Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 32

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
     (44,490) 
     (46,463)
  
    Working capital cash transferred to Buyer 
     (125,431) 
     - 

    Net cash used in investing activities 
     (139,921) 
     (1,418,963)

    Net decrease in cash and cash equivalents 
     (168,323) 
     (928,901)
  
    Cash and cash equivalents, beginning of the period 
     168,323  
     1,358,806 
  
    Cash and cash equivalents, end of the period 
    $-  
    $429,905 

As
a result of this classification, prior period amounts have been reclassified to conform to the current period presentation.

    18

EIGHTCO
HOLDINGS INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

5.
RESTRUCTURING AND SEVERANCE

Restructuring
and severance charges consist of the following for the three and nine months ended September 30,
2025 and 2024, respectively:

SCHEDULE
OF RESTRUCTURING AND SEVERANCE 

    2025  
    2024  
    2025  
    2024 

    For the Three Months Ended  September 30,  
    For the Nine Months Ended  September 30, 

    2025  
    2024  
    2025  
    2024 

    Severance expense 
    $  -  
    $-  
    $   -  
    $1,404,038 
  
    Rent expense 
     -  
     -  
     -  
     10,800 
  
    Total restructuring and severance 
    $-  
    $-  
    $-  
    $1,414,838 

The
changes in the carrying amount of restructuring and severance liabilities for the period from January 1, 2025 through September 30, 2025
consisted of the following:

SCHEDULE
OF CHANGES IN RESTRUCTURING AND SEVERANCE LIABILITIES 

    Balance, January 1, 2025 
    $3,060,388 
  
    Additions and adjustments 
     - 
  
    Payments and adjustments 
     (177,