American Picture House Corporation (APHP) reported a significant decline in financial performance for the fiscal year ending December 31, 2024, with revenues of approximately $52,677, down from $201,059 in 2023. The company incurred a net loss of $2.27 million, compared to a loss of $1.37 million in the previous year, resulting in an accumulated deficit of approximately $7.3 million. The decrease in revenue was attributed primarily to a reduction in consulting services and licensing agreements, with the majority of 2024's revenue stemming from the film "Buffaloed."
In terms of operational changes, APHP has shifted its focus from providing consulting services to developing and producing content internally. The company has also engaged in strategic partnerships and acquisitions, including a loan agreement with Barron’s Cove Movie, LLC, and a senior loan agreement with PNP Movie, LLC, totaling $200,000 and $196,200, respectively. These loans are part of APHP's strategy to finance film production and development, although they also contribute to the company's financial liabilities, which increased to $1.19 million by the end of 2024.
The company has not reported any employees but relies on consultants for its operations. As of April 7, 2025, APHP had 112,399,325 common shares issued and outstanding, with a total of 332 shareholders. The company has also authorized 1,000,000 preferred shares, of which 3,829 are currently issued and outstanding. The CEO, Bannor Michael MacGregor, holds a significant portion of the voting rights, controlling approximately 97.75% of the voting power due to his ownership of Series A preferred shares.
Looking ahead, APHP anticipates continued operating losses as it invests in film production and development. The company plans to finance its operations through a combination of equity offerings and debt financing, although it faces substantial doubt about its ability to continue as a going concern without generating sufficient revenue. Management has indicated that it will explore additional funding sources to support its business objectives, including potential partnerships and acquisitions in the entertainment sector.
About American Picture House Corp
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