Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 130

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 10
Chunk 130
---
 make operational decisions and assess financial performance. The Company operates as one segment. The accounting policies of the Company’s segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance at a consolidated level and decides how to allocate resources based on consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets.

 F-22Table of Contents

The following table summarizes the Company’s revenues, net income (loss) and significant expenses.   2024  2023        Revenues $398,600  $- Cost of revenues  127,307   - Gross Profit  271,293   -          Operating Expenses        General and administrative  377,267   173,072 Depreciation and Amortization  524,858   300,635 Professional and Legal Fees  90,668   130,345 Research and Development  4,427   56,858 Total Operating Expenses  997,220   660,910          Income/(Loss) from Operations  (725,927)  (660,910)         Other Income/(Expense)        Income (loss) on change in fair value of derivative liabilities  495,933   (24,567)Derivative expense  -   (239,028)Gain/(Loss) on settlement of notes  (170,813)  (452,472)Gain/(Loss) on settlement of license agreements  -   125,000 Interest expense and financing costs  (271,672)  (318,796)Interest expense - related parties  (22,658)  (25,647)Other Expense  (625,000)  (62,035)Total Other Expense  (594,210)  (997,545)         Net Income (Loss) $(1,320,137) $(1,658,455)

NOTE 13 – SUBSEQUENT EVENTS The Company had evaluated subsequent events for recognition and disclosure as of April 14, 2025, when the financial statements were available to be issued.  On March 13, 2025, the Company entered into a Debt Exchange Agreements with each of Chris Giordano, our President and Director, and Paul Serbiak, our Chief Executive