Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 556

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 556
---
 the U.S.
federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required
to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness
of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material
misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those
risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial
statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the consolidated financial statements. We believe that our audit provides a reasonable basis for
our opinion.

    /s/
    Morison Cogen LLP

We served as the Company’s auditor from 2022 to 2024.

Blue
Bell, Pennsylvania

April 1, 2024

F-2

EIGHTCO
HOLDINGS INC.

CONSOLIDATED
BALANCE SHEETS

    December 31,  
    December 31, 

    2024  
    2023 

    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $239,187  
    $5,247,836 
  
    Accounts receivable, net 
     1,592,049  
     1,248,657 
  
    Inventories, net 
     7,834,351  
     5,965,607 
  
    Prepaid expenses and other current assets 
     1,002,023  
     678,015 
  
    Current assets of
    discontinued operations held for sale 
     1,798,239  
     1,608,823 
  
    Total current assets 
     12,465,849  
     14,748,938 
  
    Property and equipment,