Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 665

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 665
---
 1,414,838  
     2,133,982  
     (719,144) 
     -33.70%
  
    Operating loss 
     (8,192,559) 
     (10,679,817) 
     2,487,258  
     -23.29%

    Other (expense) income: 

    Interest expense 
     (5,287,920) 
     (11,553,477) 
     6,265,557  
     -54.23%
  
    Gain on forgiveness of earnout 
     6,100,000  
     -  
     6,100,000  
     100.00%
  
    Gain on extinguishment of liabilities 
     7,427,193  
     -  
     7,427,193  
     100.00%
  
    Loss on issuance of warrants 
     -  
     (46,928,815) 
     46,928,815  
     -100.00%
  
    Other income 
     107,760  
     104,994  
     2,766  
     2.63%
  
    Total other (expense) income, net 
     8,347,033  
     (58,377,298) 
     66,724,331  
     -114.30%
  
    (Loss) income before income taxes 
     154,474  
     (69,057,115) 
     69,211,589  
     -100.22%
  
    Income tax benefit 
     (135,337) 
     -  
     (135,337) 
     -100.00%
  
    Net income (loss) from continuing operations 
    $289,811  
    $(69,057,115) 
    $69,346,926  
     -100.42%

35

Revenue

For
the year ended December 31, 2024, revenues decreased by $27,947,081 or 41.36%, as compared to the year ended December 31, 2023. The decrease
was primarily the result of decreased revenues due to less capital utilized to purchase inventory for our customers to allow for repayment
of debt. In addition