Authentic Holdings, Inc. Files Q2 2025 10-Q

TL;DR

AHRO Q2 2025 10-Q is in. Check financials.

AI Summary

Authentic Holdings, Inc. filed its 10-Q for the period ending June 30, 2025. The filing details financial performance and operational updates for the second quarter of 2025. Key financial figures and business activities are disclosed, providing insight into the company's current standing.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for Authentic Holdings, Inc., crucial for understanding the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the nature of the business and potential for litigation indicated in the data suggest a medium risk profile.

Key Numbers

• $2.50B — Total Assets (Indicates the total value of assets held by the company as of the reporting period.)
• $2.26B — Total Liabilities (Represents the total obligations of the company.)

Key Players & Entities

• Authentic Holdings, Inc. (company) — Filer
• 20250630 (date) — Reporting Period End Date
• 20250819 (date) — Filing Date
• Global Fiber Technologies, Inc. (company) — Former Company Name
• ECO TEK 360 INC (company) — Former Company Name
• Global Fashion Technologies, Inc. (company) — Former Company Name
• Christopher Giordano (person) — Employment Agreement
• Paul Serbiak (person) — Employment Agreement

FAQ

Filing Documents

• ahro_10q.htm (10-Q) — 1109KB
• ahro_ex311.htm (EX-31.1) — 10KB
• ahro_ex312.htm (EX-31.2) — 10KB
• ahro_ex321.htm (EX-32.1) — 5KB
• ahro_ex322.htm (EX-32.2) — 4KB
• 0001477932-25-006087.txt ( ) — 5114KB
• ahro-20250630.xsd (EX-101.SCH) — 53KB
• ahro-20250630_lab.xml (EX-101.LAB) — 289KB
• ahro-20250630_cal.xml (EX-101.CAL) — 47KB
• ahro-20250630_pre.xml (EX-101.PRE) — 267KB
• ahro-20250630_def.xml (EX-101.DEF) — 182KB
• ahro_10q_htm.xml (XML) — 724KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024 3 Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024 (unaudited) 4 Condensed Consolidated Statements of Stockholders' Deficiency for the Three and Six Months Ended June 30, 2025 and 2024 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (unaudited) 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3. Defaults Upon Senior Securities 38 Item 4. Mine Safety Disclosures 38 Item 5. Other Information 38 Item 6. Exhibits 39

Signatures

Signatures 40 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements AUTHENTIC HOLDINGS INC. Condensed Consolidated Balance Sheets June 30, December 31, 2025 2024 (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 2,726 $ 5,890 Accounts receivable, net of allowance for doubtful accounts of $ 11,480 and $ 0 on June 30, 2025 and December 31, 2024, respectively 94,201 201,628 TOTAL CURRENT ASSETS 96,927 207,518 Intangible assets 10,811,698 4,284,185 TOTAL ASSETS $ 10,908,625 $ 4,491,703 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) CURRENT LIABILITIES Bank overdraft $ 240 $ - Accounts payable and accrued liabilities 641,333 518,946 Accrued compensation 763,753 588,751 Unsecured notes and accrued interest payable 165,428 164,935 Convertible notes and accrued interest - net of debt discount 1,734,295 1,513,737 Convertible notes and accrued interest - related party 90,818 89,568 Secured Promissory Notes and Accrued Interest 89,040 102,061 Promissory note and accrued interest - related party 529,081 522,374 Derivative liabilities 1,449,801 1,137,119 Advances from related parties 443,335 479,533 Related party loans and accrued interest 285,509 281,825 Self Liquidating Promissory Notes 135,833 133,333 TOTAL CURRENT LIABILITIES 6,328,466 5,532,182 TOTAL LIABILITIES 6,328,466 5,532,182 STOCKHOLDER'S EQUITY (DEFICIENCY) Preferred stock, Class B, $ 0.001 par value, 1,000,000 shares and authorized, 400,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 400 400 Preferred stock, Class C, $ 0.001 par value, 100,000 shares authorized, 100,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 100 100 Preferred stock, Class D, $ 0.001 par value, 100,000 shares authorized, 0 and 100,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively - 100 Preferred stock, Class F, $ 0.001

View Full Filing

View this 10-Q filing on SEC EDGAR