Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 820

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 820
---
337 
  
    Total assets 
    $1,798,239  
    $1,608,823 

    LIABILITIES 

    Current liabilities: 

    Accounts payable 
    $2,980  
    $942 
  
    Accrued expenses and other current liabilities 
     31,775  
     32,790 
  
    Income tax payable 
     72,976  
     - 
  
    Deferred tax liabilities 
     -  
     82,104 
  
    Total liabilities 
    $107,731  
    $115,836 

The
following summarizes the components of net income from discontinued operations for the years ended December 31, 2024 and 2023:

    2024  
    2023 

    Year Ended December 31, 

    2024  
    2023 

    Revenues 
     6,823,277  
     7,729,131 
  
    Cost of revenues 
     4,980,338  
     5,496,462 
  
    Gross profit: 
     1,842,939  
     2,232,669 

    Operating expenses: 

    Selling, general and administrative 
     1,439,964  
     1,530,024 
  
    Restructuring and severance 
     -  
     - 
  
    Operating income 
     402,975  
     702,645 

    Other (expense) income: 

    Interest (expense) 
     -  
     (112)
  
    Other income 
     6,613  
     34,168 
  
    Total other income, net 
     6,613  
     34,056 
  
    Income before income taxes 
     409,588  
     736,701 
  
    Income tax benefit 
     (9,128) 
     - 
  
    Net income from discontinued operations 
    $418,716  
    $736,701 

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

    F-17

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and