Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 583

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 583
---
,248,657 

6.
INVENTORIES

Inventories
consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE
OF INVENTORIES 

    December 31,
                                                                              2024  
    December 31,
                                                                              2023 

    Raw materials 
    $-  
    $22,116 
  
    Finished goods 
     8,435,928  
     6,657,791 
  
    Reserve for obsolescence 
     (500,000) 
     (600,000)
  
    Total inventories 
     7,935,928  
     6,079,907 
  
    Less: inventories – discontinued operations 
     (101,577) 
     (114,300)
  
    Inventories – continuing operations 
    $7,834,351  
    $5,965,607 

7.
OTHER CURRENT ASSETS

Other
current assets consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE OF OTHER CURRENT ASSETS 

    December
    31, 2024  
    December
                                            31, 2023

    Advances for inventory
    purchases 
    $949,641  
    $517,228 
  
    Prepaid insurance 
     53,601  
     91,075 
  
    Deposits 
     72,744  
     4,994 
  
    Due from customer 
     -  
     106,846 
  
    Other 
     31,286  
     87,765 
  
    Total other current assets 
     1,107,272  
     807,908 
  
    Less:
    other current assets – discontinued operations 
     (105,249) 
     (129,893)
  
    Other
    current assets – continuing operations 
    $1,002,023  
    $678,015 

8.
LOAN HELD-FOR-INVESTMENT, RELATED PARTY

Loan
held-for-investment, related party, represents a senior secured promissory note from Wattum Management Inc., a non-controlling
member of CW Machines, LLC, a related party. The note bears interest of 5% per annum and matures on October 12, 2026