$AHRO
Authentic Holdings, Inc.

2021 Q4 Form 10-K Financial Statement

#000147793222002432 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $5.660K $5.854K $3.990K
YoY Change 41.85% 46.57% 102.54%
Cost Of Revenue $60.82K $63.81K $26.86K
YoY Change 126.43% 137.6%
Gross Profit -$55.16K -$57.96K -$22.87K
YoY Change 141.19% 153.5%
Gross Profit Margin -974.56% -990.09% -573.18%
Selling, General & Admin $28.12K $164.7K $228.4K
YoY Change -87.69% -27.88% 36.72%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.49K $118.7K $12.81K
YoY Change 130.21% 3.27% -0.77%
% of Gross Profit
Operating Expenses $57.60K $283.4K $343.3K
YoY Change -83.22% -17.45% 105.49%
Operating Profit -$112.8K -$341.4K -$366.2K
YoY Change -69.21% -6.78%
Interest Expense $154.5K -$1.060M -$769.7K
YoY Change -120.08% 37.7% 170.89%
% of Operating Profit
Other Income/Expense, Net $1.060M
YoY Change
Pretax Income $41.79K -$1.401M -$1.136M
YoY Change -103.68% 23.36% 152.84%
Income Tax
% Of Pretax Income
Net Earnings $41.79K -$1.401M -$1.136M
YoY Change -103.68% 23.36% 152.84%
Net Earnings / Revenue 738.34% -23936.4% -28467.92%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $29.03 -$1.078K -$2.021K
COMMON SHARES
Basic Shares Outstanding 1.300B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $8.550K
YoY Change -100.0% -100.0% 78.5%
Cash & Equivalents $0.00 $0.00 $8.548K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00 $0.00
YoY Change -100.0%
Inventory $0.00 $0.00 $60.82K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $0.00 $69.36K
YoY Change -100.0% -100.0% -57.14%
LONG-TERM ASSETS
Property, Plant & Equipment $112.4K $112.4K $163.1K
YoY Change -31.07% -31.07% -37.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $173.9K $173.9K $238.7K
YoY Change -27.17% -40.57% -27.5%
TOTAL ASSETS
Total Short-Term Assets $0.00 $0.00 $69.36K
Total Long-Term Assets $173.9K $173.9K $238.7K
Total Assets $173.9K $173.9K $361.9K
YoY Change -51.96% -51.96% -26.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $274.9K $274.9K $300.0K
YoY Change -8.38% -8.3% 42.02%
Accrued Expenses $501.3K $501.3K $501.3K
YoY Change 0.0% 0.0% -8.57%
Deferred Revenue
YoY Change
Short-Term Debt $1.554M $1.554M $1.420M
YoY Change 9.44% 9.44% 9.03%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.853M $3.853M $3.140M
YoY Change 22.72% 22.72% -6.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.853M $3.853M $3.140M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.853M $3.853M $3.140M
YoY Change 22.72% 22.72% -6.56%
SHAREHOLDERS EQUITY
Retained Earnings -$35.22M -$33.82M
YoY Change 4.14%
Common Stock $1.450M $1.253M
YoY Change 15.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.679M -$3.679M -$2.778M
YoY Change
Total Liabilities & Shareholders Equity $173.9K $173.9K $361.9K
YoY Change -51.96% -51.96% -26.31%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $41.79K -$1.401M -$1.136M
YoY Change -103.68% 23.36% 152.84%
Depreciation, Depletion And Amortization $29.49K $118.7K $12.81K
YoY Change 130.21% 3.27% -0.77%
Cash From Operating Activities -$17.64K -$174.3K $84.67K
YoY Change -120.83% 1340.33% -218.35%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$78.17K
YoY Change -100.0% -100.0% 47.49%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$78.17K
YoY Change -100.0% -100.0% 47.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.64K $165.8K -117.0K
YoY Change -115.08% 76.29% -247.86%
NET CHANGE
Cash From Operating Activities -17.64K -$174.3K 84.67K
Cash From Investing Activities 0.000 $0.00 -78.17K
Cash From Financing Activities 17.64K $165.8K -117.0K
Net Change In Cash 0.000 -$8.548K -110.5K
YoY Change -100.0% -327.7% 143.17%
FREE CASH FLOW
Cash From Operating Activities -$17.64K -$174.3K $84.67K
Capital Expenditures $0.00 $0.00 -$78.17K
Free Cash Flow -$17.64K -$174.3K $162.8K
YoY Change -110.83% -363.83% -978.32%

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CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
13631 USD
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
0 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
47184 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
60815 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
216398 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
216398 USD
CY2021Q4 gftx Forklift
Forklift
20433 USD
CY2020Q4 gftx Forklift
Forklift
20433 USD
CY2021Q4 gftx Total Fixed Assets
TotalFixedAssets
236831 USD
CY2020Q4 gftx Total Fixed Assets
TotalFixedAssets
236681 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
124415 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
73738 USD
CY2021Q4 us-gaap Assets Net
AssetsNet
112416 USD
CY2020Q4 us-gaap Assets Net
AssetsNet
163093 USD
CY2021 us-gaap Depreciation
Depreciation
50677 USD
CY2020 us-gaap Depreciation
Depreciation
49944 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y
CY2021 gftx Amortization For The Intangible Assets
AmortizationForTheIntangibleAssets
148096 USD
CY2020 gftx Amortization For The Intangible Assets
AmortizationForTheIntangibleAssets
148096 USD
CY2021 gftx Less Accumulated Amortization
LessAccumulatedAmortization
-86630 USD
CY2020 gftx Less Accumulated Amortization
LessAccumulatedAmortization
-18634 USD
CY2021 gftx Amortization For The Intangible Assets Net
AmortizationForTheIntangibleAssetsNet
61466 USD
CY2020 gftx Amortization For The Intangible Assets Net
AmortizationForTheIntangibleAssetsNet
129462 USD
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
67996 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
64966 USD
CY2021 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
10000 USD
CY2020 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
76268 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the valuation of stock-based awards issued and derivatives embedded in financial instruments. Estimates are used in the determination of depreciation, the valuation of non-cash issuances of common stock, stock options and warrants, valuing convertible notes for beneficial conversion features, among others.</p>
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1667700 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
620149 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The carrying value of short-term financial instruments, including cash, restricted cash, trade accounts receivable, accounts payable, accrued expenses and short-term debt, approximates the fair value of these instruments. These financial instruments generally expose the Company to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate the market. The Company maintains cash balances at financial institutions that are insured by the FDIC. At December 31, 2021 and December 31, 2020, the Company had no amounts in excess of the FDIC limit.</p>
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1450210322 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1253239584 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
794664070 shares
CY2020Q2 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
173500 USD
CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
16142 USD
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
649742 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2021 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
0.002
CY2020 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
0.002
CY2021 gftx Outstanding Principal Amount
OutstandingPrincipalAmount
334500 USD
CY2020 gftx Outstanding Principal Amount
OutstandingPrincipalAmount
308460 USD
CY2020 gftx Note Discount
NoteDiscount
0 USD
CY2021 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
94916 USD
CY2020 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
41462 USD
CY2021 gftx Balance December312019
BalanceDecember312019
620149 USD
CY2021 gftx Reduction Of Derivative Liabilities From Convertible Notes To Shares Of Common Stock
ReductionOfDerivativeLiabilitiesFromConvertibleNotesToSharesOfCommonStock
-284150 USD
CY2021 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
719529 USD
CY2021 gftx Balance December312020
BalanceDecember312020
1058528 USD
CY2019Q2 gftx Total Acquired Assets And Assumed Liabilities Gross
TotalAcquiredAssetsAndAssumedLiabilitiesGross
291613 USD
CY2019Q2 gftx Less Assumed Liabilities
LessAssumedLiabilities
16336 USD
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
275277 USD
CY2021 gftx Net Cash Proceeds Of Received From Related Parties For Operating Expenses
NetCashProceedsOfReceivedFromRelatedPartiesForOperatingExpenses
165761 USD
CY2021 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
operating lease for an office premise had expired on October 1 and the lease was not renewed.
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
506 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
15385 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
30514150 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
29845293 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6386972 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6267512 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
6386972 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
6267512 USD
CY2021Q4 gftx Deferred Tax Assets Gross Currents
DeferredTaxAssetsGrossCurrents
0 USD
CY2020Q4 gftx Deferred Tax Assets Gross Currents
DeferredTaxAssetsGrossCurrents
0 USD
CY2020Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
30500000 USD
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
110762210 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
594010320 shares

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