Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 92

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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,   2025  2024 Unsecured notes payable $99,700  $99,700 Repayments  (2,000)  - Accrued interest  67,728   65,235   $165,428  $164,935  Convertible Notes Payable  As of June 30, 2025 and December 31, 2024, the face value of the Company’s convertible notes outstanding, including accrued interest payable, totaled $1,734,295 and $1,513,737, respectively.   June 30,  December 31,   2025  2024 Principal balances $1,073,963  $1,044,313 Discount  (5,500)  (1,209)Accrued interest  665,832   470,633   $1,734,295  $1,513,737   During the six months ended June 30, 2025, the Company issued 17,467,655 shares of its common stock for the conversion of debt valued at $21,555. During the six months ended June 30, 2024, the Company issued 215,653,484 common shares for conversion of debt valued at $161,336. During the six months ended June 30, 2025, the Company received proceeds of $50,000 from a convertible note, net of an original issue discount of $6,000 and maturing in 2026.  The note bears interest 12%, with a penalty rate of 24%.  This note is not convertible, unless the note is in default, and then at a fixed conversion price of $0.0016, unless the Company’s stock trades below $0.0013 for three consecutive days, then the fixed conversion price shall be $0.0009. During the six months ended June 30, 2024, the Company received proceeds of $50,000 from two convertible promissory notes, maturing in 2026. The notes bear interest of 18%, with a penalty rate of 25%. These notes are convertible at a fixed conversion price of $0.0005.  Thes agreements include royalty agreements for Maybacks, wherein the Company agrees to pay 2.50% of gross sales.  During the six months ended June