Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 18

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 life of existing assets are capitalized and depreciated using the straight-line method over their remaining
estimated useful lives.

    11

EIGHTCO
HOLDINGS INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Intangible
Assets and Long-lived Assets. The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate
that the carrying amount of the asset may not be recoverable. The Company assesses the recoverability of its long-lived assets using
undiscounted cash flows. If an asset is found to be impaired, the amount recognized for impairment is equal to the difference between
the carrying value and the asset’s fair value. We record intangible assets based on their fair value on the date of acquisition.
Intangible assets include the cost of developed technology, customer relationships, trademarks and tradenames. Intangible assets are
amortized utilizing the straight-line method over their remaining economic useful lives, as follows: 10 years for developed technology,
7 years for customer relationships and 7 years for trademarks and tradenames. The Company reviews long-lived assets and intangible assets
for potential impairment annually and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.
In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the
asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined
to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available,
the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In
the event that management decides to no longer allocate resources to an asset, an impairment loss equal to the remaining carrying value
of the asset is recorded. The Company did not record any impairment charges related to intangibles assets or long-lived assets during
the three and nine months ended September 30, 2025 and 2024, respectively.

Goodwill.
Goodwill is recorded for the difference between the fair value of the purchase consideration over the fair value of the net identifiable
tangible and intangible assets acquired. The Company performs an impairment assessment of goodwill on an annual basis as of December
31st, or whenever impairment indicators exist