Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 194

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 194
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 Company’s ability to access capital when needed is not assured and, if not
achieved on a timely basis, will likely have a materially adverse effect on our business, financial condition and results of operations.
In 2023, the Company began reducing headcount to reduce the corporate overhead. The Company raised capital in 2024 and intends to continue reducing costs in 2025 while raising additional capital
as needed.

Off-Balance
Sheet Arrangements

We
did not have, during the periods presented, and we do not currently have, any relationships with any organizations or financial partnerships,
such as structured finance or special purpose entities, that would have been established for the purpose of facilitating off-balance
sheet arrangements or other contractually narrow or limited purposes.

ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As
a smaller reporting company, we are not required to provide this information.

39

ITEM
8. FINANCIAL STATEMENTS

INDEX
TO FINANCIAL STATEMENTS

    Report of Independent Registered Public Accounting Firm – Stephano Slack LLC (PCAOB
ID Number 03523)
     
    F-1

    Report of Independent Registered Public Accounting Firm– Morison Cogen LLP (PCAOB ID Number 00536)
     
    F-2

    Consolidated Balance Sheets as of December 31, 2024 and 2023
     
    F-3

    Consolidated Statements of Operations for the years ended December 31, 2024 and 2023
     
    F-4

    Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2024 and 2023
     
    F-5

    Consolidated
    Statements of Changes in Stockholders’ Equity (Deficit) for the years ended December 31, 2024 and 2023
     
    F-6

    Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023
     
    F-7

    Notes to the Consolidated Financial Statements
     
    F-8

40

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Stockholder and Board of Directors of

Eightco
Holdings Inc.

Opinion
on the Financial Statements

We have audited the accompanying consolidated balance sheet of Eightco
Holdings Inc. (the