2024 Q4 Form 10-Q Financial Statement

#000147793224007452 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $97.10K $0.00
YoY Change
Cost Of Revenue $42.68K $0.00
YoY Change
Gross Profit $54.42K $0.00
YoY Change
Gross Profit Margin 56.05%
Selling, General & Admin $45.70K
YoY Change
% of Gross Profit
Research & Development $0.00 $2.000K
YoY Change -100.0% -97.14%
% of Gross Profit 0.0%
Depreciation & Amortization $270.6K
YoY Change 2606.4%
% of Gross Profit
Operating Expenses $222.4K $312.1K
YoY Change 162.68% 290.11%
Operating Profit -$167.9K -$312.1K
YoY Change 98.39% 290.11%
Interest Expense -$55.64K
YoY Change -94.55%
% of Operating Profit
Other Income/Expense, Net $0.00 -$62.04K
YoY Change -100.0%
Pretax Income -$711.1K
YoY Change -35.36%
Income Tax
% Of Pretax Income
Net Earnings -$361.0K -$711.1K
YoY Change -49.86% -35.36%
Net Earnings / Revenue -371.79%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 2.253B shares 2.240B shares 1.978B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $125.00 $0.00
Short-Term Investments
Other Short-Term Assets $625.0K
YoY Change -0.79%
Inventory
Prepaid Expenses
Receivables $33.53K $0.00
Other Receivables
Total Short-Term Assets $658.7K $625.0K
YoY Change 46.18% 0.0%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $21.72K
YoY Change -100.0% -68.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.394M $4.793M
YoY Change 8611.63% 5429.65%
TOTAL ASSETS
Total Short-Term Assets $658.7K $625.0K
Total Long-Term Assets $4.394M $4.793M
Total Assets $5.053M $5.418M
YoY Change 908.55% 661.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $316.9K
YoY Change 37.77%
Accrued Expenses $501.3K
YoY Change 0.25%
Deferred Revenue
YoY Change
Short-Term Debt $2.612M
YoY Change 4.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.387M $5.624M
YoY Change -3.65% 7.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.387M $5.624M
Total Long-Term Liabilities $0.00
Total Liabilities $5.624M
YoY Change 7.53%
SHAREHOLDERS EQUITY
Retained Earnings -$38.55M -$38.04M
YoY Change 3.28% 4.56%
Common Stock $2.253M $2.024M
YoY Change 20.09% 29.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$333.9K -$205.5K
YoY Change
Total Liabilities & Shareholders Equity $5.053M $5.418M
YoY Change 908.55% 661.3%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$361.0K -$711.1K
YoY Change -49.86% -35.36%
Depreciation, Depletion And Amortization $270.6K
YoY Change 2606.4%
Cash From Operating Activities $42.77K
YoY Change -161.1%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.77K
YoY Change -171.28%
NET CHANGE
Cash From Operating Activities 42.77K
Cash From Investing Activities 0.000
Cash From Financing Activities -42.77K
Net Change In Cash 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities $42.77K
Capital Expenditures $0.00
Free Cash Flow $42.77K
YoY Change -161.1%

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Advances are amounts provided to Inventel Products LLC for the production of vinyl records, to be sold through the Company’s joint venture.</p>
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us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
In accordance with Section 382 of the U.S. Internal Revenue Code, the usage of the Company’s net operating loss carry forwards is subject to annual limitations following greater than 50% ownership changes. Tax returns for the years ended 2019 through 2023 are subject to review by the tax authorities
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CY2023Q2 ahro Finite Lived Intangible Asset Estimate Useful Life
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us-gaap Profit Loss
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ahro Depreciation Expense
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ahro Amortization For The Intangible Assets
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us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
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us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">At September 30, 2024, receivables from 3 customers represented 78% of the accounts receivable balance.              </p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">During the nine months ended September 30, 2024, 80% of sales were through the Company’s agent channel.</p>
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability
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1248041 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2024Q3 us-gaap Preferred Stock Shares Issued
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604762 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2024Q3 us-gaap Common Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2024Q3 ahro Unsecured Note Payable
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CY2024Q3 ahro Accrued Interest
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63989 usd
CY2023Q4 ahro Accrued Interest
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CY2024Q3 us-gaap Other Notes Payable
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CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
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CY2024Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1051664 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
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CY2024Q3 ahro Convertible Note Payable Discount
ConvertibleNotePayableDiscount
-2486 usd
CY2023Q4 ahro Convertible Note Payable Discount
ConvertibleNotePayableDiscount
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CY2024Q3 ahro Accrued Interestate
AccruedInterestate
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CY2023Q4 ahro Accrued Interestate
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295986 usd
CY2024Q3 ahro Convertible Notes And Accrued Interest
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CY2023Q4 ahro Convertible Notes And Accrued Interest
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CY2023Q4 us-gaap Derivative Liabilities
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us-gaap Derivative Fair Value Hedge Included In Effectiveness Gain Loss
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CY2024Q3 us-gaap Derivative Liabilities
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1248041 usd
CY2024Q3 ahro Present Value Of Future Insurance Profits Amortization Expense Yearone
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearone
125175 usd
CY2024Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearTwo
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CY2024Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree
500700 usd
CY2024Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Four
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CY2024Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Five
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFive
500700 usd
CY2024Q3 ahro Present Value Of Future Insurance Profits Amortization Expense Year Six
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CY2024Q3 ahro Present Value Of Future Insurance Profits Amortization Expense
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2628675 usd
CY2024Q3 ahro Present Value Of Future Insurance Profits Amortization Expense Year Thereafter
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CY2024Q3 ahro Total Estimated Future Amortization
TotalEstimatedFutureAmortization
4381125 usd
ahro Net Cash Proceeds
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ahro Net Cash Proceeds
NetCashProceeds
27913 usd
ahro Advances From Related Parties Debt
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ahro Advances From Related Parties Debt
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1050401554 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2433029215 shares

Files In Submission

Name View Source Status
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ahro_10q_htm.xml Edgar Link completed