Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 62

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 increased royalty of $13,832 due under the terms of the Maybacks acquisition agreement, increased salary expense of $87,501, and increased sponsorships of $55,000. General and administrative expenses increased by $371,111 for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. The increase resulted primarily from increased royalty of $49,342 due under the terms of the Maybacks acquisition agreement, increased salary expense of $175,002, and increased sponsorships of $55,000. Beginning in October 2024, the Company began accruing a salary expense of $350,000 per annum for the Chris Giordano, the Company President.

Depreciation and amortization decreased by $87,926 for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. Depreciation and amortization decreased by $83,354 for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. The decrease was primarily due to the Company’s purchase of various full-length motion pictures and serial television shows (the “Assets”) that had been previously licensed from Goliath. The purchased assets are not being depreciated or amortized.

Professional and legal fees increased by $16,388 for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. Professional and legal fees decreased by $1,155 for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. The increase during the three months ended June 30, 2025, compared to the three months ended June 30, 2024 was primarily due to an increase of $11,137 in legal fees.

Research and development increased by $19,250 for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. Research and development increased by $20,733 for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. The increase during both periods was primarily due to an increase of $19,100 in NTF Platform fees. 

Other Income (Expenses)

Other income totaled $668,550 for the three months ended June 30, 2025,