Company: AHRO
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001477932-25-002774
Chunk: 124

Company: Authentic Holdings, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 10
Chunk 124
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backs. The Purchase Agreement includes a funding obligation, which requires the Company to provide capital to fund the monthly expenses of Maybacks.  Maybacks is a 27 station network whose programming is carried by Roku, Direct TV, Local Now and many other platforms giving it an FCC reach of over 450,000,000 worldwide.  On the acquisition date, Maybacks did not have any tangible assets or liabilities. Goliath Motion Picture Promotions  On June 20, 2023, the Company, closed a License Agreement with Goliath Motion Picture Promotions (“Goliath”). On the Closing Date, the Company licensed various full-length motion pictures and serial television shows for a period of 10 years. In exchange for the license, the Company issued to the Seller 100,000 shares of the Company’s Series D Preferred Stock, par value $0.001 with stated value of $50 per share. As a result of the Purchase Agreement and the acquisition of the Assets, the Company plans to “tokenize” all the titles, namely 14,000 plus full-length motion pictures and serial television shows. The Company is currently using the non-tokenized library for content distribution on its own Maybacks TV Network.

 F-18Table of Contents

Estimated future amortization for the above acquisitions are as follows:    Maybacks   Goliath      Customers   License  Total 2025 $700  $500,000  $500,700 2026  700   500,000   500,700 2027  700   500,000   500,700 2028  700   500,000   500,700 2029  700   500,000   500,700    3,500   2,500,000   2,503,500 Thereafter  2,450   1,750,000   1,752,450   $5,950  $4,250,000  $4,255,950 

NOTE 7 – RELATED PARTY TRANSACTIONS On December 31, 2024, and 2023, the Company had accumulated balances due its President, Chris Giordano and its CEO, Paul Serbiak in the amounts of $479,533 and $560,799, respectively. During 2024, the Company received $14,