Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 98

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 not been executed. Accrued Compensation The Company had $763,753 and $588,751 in accrued compensation due to current and former management on June 30, 2025 and December 31, 2024, respectively. Beginning in October 2024, the Company began accruing a salary expense of $350,000 per annum for the Chris Giordano, the Company President. During the six months ended June 30, 2025, the Company recorded compensation expense of $175,002.

NOTE 8 – LEASES The Company’s right-of-use assets under operating lease for an office premises expired on October 1 and the lease was not renewed. There are no lease liabilities balances as of June 30, 2025 and December 31, 2024. The Company currently does not have any long-term operating lease. Our operating lease expenses amounted to $0 and $0 for the three months ended June 30, 2025 and 2024, respectively.

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NOTE 9 – INCOME TAXES The Company provides for income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of June 30, 2025 and December 31, 2024, are as follows:   June 30,  December 31,   2025  2024 Net operating loss carryforward $40,383,043  $39,358,905 Effective tax rate  21%  21%Deferred tax asset  8,480,439   8,265,370 Less: Valuation allowance  (8,480,439)  (8,265,370)Net deferred asset $-  $-  As of June 30, 2025, the Company had approximately $40 million in net operating losses (“NOLs”) that may be available to offset future taxable income. The NOLs