Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 361

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 361
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 December 31, 2024 and 2023 were the Inventory Management Solutions segment and the Corrugated Packaging Business. The
Company’s chief operating decision maker has been identified as the Chairman and CEO, who reviews operating results to make
decisions about allocating resources and assessing performance for the entire Company.

Segment information is
presented based upon the Company’s management organization structure as of December 31, 2024 and the distinctive nature of each
segment. Future changes to this internal financial structure may result in changes to the reportable segments disclosed. There are no
inter-segment revenue transactions and, therefore, revenues are only to external customers.

    F-28

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

21.
SEGMENTING REPORTING (continued)

The CODM evaluates segment performance based on net
revenues, cost of revenues, gross profit, and selling, general and administrative expenses. These items are reviewed by segment. Depreciation
and amortization is also monitored by management and presented below. Certain other costs, such as interest expense, other income (expense),
and income taxes, are managed on a consolidated basis and not allocated to segments.

Segment operating profit is determined based upon
internal performance measures used by the chief operating decision maker. The Company derives the segment results from its internal management
reporting system. The accounting policies the Company uses to derive reportable segment results are the same as those used for external
reporting purposes.

Segment operating income excludes certain corporate
costs that are not allocated to segments, including corporate-level general and administrative expenses and unallocated shared services.
These items are disclosed separately as “Corporate.”

Management measures the performance of each reportable
segment based upon several metrics, including net revenues, gross profit and operating loss. Management uses these results 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