Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 823

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 823
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     284,049 
  
    Vehicles 
     585,854  
     585,854 
  
    Property plant and equipment, gross 
     6,474,652  
     6,404,551 
  
    Less: accumulated depreciation 
     (5,834,427) 
     (5,659,992)
  
    Total property and equipment, net 
     640,225  
     744,559 
  
    Less: property and equipment, net – discontinued operations 
     (634,773) 
     (739,337)
  
    Property and equipment, net – continuing operations 
    $5,452  
    $5,222 

Depreciation
and amortization expense was $174,443 and $199,282 for the years ended December 31, 2024 and 2023, respectively. The Company recorded
an impairment charge of $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