Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 922

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 922
---
) 
    $723,303  
    $(4,347,903)

The
accompanying notes are an integral part of these consolidated financial statements.

F-6

EIGHTCO
HOLDINGS INC.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

For
the Years ended December 31, 2024 and 2023

    2024  
    2023 
  
    Cash flows from operating activities: 

    Net income (loss) 
    $708,527  
    $(68,320,414)
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities: 

    Depreciation and amortization 
     2,454,661  
     3,044,531 
  
    Amortization of debt issuance costs 
     1,337,750  
     8,109,078 
  
    Amortization of prepaid share-based compensation 
     533,851  
     - 
  
    Impairments of long-lived assets 
     -  
     292,748 
  
    Loss on issuance of warrants 
     -  
     46,928,815 
  
    Share-based compensation 
     39,937  
     (358,937)
  
    Provision for bad debts 
     -  
     - 
  
    Gain on disposal 
     -  
     5,897 
  
    Gain on extinguishment of liabilities 
     (7,427,193) 
     - 
  
    Gain on forgiveness of earnout 
     (6,100,000) 
     - 
  
    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