Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 92

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 $45,982  $(67,847)         CASH FLOWS FROM INVESTING ACTIVITIES        Advance on acquisition of License  (5,000)  - Net cash used in investing activities $(5,000)  -          CASH FLOWS FROM FINANCING ACTIVITIES        Bank overdraft  322   (1,808)Proceeds from Series Z Preferred Stock  15,000     Proceeds from promissory notes  -   83,980 Proceeds from secured promissory notes  -   43,000 Repayment from secured promissory notes  (10,500)  - Proceeds from convertible notes  -   25,000 Repayments of advances from related parties  (32,950)  (41,325)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          Net (decrease) increase in cash $(3,146)  - Cash and cash equivalents, beginning of period  5,890   - Cash and cash equivalents , end of period $2,744  $-          Supplemental disclosure of cash flow information        Cash paid for interest $-  $-          Supplemental disclosure of non-cash financing activities        Conversion of convertible debt into common stock $13,774  $83,813          The accompanying notes are an integral part of these condensed consolidated financial statements.

 6Table of Contents

AUTHENTIC HOLDINGS INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2025

NOTE 1 – DESCRIPTION OF BUSINESS AND GOING CONCERN Authentic Holdings Inc., formerly Global Fiber Technologies, Inc. ("the Company"), was incorporated in Nevada on March 25, 2005. Originally formed as a publishing company, the Company ceased its publishing operations in or around 2007.  After ceasing the publishing operations, the Company's operations consisted solely of utilizing the expertise of its board Members and outside agents to further