Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 207

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 207
---
 under notes payable – related party 
    $99,199  
    $- 
  
    Issuance of common stock to line of credit holders 
    $60,000  
    $- 
  
    Issuance of common stock to vendors for future services 
    $480,250  
    $- 
  
    Issuance of common stock to employees and directors for settlement of liabilities 
    $318,205  
    $- 
  
    Issuance of common stock to vendors for settlement of liabilities 
    $105,693  
    $- 
  
    Issuance of common stock to noteholders for settlement of accrued interest 
    $1,148,000  
    $- 
  
    Issuance of common stock to noteholders for settlement of cash warrant liabilities 
    $206,779  
    $- 
  
    Shares reserved for future issuance of common stock to debt holders for
interest 8 
    $713,510  
    $- 
  
    Forgiveness of interest – related parties 
    $3,861,165  
    $- 
  
    Forgiveness of debt – related parties 
    $5,400,000  
    $- 

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

F-7

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

1.
NATURE OF OPERATIONS AND BASIS OF PRESENTATION

As
used herein, “Eightco” and the “Company” refer to Eightco Holdings Inc., a Delaware corporation originally
incorporated on September 21, 2021 (date of inception) under the laws of the State of Nevada, and subsidiaries. On March 9, 2022,
the Company converted to a Delaware corporation pursuant to a plan of conversion entered into with its former parent, Vinco
Ventures, Inc. (“Vinco” or “Former Parent”). The Company operates in two main businesses: Forever 8
Inventory Cash Flow Solution and Corrugated Packaging Business. Forever 8 Fund LLC (“Forever 8”), which focuses on
purchasing inventory for e-commerce retailers, was acquired by the Company on October 1, 2022, and is part of its Inventory Solution
Business. The Company previously sold BTC mining equipment and developed