Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 127

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 127
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 liabilities,  losses on the conversion of note payable of $85,090, the amortization of debt discount of $21,297, and a $136,143 in depreciation and amortization expenses. The significant change in operating assets and liabilities were increases in accounts payable and accrued expenses of $35,450 and increases in accrued interest of $59,070.

Investing Activities

During the three months ended March 31, 2025, the Company paid an advance on the acquisition of a license agreement in the amount of $5,000.

The Company did not use any funds for investing activities during the three months ended March 31, 2024.

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Financing activities

Net cash provided in financing activities for the three months ended March 31, 2025, and 2024 was $(44,128) and $67,847, respectively, consisting of the following:

Three months ended March 31, 2025  2024        Proceeds from Unsecured loans   -   83,980 Proceeds from the issuance of Series Z Preferred Stock  15,000   - Proceeds from convertible notes  -   25,000 Bank overdraft  322   (1,808 )Proceeds from Secured Promissory Notes  -   43,000 Repayment of advances from related parties  (32,950 )  (41,325 )Repayment of Secured Promissory Notes  (10,500 )  - Repayment of Promissory Notes  -   (25,000 )Repayment of convertible notes  (16,000 )  (16,000 )Net cash provided by (used in) financing activities $(44,128 ) $67,847 

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. 

We have incurred losses since inception, resulting in accumulated deficits of $40,772,534 and $39,358,905 at March 31, 2025 and December 31, 2024, respectively, a working capital deficit of $6,679,251 and $5,324,664 as of March 31, 2025 and December 31, 2024, respectively, and future losses are anticipated. We also have debt that is currently