Company: ORBS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012159
Chunk: 14

Company: Eightco Holdings Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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,
may not be on favorable terms and would likely be significantly dilutive to the Company’s current stockholders, and debt financing,
if available, may involve restrictive covenants. The 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.

Cash
Flows

Since
inception, Eightco and its subsidiaries have primarily used its available cash to fund its operations. The following table sets forth
a summary of cash flows for the periods presented:

    For
the Six Months Ended
 June 30, 

    2025  
    2024 
  
    Cash (used in) provided by: 

    Operating Activities 
    $340,614  
    $(1,163,566)
  
    Investing Activities 
     397,759  
     (5,881)
  
    Financing Activities 
     (281,308) 
     (3,715,313)
  
    Net increase (decrease) in cash and restricted cash 
    $457,065  
    $(4,884,760)

Cash
Flows for the Six Months Ended June 30, 2025 and 2024

Operating
Activities

Net
cash provided by operating activities was 340,614 during the six months
ended June 30, 2025, which consisted primarily of depreciation and amortization of $1,187,373, amortization of debt issuance costs of
$500,000, and changes in assets and liabilities of $3,426,059 offset by a net loss of $3,718,245 and gain on divestiture of $1,231,774.

Net cash (used in) operating
activities was ($1,163,566) during the six months ended June 30, 2024, which consisted primarily of gain on extinguishment of
liabilities of $6,497,193 and gain on forgiveness of earnout of $6,100,000 offset largely by net income of $6,389,855, depreciation
and amortization of $1,218,430, amortization of debt issuance costs of $837,750, and changes in assets and liabilities of
$3,566,551.

Investing
Activities

Net
cash provided by investing activities was $397,759 during the six months
ended June 30, 2025 compared