AERA — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-20

• § significant management turnover and our ability to attract and retain qualified executive officers and key personnel;

• § substantial dilution to existing stockholders from the issuance of convertible notes, equity financings, and the $30 million equity purchase agreement;

• § risks related to our operations and uncertainties related to our business plan and business strategy, including our ability to successfully commercialize our AI-powered uFilm platform and short-form drama content for AI training;

• During the three months ended May 31, 2026, we experienced changes in executive leadership. Dr. Ahmad Moradi resigned as Chief Executive Officer on May 7, 2026, and subsequent to the end of the quarter, Mr. Dzmitry Kastahorau resigned as Chief Financial Officer on June 3, 2026. We also entered into …

• The decrease in revenue for the three months ended May 31, 2026, compared to the three months ended May 31, 2025, was primarily attributable to the absence of revenue from the sale of movie copyrights to related and third parties, as well as lower revenue from embedded marketing services and broadca…

Text removed vs the prior filing · source: 10-Q · 2026-04-14

• § risks related to our operations and uncertainties related to our business plan and business strategy;

• The year-over-year growth resulted from the combined impact of: (i) new licensing streams, including short-form drama for AI training pilots $877,319 and the uFilm platform $280,127, (ii) expanded broadcast/download licensing, (iii) higher embedded marketing and consulting services, and (iv) continu…

• Operation of our movie theatre started in October of 2022. For the six months ended February 28, 2026, we generated total revenue of $113,805, including $78,377 from ticket sales, and $30,030 from food and beverage sales and $5,398 from advertisement. For the six months ended February 28, 2025, we g…

• For the three months ended February 28, 2026, we generated total revenue of $76,396, including $54,713 from ticket sales, and $17,176 from food and beverage sales and $4,507 from advertisement. For the three months ended February 28, 2025, we generated total revenue of $84,715, including $56,103 fro…

• We experienced a decrease in theatre operating costs for the three months ended February 28, 2026 as compared to the six months ended February 28, 2025. The decrease was mainly due to the decrease in admission revenues and the decrease in movie exhibition costs as a percentage of admission revenue. …

Text added vs the prior filing · source: 10-Q · 2026-07-20

• Our business, financial condition, and results of operations could be adversely affected by any of the risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended August 31, 2025, as updated in our Registration Statement on Form S-1 fil…

• Investors and prospective investors should carefully consider these risks, together with the information contained in the section captioned “Forward-Looking Statements” and elsewhere in this Quarterly Report, before deciding whether to invest in our securities. The risks described below and in our p…

• During and subsequent to the quarter ended May 31, 2026, we experienced significant changes in our executive leadership. Our former Chief Executive Officer resigned on May 7, 2026, and our former Chief Financial Officer resigned on June 3, 2026. These changes, and any future turnover in key manageme…

• We have raised, and may continue to raise, capital through the issuance of common stock, convertible notes, and other equity-linked securities. These financings have resulted, and will likely continue to result, in substantial dilution to existing stockholders. In addition, the conversion of outstan…

Text removed vs the prior filing · source: 10-Q · 2026-04-14

• If any of the events or circumstances described in the risk factors contained in our Annual Report on Form 10-K for the fiscal year ended August 31, 2025, as updated in our Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 23, 2026, occur, our business, fi…