Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 107

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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 including accrued interest payable, totaled $1,643,190 and $1,513,737, respectively.   March 31,  December 31,   2025  2024 Principal balances $1,025,213  $1,044,313 Discount  -   (1,209)Accrued interest  617,977   470,633   $1,643,190  $1,513,737  During the three months ended March 31, 2025, the Company issued 9,838,450 shares of its common stock for the conversion of debt valued at $5,903. During the three months ended March 31, 2024, the Company issued 129,516,484 shares for conversion of notes valued at $83,813. During the three months ended March 31, 2024, the Company received proceeds of $25,000 from two convertible promissory notes, maturing in 2026. The notes bear interest of 18% per a num, with a penalty rate of 25%. These notes are convertible at a fixed conversion price of $0.0005. The two convertible note include royalty agreements for Maybacks, wherein the Company agrees to pay 2.50% of gross sales.  During the three months ended March 31, 2025 and 2024, the Company recognized accrued royalties of $37,646 and $2,137, respectively. On March 31, 2025, convertible notes with face values of $1,441,304 were in default. Secured Promissory Note During 2024, the Company entered into two secured promissory notes totaling $76,500.  The notes do not bear interest and no stated maturity date. During the three months ended March 31, 2025, the Company repaid $10,500 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. 

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The balances of the Company’s secured