Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 133

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 133
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Operating activities                                                                                                                  

Net cash provided by our operating activities was $4,094 during the six months ended June 30, 2025 and consisted of the net loss of $1,024,138 offset by the non-cash items for the six months ended June 30, 2025, of $312,682 change in fair value of derivative liabilities, bad debt expense of $11,480, loss on the conversion of convertible debt of $8,221, finance costs associated with the issuance of debt of $5,600, the amortization of debt discount of $1,709, and amortization of intangible assets of $185,554, and, the significant change in operating assets and liabilities were decreases in accounts receivable of $95,947, increases in accounts payable and accrued expenses of $297,388, and increases in accrued interest of $115,251.

Net cash used in operating activities was $120,116 during the six months ended June 30, 2024 and consisted of the net loss of $151,861 and a $439,515 change in the fair value of derivative liabilities, mainly offset by the amortization of intangible assets of $251,224. Net cash used in operating activities was $336,107 during the six months ended June 30, 2023 and consisted of the net loss of $227,532 offset by the non-cash items for the six months ended June 30, 2023, of $298,477 change in change in fair value of derivative liabilities offset by the gain on derivative liabilities due to conversion of note payable, and a $22,954 decrease in depreciation and amortization expenses.

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Investing Activities

During the six months ended June 30, 2025, the Company paid an advance on the acquisition of a license agreement in the amount of $5,000 and incurred capitalized website costs of $1,400.

The Company did not use any funds for investing activities during the six months ended June 30, 2024.

Financing activities

Net cash provided by or (Used in) financing activities for the six months ended June 30, 2025, and 2024 was $(858) and $120,116, respectively, consisting of the following:

  2025  2024 Bank overdraft $240  $(1,626)Proceeds from Series Z Preferred