Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 130

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 130
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 30,  Six Months Ended June 30, Operating Expenses 2025  2024  2025  2024 General and administrative $252,517  $65,220  $495,235  $124,124 Depreciation and Amortization  48,722   136,648   189,437   272,791 Professional and Legal Fees  20,888   4,500   52,639   53,794 Research and Development  19,250   -   21,750   1,017 Total Operating Expenses $341,377  $206,368  $759,061  $451,726 

Operating expenses increased in the amount of $135,009 for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. 

General and administrative expenses increased by $187,297 for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. The increase resulted primarily from 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