Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 31

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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     393,013  
     1,031,687 
  
    Restructuring and severance 
     -  
     - 
  
    Operating income 
     104,231  
     361,103 

    Other (expense) income: 

    Interest (expense) 
     -  
     - 
  
    Other income 
     1,322  
     6,049 
  
    Total other income, net 
     1,322  
     6,049 
  
    Income before income taxes 
     105,553  
     367,152 
  
    Income tax benefit 
     -  
     - 
  
    Net income from discontinued operations 
    $105,553  
    $367,152 

The
following summarizes the components of cash flows from discontinued operations for the nine months ended September 30, 2025 and 2024:

    For the Nine Months Ended September 30, 2025  
    For the Nine Months Ended September 30, 2024 
  
    Cash flows from operating activities: 

    Net income 
    $105,553  
    $367,152 
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Depreciation and amortization 
     37,992  
     125,479 
  
    Changes in assets and liabilities: 

    Accounts receivable 
     17,155  
     (63,379)
  
    Inventories 
     (78,346) 
     7,780
  
    Prepaid expenses and other current assets 
     (39,419) 
     33,685 
  
    Accounts payable 
     (2,812) 
     12,469
  
    Accrued expenses and other current liabilities 
     (6,777) 
     6,876 
  
    Income tax payable 
     (61,748) 
     - 

    Net cash provided by (used in) operating activities 
     (28,402) 
     490,062 

    Cash flows from investing activities: 

    Repayments (proceeds) from/to Eightco Holdings, Inc. 
     30,000  
     (1,372,500)
  
    Purchases of property and equipment