Ilustrato Pictures International Files 2023 Annual Report

Ticker: ILUS · Form: 10-K · Filed: May 1, 2024 · CIK: 1496383

Sentiment: neutral

Topics: annual-report, filing, company-information

TL;DR

Ilustrato Pictures Intl filed its 2023 10-K. Common stock registered under 12(g), no 12(b) listings.

AI Summary

Ilustrato Pictures International, Inc. filed its annual report for the fiscal year ended December 31, 2023. The company is incorporated in Nevada and has its principal executive offices at 26 Broadway, Suite 934, New York, NY 10004. Its common stock, with a par value of $0.001, is registered under Section 12(g) of the Securities Exchange Act of 1934, but no securities are registered under Section 12(b). The company confirmed it has filed all required reports for the preceding 12 months and 90 days.

Why It Matters

This filing provides investors with the company's official financial performance and operational status for the 2023 fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not contain immediate red flags or significant new risks beyond typical business operations.

Key Numbers

Key Players & Entities

FAQ

What is the fiscal year end date for Ilustrato Pictures International, Inc.'s annual report?

The fiscal year end date is December 31, 2023.

In which state is Ilustrato Pictures International, Inc. incorporated?

Ilustrato Pictures International, Inc. is incorporated in Nevada.

What is the address of the registrant's principal executive offices?

The address is 26 Broadway, Suite 934, New York, NY 10004.

Are any of Ilustrato Pictures International, Inc.'s securities registered under Section 12(b) of the Securities Exchange Act of 1934?

No, the filing states that no securities are registered pursuant to Section 12(b) of the Act.

What is the par value of Ilustrato Pictures International, Inc.'s common stock?

The par value of the common stock is $0.001.

Filing Stats: 4,261 words · 17 min read · ~14 pages · Grade level 14.4 · Accepted 2024-05-01 17:22:55

Key Financial Figures

Filing Documents

BUSINESS

BUSINESS 1 ITEM 1A.

RISK FACTORS

RISK FACTORS 26 ITEM 1B. UNRESOLVED STAFF COMMENTS 51 ITEM 2.

PROPERTIES

PROPERTIES 51 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 52 ITEM 4. MINE SAFETY DISCLOSURES 53 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 54 ITEM 6. [RESERVED] 64 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 64 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 72 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 72 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 73 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 73 ITEM 9B. OTHER INFORMATION 73 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 73 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE 74 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 78 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 85 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 86 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 87 PART IV ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 88

SIGNATURES

SIGNATURES i CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS Some of the statements contained in this registration "ILUS," "we," "us" or "our") discuss future expectations, contain projections of our plan of operation or financial condition or state other forward-looking information. In this registration statement, forward-looking statements are generally identified by the words such as "anticipate," "plan," "believe," "expect," "estimate" and the like. Forward-looking statements involve future risks and uncertainties, there are factors that could cause actual results or plans to differ materially from those expressed or implied. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. A reader should not place undue reliance on these forward-looking statements, which apply only as of the date of this registration statement. Important factors that may cause actual results to differ from projections include, for example: the success or failure of management's efforts to implement the Company's business plan; the ability of the Company to fund its operating expenses; the ability of the Company to compete with other companies that have a similar business plan; the effect of changing economic conditions impacting our plan of operation; the ability of the Company to meet the other risks as may be described in future filings with the SEC. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10-K to be accurate as of the date hereof. Changes may occur after that date. We will no

BUSINESS

ITEM 1. BUSINESS Business Overview ILUS is a corporation registered in Nevada and operating out of New York and Dubai. The company is primarily focused on delivering value to its shareholders through innovation and growth. It has acquired and integrated businesses in the global industries of technology, engineering, and manufacturing, with a specific focus on public safety. ILUS has a strong history of developing and manufacturing Emergency Services products, including Emergency Response vehicles, Special Vehicle conversions, Commercial EVs, and IoT Technology. Additionally, the company intends to acquire complimentary companies that have disruptive technology and strong management, with the potential for rapid growth that may benefit from cross-pollination of territories, products, and skills offered by our other group companies. ILUS operates as a holding company, leveraging its subsidiaries to engage in public safety, technology, engineering, and manufacturing. Each of these subsidiaries is assessed individually based on their performance and operates with relative autonomy. ILUS either wholly owns or has a controlling stake in each of its subsidiaries. The company's strategic objective is to acquire manufacturing capabilities, routes to market, and technological advancements in well-defined geographic, demographic, and/or product niches within the business sectors it has targeted. Organizational Structure The following diagram represents our organizational structure, where ILUS serves as the parent company, and its subsidiaries undertake primary operations. These subsidiaries, depicted in the figure below, are divided into two separate divisions, each housed within its own public entity called Special Purpose Vehicles (SPVs). The SPVs are designed to fulfill each division's distinct business purpose and activity. The divisions are listed below, followed by the graphic: 1. Emergency Response Technologies ("SAML") 2. Industrial & Manufacturing ("QIND"

, Item 7. Management's Discussion

Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

, Item 8. Financial Statements and Supplementary

Part II, Item 8. Financial Statements and Supplementary Data

, Item 15. Financial Statement Schedules

Part IV, Item 15. Financial Statement Schedules and Footnotes 3 In addition, the Company's Auditor has provided a new Audit Report as of the date of this filing in connection with this Form 10-K. Corporate Offices Our offices are located at the following locations: 1. 26 Broadway, Suite 934, New York, NY 10004 2. Al Marsa Street 66, 11 th Floor, Office 1105, Dubai Marina P.O. Box 32923, Dubai Our primary office telephone number is +1 917-522-3202. Our website address is https://ilus-group.com and our email address is ir@ilus-group.com. Information contained on, or accessible through, our website is not a part of, and is not incorporated by reference into this Form 10-K. Intellectual Property The following overview concerns the intellectual property matters of our company and its subsidiaries. Specific detail as to each subsidiary, if applicable, is contained in the section titled "Our Operating Subsidiaries" below. Patents and other proprietary rights are important to our business and can provide us with a competitive advantage. We also rely on trade secrets, design and manufacturing know-how, continuing technological innovations, and licensing opportunities to maintain and improve our competitive position. While the Company uses reasonable efforts to protect its trade and business secrets, the Company cannot assure that its employees, consultants, contractors, or advisors will not, unintentionally, or willfully, disclose the Company's trade secrets to competitors or other third parties. In addition, courts outside the United States are sometimes less willing to protect trade secrets. Moreover, the Company's competitors may independently develop equivalent knowledge, methods, and know-how. We periodically review third-party proprietary rights, including patents and patent applications, to avoid infringement on third-party proprietary rights and protect our own, identify licensing or partnership opportunities and monitor the intellectual property cla

View Full Filing

View this 10-K filing on SEC EDGAR

View on Read The Filing