Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 101

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 101
---
 to evaluate
the performance of, and to assign resources to, each of the reportable segments.

The Company does not allocate impairment charges, interest expense, income
taxes, or other non-operating income or expenses to segments. Segment asset information is disclosed where reviewed by the CODM.

Segment
information available with respect to these reportable business segments for the year ended December 31, 2024 and 2023 was as follows:

SCHEDULE OF BUSINESS SEGMENTS 

    For the Years Ended December 31, 

    2024  
    2023 

    Revenues:  

    Inventory Management Solutions  
    $39,621,272  
    $67,568,353 
  
    Corrugated
    Packaging (Discontinued Operations)  
     6,823,277  
     7,729,131 
  
    Total segment and consolidated revenues  
    $46,444,549  
    $75,297,484 

    Cost of revenues:  

    Inventory Management Solutions  
    $33,639,274  
    $61,308,561 
  
    Corrugated
    Packaging (Discontinued Operations)  
     4,980,338  
     5,496,462 
  
    Total segment and consolidated cost of revenues  
    $38,619,612  
    $66,805,023 

    Gross profit:  

    Inventory Management Solutions  
    $5,981,998  
    $6,259,792 
  
    Corrugated
    Packaging (Discontinued Operations)  
     1,842,939  
     2,232,669 
  
    Total segment and consolidated gross profit  
    $7,824,937  
    $8,492,461 

    Income from operations:  

    Inventory Management Solutions  
    $(2,753,757) 
    $(3,063,241)
  
    Corrugated Packaging (Discontinued
    Operations)  
     402,975  
     702,645 
  
    Corporate  
     (6,368,802) 
     (7,116,576)
  
    Total segment and consolidated income from operations  
    $(8,719,584) 
    $(9,477,172)

    Depreciation and amortization:  

    Inventory Management