Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 38

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 Accrued rent 
     120,000  
     120,000 
  
    Accrued other taxes 
     165,264  
     215,006 
  
    Director advances

    120,000

    -

    Other 
     299,881  
     429,991 
  
    Total accrued expenses and other current liabilities 
     3,824,639  
     5,019,039 
  
    Less: accrued expenses and other current liabilities – discontinued operations 
     -  
     (31,775)
  
    Accrued expenses and other current liabilities – continuing operations 
    $3,824,639  
    $4,987,264 
  
    Less: Accrued expenses and other current liabilities – related parties 
     1,531,805  
     2,050,684 
  
    Accrued expenses and other current liabilities 
     2,292,834  
     2,936,580 

14.
DUE TO AND FROM FORMER PARENT

As
of September 30, 2025 and December 31, 2024, the amount due to Vinco consists of net amounts
related to management fees and borrowings for working capital and financing needs of Eightco as well as other operating expenses that
were paid for on behalf of one to the other. As of September 30, 2025 and December 31, 2024,
the net amount due to Former Parent was $222,409 and $480,000, respectively.

15.
LINES OF CREDIT

Principal
due under the lines of credit was as follows at September 30, 2025 and December 31, 2024:

 SCHEDULE
OF LINE OF CREDIT

    September 30, 2025  
    December 31, 2024 

    Lines of credit 12% - 18% 
    $6,855,000  
    $6,850,000 

For
the three and nine months ended September 30, 2025, interest expense under lines of credit was $277,436 and $767,507, respectively. For
the three and nine months ended September 30, 2024, interest expense under lines of credit was $178,951 and $486,171, respectively.

The
lines of credit are collateralized by the inventory of the Company.