Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 670

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 5
Chunk 670
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,790 Proceeds from common stock and warrants  119,030   35,000 Proceeds from common stock issuable  15,700   - Proceeds from Series Z Preferred Stock  17,000     Proceeds from promissory notes  -   25,000 Proceeds from secured promissory notes  72,500   40,000 Proceeds from convertible notes  105,000   147,750 Proceeds from unsecured loans  -   - Proceeds from self-liquidating notes  -   - Repayments of advances from related parties  (96,076)  - Repayment of promissory Notes  (42,500)  - Repayment of convertible notes  (55,250)  (39,820)Net cash provided by financing activities $148,609  $227,228          Net (decrease) increase in cash $5,890   - Cash and cash equivalents, beginning of period  -   - Cash and cash equivalents , end of period $5,890  $-          Supplemental disclosure of cash flow information        Cash paid for interest $-  $- Cash paid for taxes $-  $-          Supplemental disclosure of non-cash financing activities        Conversion of convertible debt into common stock $333,466  $641,703          Preferred shares issued for acquisition of Maybacks     $7,000          Preferred shares issued for acquisition of License     $5,000,000 

 F-7Table of Contents

 AUTHENTIC HOLDINGS INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

NOTE 1 – DESCRIPTION OF BUSINESS AND GOING CONCERN Authentic Holdings Inc., formerly Global Fiber Technologies, Inc. ("the Company"), was incorporated in Nevada on March 25, 2005. Originally formed as a publishing company, the Company ceased its publishing operations in or around 2007.  After ceasing the publishing operations, the Company's operations consisted solely of utilizing the expertise of its board Members and outside agents to further the efforts of its advisory services business plan.  In 2011, the Company changed its’