Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 106

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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 expenditures or other cash requirements, until the Company generates positive cash flow from operations. However, the Company’s financial statements show an accumulated deficit of $40,383,043 as of June 30, 2025, with a net working capital deficit of $6,231,539 and limited cash resources. The Company has several promissory notes in default, including convertible notes with face values of $1,542,827, related party promissory notes with face values of $497,150 and self-liquidating promissory notes of $135,833. These factors raise doubts about the Company’s ability to continue as a going concern within the next year. 

The Company's ability to continue as a going concern depends on its ability to repay or settle its current indebtedness, generate positive cash flow, and raise capital through equity and debt financing or other means on favorable terms. If the Company cannot obtain additional funds when required or on favorable terms, management may be necessary to restructure the Company or cease operations.

The Company has never declared bankruptcy or been in receivership. The Company has earned minimal revenues and has limited cash on hand. The Company has sustained losses since inception and has primarily relied upon the sale of its securities and loans, secured and unsecured, from related parties and outside parties for funding.

Our address is 50 Division Street Somerset NJ 08873. Our corporate website is https://authenticholdingsinc.com. The information contained in our website is not made part of or incorporated into this Quarterly Report on Form 10-Q. 

Results of Operations for the Three and Six Months Ended June 30, 2025 and 2024.

Revenue

We earned revenue of $97,163 for the three months ended June 30, 2025, as compared with $27,332 for the three months ended June 30, 2024. We earned revenue of $250,477 for the six months ended June 30, 2025, as compared with $67,572 for the six months ended June 30, 2024.

Maybacks continues to enter into agreements to expand the markets for its movie and TV programming and agreements for advertising spots. We expect to achieve increased revenues in future quarters from these efforts as well as the efforts discussed below. 

During the reporting period, we acquired the Assets from Goliath Motion Pictures Promotions for content distribution on the Maybacks Global Entertainment network.  The Goliath acquisition is expected to allow us to become both vertically