Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 905

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 8
Chunk 905
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 Event of Default continues for not less than 21 days, the Holder may elect to use the lower of (i) the Fixed Price of $0.0005 or (ii) the lowest traded price of the Company Common Stock during the prior 21-day trading period.  On December 31, 2024, convertible notes with face values of $1,403,428 were in default.

 F-16Table of Contents

Secured Promissory Note During 2024, the Company entered into two secured promissory notes totaling $76,500.  The notes do not bear interest and no stated maturity date. During the year ended December 31, 2024, the Company repaid a total of $17,500 of the principal amounts due on the two secured promissory notes. On June 30, 2023, the Company entered into a secured promissory note for $40,000.  The note bears interest at 5% per annum and was due on December 31, 2023.  The maturity date was subsequently extended to October 4, 2025.  The Company granted a security interest in all its assets to the noteholder. On December 31, 2024, and 2023, the Company had $3,061 and $1,022, respectively, in accrued interest on the secured promissory note. The following notes are secured by the assets of the Company on December 31:   2024  2023 Secured Notes Payable $116,500  $40,000 Accrued Interest  3,061   1,022 Repayments  (17,500)  -   $102,061  $41,022  Self-Liquidating Promissory Notes Self-liquidating promissory notes consist of various notes accruing interest at 5%.  The following summarizes these notes:   December 31,2024  December 31,2023 Self-liquidating promissory notes $100,000  $150,000 Accrued interest  33,333   42,500   $133,333  $192,500 

NOTE 5 – DERIVATIVE LIABILITIES The Company analyzed the conversion option for derivative accounting consideration under ASC 815, “Derivatives and Hedging,” and determined that