Company: AHRO
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001477932-25-008590
Chunk: 117

Company: Authentic Holdings, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 117
---
 summarizes notes that are secured by the assets of the Company:   September 30,  December 31,   2025  2024 Principal balances $116,500  $116,500 Accrued Interest  4,509   3,061 Repayments  (31,500 )  (17,500 )  $89,509  $102,061  During 2024, the Company entered into three secured promissory notes totaling $76,500. The notes do not bear interest and no stated maturity date. During the nine months ended September 30, 2025, the Company repaid $11,500 of the principal amounts due on these notes. During 2024, the Company repaid $17,500 of the principal amounts due on these notes. On June 30, 2023, the Company entered into a secured promissory note for $40,000. The note bears interest at 5% per annum and was due on December 31, 2023. The maturity date was subsequently extended to October 4, 2025. The Company granted a security interest in all its assets to the noteholder. During the nine months ended September 30, 2025, the Company repaid $2,500 of the principal amounts due on the note. Self-Liquidating Promissory Notes Self-liquidating promissory notes consist of various notes accruing interest at 5%. The following summarizes these notes:   September 30,  December 31,   2025  2024 Principal balances $100,000  $100,000 Accrued Interest  37,083   33,333   $137,083  $133,333  During the nine months ended September 30,2024, self-liquidating promissory notes of $50,000 were exchanged for a royalty agreement, wherein the holder will receive a royalty of 5% of net sales of Maybacks. On September 30, 2025, the remaining $100,000, along with accrued interest of $37,083 in self-liquidating notes were in default.

NOTE 5 – DERIVATIVE LIABILITIES The Company analyzed the conversion option for derivative accounting consideration under ASC 815, "Derivatives and Hedging," and