Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1365

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 1365
---
,519,775 
  
    Less: accumulated amortization 
      
     (5,171,786) 
     (3,411,332)
  
    Total intangible assets, net 
      
    $13,828,214  
    $16,108,443 

Amortization
expense was $2,280,229 and $2,832,724 for the years ended December 31, 2024 and 2023, respectively.

Amortization
expense for the next five years is as follows:

 SCHEDULE OF AMORTIZATION FUTURE ROLLING MATURITY 

    For the years ending December 31,  

    2025  
    $2,298,571 
  
    2026  
     2,298,571 
  
    2027  
     2,298,571 
  
    2028  
     2,298,571 
  
    2029  
     2,298,571 
  
    Thereafter  
     2,335,359 
  
    Total  
    $13,828,214 

    F-19

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

11.
GOODWILL

The
changes in the carrying amount of goodwill for the period from January 1, 2024 through December 31, 2024 consisted of the following: 

 SCHEDULE
OF GOODWILL 

    Balance, January 1, 2024 
    $22,324,588 
  
    Additions and adjustments 
     - 
  
    Balance, December 31, 2024 
    $22,324,588 

12.
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued
expenses and other current liabilities consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES 

    December 31,  2024   
    December 31,  2023  

    Payroll and related benefits 
    $3,130,269  
    $1,831,499 
  
    Professional fees 
     187,378