Company: AHRO
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001477932-25-008590
Chunk: 136

Company: Authentic Holdings, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 the Company paid an advance on the acquisition of a license agreement in the amount of $5,000 and incurred capitalized website costs of $1,400.

The Company did not use any funds for investing activities during the nine months ended September 30, 2024.

Financing activities

Net cash provided by financing activities for the nine months ended September 30, 2025, and 2024 was $10,924 and $139,174, respectively, and consisting of the following:

  2025  2024 Bank overdraft $82  $(1,501)Proceeds from Series Z Preferred Stock  15,000   - Advances from related parties  20,000   14,831 Proceeds from unsecured notes  25,000   - Proceeds from common stock and warrants  -   119,030 Proceeds from common stock issuable  -   15,700 Proceeds from secured promissory notes  -   72,500 Repayment from secured promissory notes  (14,000)  - Proceeds from convertible notes, net of cash discounts  50,000   105,000 Repayments of advances from related parties  (69,258)  (90,636)Repayment of promissory Notes  (2,000)  (42,500)Repayment of convertible notes  (19,500)  (53,250)Debt issuance cost  5,600   -   $10,924  $139,174 

Going Concern

The accompanying financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. 

We have incurred losses since inception, resulting in accumulated deficits of $40,440,662 and $39,358,905 on September 30, 2025 and December 31, 2024, respectively; a working capital deficit of $6,284,026 and $5,324,664 as of September 30, 2025 and December 31, 2024, respectively; and future losses are anticipated. We also have debt that is currently in default. These factors, among others, raise substantial doubt about our ability to continue as a going concern.

The ability of our company to continue our operations