Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 29

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
 1, 2025. The following summarizes the transaction:

SCHEDULE
OF DIVESTITURES ON DISCONTINUED OPERATIONS 

    April 1, 

    2025 

    Consideration: 

    Cash 
     557,835 
  
    Seller note 
     2,500,000 
  
    Total consideration 
    $3,057,835 

    Assets Disposed: 

    Cash and cash equivalents 
    $125,431 
  
    Accounts receivable, net 
     771,162 
  
    Inventories 
     179,923 
  
    Prepaid expenses and other current assets 
     144,668 
  
    Property and equipment, net 
     641,271 
  
    Total assets 
    $1,862,455 
  
    Less: assumed liabilities by the Buyers 
     (36,394)
  
    Net assets disposed of in divestiture 
    $1,826,061 

    Gain on divestiture 
    $1,231,774 

As
a result of the sale, the Company has classified the historical operations of Ferguson Containers as discontinued operations in the consolidated
financial statements for all periods presented. Assets and liabilities associated with Ferguson Containers have been classified as “held
for sale” as of December 31, 2024.

The
following summarizes the components of the assets and liabilities from discontinued operations as of September 30, 2025 and December
31, 2024:

SCHEDULE
OF DISCONTINUED OPERATIONS 

    September 30,  
    December 31, 

    2025  
    2024 

    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $-  
    $168,323 
  
    Accounts receivable, net 
     -  
     788,317 
  
    Inventories 
     -  
     101,577 
  
    Prepaid expenses and other current assets 
     -  
     105,249 
  
    Property and equipment, net 
     -  
     634,773 
  
    Total assets 
    $-  
    $1,798,239 

    LIABILITIES 

    Current liabilities: 

    Accounts payable 
    $-  
    $2,980 
  
    Accrued expenses and other current