AHRO 8-K
Authentic Holdings, Inc. (AHRO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
On August 29th, 2022, the joint venture between Inventel Products LLC and Authentic Heroes, Inc., known as “Old is Gold” received a purchase order for $800,000 from the company known as “Best of As Seen On TV” of Westchester, PA. The order is for 40,000 units at $20.00 per unit of the “Old is Gold Christmas” vinyl album with a delivery date in mid-October. The order will be accounted for as “Deferred Revenue” for the 3rd quarter reporting period and will convert to “Recognized Revenue” upon the shipping to the customer
Authentic Heroes is a majority owned subsidiary of Global Fiber Technologies, Inc. and the 51% joint venture partner of “Old is Gold”
INDEX TO EXHIBITS
Item 9.01 Financial Statements and Exhibits
Exhibit No. |
| Description |
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
| 2 |
Date: August 30th, 2022
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.
| Global Fiber Technologies, Inc. | ||
| By: | /s /Chris H Giordano | |
| President | |
| 3 |
EXHIBIT 10.1
