Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 608

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 4
Chunk 608
---
 -   -   -       (1,658,455)  (1,658,455)Balance December 31, 2023   200,000  $200   100,000  $100   100,000  $100   -  $-   2,024,420,237  $2,024,420  $16,500  $35,791,910  $(38,038,768) $(205,538)

The accompanying notes are an integral part of these consolidated financial statements.

 F-6Table of Contents

AUTHENTIC HOLDINGS INC. Consolidated Statements of Cash FlowsFor the Years  Ended December 31,(Unaudited)       2024  2023 CASH FLOWS FROM OPERATING ACTIVITIES      Net Loss $(1,320,137) $(1,658,455)Adjustments to reconcile net loss to net cash used in        operating activities:        Change in fair value of derivative liabilities  (422,245)  24,567 Loss on conversion of convertible debt  97,125   452,472 Conversion of convertible notes to equity  -   - Amortization of debt discount  39,435   - Depreciation - Property and equipment  21,721   46,485 Amortization - Intangible assets  503,137   254,151 Derivative Expense  -   239,028 Commitment shares issued  -   26,642 Changes in operating assets and liabilities:  -     Accounts receivable  (201,628)  - Advances  625,000   - Accounts payable and accrued expenses  289,385   168,497 Accrued interest  241,488   219,385 Net cash used in operating activities $(126,719) $(227,228)         CASH FLOWS FROM INVESTING ACTIVITIES        Acquisition of License  (15,000)  - Acquisition of Website  (1,000)  -  Net cash provided by investing activities $(16,000)  -          CASH FLOWS FROM FINANCING ACTIVITIES