UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-13387 Mega Matrix Corp. (Exact name of Registrant as Specified in Its Charter) | Delaware | 94-3263974 | | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13387 MEGA MATRIX CORP. (Exact name of registrant as specified in its charter) | Delaware | 94-3263974 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13387 MEGA MATRIX CORP. (Exact name of registrant as specified in its charter) | Delaware | 94-3263974 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | ...

Commission File Number: 001-13387 MEGA MATRIX CORP. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Delaware | 94-3263974 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-13387 Mega Matrix Corp. (formerly known as AeroCentury Corp.) (Exact name of Registrant as Specified in Its Cha ...

For the quarterly period ended September 30, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q Commission File Number: 001-13387 AEROCENTURY CORP. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: | | | Name of each exchange on which | | --- | --- | --- | | Title of Each Class | Tr ...

Financial Performance - The company reported a net loss of $3.2 million for Q2 2021, compared to a net loss of $13.5 million in Q2 2020, resulting in a basic and diluted loss per share of $(2.07) and $(8.74), respectively[156]. - Revenues and other income decreased by 66% to $1.5 million in Q2 2021 from $4.4 million in Q2 2020, primarily due to a 66% decrease in operating lease revenues[163]. - Total expenses decreased by 76% to $4.7 million in Q2 2021 from $19.2 million in Q2 2020, driven by reductions in asset impairment losses, interest expense, and general administrative expenses[165]. - Revenues and other income decreased by 56% to $4.0 million in the first six months of 2021 from $9.2 million in the same period of 2020[172]. - Total expenses decreased by 66% to $12.6 million in the first six months of 2021 from $36.9 million in the same period of 2020[173]. Chapter 11 Bankruptcy and Reorganization - The company has entered into a definitive agreement for a plan of reorganization to exit Chapter 11, providing $11 million in equity financing[149]. - The Company filed for Chapter 11 bankruptcy on March 29, 2021, and resolved $13.4 million in financing debt through the sale of its ACY E-175 LLC subsidiary, generating $2.1 million in cash proceeds[213]. - The Company recorded $1.0 million of reorganization costs in the first six months of 2021 due to its Chapter 11 filing[178]. - The Bankruptcy Court has scheduled a hearing on August 31, 2021, to consider the approval of the Plan Sponsor Agreement[215]. - The Company has entered into a Plan Sponsor Agreement for a capital investment, contingent upon Bankruptcy Court approval and exiting Chapter 11, with no assurance of compliance with closing conditions[232]. Asset Management and Inventory - The company ended Q2 2021 with a total of ten aircraft and an inventory of spare parts held for sale, with a net book value of approximately $53 million[157]. - The company reclassified all aircraft from held for lease to held for sale due to its Chapter 11 filing, consisting of seven regional jet aircraft and three turboprop aircraft[158]. - The Company recorded impairment charges totaling $2.3 million on five assets held for sale in Q2 2021, compared to $9.7 million in the same period of 2020[166]. - The Company recorded an impairment loss of $1.94 million in Q1 2021 related to the sale of part-out assets for $290,000[162]. Cash Flow and Financing - The Company’s cash flow from operations increased by $1.7 million in the first six months of 2021 compared to the same period in 2020, primarily due to decreases in interest and maintenance payments[203]. - The Company received net cash of $11.8 million from asset sales in the first six months of 2021, compared to $3.2 million in the same period of 2020[208]. - Payments made for interest decreased by $2.6 million in the first half of 2021 due to the deferral of interest on the Company's Drake Indebtedness[204]. - The Company was granted a second PPP Loan of $170,002 in February 2021, maturing on February 11, 2026, with an interest rate of 1.00% per annum[193]. Shareholder Impact and Stock Performance - A cash dividend distribution of $1 million will be made to Legacy ACY Shareholders, funded from the purchase price paid by the Plan Sponsor for the New ACY Shares[147]. - The proposed reorganization plan will result in existing shareholders holding only 35% of the recapitalized Company post-exit[225]. - The issuance of 2,857,143 shares of Common Stock to the Plan Sponsor at $3.85 will dilute existing stockholders' interest to 35%[233]. - The Company’s common stock may decrease in value or become worthless during the Chapter 11 process, with trading being highly speculative[220]. Risks and Uncertainties - The Company may face significant risks and uncertainties during the Chapter 11 process, potentially affecting relationships with suppliers, customers, and employees[224]. - If the Plan Sponsor Agreement is not approved, the Company may transition to a liquidation plan, leading to potential loss of investment for common stockholders[220]. - The Company’s future operations and financial forecasts are highly speculative due to the impact of the COVID-19 pandemic on the aviation industry[229]. - The ongoing COVID-19 Pandemic has caused a dramatic decrease in passenger loads, leading to significant cash flow issues for airlines and impacting the Company's lease obligations[236]. - The Company faces risks from a downturn in the global economy, which could reduce demand for air travel and subsequently affect aircraft leasing[237]. Compliance and Regulatory Issues - The Company received a deficiency letter from NYSE American on September 11, 2020, due to a stockholders' equity deficiency as of June 30, 2020, combined with net losses for the fiscal years ended December 31, 2018, and December 31, 2019[273]. - The Company is required to meet a minimum stockholders' equity threshold of $4.0 million due to reported losses in three of its four most recent fiscal years[274]. - The Company submitted a detailed compliance plan to NYSE American to regain compliance within 18 months of receiving the deficiency letter[275]. - If the Company fails to comply by the end of the 18-month period, its common stock could be de-listed, significantly impacting liquidity and market price[276]. Operational Challenges - The Company may incur unexpected maintenance or repair expenses not covered by lessees, particularly in foreign countries affected by trade wars[262]. - The Company has adopted measures to ensure lessees maintain required insurance coverage, but there may still be uninsured losses or liabilities[269]. - Cybersecurity risks could temporarily impede operations, but the Company believes it has sufficient measures in place to mitigate potential financial impacts[272]. - The Company identified a material weakness in its internal control over financial reporting related to tax review control for complex transactions[283]. - Management is enhancing its tax review control for unusual transactions, but effectiveness has not been determined as of June 30, 2021[284].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-13387 AeroCentury Corp. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) AL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 SITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-13387 AeroCentury Corp. (Exact name of Registrant as Specified in Its Charter) Delaware 94-3263974 (State or Other Jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-13387 AeroCentury Corp. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdi ...