Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 31

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 31
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 assurance that we will be successful in raising additional funding. If we are not able to secure additional funding, the implementation of our business plan will be impaired. There can be no assurance that such additional financing will be available to us on acceptable terms or at all.

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The following is a summary of the cash and cash equivalents as of December 31, 2024, and 2023.

  December 31,2024  December 31,2023  $ Change  % Change Cash and cash equivalents $5,890  $-  $5,890  100% 

Summary of Cash Flows

Below is a summary of the Company’s cash flows for the years ended December 31, 2024, and 2023.

  For the YearsEnded December 31,   2024  2023 Net cash provided (used) in operating activities $(126,719 ) $(227,228 )Net cash provided by (used in) investing activities  (16,000 )  - Net cash provided by (used in) financing activities  148,609   227,229 Net increase (decrease) in cash and cash equivalents $5,890  $- 

Operating activities

Net cash used in operating activities was $126,719 during the year ended December 31, 2024, and consisted of the net loss of ($1,320,136) and ($422,245) of gain from the change in fair value of derivative liabilities, offset by the other non-cash items for the year ended December 31, 2024, loss on conversion of convertible debt of $97,125, depreciation of $21,721and amortization of $542,572. The significant change in operating assets and liabilities was the charge to operations in the amount of $625,000 for the write off of inventory advances, $235,652 in accounts payable, and accrued interest increased $212,494, offset by a decrease in accounts receivable of $201,628.

Net cash used in operating activities was $227,228 during the year ended December 31, 2023 and consisted of the net loss of $(1,658,455) offset by the non-cash items for the year ended December 31, 2023, of $(1,043,345) change in change in fair value of derivative liabilities, loss on conversion