Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 33

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 5
Chunk 33
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, 2025 and 2024. 

  For the Three Months Ended March 31,   2025  2024 Net cash provided by (used in) operating activities $45,982  $(67,847 )Net cash provided by (used in) investing activities  (5,000 )  - Net cash provided by (used in) financing activities  (44,128 )  67,847 Net increase (decrease) in cash and cash equivalents $(3,146 ) $- 

Operating activities                                                                                                                  

Net cash provided by our operating activities was $45,982 during the three months ended March 31, 2025 and consisted of the net loss of $1,413,629 offset by the non-cash items for the three months ended March 31, 2025, of $1,048,016 loss in change in fair value of derivative liabilities, bad debt expense of $15,373, losses on the conversion of note payable of $7,871, the amortization of debt discount of $1,209, and amortization of intangible assets of $139,314, and, the significant change in operating assets and liabilities were decreases in accounts receivable of $43,485, increases in accounts payable and accrued expenses of $149,425, and increases in accrued interest of $54,918.

Net cash used in operating activities was $67,847 during the three months ended March 31, 2024 and consisted of the net loss of $1,171,951 offset by the non-cash items for the three months ended March 31, 2024, of $779,967 change in change in fair value of derivative liabilities,  losses on the conversion of note payable of $85,090, the amortization of debt discount of $21,297, and a $136,143 in depreciation and amortization expenses. The significant change in operating assets and liabilities were increases in accounts payable and accrued expenses of $35,450 and increases in accrued interest of $59,070.

Investing Activities

During the three months ended March 31, 2025, the Company paid an advance on the acquisition of a license agreement in the amount of $5,000.

The Company did not use any funds for investing activities during the three months ended March 31, 2024.

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