Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 138

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 4
Chunk 138
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 Fashion Technologies, Inc. This litigation was initiated by the plaintiff in order to collect wages allegedly due pursuant to his employment with Avani Holdings LLC. The Company never hired Mr. Corso and never acquired Avani Holdings, LLC. Consequently, there is no legitimate cause of action against the Company. However, due to cash flow constraints, the Company is unable to hire outside counsel for this litigation. The amount being sought by the plaintiff is approximately $40,000. 

Item 1A. Risk Factors

Our business faces many risks, a number of which are described in the section captioned “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on April 16, 2025. The risks described in our Annual Report may not be the only risks we face. Other risks of which we are not yet aware, or that we currently believe are not material, may also materially and adversely impact our business operations or financial results. If any of the events or circumstances described in the risk factors contained in our Annual Report occur, our business, financial condition or results of operations could be adversely impacted and the value of an investment in our securities could decline. Investors and prospective investors should consider the risks described in our Annual Report, and the information contained in the section captioned “Forward-Looking Statements” and elsewhere in this Quarterly Report before deciding whether to invest in our securities.

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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Common Stock

During the three months ended March 31, 2025, the Company issued 9,838,450 shares of its common stock for the conversion of debt valued at $5,903.

During the three months ended March 31, 2024, the Company issued 129,516,484 shares of common shares for the conversion of debt and accrued interest of $32,874.

Stock Options

No stock options were issued during the three months ended March 31, 2025, and 2024. All stock options issued before 2021 were either exercised or expired.

Preferred Stock

During the three months ended March 31, 2025, the Company issued 600 shares of its Series Z Preferred Stock for net proceeds of $15,000.

During the three months ended March 31, 2024, the Company issued 3,200 shares of Series Z Preferred stock for proceeds of $79,980.

These securities were issued pursuant to Section