Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 32

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 32
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 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, 2023.

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Financing activities

Net cash provided in financing activities for the year ended December 31, 2024 and 2023 was $148,609 and $227,228, respectively, consisting of the following:

Year ended December 31, 2024  2023 Bank overdraft $(1,626) $1,508 Net advances from related parties  (81,245 )  17,790 Repayment of promissory notes  (42,500)  25,000 Proceeds from secured promissory notes  72,500   40,000 Proceeds from issuance of common stock and warrants  119,030   35,000 Proceeds from common stock issuable  15,700   - Net proceeds from convertible notes  49,750   107,930 Proceeds from Series Z Preferred Stock  17,000   - Net cash provided by financing activities $148,609  $227,228 

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should we be unable to continue as a going concern.

We have incurred losses since inception, resulting in accumulated deficits of $39,358,905 and $38,038,768 at December 31, 2024 and 2023, respectively, a working capital deficit of $5,324,665 and $4,998,581 as of December 31, 2024, and 2023, respectively, and future losses are anticipated. We also have debt that is