Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 58

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 58
---
 Gold division and create a Holiday Season album for 2025 as well as “Theme Based” Vinyl’s, such as for Black History Month, for example, as well as other cultural holidays from our library of over 17,000 Master Recordings. 

The Authentic Heroes subsidiary also has completed an NFT Platform on the Ethereum Blockchain capable of housing millions of NFTs. The NFT platform has minted 500,000 NFTs as part of free music NFT given away with its “Old is Gold” Christmas album. The NFT Mint Farm plans to start to market music NFTs once management has consulted with its advisors and determines that a regulatory pathway exists for this business line. 

Going Concern Considerations 

The Company intends to fund operations through increased sales and debt and/or equity financing arrangements, which may be insufficient to fund its expenditures or other cash requirements, until the Company generates positive cash flow from operations. However, the Company’s financial statements show an accumulated deficit of $40,383,043 as of June 30, 2025, with a net working capital deficit of $6,231,539 and limited cash resources. The Company has several promissory notes in default, including convertible notes with face values of $1,542,827, related party promissory notes with face values of $497,150 and self-liquidating promissory notes of $135,833. These factors raise doubts about the Company’s ability to continue as a going concern within the next year. 

The Company's ability to continue as a going concern depends on its ability to repay or settle its current indebtedness, generate positive cash flow, and raise capital through equity and debt financing or other means on favorable terms. If the Company cannot obtain additional funds when required or on favorable terms, management may be necessary to restructure the Company or cease operations.

The Company has never declared bankruptcy or been in receivership. The Company has earned minimal revenues and has limited cash on hand. The Company has sustained losses since inception and has primarily relied upon the sale of its securities and loans, secured and unsecured, from related parties and outside parties for funding.

Our address is 50 Division Street Somerset NJ 08873. Our corporate website is https://authenticholdingsinc.com. The information contained in our website is not made part of or incorporated into this Quarterly Report on Form 10-Q. 

Results of Operations for the Three and Six Months Ended June 30, 2025 and 202