Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 917

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 917
---
 attributable to Eightco Holdings Inc. 
     11,930,454  
     (3,933,401)
  
    Non-controlling interest 
     (414,514) 
     (414,502)
  
    Total stockholders’ equity (deficit) 
     11,515,940  
     (4,347,903)
  
    Total liabilities and stockholders’ equity (deficit) 
    $50,848,355  
    $55,411,443 

The
accompanying notes are an integral part of these consolidated financial statements.

F-3

EIGHTCO
HOLDINGS INC.

CONSOLIDATED
STATEMENTS OF OPERATIONS

For
the Years ended December 31, 2024 and 2023

    2024  
    2023 
  
    Revenues, net 
    $39,621,272  
    $67,568,353 
  
    Cost of revenues 
     33,639,274  
     61,308,561 
  
    Gross profit 
     5,981,998  
     6,259,792 

    Operating expenses: 

    Selling, general and administrative expenses 
     12,759,719  
     14,805,627 
  
    Restructuring and severance 
     1,414,838  
     2,133,982 
  
    Total operating expenses 
     14,174,557  
     16,939,609 
  
    Operating loss 
     (8,192,559) 
     (10,679,817)

    Non-operating income (expense): 

    Interest expense 
     (5,287,920) 
     (11,553,477)
  
    Loss on issuance of warrants 
     -  
     (46,928,815)
  
    Gain on forgiveness of earnout 
     6,100,000  
     - 
  
    Gain on extinguishment of liabilities 
     7,427,193  
     - 
  
    Other income 
     107,760  
     104,994 

    Total non-operating income (expense) 
     8,347,033  
     (58,377,298)

    Net income (loss) before income tax expense (benefit)