Company: ORBS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012159
Chunk: 8

Company: Eightco Holdings Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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estiture includes the gain recognized related to the sale of the assets of Ferguson Containers, Inc.

Gain
on Extinguishment of Liabilities

Gain
on extinguishment of liabilities includes the gain recognized related to the write-down of liabilities due to settlements.

Other
Income

Other
income includes the interest income received from the Wattum Note and Reichard Containers Note.

33

Results
of Operations

Three
Months Ended June 30, 2025 versus Three Months Ended June 30, 2024

The
following table sets forth information comparing the components of net (loss) income from continuing operations for the three months
ended June 30, 2025 and 2024:

    Three Months Ended June 30,  
    Period over Period Change 

    2025  
    2024  
    $  
    % 

    Revenues, net 
    $7,578,646  
    $5,283,593  
    $2,295,053  
     43.44%
  
    Cost of revenues 
     6,333,350  
     3,959,810  
     2,373,540  
     59.94%
  
    Gross profit 
     1,245,296  
     1,323,783  
     (78,487) 
     -5.93%

    Operating expenses: 

    Selling, general and administrative 
     2,451,832  
     2,191,948  
     259,884  
     11.86%
  
    Restructuring and severance 
     -  
     -  
     -  
     0.00%
  
    Operating loss 
     (1,206,536) 
     (868,165) 
     (338,371) 
     38.98%

    Other (expense) income: 

    Interest income (expense) 
     (1,276,726) 
     (1,323,594) 
     46,868  
     -3.54%
  
    Gain on divestiture 
     1,231,774  
     -  
     1,231,774  
     100.00%
  
    Gain on extinguishment of liabilities 
     -  
     6,497