Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 66

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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-   - Options  -   - Convertible notes payable, including accrued interest  982,780,188   1,286,698,780    982,780,188   1,286,698,780 

NOTE 12 – SEGMENT REPORTING ASC Subtopic 280-10, “Segment Reporting,” establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available. This information is regularly evaluated by the chief operating decision maker (“CODM”) to allocate resources and assess performance. The Company’s Chief Executive Officer serves as the CODM, and reviews financial information on an operating segment basis to make operational decisions and assess financial performance. The Company operates as one segment. The accounting policies of the Company’s segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance at a consolidated level and decides how to allocate resources based on consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets.

NOTE 13 – SUBSEQUENT EVENTS The Company had evaluated subsequent events for recognition and disclosure as of May 15, 2025, when the financial statements were available to be issued. As previously reported, on June 20, 2023, the Company signed an Asset Purchase Agreement with Goliath Motion Picture Promotions. Since execution, however, the fulfillment of the Asset Agreement has not been possible because the Assets could not be entirely conveyed to Buyer as intended by the parties.  Therefore, on May 10, 2024, the parties entered into an Amended Asset Purchase Agreement, to be effective as of December 31, 2023, to convert the purchase of Assets to a license to use those Assets for a period of 10 years in consideration for 100,000 shares of Series D Preferred Stock of the Company. On April 29, 2025, the Company signed and closed a new Asset Purchase Agreement with Goliath Motion Picture Promotions to formally acquire the assets previously licensed. The terms of the Purchase Agreement provide for the Seller to exchange the 100,000 shares of Series D Preferred Stock for 100,000 shares of the Buyer’s newly established Series F Preferred Stock. Upon the closing of the Purchase Agreement, the Company acquired various full-length motion pictures and serial television shows, (the “Assets”) which Maybacks Global Entertainment, a subsidiary of the Company, has already