Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 1189

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 1189
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,890  100% 

Summary of Cash Flows

Below is a summary of the Company’s cash flows for the years ended December 31, 2024, and 2023.

  For the YearsEnded December 31,   2024  2023 Net cash provided (used) in operating activities $(126,719 ) $(227,228 )Net cash provided by (used in) investing activities  (16,000 )  - Net cash provided by (used in) financing activities  148,609   227,229 Net increase (decrease) in cash and cash equivalents $5,890  $- 

Operating activities

Net cash used in operating activities was $126,719 during the year ended December 31, 2024, and consisted of the net loss of ($1,320,136) and ($422,245) of gain from the change in 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