Company: AHRO
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001477932-25-008590
Chunk: 30

Company: Authentic Holdings, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 per annum and has a one-year term with eight options to extend the maturity date for three-month periods. Accrued interest on September 30, 2025 and December 31, 2024, amounted to $85,285 and $75,224, respectively. Promissory Notes Payable – related party balances of $532,435 and $522,374 were in default as of September 30, 2025, and December 31, 2024, respectively. Convertible Notes Payable – related party  In August 2015, the Company issued an unsecured promissory note to an investor in the amount of $50,000, convertible to common stock at $1.00 per share. The note bears an interest rate of 8% per annum and matured on August 8, 2016. The note is currently unpaid and in default. The note does not contain a beneficial conversion feature. Accrued interest on September 30, 2025 and December 31, 2024 amounted to $41,443 and $39,568, respectively. Related Party Loans The Company received a loan from its’ CEO Paul Serbiak totaling $210,534. The loan has no stated annual interest rate, but the Company records interest at the annual rate of 3.5%. Accrued interest payable on September 30, 2025 and December 31, 2024 amounted to $76,818 and $71,291, respectively. The Company recorded interest expense of $5,527 during the three months ended September 30, 2025 and 2024, respectively.  Balances of all loans due to related parties as of September 30, 2025:    Principal  Accrued Interest  Total Promissory note - related party $447,150  $85,285  $532,435 Convertible notes – Related party  50,000   41,443   91,443 Related Party Loans  210,534   76,818   287,352 Total Related Parties Loans  707,684   203,546  $911,230 

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 Balances of all loans due to related parties as of December 31, 2024:   Principal  Accrued Interest  Total Promissory note - related party $447,150