Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 85

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 85
---
 Customer relationships 
    7 years 
    $7,100,000  
    $7,100,000 
  
    Developed technology 
    10 years 
     9,700,000  
     10,219,775 
  
    Trademarks and tradenames 
    7 years 
     2,200,000  
     2,200,000 
  
    Total intangible assets, gross 
      
     19,000,000  
     19,519,775 
  
    Less: accumulated amortization 
      
     (5,171,786) 
     (3,411,332)
  
    Total intangible assets, net 
      
    $13,828,214  
    $16,108,443 

Amortization
expense was $2,280,229 and $2,832,724 for the years ended December 31, 2024 and 2023, respectively.

Amortization
expense for the next five years is as follows:

 SCHEDULE OF AMORTIZATION FUTURE ROLLING MATURITY 

    For the years ending December 31,  

    2025  
    $2,298,571 
  
    2026  
     2,298,571 
  
    2027  
     2,298,571 
  
    2028  
     2,298,571 
  
    2029  
     2,298,571 
  
    Thereafter  
     2,335,359 
  
    Total  
    $13,828,214 

    F-19

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

11.
GOODWILL

The
changes in the carrying amount of goodwill for the period from January 1, 2024 through December 31, 2024 consisted of the following: 

 SCHEDULE
OF GOODWILL 

    Balance, January 1, 2024 
    $22,324,588 
  
    Additions and adjustments 
     - 
  
    Balance, December 31, 2024 
    $22,324,588 

12.
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES