Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 439

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 439
---
 value, 500,000,000 shares authorized
and 2,479,363 and 941,284
shares outstanding at December 31, 2024 and December 31, 2023, respectively 
    $2,479  
    $941 
  
    Additional paid-in capital 
     124,129,543  
     108,620,943 
  
    Accumulated deficit 
     (112,570,049) 
     (113,278,588)
  
    Foreign currency translation 
     368,481  
     723,303 
  
    Total stockholders’ (deficit) attributable to Eightco Holdings Inc. 
     11,930,454  
     (3,933,401)
  
    Non-controlling interest 
     (414,514) 
     (414,502)
  
    Total stockholders’ equity (deficit) 
     11,515,940  
     (4,347,903)
  
    Total liabilities and stockholders’ equity (deficit) 
    $50,848,355  
    $55,411,443 

The
accompanying notes are an integral part of these consolidated financial statements.

F-3

EIGHTCO
HOLDINGS INC.

CONSOLIDATED
STATEMENTS OF OPERATIONS

For
the Years ended December 31, 2024 and 2023

    2024  
    2023 
  
    Revenues, net 
    $39,621,272  
    $67,568,353 
  
    Cost of revenues 
     33,639,274  
     61,308,561 
  
    Gross profit 
     5,981,998  
     6,259,792 

    Operating expenses: 

    Selling, general and administrative expenses 
     12,759,719  
     14,805,627 
  
    Restructuring and severance 
     1,414,838  
     2,133,982 
  
    Total operating expenses 
     14,174,557  
     16,939,609 
  
    Operating loss 
     (8,192,559) 
     (10,679,817)

    Non-operating income (expense): 

    Interest expense 
     (5,287,920) 
     (