Company: AHRO
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001477932-25-008590
Chunk: 133

Company: Authentic Holdings, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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, and increased sponsorships of $10,000. 

General and administrative expenses increased by $463,679 for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024. The increase resulted primarily from increased royalty of $52,781 due under the terms of the Maybacks acquisition agreement, increased salary expense of $262,503, and increased sponsorships of $75,000, offset by a decrease in advertising and promotional expenses of $41,014. Beginning in October 2024, the Company began accruing a salary expense of $350,000 per annum for the Chris Giordano, the Company President.

Depreciation and amortization decreased by $123,888 for the three months ended September 30, 2025, compared to the three months ended September 30, 2024. Depreciation and amortization decreased by $207,242 for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024. The decrease was primarily due to the Company’s purchase of various full-length motion pictures and serial television shows (the “Assets”) that had been previously licensed from Goliath. The purchased assets are not being depreciated or amortized.

Research and development increased by $20,733 for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024 was due to an increase of about $19,000 in NTF Platform fees. 

Other Income (Expenses)

Net other income totaled $49,225 for the three months ended September 30, 2025, compared to net other expense of $193,048 for the three months ended September 30, 2024. Net other expense totaled $394,239 for the nine months ended September 30, 2025, compared to net other income of $81,664 for the nine months ended September 30, 2024. The increases and decreases in other income and other expenses during both periods in 2025 primarily resulted from the change in the fair value of derivative liabilities.

Net Income (Loss)

We recorded a net loss of $57,629 for the three months ended September 30, 2025, compared to a net loss of $360,993 for the three months ended September 30, 2024.  We recorded a net loss of $1,081,757 for the nine months ended September