Summary of Significant Accounting Policies (Policies) |
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||
| Basis of Presentation | Basis of Presentation
The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with U.S. GAAP and pursuant to the rules and regulations of the Securities and Exchange Commission applicable to interim financial statements. In the opinion of management, the interim financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the interim periods presented. The results for the interim period are not necessarily indicative of the results to be expected for the full year ending December 31, 2026. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2025.
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| Principles of Consolidation | Principles of Consolidation
The condensed consolidated financial statements include the accounts of American Picture House Corporation and its wholly owned subsidiaries, Devil’s Half-Acre, LLC and Ask Christine Productions, LLC. All intercompany balances and transactions have been eliminated in consolidation.
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| Use of Estimates | Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
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| Cash and Cash Equivalents | Cash and Cash Equivalents
Cash equivalents are short-term highly liquid investments with original maturities of three months or less when acquired. Checks issued in excess of available bank balances are classified as a book overdraft within accounts payable and accrued expenses.
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| Accounts Receivable | Accounts Receivable
Accounts receivable primarily consist of trade receivables due from customers for consulting services and from fees derived from licensing of IP to content providers worldwide. As of June 30, 2026, accounts receivable was related to the BUFFALOED CAMA (see Assigned Rights to feature film, BUFFALOED below) and collection service fees related to the Company’s contractual revenue collection rights to BARRON’S COVE. As of December 31, 2025, 100% of accounts receivable were due from collection service fees related to the Company’s contractual revenue collection rights under Amendment No. 1, dated December 29, 2025, to the Company’s agreement relating to BARRON’S COVE. Under that amendment, the Company is entitled to receive 100% of Net Revenues until it has received an aggregate of $1,150,000 (the “APHP Priority Amount”). There was no bad debt expense for the three and six months ended June 30, 2026 and 2025 and no additional allowance for doubtful accounts for the periods ended June 30, 2026 and December 31, 2025.
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| Produced and Licensed Content Costs | Produced and Licensed Content Costs
Capitalized production costs, whether produced or acquired/licensed rights, include development costs, direct costs and production overhead, and are subject to impairment evaluation when events or circumstances indicate the carrying value may not be recoverable. These amounts and licensed content are included in “Produced and Licensed Content Costs” on the balance sheet as follows:
BUFFALOED. Completed; Released. In November 2022, the Company obtained certain limited rights to the feature film BUFFALOED from Bold Crayon, Inc. (“BC”), including a secured position of a one million three hundred eighty-thousand-dollar ($1,380,000.00 USD) receivable against the film’s revenues as per the film’s Cash Asset Management Agreement (“CAMA”) and a % share of the profits generated thereafter (“the BC Assets”). During the three months ended June 30, 2026 and 2025, the Company reported revenues of $0 and $0, respectively, from the CAMA. During the six months ended June 30, 2026 and 2025, the Company reported revenues of $1,220 and $0, respectively, from the CAMA.
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 further acknowledges uncertainty relating to bankruptcy proceedings involving Yale Entertainment LLC and the potential impact on enforcement, priority, or timing of collections.
POSE. The Company’s POSE arrangement was restructured pursuant to the Multi-Film Investment and Compensation Agreement with SSS effective January 27, 2026.
THIEVES HIGHWAY. Completed; Released. APHP earned an “In Association With” credit.
PROTECTOR. Completed; Released. APHP earned an “In Association With” credit; PROTECTOR was released in U.S. theaters on March 6, 2026.
LAST TEMPTATION OF BECKY. Completed; not yet released. On May 26, 2026, the Company entered into a Master Investment and Co-Production Agreement with Becky III The Movie LLC and Russell Posternak (executed June 3, 2026) relating to the motion picture The Last Temptation of Becky (referred to in the agreement as “BECKY 3”). Under the agreement, the Company is entitled to a $360,000 senior equity recoupment preference, a participation in distribution fees, and related co-production and credit rights, in consideration of 250,000 shares of common stock and options to purchase 300,000 shares of common stock at an exercise price of $0.20 per share. The shares and options were issued on August 6, 2026; accordingly, no amount attributable to this title is included in produced and licensed content costs at June 30, 2026. See Note 9 – Subsequent Events. The picture had its world premiere at the Fantasia International Film Festival in Montreal on July 25, 2026 and is to be distributed by Quiver Distribution. As of the date of this report, no theatrical release date had been announced and the Company had collected no amounts in respect of its senior equity recoupment preference.
MOTION. In post-production. Pursuant to the Multi-Film Investment and Compensation Agreement with SSS Entertainment, LLC effective January 27, 2026, the Company agreed to provide a $500,000 funding amount relating to MOTION in exchange for an assigned economic interest attributable to such funding. The Company satisfied this funding obligation during the six months ended June 30, 2026 on a non-cash basis, and the related content interest is included in produced and licensed content costs at June 30, 2026. The Company is entitled to a production company credit pursuant to applicable agreements. As of the date of this report, no release date had been announced.
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| Intangible assets | Intangible assets
The Company’s intangible assets include in-service and under-development websites and licensed internal use software. The capitalized costs of the Company’s websites placed into service were subject to straight-line amortization over a three-year period. Amortization expense totaled $5,833 and $5,833 for the three months ended June 30, 2026 and 2025, respectively. Amortization expense totaled $11,667 and $11,667 for the six months ended June 30, 2026 and 2025, respectively.
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| Deferred Revenue | Deferred Revenue
Deferred revenue represents the amount billed to clients that has not yet been earned, pursuant to agreements entered into in current and prior periods. As of June 30, 2026 and December 31, 2025, total net deferred revenue was $50,000 and $50,000, respectively. The $50,000 in deferred revenue relates to the grant of a producer credit to a proposed film.
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| Revenues and Costs from Services and Products | Revenues and Costs from Services and Products
The Company’s revenue is derived from contracts with customers for consulting services and from the licensing and distribution of film and other entertainment rights. The Company has elected the ASC 606 “as invoiced” practical expedient with respect to its consulting services revenue. Revenue from films and licensed rights, including amounts received under cash asset management arrangements, is recognized when collection is deemed probable; ultimate revenues are estimated over a period not to exceed ten years following the date of initial release of the motion picture. Cost of revenues includes only those costs directly related to the services rendered. Revenues totaled $0 and $0 for the three months ended June 30, 2026 and 2025, respectively, and $1,220 and $0 for the six months ended June 30, 2026 and 2025, respectively. All revenue recognized during the three and six months ended June 30, 2026 and 2025 was derived from film and licensed rights arrangements; the Company had no consulting services revenue in either period. Contract liabilities consist solely of deferred revenue as disclosed above; the Company had no contract assets at June 30, 2026 or December 31, 2025.
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| Fair Value Measurements | Fair Value Measurements
The Company measures and discloses fair value in accordance with ASC Topic 820, Fair Value Measurements and Disclosures. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier fair-value hierarchy prioritizes the inputs used in measuring fair value: Level 1 – unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 – observable inputs other than quoted prices; and Level 3 – unobservable inputs. The carrying value of cash and cash equivalents and all other short-term monetary assets and liabilities are estimated to approximate their fair value due to the short-term nature of these instruments.
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| Valuation of Long-Lived Assets | Valuation of Long-Lived Assets
The Company evaluates whether events or circumstances have occurred which indicate that the carrying amounts of long-lived assets (principally produced and licensed content costs) may be impaired or not recoverable, and measures impairment based on the projected discounted cash flows of the asset over its remaining life.
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| Stock-Based Compensation |
The Company follows U.S. GAAP, which requires all stock-based compensation, including the grant of employee stock options, to be recognized in the statement of operations based on its fair value, recognized on a straight-line basis over the service period of each award. Refer to Note 6 for additional information.
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| Income taxes | Income taxes
The Company accounts for income taxes under FASB ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, measured using enacted tax rates. A tax position must be more-likely-than-not to be sustained upon examination for the related benefit to be recognized. The Company assesses its uncertain tax positions quarterly.
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| Net Loss Per Share |
Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share reflects the potential dilution from common stock equivalents only to the extent they are not anti-dilutive. For the three and six months ended June 30, 2026, potentially dilutive securities included Series A preferred shares and outstanding stock options.
In addition to the securities presented above, at June 30, 2026 the Company had outstanding convertible notes payable under which shares of common stock may be issued upon conversion. Because the conversion price is variable and is determined by reference to the market price of the Company’s common stock at the time of conversion, the number of shares issuable upon conversion is not determinable as of the reporting date and has therefore not been included in the table. The Company has reserved an initial shares of common stock for potential issuance upon conversion of the notes, subject to adjustment in accordance with their terms. See Note 4.
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| Segment Information | Segment Information
The Company operates as one reportable segment. The Company’s Chief Executive Officer serves as the chief operating decision maker.
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| Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements
Management has evaluated recently issued accounting pronouncements through the filing date of this Quarterly Report and determined that none are expected to have a material impact on the Company’s condensed consolidated financial statements, except as may be described in a finalized quarter-end memo.
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