Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 31

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 5
Chunk 31
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 in the table below. 

  Three Months Ended March 31,   2025  2024 General and Administrative $242,718  $58,904 Depreciation and Amortization  140,715   136,143 Professional and Legal Fees  31,751   49,294 Research and Development  2,500   1,017 Total Operating Expenses $417,684  $245,358 

Operating expenses increased in the amount of $172,326 for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. 

General and administrative expenses increased by $183,814 for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. The increase resulted primarily from increased royalty of $35,510 due under the terms of the Maybacks acquisition agreement and increased salary expense of $87,500. Beginning in October 2024, the Company began accruing a salary expense of $350,000 per annum for the Chris Giordano, the Company President.

Depreciation and amortization increased by $4,572 for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily due to the amortization of the customer list related to the Maybacks acquisition and the license agreement executed with Goliath.

Professional and legal fees decreased by $17,543 for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily due to a decrease of $8,000 in other consulting fees and a decrease in audit fees of $10,000.

Research and development decreased by $1,483 for the three months ended March 31, 2025, compared to the three months ended March 31, 2024.

Other Income (Expenses)

Other expenses were $1,112,014 for the three months ended March 31, 2025, compared to other expenses of $835,914 for the three months ended March 31, 2024. The increase of $276,100 resulted primarily from the increase in the loss on the change in the fair value of derivative liabilities. 

Net Income (Loss)

We recorded a net loss of $1,413,629 for the three months ended March 31,