Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 72

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
251 and limited cash resources. The Company has several promissory notes in default, including convertible notes with face values of $1,441,304, secured promissory notes with face values of $92,061, related party promissory notes with face values of $1,255,977 and self-liquidating promissory notes of $134,583. These factors raise doubts about the Company’s ability to continue as a going concern within the next year. 

The Company's ability to continue as a going concern depends on its ability to repay or settle its current indebtedness, generate positive cash flow, and raise capital through equity and debt financing or other means on favorable terms. If the Company cannot obtain additional funds when required or on favorable terms, management may be necessary to restructure the Company or cease operations.

The Company has never declared bankruptcy or been in receivership. The Company has earned minimal revenues and has limited cash on hand. The Company has sustained losses since inception and has primarily relied upon the sale of its securities and loans from related parties and outside parties for funding.

Our address is 55 Madison Ave STE 400, Morristown, NJ 07960. Our corporate website is https://authenticholdingsinc.com.

 24Table of Contents

Results of Operations for the Three Months Ended March 31, 2025 and 2024.

Revenue

We earned revenue of $153,314 for the three months ended March 31, 2025, as compared with $40,240 for the three months ended March 31, 2024. 

Maybacks continues to enter into agreements to expand the markets for its movie and TV programming and agreements for advertising spots. We expect to achieve increased revenues in future quarters from these efforts as well as the efforts discussed below. 

Subsequent to the reporting period, we acquired the Assets from Goliath Motion Pictures Promotions for content distribution on the Maybacks Global Entertainment network.  The Goliath acquisition is expected to allow us to become both vertically and horizontally integrated and give Maybacks the ability to create several different revenue sources apart from ad revenue. We further expect Video on Demand will become part of the revenue model as a result of the acquisition, as well as the ability to monetize our content library in conjunction with other distributors of content. Our partnership with Whale TV is an example. Whale TV is an operating system developer whose OS is in over 400 different Smart TV manufacturers across 41 million plus homes. Our partnership with