Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1176

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1176
---
716  
    $736,701 

As a result of this classification, prior period amounts have been reclassified
to conform to the current period presentation.

    F-17

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

5.
ACCOUNTS RECEIVABLE

Accounts
receivable consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE
OF ACCOUNTS RECEIVABLE 

    December 31,  2024   
    December 31,  2023  

    Trade accounts receivable 
    $2,440,366  
    $1,941,300 
  
    Less: allowance for credit losses 
     (60,000) 
     (67,350)
  
    Total accounts receivable 
     2,380,366  
     1,873,950 
  
    Less: accounts receivable – discontinued operations 
     (788,317) 
     (625,293)
  
    Accounts receivable – continuing operations 
    $1,592,049  
    $1,248,657 

6.
INVENTORIES

Inventories
consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE
OF INVENTORIES 

    December 31,
                                                                              2024  
    December 31,
                                                                              2023 

    Raw materials 
    $-  
    $22,116 
  
    Finished goods 
     8,435,928  
     6,657,791 
  
    Reserve for obsolescence 
     (500,000) 
     (600,000)
  
    Total inventories 
     7,935,928  
     6,079,907 
  
    Less: inventories – discontinued operations 
     (101,577) 
     (114,300)
  
    Inventories – continuing operations 
    $7,834,351  
    $5,965,607 

7.
OTHER CURRENT ASSETS

Other
current assets consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE OF OTHER CURRENT ASSETS 

    December