Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 76

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 unable to repay the loans. If this happens, we could go out of business.

Based upon the current financial condition, we do not have sufficient cash to operate our business at the current level for the next twelve months. We intend to fund operations through increased sales and debt and/or equity financing arrangements, which may be insufficient to fund expenditures or other cash requirements. We plan to seek additional financing in a private equity offering to secure funding for operations. There can be no assurance that we will be successful in raising additional funding. If we are not able to secure additional funding, the implementation of our business plan will be impaired and we could go out of business. There can be no assurance that such additional financing will be available to us on acceptable terms or at all.

The following is a summary of the cash and cash equivalents as of March 31, 2025 and December 31, 2024.

  March 31, 2025  December 31,2024  $ Change  % Change Cash and cash equivalents $2,744  $5,890  $(3,146 )  53%

Summary of Cash Flows 

Below is a summary of the Company’s cash flows for the three months ended March 31, 2025 and 2024. 

  For the Three Months Ended March 31,   2025  2024 Net cash provided by (used in) operating activities $45,982  $(67,847 )Net cash provided by (used in) investing activities  (5,000 )  - Net cash provided by (used in) financing activities  (44,128 )  67,847 Net increase (decrease) in cash and cash equivalents $(3,146 ) $- 

Operating activities                                                                                                                  

Net cash provided by our operating activities was $45,982 during the three months ended March 31, 2025 and consisted of the net loss of $1,413,629 offset by the non-cash items for the three months ended March 31, 2025, of $1,048,016 loss in change in fair value of derivative liabilities, bad debt expense of $15,373, losses on the conversion of note payable of $7,871, the amortization of debt discount of $1,209, and amortization of intangible assets of $139