Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 48

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 distribution partnerships. The Company has determined the value of the consideration paid for the Assets to be $10,790,000.

 21Table of Contents

Estimated future amortization for the above acquisitions are as follows:    Maybacks     Customers  2025 $350 2026  700 2027  700 2028  700 2029  700    3,150 Thereafter  2,450   $5,600 

NOTE 7 – RELATED PARTY TRANSACTIONS On June 30, 2025 and December 31, 2024, the Company had accumulated balances due its President, Chris Giordano and its CEO, Paul Serbiak in the amounts of $443,335 and $479,533, respectively. During the six months ended June 30, 2025, the Company repaid $56,198 and proceeds of $20,000 were received from its President, Chris Giordano.During the six months ended June 30, 2024, net cash repayments of $53,988 and proceeds of $33,888 respectively were received from related parties 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 June 30, 2025 and December 31, 2024, amounted to $81,931 and $75,224, 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 June 30, 2025 and December 31, 2024 amounted to $40,818 and $39,