ABQQ · AB International Group Corp.

Summary

AI Era Corp. (formerly AB International Group Corp.), a Nevada corporation founded in 2013 and headquartered in Mt. Kisco, NY, is an intellectual property investment, acquisition, and licensing company focused on the entertainment media sector. It acquires copyrights and broadcast rights for movies, television series, and short-form drama series, monetizing through sales, licensing (broadcast/download), embedded marketing, and AI-based consulting services. The company also operates the Mt. Kisco Theatre, generating revenue from admissions, concessions, and ads. In FY2025 (ended Aug 31, 2025), revenue reached $6.37 million (up 93% YoY), driven by IP licensing ($6.08M) and cinema ($0.29M), with net income of $1.46 million. Q1 FY2026 revenue was $1.52 million, net income $0.36 million. However, as of Nov 30, 2025, cash was $11,766, accumulated deficit ~$10 million, working capital deficit ~$2.6 million, raising going concern doubts. This S-1 registers up to 10,100,000 common shares (10M Purchase Shares + 100K Commitment Shares) for resale by Monroe Street Capital Partners, LP under a Feb 21, 2026 Equity Purchase Agreement committing up to $30 million over 24 months (at 85-95% VWAP discounts). Proceeds (if any from sales to Selling Stockholder) fund working capital, IP expansion, AI development (ufilm IP launched Feb 2026 generating $280K initial revenue), cinema ops, and acquisitions. The filing enables flexible non-dilutive liquidity amid growth in AI media licensing (post-period $1.16M revenue), addressing funding needs while exposing dilution risks from discounted issuances.

Key takeaways

• Acquires/monetizes copyrights for movies/TV/short-form dramas; FY2025 revenue $6.37M (IP segment $6.08M, up 112% YoY); operates Mt. Kisco Theatre ($0.29M revenue).
• Q1 FY2026 revenue $1.52M (IP $1.49M), net income $0.36M; Nov 30, 2025 cash $11,766, working capital deficit $2.6M, accumulated deficit $10M.
• S-1 registers 10,100,000 shares resale by Monroe Street Capital under $30M/24-month equity line (Feb 21, 2026; 85-95% VWAP, min $25K/max $500K per Put).
• Use of proceeds: working capital, IP/AI expansion (ufilm IP delivered Jan 12, 2026; $280K Feb revenue from Uflix.ai), cinema, acquisitions.
• Chiyuan Deng holds 100,000 Series A preferred (51% voting power), 49.99% common; going concern doubt due to low cash/deficits.
• AI pilots post-Nov 2025: $877K upfront fees scaling library to 10,577 series; total post-period AI revenue $1.16M.
• Key risks: customer concentration (Q1 36%/28%/22% from 3 customers), convertible notes dilution/defaults, AI regulatory/IP litigation, cinema competition.