Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 12

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
,000 
  
    Issuance of common stock to vendors for future services 
    $-  
    $480,250 
  
    Issuance of common stock to employees and directors for settlement of liabilities 
    $-  
    $318,205 
  
    Issuance of common stock to vendors for settlement of liabilities 
    $-  
    $105,693 
  
    Issuance of common stock to noteholders for settlement of accrued interest 
    $-  
    $1,148,000 
  
    Issuance of common stock to noteholders for settlement of cash warrant liabilities 
    $-  
    $206,779 
  
    Forgiveness of debt and interest – related parties 
    $22,789,599  
    $8,406,896 
  
    Convertible shares under notes payable 
    $1,168,000  
    $99,199 
  
    Deconsolidation of assets of Corrugated Business: 

    Cash and cash equivalents 
    $125,431  
    $- 
  
    Accounts receivable 
    $771,162  
    $- 
  
    Inventory 
    $179,923  
    $- 
  
    Prepaid expenses and other current assets 
    $144,668  
    $- 
  
    Property and equipment 
    $641,271  
    $- 
  
    Accounts payable 
    $168  
    $- 
  
    Accrued expenses and other current liabilities 
    $36,226  
    $- 

See
the accompanying notes to the condensed consolidated financial statements.

9

EIGHTCO
HOLDINGS INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1.
NATURE OF OPERATIONS AND BASIS OF PRESENTATION

As
used herein, “Eightco,” “we,” “us,” “our,” and the “Company” refer to Eightco
Holdings Inc., a Delaware corporation, and its consolidated subsidiaries. The Company was originally incorporated on September 21, 2021
under the laws of the State of Nevada and converted to a Delaware corporation on March 9, 2022 pursuant to a plan of conversion with
its former parent, Vinco Ventures, Inc. (“Vinco” or the “Former Parent”).

Operating
Structure and Recent Changes

Historically,
the Company