移动图像技术公司2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d)of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during the preceding12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☒No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b‑2 of the Exchange Act. Acceleratedfiler☐Smallerreportingcompany☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financialreporting under Section404(b)of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b‑2 of the Act). Yes☐No☒ As of December 31,2024, the last business day of the registrant’s most recently completed second fiscal quarter; the aggregate market value of the registrant’s common stock(based on its reported last sale price on the NYSE American on December 31,2024of $0.65) held by non–affiliates of the registrant was approximately $4.1million. As of September 26, 2025, there were9,939,080Shares of the registrant’s common stock, par value $0.00001 per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE None. TABLE OF CONTENTS PagePARTIItem1.Business2Item1A.Risk Factors8Item1B.Unresolved Staff Comments18Item2.Properties19Item3.Legal Proceedings19Item4.Mine Safety Disclosures19PARTIIItem5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities19Item6.Reserved20Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item7A.Quantitative and Qualitative Disclosures About Market Risk27Item8.Financial Statements and Supplementary Data27Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure27Item9A.Controls and Procedures27Item9B.Other Information28Item9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections28PARTIIIItem10.Directors, Executive Officers and Corporate Governance29Item11.Executive Compensation33Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters36Item13.Certain Relationships and Related Transactions, and Director Independence38Item14.Principal Accounting Fees and Services39PARTIVItem15.Exhibits, Financial Statement Schedules40Item16.Form10‑K Summary40i Table of Contents Unless the context otherwise requires, we use the terms“MiT”,“Company”,“we”,“us”and“our”in this Annual Report on Form10‑K (“Report”) refer to Moving iMageTechnologies,Inc., a Delaware corporation, and its wholly-owned subsidiaries, Moving iMage Technologies LLC and MiTAcquisition Co, LLC dba Caddy Products. PARTI CAUTIONARY NOTEREGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form10‑K ("Annual Report")contains forward-looking statements that are based on our beliefs and assumptions and on information currentlyavailable to us. The forward-looking statements are contained principally in “Business,” “Risk Factors,” and “Management’s Discussion and Analysis of Financial Condition andResults of Operations.” Forward-looking statements include information concerning our