Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 954

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 9
Chunk 954
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NOTE 4 – NOTES PAYABLE Unsecured Notes Payable Unsecured notes consist of various notes accruing interest ranging from 5% to 17%.  All notes are currently in default. The following summarizes these notes:   December 31,   2024  2023 Unsecured notes payable $99,700  $99,700 Accrued interest  65,235   60,250   $164,935  $159,950  Convertible Notes Payable  As of December 31, 2024, and 2023 convertible notes outstanding $1,338,536 and $1,338,536 respectively.   December 31   2024  2023 Principal balances $1,044,313  $1,166,738 Discount  (1,209 )  (92,000 )Accrued Interest  470,632   168,505   $1,513,737  $1,243,243  During the year ended December 31, 2024, the Company received proceeds of $50,000 from two convertible promissory notes, maturing in 2026. The notes bear interest of 18%, with a penalty rate of 25%. These notes are convertible at a fixed conversion price of $0.0005. Thes agreements include royalty agreements for Maybacks, wherein the Company agrees to pay 2.50% of gross sales. During the year ended December 31, 2024, the Company recognized $19,930 in accrued royalties for the two convertible promissory notes. During the year ended December 31, 2024, the Company repaid $1,000 of the principal amount due to the two convertible promissory note holders. During the year ended December 31, 2024, the Company received proceeds of $55,000 from a convertible note, maturing in 2025. The note bears interest 10%, with a penalty rate of 24%. This note is convertible at a fixed conversion price of $0.0005, unless in default. Provided that an Event of Default continues for not less than 21 days, the Holder may elect to use the lower of (i) the Fixed Price of $0.0005 or (ii) the lowest traded price of the Company Common Stock during the prior 21-day trading period.