No.)

477 Madison Avenue, 6th Floor

New York, NY 10022

877-416-5558

(Address and telephone number of registrant’s executive office)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
NoneN/AN/A

Securities registered pursuant to Section 12(g) of the Act: Common Stock

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the registrant as required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated Filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant, as of June 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $14,538,150 based on a closing price of $0.198 as of such date. Solely for purposes of this disclosure, shares of common stock held by executive officers, directors, and beneficial holders of 10% or more of the outstanding common stock of the registrant as of such date have been excluded because such persons may be deemed to be affiliates.

As of March 25, 2026, the Registrant had 113,599,325 shares of common stock issued and outstanding.

TABLE OF CONTENTS

Page
PART I
Item 1Business2
Item 1ARisk Factors6
Item 1BUnresolved Staff Comments17
Item 1CCybersecurity17
Item 2Properties18
Item 3Legal Proceedings18
Item 4Mine Safety Disclosures18
PART II
Item 5Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities19
Item 6[Reserved]20
Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations20
Item 7AQuantitative and Qualitative Disclosures About Market Risk25
Item 8Financial Statements and Supplementary DataF-1
Item 9Changes in and Disagreements With Accountants on Accounting and Financial Disclosure26
Item 9AControls and Procedures26
Item 9BOther Information26
Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections26
PART III
Item 10Directors, Executive Officers, and Corporate Governance27
Item 11Executive Compensation30
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters31
Item 13Certain Relationships and Related Transactions, and Director Independence33
Item 14Principal Accountant Fees and Services34
PART IV
Item 15Exhibits and Financial Statement Schedules35
SIGNATURES37

I

Cautionary Note Regarding Forward-Looking Statements

This Annual Report on Form 10-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding our business strategy, planned and prospective film and limited series development, production and distribution activities, anticipated licensing and other revenue opportunities, capital resources, liquidity, ability to finance operations and projects, ability to consummate transactions and arrangements with third parties, anticipated operating results, and other statements that are not historical facts. Words such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “could,” “would,” “should,” “target,” “seek,” “potential,” “likely,” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on our current expectations, estimates and assumptions and are subject to significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that may cause actual results to differ materially include, among others: our ability to obtain and maintain adequate liquidity and access to capital; our ability to execute our business plan and develop and monetize film and limited series projects; the timing, availability and terms of financing arrangements, including any equity or debt financings; our ability to enter into, maintain and perform under distribution, licensing, talent, production and other third-party agreements; the performance of our content and the demand for filmed entertainment; production and completion risks, including scheduling, budget, personnel and supply-chain risks; risks relating to intellectual property and contractual rights; risks relating to litigation, claims or arbitration proceedings; and other risks and uncertainties described underItem 1A. Risk Factors and elsewhere in this Annual Report on Form 10-K.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Annual Report on Form 10-K. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this report, whether as a result of new information, future events, changed assumptions, or otherwise.

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