Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 642

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 5
Chunk 642
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 fair value of derivative liabilities, offset by the other non-cash items for the year ended December 31, 2024, loss on conversion of convertible debt of $97,125, depreciation of $21,721and amortization of $542,572. The significant change in operating assets and liabilities was the charge to operations in the amount of $625,000 for the write off of inventory advances, $235,652 in accounts payable, and accrued interest increased $212,494, offset by a decrease in accounts receivable of $201,628.

Net cash used in operating activities was $227,228 during the year ended December 31, 2023 and consisted of the net loss of $(1,658,455) offset by the non-cash items for the year ended December 31, 2023, of $(1,043,345) change in change in fair value of derivative liabilities, loss on conversion of convertible debt of $452,472, depreciation of $46,485, amortization of $254,151, derivative expense of $239,028 and commitment shares issued of $26,642. The significant change in operating assets and liabilities was $168,497 in accounts payable, and accrued interest increased $219,385.

Investing Activities

During 2024, the Company received a license from Salci Sports Entertainment for $15,000 in cash and rights to a website from A Heroes for $1,000 in cash. The Company did not use any funds for investing activities during the year ended December 31, 2023.

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Financing activities

Net cash provided in financing activities for the year ended December 31, 2024 and 2023 was $148,609 and $227,228, respectively, consisting of the following:

Year ended December 31, 2024  2023 Bank overdraft $(1,626) $1,508 Net advances from related parties  (81,245 )  17,790 Repayment of promissory notes  (42,500)  25,000 Proceeds from secured promissory notes  72,500   40,000 Proceeds from issuance of common stock and warrants  119,030   35,000 Proceeds from common stock issuable  15,700   - Net proceeds from convertible notes  49,750   107,930 Proceeds from Series Z