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

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 control is presumed based on majority voting interests unless noncontrolling shareholders possess substantive participating
rights.

Separation
from Former Parent

On
June 30, 2022, the Company completed its previously announced separation from Vinco (the “Separation”). Prior to the Separation,
Vinco contributed the assets and legal entities comprising the Company’s historical businesses to Eightco. Following the Separation,
the Company became an independent, publicly traded company.

Common
Control Transactions

On
March 29, 2022, the Former Parent transferred ownership of Ferguson Containers to the Company in a transaction between entities under
common control. As a result, the consolidated financial statements reflect Ferguson Containers and other contributed entities as if they
had been owned by the Company for all periods presented. Assets and liabilities were recorded at historical carrying values, and equity
reflects the equity of Eightco.

Basis
of Presentation.

The
accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted
in the United States (“GAAP”) for interim financial reporting and with the instructions to Form 10-Q and Article 10 of Regulation
S-X. In the opinion of management, the unaudited condensed financial statements included herein contain all adjustments necessary to
present fairly the Company’s financial position and the results of its operations and cash flows for the interim periods presented.
Such adjustments are of a normal recurring nature. The results of operations for the three and nine months ended September 30, 2025 may
not be indicative of results for the full year. These unaudited condensed financial statements should be read in conjunction with the
audited financial statements and the notes to those statements for the year ended December 31, 2024 included in the Annual Report.

The
Company is an emerging growth company as the term is used in The Jumpstart Our Business Startups Act, enacted on April 5, 2012 and has
elected to comply with certain reduced public company reporting requirements.

    10

EIGHTCO
HOLDINGS INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reverse
Stock Split: On August 8, 2024, the Company filed an amendment to its Certificate of Incorporation with the Secretary of State of
the State of Delaware to effectuate a 1-for-5 reverse stock split of its Common Stock (the “202