Note 5 – Produced & Licensed Content Costs (Film Projects)

DEVIL’S HALF-ACRE / ASK CHRISTINE, disposition of project rights. On March 11, 2025, the Company entered into an agreement pursuant to which it assigned to the Company’s past president, Alfred John Luessenhop, Jr. (“Luessenhop”) all of the Company’s and certain affiliated entities’ rights, title, and interest in the motion picture project DEVIL’S HALF-ACRE, and assigned the screenplay and option agreement for ASK CHRISTINE, in each case effective upon completion of Luessenhop’s transfer to the Company of 1,000,000 shares of the Company’s common stock (valued at $256,000). The Company also agreed to assign to Luessenhop the Company’s rights under certain software license and cloud services agreements, subject to the terms of the agreement.

BARRON’S COVE. Completed; Released. APHP acquired a first-priority recoupment/loan position related to this title in August 2025. The film was released in the U.S. on June 6, 2025 by Well Go USA. As reported by the producer/sales agent, a three-year U.S. streaming license with Paramount+ was executed in early October 2025.

BARRON’S COVE. Revenue collection and inter-party allocation. On December 29, 2025, the Company entered into Amendment No. 1 to its agreement with SSS Entertainment, LLC (“SSS”), which sets forth inter-party revenue collection and allocation mechanics for amounts actually received by the Company from exploitation of BARRON’S COVE. Under the amendment, the Company is entitled to receive 100% of Net Revenues until it has received an aggregate $1,150,000, after which Net Revenues are allocated 85% to SSS and 15% to the Company until SSS has received the specified recoupment amount, and thereafter 100% of subsequent Net Revenues are retained by the Company. The amendment also provides for quarterly statements and inspection rights and requires remittance timing for amounts payable to SSS. The amendment further acknowledges uncertainty relating to bankruptcy proceedings involving Yale Entertainment LLC and the potential impact on enforcement, priority, or timing of collections.

POSE. Completed Released. APHP earned an “in Association with” credit and holds an option to purchase a 24% ownership position through December 31, 2025, which would require an additional investment of $725,000 to exercise. As of September 30, 2025, the option had not been exercised. The Company carried this asset at $300,000 as of September 30, 2025.

THIEVES HIGHWAY. Completed Released. APHP earned an “In Association With” credits. The Company issued 250,000 shares to Mr. Sanghani as consideration attributed to this title in Q4 2025.

PROTECTOR. Completed Released. APHP earned an “In Association With” credits. The Company issued 250,000 shares to Mr. Sanghani as consideration attributed to this title in Q4 2025.

MOTION. In post-production. APHP anticipates co-producing and co-financing the film with SSS Entertainment.

Impairment Assessment. Management reviews produced and licensed content costs for impairment when events indicate that the carrying amount may not be recoverable. During 2025, the Company wrote off option rights related to COYOTE SLEEPS and recorded an impairment loss.