Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 141

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 11
Chunk 141
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 15. Exhibits, Financial Statement Schedules

 37Table of Contents

AUTHENTIC HOLDINGS, INC.

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

CONTENTS

  Page   Report of Independent Registered Public Accounting Firm F-2   Consolidated Balance Sheets as of December 31, 2024 and 2023 F-4   Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023 F-5   Consolidated Statements of Stockholders’ Deficit for the Years Ended December 31, 2024 and 2023 F-6   Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023 F-7   Notes to Consolidated Financial Statements F-8

 F-1Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors,

Authentic Holdings, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Authentic Holdings, Inc., and its subsidiaries (collectively referred to as “the Company”) as of December 31, 2024, December 31, 2023, and the related consolidated statements of operations, stockholders’ deficit, and cash flows for the two years then ended December 31, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, December 31, 2023, and the results of its operations and its cash flows for the two years then ended, are in conformity with accounting principles generally accepted in the United States of America.

Substantial Doubt about the Company's ability to continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1, Going Concern to the consolidated financial statements, the Company has suffered recurring operating losses, had a working capital deficit of $5,324,665, as of December 31, 2024, an accumulated deficit of $39,358,905, and $38,038,768 as of December 31, 2023, and December 31,