Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 60

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 Customers   License  Total 2025 $525  $375,000  $375,525 2026  700   500,000   500,700 2027  700   500,000   500,700 2028  700   500,000   500,700 2029  700   500,000   500,700    3,325   2,375,000   2,378,325 Thereafter  2,450   1,750,000   1,752,450   $5,775  $4,125,000  $4,130,775 

 18Table of Contents

NOTE 7 – RELATED PARTY TRANSACTIONS On March 31, 2025 and December 31, 2024, the Company had accumulated balances due its President, Chris Giordano and its CEO, Paul Serbiak in the amounts of $446,583 and $479,533, respectively. During the three months ended March 31, 2025 and 2024, the Company repaid $32,951 and $41,325, respectively, of the balances due to its President, Chris Giordano. Promissory Notes Payable – related party On June 18, 2019, the Company issued a promissory note at a principal amount of $447,150 as part of the consideration for the acquisition of assets from AH Originals, Inc., a corporation controlled by the same owner-group of Global Fiber Technologies, Inc. The promissory note bears 3% interest per annum and has a one-year term with eight options to extend the maturity date for three-month periods. Accrued interest on March 31, 2025 and December 31, 2024, amounted to $78,577 and $75,224, respectively. Convertible Notes Payable – related party  In August 2015, the Company issued an unsecured promissory note to an investor in the amount of $50,000, convertible to common stock at $1.00 per share. The note bears an interest rate of 8% per annum and matured on August 8, 2016. The note is currently unpaid and in default. The note does not contain a beneficial conversion feature. Accrued interest on March 31, 2025