Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 112

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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30,   2025  2024 Net cash provided by (used in) operating activities $4,094  $(120,116 )Net cash provided by (used in) investing activities  (6,400)  - Net cash provided by (used in) financing activities  (858)  120,116 Net increase (decrease) in cash and cash equivalents $(3,164) $- 

Operating activities                                                                                                                  

Net cash provided by our operating activities was $4,094 during the six months ended June 30, 2025 and consisted of the net loss of $1,024,138 offset by the non-cash items for the six months ended June 30, 2025, of $312,682 change in fair value of derivative liabilities, bad debt expense of $11,480, loss on the conversion of convertible debt of $8,221, finance costs associated with the issuance of debt of $5,600, the amortization of debt discount of $1,709, and amortization of intangible assets of $185,554, and, the significant change in operating assets and liabilities were decreases in accounts receivable of $95,947, increases in accounts payable and accrued expenses of $297,388, and increases in accrued interest of $115,251.

Net cash used in operating activities was $120,116 during the six months ended June 30, 2024 and consisted of the net loss of $151,861 and a $439,515 change in the fair value 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.

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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