Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 687

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 5
Chunk 687
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500,700 2026  700   500,000   500,700 2027  700   500,000   500,700 2028  700   500,000   500,700 2029  700   500,000   500,700    3,500   2,500,000   2,503,500 Thereafter  2,450   1,750,000   1,752,450   $5,950  $4,250,000  $4,255,950 

NOTE 7 – RELATED PARTY TRANSACTIONS On December 31, 2024, and 2023, the Company had accumulated balances due its President, Chris Giordano and its CEO, Paul Serbiak in the amounts of $479,533 and $560,799, respectively. During 2024, the Company received $14,831 in new advances from related parties for operating expenses and repaid $96,077. During 2023, the Company received net cash proceeds of $182,593 from its CEO Paul Serbiak and President Chris Giordano for operating expenses. Promissory Notes Payable – related party On June 18, 2019, the Company issued a promissory note at a principal amount of $447,150 as part of the consideration for the acquisition of assets from AH Originals, Inc., a corporation controlled by the same owner-group of Global Fiber Technologies, Inc. The promissory note bears 3% interest per annum and has a one-year term with eight options to extend the maturity date for three-month periods. Accrued interest on December 31, 2024, and 2023 amounted to $75,224 and $61,809, respectively. Convertible Notes Payable – related party  In August 2015, the Company issued an unsecured promissory note to an investor in the amount of $50,000, convertible to common stock at $1.00 per share. The note bears an interest rate of 8% per annum and matured on August 8, 2016. The note is currently unpaid and in default. The note does not contain a beneficial conversion feature. Accrued interest on December 31, 2024 and 2023 amounted to $39,568 and $37,068, respectively. Related Party