Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 609

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 4
Chunk 609
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        Bank overdraft  (1,626)  1,508 Advances from related parties  14,831   17,790 Proceeds from common stock and warrants  119,030   35,000 Proceeds from common stock issuable  15,700   - Proceeds from Series Z Preferred Stock  17,000     Proceeds from promissory notes  -   25,000 Proceeds from secured promissory notes  72,500   40,000 Proceeds from convertible notes  105,000   147,750 Proceeds from unsecured loans  -   - Proceeds from self-liquidating notes  -   - Repayments of advances from related parties  (96,076)  - Repayment of promissory Notes  (42,500)  - Repayment of convertible notes  (55,250)  (39,820)Net cash provided by financing activities $148,609  $227,228          Net (decrease) increase in cash $5,890   - Cash and cash equivalents, beginning of period  -   - Cash and cash equivalents , end of period $5,890  $-          Supplemental disclosure of cash flow information        Cash paid for interest $-  $- Cash paid for taxes $-  $-          Supplemental disclosure of non-cash financing activities        Conversion of convertible debt into common stock $333,466  $641,703          Preferred shares issued for acquisition of Maybacks     $7,000          Preferred shares issued for acquisition of License     $5,000,000 

 F-7Table of Contents

 AUTHENTIC HOLDINGS INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

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