Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 186

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 186
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 table sets forth information comparing the components of net (loss) income from continuing operations for the years ended December
31, 2024 and 2023:

    Year Ended December 31,  
    Period over Period Change 

    2024  
    2023  
    $  
    % 

    Revenues, net: 

    Inventory Management Solutions 
    $39,621,272  
    $67,568,353  
    $(27,947,081) 
     -41.36%

    Cost of revenues: 

    Inventory Management Solutions 
     33,639,274  
     61,308,561  
     (27,669,287) 
     -45.13%

    Gross profit: 

    Inventory Management Solutions 
     5,981,998  
     6,259,792  
     (277,794) 
     -4.44%

    Operating expenses: 

    Selling, general and administrative 
     12,759,719  
     14,805,627  
     (2,045,908) 
     -13.82%
  
    Restructuring and severance 
     1,414,838  
     2,133,982  
     (719,144) 
     -33.70%
  
    Operating loss 
     (8,192,559) 
     (10,679,817) 
     2,487,258  
     -23.29%

    Other (expense) income: 

    Interest expense 
     (5,287,920) 
     (11,553,477) 
     6,265,557  
     -54.23%
  
    Gain on forgiveness of earnout 
     6,100,000  
     -  
     6,100,000  
     100.00%
  
    Gain on extinguishment of liabilities 
     7,427,193  
     -  
     7,427,193  
     100.00%
  
    Loss on issuance of warrants 
     -  
     (46,928,815) 
     46,928,815  
     -100.00%
  
    Other income 
     107,760