Item 3. Legal Proceedings
ITEM
3. LEGAL PROCEEDINGS
The
Company is involved in pending arbitration proceedings arising out of certain consulting agreements. During 2025, demands for arbitration
were submitted to JAMS in Jonathan Sanger v. American Picture House Corporation (JAMS Case No. 5220010741) and Michael Jones
v. American Picture House Corporation (JAMS Case No. 5220010727). JAMS has advised the Company that the Jones matter has been consolidated
with the Sanger-caption matter under Case No. 5220010741. The Company disputes the claims asserted and reserves all rights, objections
and defenses, including with respect to commencement, service and arbitrability. Based on information currently available, management cannot conclude that a loss is probable and cannot reasonably estimate a possible loss or range of loss,
if any, at this time.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
18
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.