Authentic Holdings, Inc. SEC 10-Q Report

Authentic Holdings, Inc., a diversified entertainment and media company, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational developments, reflecting the company's strategic initiatives and growth trajectory in the entertainment industry.

Financial Highlights

Revenues: The company reported revenues of $250,477 for the six months ended June 30, 2025, a substantial increase from $67,572 for the same period in 2024. This growth was driven by expanded agreements and content distribution.

Gross Profit: Gross profit improved significantly to $178,387, up from $25,153 in the prior year period, indicating better cost management and increased sales.

Income/(Loss) from Operations: The operating loss widened to $(580,674) compared to $(426,573) in the previous year, primarily due to increased operating expenses related to acquisitions and organizational growth.

Net Income (Loss): The net loss for the six months ended June 30, 2025, increased to $(1,024,138) from $(151,861) in the same period in 2024, impacted by higher operating expenses and interest costs.

Earnings (loss) per share: The loss per share remained unchanged at $(0.000), reflecting the company's ongoing challenges in achieving profitability.

Business Highlights

Maybacks Network Expansion: Maybacks Global Entertainment LLC, a wholly owned subsidiary, has expanded its network from 25 to 42 channels over the past year. The network now broadcasts a variety of programs including movies, sports, serial television shows, and live events. This expansion is part of the company's strategy to capitalize on the 'cutting the cord' trend and offer free TV and channel access at competitive rates.

Goliath Motion Picture Promotions Acquisition: The company completed the acquisition of assets from Goliath Motion Picture Promotions, which includes a library of full-length motion pictures and serial television shows. This acquisition is expected to enhance content distribution capabilities on the Maybacks Global Entertainment network and create new revenue streams through Video on Demand and content monetization partnerships.

Authentic Heroes Licensing: Authentic Heroes, a subsidiary, has signed a licensing agreement with NFL Quarterback Tommy DeVito for its patented 'Fan-Wear' collectibles. The company plans to launch this product line at the start of the NFL 2025 season and is in discussions with other athletes for similar agreements.

Vinyl Record Production: The Authentic Heroes subsidiary has produced 150,000 vinyl records under the 'Old is Gold' Christmas series and plans to expand this division with new theme-based vinyl records for various holidays. The company is also working to resolve customs issues to bring back 146,000 vinyl albums stored in China.

NFT Platform Development: The company has developed an NFT platform on the Ethereum Blockchain, capable of housing millions of NFTs. It has minted 500,000 NFTs as part of a promotional campaign and plans to roll out music NFTs once regulatory guidelines are clear.

Future Outlook: The company aims to increase revenue through expanded advertising agreements, content distribution partnerships, and the launch of new product lines. It is also exploring opportunities in Pay-Per-View events and further expansion of its NFT offerings.

SEC Filing: Authentic Holdings, Inc. [ AHRO ] - 10-Q - Aug. 19, 2025