Company: AHRO
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001477932-25-008590
Chunk: 104

Company: Authentic Holdings, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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 Company acquired various full-length motion pictures and serial television shows (the “Assets”). As a result of the Purchase Agreement and the acquisition of the Assets, the Company plans to market its television shows and movie library on both Over the Air and Streaming Platforms in conjunction with a comprehensive marketing effort to create both content and distribution partnerships. In accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations, the Company evaluated whether the acquired group of assets and liabilities (the acquired set) meets the definition of a business. If so, the transaction is accounted for as a business combination; if not, it must be accounted for as an asset acquisition or recapitalization. The Company assessed the following:  ·Whether substantially all the value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, and ·Whether the acquired set includes the required elements of a business under the framework in ASC 805 As the entire asset purchase was a single asset, the Goliath Motion Picture Library, the Company concluded that the acquisition was an asset acquisition. Under ASC 805-50, Asset acquisitions shall be recorded at the cost to the acquiring entity.  As the consideration given by the Company was preferred stock, and thus not cash, the cost of the acquisition is the fair value of the preferred stock consideration.  The Company has determined the value of the consideration paid for the Assets to be $10,790,000,

 10Table of Contents

 The following table sets forth the amortization for the intangible assets on September 30, 2025 and December 31, 2024:   September 30,  December 31,   2025  2024 Goliath movie library $10,790,000  $- License agreement - Goliath  -   5,000,000 License agreement - John Legend  5,000   - License agreement - Salci Sports  15,000   15,000 Customer lists  7,000   7,000 Patent  12,406   12,406 Websites  13,090   11,690 Royalties  125,000   125,000    10,967,496   5,171,096 Less accumulated amortization  (157,930 )  (886,911 )  $10,809,566