Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1355

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 1355
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     44,217  
     - 
  
    Warrants for equity investors 
     145,600  
     - 
  
    Shares to be issued 
     40,410  
     - 
  
    Weighted average shares outstanding – diluted 
     1,981,359  
     2,891,144 

As
of December 31, 2024 and 2023, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof
to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive.

 SCHEDULE OF EARNINGS PER SHARE COMMON STOCK EQUIVALENTS ANTI DILUTIVE 

    December 31,
                                                                              2024  
    December 31,
                                                                              2023 

    Convertible shares under notes payable  
     -  
     489,031 
  
    Warrants for noteholders and placement agent  
     -  
     44,217 
  
    Warrants for equity investors and placement agent  
     -  
     145,600 
  
    Shares reserved for issuance for preferred units of Forever 8 Fund, LLC  
     -  
     43,000 
  
    Convertible notes payable issued in acquisition of Forever 8 Fund, LLC  
     43,598  
     54,767 
  
    Shares reserved for contingent consideration for acquisition of Forever 8 Fund, LLC  
     -  
     74,000 
  
    Total common stock equivalents  
     43,598  
     850,615 

Deferred
Financing Costs. Deferred financing costs include debt discounts and debt issuance costs related to a recognized debt liability and
are presented in the balance sheet as a direct deduction from the carrying value of the debt liability. Amortization of deferred financing
costs are included as a component of interest expense. Deferred financing costs are amortized using the straight-line method over the
term of the recognized debt liability which approximates the effective interest method.

    F-13

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Income
Taxes