Authentic Holdings Inc. is a multi-faceted media and merchandising company focused on creating collectible products tied to sports, entertainment, and music, operating under innovative models including NFTs and television networks.

# Summary of Authentic Holdings Inc.

## Company Overview
Authentic Holdings Inc., formerly known as Global Fiber Technologies, Inc., is a multi-faceted media and merchandising company incorporated in Nevada on March 25, 2005. The company has several subsidiaries and primarily focuses on creating unique products tied to sports, entertainment, and music. 

### Key Operations:
1. **Authentic Heroes, Inc. (AHI)**
   - **Business Model**: Produces “Fan-wear” collectibles made from original event-worn apparel of iconic figures. These items have QR Codes for tracking provenance on a blockchain.
   - **Patent**: Holds a patent (No. US 10,781,539 B2) that covers its manufacturing process.
   - **Product Offerings**: Minted 500,000 NFTs as part of a free music NFT promotion tied to the “Old is Gold” Christmas album and has pressed 150,000 vinyl records under that same album title.

2. **Maybacks Global Entertainment LLC**
   - **Acquisition Date**: Acquired on April 26, 2023.
   - **Business Model**: Operates as an Over-the-Air and platform-driven television network.
   - **Current Capacity**: Expanded from a 25-channel network to 56 channels within a year.
   - **Content**: Broadcasts movies, sports, serial television shows, and live events from its owned library.
   - **Revenue Generation**: Through advertisements, revenue share programs, Vast Tags, and channel access fees.
   - **Employees**: Operates with three full-time employees and outsourced logistics and broadcasting to Wise DV.

3. **Goliath Motion Picture Promotions**
   - **Acquisition Date**: Closed an asset purchase on June 20, 2023; subsequently the deal was converted to a 10-year licensing agreement due to incomplete asset delivery.
   - **Tokenization Initiative**: Plans to “tokenize” over 14,000 titles and market them for distribution across its platforms. 
   - **Market Expansion**: Intends to promote the tokenized platform to other television networks and film production companies.

## Financial Overview
- **Revenue**: The company has experienced limited revenue generation, with a reported net loss of:
  - **$1,320,137 for the year ended December 31, 2024**.
  - **$1,658,455 for the year ended December 31, 2023**.
- **Accrued Deficit**: Accumulated deficit reported at **$39,358,905 as of December 31, 2024**.
- **Working Capital**: Net working capital deficit of **$5,324,665**.
- **Cash Position**: As of December 31, 2024, the company had only **$5,890 in cash**.

## Employees
- The company has a total of **three full-time employees** at its Maybacks subsidiary, with other officers and directors providing their time at no cost.

## Customer Base
- The company does not provide specific details regarding the number of customers or clients currently using its services or products. They focus on a variety of entertainment markets but are in competition with larger firms in similar sectors.

## Conclusion
Authentic Holdings Inc. operates within media, merchandising, and over-the-air broadcasting, struggling with profitability amidst significant debts. They rely heavily on innovative approaches like blockchain technology and NFTs but face stiff competition and financial constraints. The future of the company depends on successful operational strategies and increased revenue generation from its business units.

Authentic Holdings Inc. is a media and merchandising company focused on collectibles and digital assets, including NFTs and over-the-air television services, currently facing financial challenges.

# Company Overview: Authentic Holdings Inc.

## General Information
- **Formerly Known As:** Global Fiber Technologies, Inc.
- **Incorporation Date:** March 25, 2005
- **Headquarters:** 50 Division Street, Suite 500, Somerset, NJ 08873
- **Website:** [http://globalfibertechnologies.com](http://globalfibertechnologies.com)

## Business Structure
Authentic Holdings Inc. is a **multi-faceted media and merchandising company** that operates several subsidiaries, including:
- **Authentic Heroes, Inc. (AHI)**
- **Maybacks Global Entertainment LLC**
- **Goliath Motion Picture Promotions**

## Key Operations and Products
1. **Authentic Heroes, Inc.**:
   - Focuses on creating **“Fan-Wear” collectibles** made from original event-worn apparel of iconic individuals.
   - Products use patented technology to embed **QR Codes** linked to a **Blockchain**, ensuring provenance and authenticity.
   - Engaged in producing **vinyl records**, pressing over **150,000 units** of "Old is Gold" Christmas records.
   - Developed an **NFT platform** on the Ethereum Blockchain, ready to house millions of NFTs, having minted **500,000 NFTs** related to its music offerings.

2. **Maybacks Global Entertainment LLC**:
   - Functions as an **Over-the-Air television network** that has grown to offer **56 channels**.
   - Programming includes a variety of content such as movies, sports, and live events.
   - Generates revenue through advertising insertions, revenue-sharing programs, and channel access fees.
   - The network broadcasts via platforms like Roku and has the potential to reach over **450 million** households.

3. **Goliath Motion Picture Promotions**:
   - Focused on licensing **full-length motion pictures and serial television shows**.
   - Following an amendment, the licensing is now valid for **10 years** with plans to tokenize the library of **14,000+ titles**.

## Financial Performance
- **Revenue:** The company has not generated any revenue for the years ended December 31, 2023, and 2022. However, it anticipates future earnings through advertising agreements and the launch of its tokenization process.
- **Income/Loss:** The company reported a net loss of **$1,658,455** in 2023, an increase from **$1,157,783** in 2022. The accumulated deficit increased to approximately **$38 million**.
- **Working Capital Deficit:** As of December 31, 2023, the company reported a working capital deficit of **$4,998,581**.
  
## Workforce
- **Employees:** The company has **three full-time employees** at Maybacks Global Entertainment. Other positions are largely filled by outsourcing, and executives contribute their time without remuneration at this time.

## Target Market
- The primary target market includes **sports and music memorabilia collectors**, **fans of iconic personalities**, and **television viewers** seeking alternative network programming.

## Competitive Landscape
- Competes against larger organizations such as **Sling TV** (owned by DISH Network), and brands in the collectible market like **Fanatics** and **Nike**.

## Challenges
- The company faces substantial risks, including reliance on successful fundraising to sustain operations, competition from larger firms, and the ability to generate positive cash flows due to its current financial challenges.

Overall, Authentic Holdings Inc. is positioned within niche markets focusing on collectibles, media distribution, and emerging technologies like NFTs, but struggles with capital and revenue generation in a competitive landscape.

Authentic Holdings, Inc.

10-K / April 16, 2025

10-K / June 12, 2024

10-K / April 16, 2025

Summary of Authentic Holdings Inc.

Company Overview

Key Operations:

Financial Overview

Employees

Customer Base

Conclusion