Company: AHRO
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001477932-25-008590
Chunk: 116

Company: Authentic Holdings, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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071   470,633   $1,782,584  $1,513,737  During the nine months ended September 30, 2025, the Company issued 20,467,655 shares of its common stock for the conversion of debt valued at $16,035. During the nine months ended September 30, 2024, the Company issued 228,153,484 common shares for conversion of debt valued at $83,705. During the nine months ended September 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 nine months ended September 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 nine months ended September 30, 2024, the Company recognized $32,731 in accrued royalties. During the nine months ended September 30, 2024, the Company received proceeds of $55,000 from a convertible note, maturing in 2025. The note bears interest 10%, with a penalty rate of 24%. This note is convertible at a fixed conversion price of $0.0005, unless in default. Provided that an Event of Default is continuing 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 September 30, 2025, convertible notes with face values of $1,587,148 were in default.

 18Table of Contents

 Secured Promissory Notes The following table