Company Summary: American Picture House Corporation (APHP)

Overview

• Type: Entertainment content development, production, and financing company
• Incorporation: Wyoming, originally incorporated in Nevada (2005)
• Business Focus:
  • Developing, financing, and producing feature films, limited series, and content-driven technologies
  • Emphasizes mid-budget productions where IP, pre-sales, and incentives back project financing
  • Partnering with filmmakers, showrunners, and technology firms to develop quality content with broad market appeal

Business Activities and Strategy

• Content Development:
  • Acquires or options intellectual properties (IP) including books, plays, and previously developed screenplays
  • Focuses on properties that have undergone initial development but were paused due to budget or strategic reasons
  • Enhances value by attaching experienced writers, high-profile talent, and securing international pre-sales, tax incentives, and grants
  • Develops comprehensive production and marketing materials (look books, artwork, reports)
• Production Lifecycle Involvement:
  • Participates in all stages: Development, Pre-Production, Production, Post-Production, and Distribution
• Financial Model:
  • Aims to structure deals to mitigate risk and attract third-party investment
  • Targets projects with intellectual property, pre-sold licensing agreements, and incentives that can cover most production costs
• Intellectual Property:
  • Owns copyrights and owns or options several screenplays (e.g., Thief, Ace in the Hole, Spread the Word)
  • Owns 50% of the IP for the film Buffaloed (2019) and holds revenue share through a collection management account
  • Holds contractual rights to upcoming projects like Turn Up The Sun! (renamed Pose) with a potential 24% beneficial ownership interest
• Film Financing:
  • Provides senior mezzanine loans for film projects (e.g., Barron’s Cove) and has extended loans to other entities
  • Has engaged in internal financing and loans to third parties to support production

Revenue and Financial Status

• Latest Fiscal Year End (2024):
  • Revenue: Approximately $52,677
  • Net Loss: Approximately $2.27 million
  • Accumulated Deficit: Approximately $7.3 million as of December 31, 2024
  • Cash and Cash Equivalents: Zero as of December 31, 2024 (was $203,971 in 2023)
• Annual Revenue Trend:
  • 2024 revenue declined significantly from 2023 (which was ~$201,059)
  • Revenue primarily from licensing Buffaloed and consulting arrangements
• Expenses:
  • Operating expenses were approximately $2.28 million in 2024 (up from about $1.53 million in 2023)
  • Major costs include general and administrative expenses, stock option expense, and legal/professional fees

Customers & Revenue Sources

• Contracts with clients for consulting services
  • Mostly derived from Buffaloed licensing revenue (~$53,000 in 2024)
  • Revenue from film licensing, rights distribution, and consulting, mainly from a few key projects
• No fixed number of customers specified, but revenue comes predominantly from licensing and sales associated with Buffaloed and one consulting customer
• Revenue from Buffaloed (a film) accounted for a significant part of the 2024 revenue

Employees & Management

• Employees: None directly employed; utilizes consultants
• Key Management & Directors:
  • Bannor Michael MacGregor: CEO, Chairman, significant shareholder (controls 21.05% of voting shares + owns all Series A preferred shares which have voting rights)
  • Other officers include President Jonathan Sanger, Secretary Donald J. Harris, and Treasurer Daniel Hirsch
  • Board has nine total members, with some independent directors

Ownership & Share Structure

• Common Shares: 112,399,325 issued and outstanding (as of April 7, 2025)
• Preferred Shares: 3,829 Series A preferred shares issued, with voting rights enabling control by the CEO (MacGregor)
• Major Shareholder: Bannor MacGregor controls over 97% of voting rights (due to Series A shares and common shares)
• Market: Shares trade OTC:QB, with a recent high of $0.350 and low of $0.145 in 2024

Revenue & Income Summary

• No profitability; the company reported net losses for 2023 and 2024
• 2024: Net loss of about $2.27 million
• The company has a substantial accumulated deficit (~$7.3 million)
• Revenue is minimal and primarily from licensing and consulting arrangements

Note: The company is in early stages with a focus on developing and financing film projects, with ongoing losses and limited current revenue. It relies heavily on loans and equity financing to fund operations.