Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 65

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 of derivative liabilities, mainly offset by the amortization of intangible assets of $251,224. Net cash used in operating activities was $336,107 during the six months ended June 30, 2023 and consisted of the net loss of $227,532 offset by the non-cash items for the six months ended June 30, 2023, of $298,477 change in change in fair value of derivative liabilities offset by the gain on derivative liabilities due to conversion of note payable, and a $22,954 decrease in depreciation and amortization expenses.

 32Table of Contents

Investing Activities

During the six months ended June 30, 2025, the Company paid an advance on the acquisition of a license agreement in the amount of $5,000 and incurred capitalized website costs of $1,400.

The Company did not use any funds for investing activities during the six months ended June 30, 2024.

Financing activities

Net cash provided by or (Used in) financing activities for the six months ended June 30, 2025, and 2024 was $(858) and $120,116, respectively, consisting of the following:

  2025  2024 Bank overdraft $240  $(1,626)Proceeds from Series Z Preferred Stock  15,000   - Proceeds from advances from related parties  20,000   14,831 Proceeds from promissory notes  -   90,480 Proceeds from secured promissory notes  -   72,500 Repayment of secured promissory notes  (14,000)  - Proceeds from convertible notes, net of cash discounts  50,000   100,000 Repayments of advances from related parties  (56,198)  (68,819)Repayment of promissory notes  (2,000)  (42,500)Repayment of convertible notes  (19,500)  (44,750)Debt issuance cost  5,600   -   $(858) $120,116 

Going Concern

The accompanying financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. 

We have incurred losses since inception, resulting in accumulated deficits of $40,383,043 and