Authentic Holdings Files 8-K on Financials

TL;DR

AHRO filed an 8-K on Dec 4th detailing financial results. Check it out.

AI Summary

Authentic Holdings, Inc. filed an 8-K on December 4, 2024, reporting on its Results of Operations and Financial Condition. The company, formerly known as Global Fiber Technologies, Inc., is incorporated in Nevada and headquartered in Somerset, NJ.

Why It Matters

This filing provides crucial updates on the financial performance and operational status of Authentic Holdings, Inc., which is important for investors to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for financial results, not indicating any immediate or significant new risks.

Key Players & Entities

• Authentic Holdings, Inc. (company) — Registrant
• Global Fiber Technologies, Inc. (company) — Former company name
• December 4, 2024 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• Somerset, NJ (location) — Principal business address

FAQ

Key Financial Figures

• $36,195 — October and November 2024, we collected $36,195 in ad revenue from our insert ad invent
• $99,821.35 — For the same period, Bauza Media booked $99,821.35 in ad sales, which will be reported on
• $82,209 — in the first week, Maybacks has booked $82,209 in ad sales with three weeks left in th

Filing Documents

• ahro_8k.htm (8-K) — 27KB
• 0001477932-24-007832.txt ( ) — 137KB
• ahro-20241204.xsd (EX-101.SCH) — 6KB
• ahro-20241204_lab.xml (EX-101.LAB) — 12KB
• ahro-20241204_cal.xml (EX-101.CAL) — 1KB
• ahro-20241204_pre.xml (EX-101.PRE) — 8KB
• ahro-20241204_def.xml (EX-101.DEF) — 2KB
• ahro_8k_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. "Over the Air" Revenue Growth for October and December In September of 2024, we concluded our agreement with Worldlink Media in favor of another media buying agency - Bauza Media. As a result, instead of reporting on a "cash basis," as we did with Worldlink we are now reporting on an "accrual basis," which allows us to invoice the ad agencies directly and then book all ad sales as receivables which we were not able to do with our arrangement with Worldlink Media. In addition to marketing Comfy TV, Bauza Media is now marketing our iCowboy and Movie Giant channels and has plans to start marketing additional channels in 2025. Maybacks has 31 channels of which only 3 are being marketed at this moment, which we believe leaves extraordinary growth potential as we continue to have the balance of the channels marketed in the future. For the period of October and November 2024, we collected $36,195 in ad revenue from our insert ad inventory sales. For the same period, Bauza Media booked $99,821.35 in ad sales, which will be reported on our balance sheet and subsequently on our income statement as we collect on the invoices from the ad agencies. For the December "broadcast month," which we are only in the first week, Maybacks has booked $82,209 in ad sales with three weeks left in the broadcast month. We are very encouraged by this rapid growth in ad revenue for the three "Over the Air" channels that are being marketed and look forward to adding additional channels in 2025 to fuel the Company's growth even further in the OTA side of the Maybacks business. Streaming Revenue Model to Launch in late December Our digital ads program aka Vast Tags was approved for on-ramping and launch with Whale TV https://www.whaletv.com/ yesterday December 3, 2024. Whale TV is the operating system for over 400 Smart TV brands such as Phillips, JVC and RCA to name a few. Whale TV is our Vast Tag ad partner. 2 Whale will be

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Authentic Holdings, Inc. Date: December 4, 2024 By: /s/ Chris Giordano Name: Chris Giordano Title: President 4

View Full Filing

View this 8-K filing on SEC EDGAR