Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 814

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 814
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 of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive.

 SCHEDULE OF EARNINGS PER SHARE COMMON STOCK EQUIVALENTS ANTI DILUTIVE 

    December 31,
                                                                              2024  
    December 31,
                                                                              2023 

    Convertible shares under notes payable  
     -  
     489,031 
  
    Warrants for noteholders and placement agent  
     -  
     44,217 
  
    Warrants for equity investors and placement agent  
     -  
     145,600 
  
    Shares reserved for issuance for preferred units of Forever 8 Fund, LLC  
     -  
     43,000 
  
    Convertible notes payable issued in acquisition of Forever 8 Fund, LLC  
     43,598  
     54,767 
  
    Shares reserved for contingent consideration for acquisition of Forever 8 Fund, LLC  
     -  
     74,000 
  
    Total common stock equivalents  
     43,598  
     850,615 

Deferred
Financing Costs. Deferred financing costs include debt discounts and debt issuance costs related to a recognized debt liability and
are presented in the balance sheet as a direct deduction from the carrying value of the debt liability. Amortization of deferred financing
costs are included as a component of interest expense. Deferred financing costs are amortized using the straight-line method over the
term of the recognized debt liability which approximates the effective interest method.

    F-13

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Income
Taxes. The Company accounts for income taxes under the provisions of the FASB ASC Topic 740 “Income Taxes” (“ASC
Topic 740”). The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of items that
have been included or excluded in the consolidated financial statements or tax returns. Deferred tax assets and liabilities
are determined on the basis of the difference between the tax basis of assets and liabilities and their respective financial reporting
amounts (“temporary differences”) at enacted tax rates in effect for the years in which the temporary differences are expected