Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 574

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 574
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 statements the reporting currency is USD. Forever 8 assets and liabilities
are expressed in USDs at the exchange rate on the balance sheet date, equity accounts are translated at historical rates, and income
and expense items are translated at the weighted average exchange rate during the period. The resulting translation adjustments are reported
under accumulated other comprehensive income in the stockholders’ equity section of the balance sheets.

Transactions
in currencies other than the entity’s functional currency are recorded at the rates of exchange prevailing on the date of the transaction.
At the end of each reporting period, monetary items denominated in foreign currencies are translated at the rates prevailing at the end
of the reporting periods. Exchange differences arising on the settlement of monetary items and on translation of monetary items at period-end
are included in statement of comprehensive loss.

Exchange
rate used for the translation as follows:

 SCHEDULE
OF EXCHANGE RATE 

    December 31,
                                                                                2024  
    December 31,
                                                                                2023 
  
    Spot 

    USD to EUR 
    $0.9615  
    $0.9009 
  
    USD to GBP 
    $0.8000  
    $0.7874 

    December 31,
                                                                                2024  
    December 31,
                                                                                2023 
  
    Average 

    USD to EUR 
    $0.9259  
    $0.9224 
  
    USD to GBP 
    $0.7874  
    $0.8016 

Earnings
Per Share. The Company follows ASC 260 when reporting Earnings Per Share (“EPS”) resulting in the
presentation of basic and diluted earnings per share. Basic net (loss) income per common share is computed by dividing net (loss)
income by the weighted average number of vested common shares outstanding during the period. Diluted net income per common share is
computed by dividing net income by the weighted average number vested of common shares, plus the net impact of common shares
(computed using the treasury stock method), if dilutive, resulting from the exercise of dilutive securities. In periods when losses
are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion
would be anti-dilutive.

    F-12

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023