Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 317

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 317
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 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, net 
     5,452  
     5,222 
  
    Intangible assets, net 
     13,828,214  
     16,108,443 
  
    Goodwill 
     22,324,588  
     22,324,588 
  
    Loan held-for-investment 
     2,224,252  
     2,224,252 
  
    Total assets 
    $50,848,355  
    $55,411,443 

    LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 

    Current liabilities: 

    Accounts payable 
    $2,061,265  
    $2,134,654 
  
    Accounts payable – related parties 
     300,000  
     381,828 
  
    Accounts payable 
     300,000  
     381,828 

    Accrued expenses and other current liabilities 
     2,936,580  
     714,984