Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 144

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 11
Chunk 144
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 audit matter. The principal considerations for our determination were: (1) determining the valuation method (2) subjective and uncertain nature of the valuation models as it relies on assumptions and forecasts, (3) determining the measuring the amount of economic benefit, and (4) the determination of the presence of an impairment event. 

Our audit procedures related to management’s conclusion on the valuation of the intangible assets, included the following, among others: (1) assessing the continued relevance of the valuation model used to estimate carrying value, (2) assessing the reliability of the underlying data included in the assumptions, and (3) assessing the presence of an impairment event and judgments made by the Company.

We have served as the Company’s auditor since 2023.Victor Mokuolu, CPA PLLC Houston, Texas  April 15, 2025PCAOB ID: 6771 

 F-3Table of Contents

AUTHENTIC HOLDINGS INC.Consolidated Balance Sheets   December 31,  December 31,   2024  2023 ASSETS      CURRENT ASSETS      Cash and cash equivalents $5,890  $- Accounts receivable  201,628   - Advances  -   625,000 TOTAL CURRENT ASSETS  207,518   625,000          Property and equipment, net of depreciation  -   21,721 Intangible assets  4,284,185   4,771,322          TOTAL ASSETS $4,491,703  $5,418,043          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)        CURRENT LIABILITIES        Bank overdraft $-  $1,814 Accounts payable and accrued liabilities  518,946   316,873 Accrued compensation  588,751   501,250 Unsecured notes and accrued interest payable  164,935   159,950 Convertible notes and accrued interest - net of debt discount  1,513,737   1,320,858 Convertible notes and accrued interest - related party  89,568   87,068 Secured Promissory Notes and Accrued Interest  102,061   41,022 Promissory Notes and Accrued Interest  -   25