Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 641

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 5
Chunk 641
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issory notes of $133,333. On December 31, 2024, we have limited cash, a substantial working capital deficit, our revenues have only commenced in 2024 and future losses are anticipated. Additionally, we expect to experience higher interest payments in the future as a result of our outstanding liabilities. If we are unable to generate sufficient revenues and/or additional financing to service this debt, there is a risk the lenders will call the notes, and we will be unable to repay the loans. If this happens, we could go out of business.

Based upon the current financial condition, we do not have sufficient cash to operate our business at the current level for the next twelve months. We intend to fund operations through increased sales and debt and/or equity financing arrangements, which may be insufficient to fund expenditures or other cash requirements. We plan to seek additional financing in a private equity offering to secure funding for operations. There can be no assurance that we will be successful in raising additional funding. If we are not able to secure additional funding, the implementation of our business plan will be impaired. There can be no assurance that such additional financing will be available to us on acceptable terms or at all.

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The following is a summary of the cash and cash equivalents as of December 31, 2024, and 2023.

  December 31,2024  December 31,2023  $ Change  % Change Cash and cash equivalents $5,890  $-  $5,890  100% 

Summary of Cash Flows

Below is a summary of the Company’s cash flows for the years ended December 31, 2024, and 2023.

  For the YearsEnded December 31,   2024  2023 Net cash provided (used) in operating activities $(126,719 ) $(227,228 )Net cash provided by (used in) investing activities  (16,000 )  - Net cash provided by (used in) financing activities  148,609   227,229 Net increase (decrease) in cash and cash equivalents $5,890  $- 

Operating activities

Net cash used in operating activities was $126,719 during the year ended December 31, 2024, and consisted of the net loss of ($1,320,136) and ($422,245) of gain from the change in