Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 131

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 131
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 or amortized.

Professional and legal fees increased by $16,388 for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. Professional and legal fees decreased by $1,155 for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. The increase during the three months ended June 30, 2025, compared to the three months ended June 30, 2024 was primarily due to an increase of $11,137 in legal fees.

Research and development increased by $19,250 for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. Research and development increased by $20,733 for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. The increase during both periods was primarily due to an increase of $19,100 in NTF Platform fees. 

Other Income (Expenses)

Other income totaled $668,550 for the three months ended June 30, 2025, compared to other income of $1,110,626 for the three months ended June 30, 2024. Other expenses totaled $443,464 for the six months ended June 30, 2025, compared to other income of $274,712 for the six months ended June 30, 2024. The increases and decreases in other income and other expenses during both periods in 2025 primarily resulted from the change in the fair value of derivative liabilities.

Net Income (Loss)

We recorded net income of $389,491 for the three months ended June 30, 2025, compared to net income of $920,090 for the three months ended June 30, 2024.  We recorded a net loss of $1,024,138 for the six months ended June 30, 2025, compared to a net loss of $151,861 for the six months ended June 30, 2024.  

 31Table of Contents

Liquidity and Capital Resources

Since our inception, we have financed our operations through private placements, convertible notes, and unsecured debt, and we have recently issued debt in our company secured by all of our assets. Our current liabilities on our Condensed Consolidated Balance Sheets on June 30, 2025, contains certain debt that