Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 64

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 not able to secure additional funding, the implementation of our business plan will be impaired, and we could go out of business. There can be no assurance that such additional financing will be available to us on acceptable terms or at all.

The following is a summary of the cash and cash equivalents as of June 30, 2025 and December 31, 2024.

  June 30, 2025  December 31,2024  $ Change  % Change Cash and cash equivalents $2,726  $5,890  $(3,164)  (0.54)%

Summary of Cash Flows 

Below is a summary of the Company’s cash flows for the six months ended June 30, 2025 and 2024. 

  For the Six Months Ended June 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