Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 226

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 226
---
 $0 and $292,748 for the years ended December 31, 2024 and 2023, respectively.

10.
INTANGIBLE ASSETS, NET

Intangible
assets consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE
OF INTANGIBLE ASSETS 

    Useful Lives 
    December 31,  2024   
    December 31,  2023  

    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