Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1738

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 1738
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- 
  
    Changes in assets and liabilities, net of acquisition: 

    Accounts receivable 
     (343,392) 
     (825,672)
  
    Inventories 
     (2,223,566) 
     (1,311,617)
  
    Prepaid expenses and other current assets 
     (277,105) 
     1,001,494 
  
    Accounts payable 
     130,476  
     360,689 
  
    Accrued expenses and other current liabilities 
     4,831,039  
     4,564,399 
  
    Deferred taxes 
     (82,104) 
     - 
  
    Discontinued operations 
     (219,982) 
     109,910 

    Net cash used in operating activities 
     (6,637,101) 
     (6,399,079)

    Cash flows from investing activities: 

    Purchases of property and equipment – continuing operations 
     (826) 
     (3,076)
  
    Purchase of license agreement 
     -  
     (358,763)
  
    Purchases of property and equipment – discontinued operations 
     (69,272) 
     (114,311)
  
    Proceeds from sale of assets 
     -  
     181,000 

    Net cash used in investing activities 
     (70,098) 
     (295,150)

    Cash flows from financing activities: 

    Net proceeds from issuance of common stock 
     2,989,800  
     14,798 
  
    Net borrowings under lines of credit 
     3,750,000  
     4,775,000 
  
    Net borrowings under convertible notes 
     -  
     3,360,000 
  
    Net repayments under notes payable – related parties 
     -  
     (249,507)
  
    Fees paid for financing costs 
     -  
     (664,389)
  
    Repayments under notes payable – related parties 
     -  
     (116,300)
  
    Repayments under convertible notes payable – related parties 
     (126,250) 
     - 
  
    Repayments under convertible notes payable 
     (4,915,