Legal Proceedings
−Removed: may from time to time be involved in various claims and legal proceedings of a nature we believe are normal and incidental to our business.
−Removed: These matters may include product liability, intellectual property, employment, personal injury cause by our employees, and other general
−Removed: Aside from the following, we are not presently a party to any legal proceedings that, in the opinion of our management, are likely
−Removed: to have a material adverse effect on our business.
−Removed: Regardless of outcome, litigation can have an adverse impact on us because of defense
−Removed: and settlement costs, diversion of management resources and other factors.
−Removed: Discontinuance
−Removed: of Pending Legal Proceeding
−Removed: May 9, 2025, the parties filed a stipulation of discontinuance with prejudice in the matter of Randall S.
−Removed: Bannor Michael
−Removed: MacGregor, Jeffery Katz, and Life Design Station International, Inc.
−Removed: (Supreme Court of New York, County of Kings, Index No.:
−Removed: 504677/2019),
−Removed: resulting in the permanent dismissal of the action and the bar against any future claims.
+Added: Potential JAMS arbitrations — consulting agreements.
+Added: After quarter-end,
+Added: JAMS administratively opened Jonathan Sanger v.
+Added: American Picture House Corporation (JAMS Case No.
+Added: 5220010741) and Michael Jones v.
+Added: Picture House Corporation (JAMS Case No.
+Added: APHP has objected that it has not been served under the agreements’ notice
+Added: clauses and requested that JAMS defer arbitrator selection/administration pending proof of contract-compliant service.
+Added: No arbitrator has
+Added: been appointed and no scheduling order has issued.
+Added: APHP reserves all rights and defenses, including a request to consolidate if both matters
+Added: are properly commenced.
have been no material changes to the risk factors described in our Annual Report on Form 10-K for the year ended December 31, 2024.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.