Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 190

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 12
Chunk 190
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  Net (decrease) increase in cash $5,890   - Cash and cash equivalents, beginning of period  -   - Cash and cash equivalents , end of period $5,890  $-          Supplemental disclosure of cash flow information        Cash paid for interest $-  $- Cash paid for taxes $-  $-          Supplemental disclosure of non-cash financing activities        Conversion of convertible debt into common stock $333,466  $641,703          Preferred shares issued for acquisition of Maybacks     $7,000          Preferred shares issued for acquisition of License     $5,000,000 

 F-7Table of Contents

 AUTHENTIC HOLDINGS INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

NOTE 1 – DESCRIPTION OF BUSINESS AND GOING CONCERN Authentic Holdings Inc., formerly Global Fiber Technologies, Inc. ("the Company"), was incorporated in Nevada on March 25, 2005. Originally formed as a publishing company, the Company ceased its publishing operations in or around 2007.  After ceasing the publishing operations, the Company's operations consisted solely of utilizing the expertise of its board Members and outside agents to further the efforts of its advisory services business plan.  In 2011, the Company changed its’ name to Premiere Opportunities Group, Inc. In 2013, the Company became involved in the manufacturing and global distribution of ladies’ apparel, which was discontinued in 2014.  In 2014, the Company changed its’ name to Global Fashion Technologies, Inc.  In 2017, the Company changed its’ name to Eco Tek 360, Inc.  In 2018, the Company began a venture for the purpose of operating as an intermediary providing an expedited trading platform for buyers and sellers to efficiently consummate fiber transactions.  This venture has had no operations to date, nor did it have assets or liabilities. In 2019, the Company changed its’ name to Global Fiber Technologies, Inc. On June 18, 2019, the Company completed its acquisition of assets from A.H. Originals, Inc. ("AHO"), a corporation controlled by the same owner group of Global Fiber Technologies, Inc.  The Company created a new subsidiary