Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 792

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 792
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2024 and 2023
     
    F-4

    Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2024 and 2023
     
    F-5

    Consolidated
    Statements of Changes in Stockholders’ Equity (Deficit) for the years ended December 31, 2024 and 2023
     
    F-6

    Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023
     
    F-7

    Notes to the Consolidated Financial Statements
     
    F-8

40

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Stockholder and Board of Directors of

Eightco
Holdings Inc.

Opinion
on the Financial Statements

We have audited the accompanying consolidated balance sheet of Eightco
Holdings Inc. (the “Company”) as of December 31, 2024, the related consolidated statement of operations, comprehensive income,
changes in stockholders’ deficit and cash flows for the year ended December 31, 2024 and the related notes (collectively referred
to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all
material respects, the financial position of the Company as of December 31, 2024, and the results of their operations and their cash flows
for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Substantial
Doubt About its Ability to Continue as a Going Concern

The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 3 to the consolidated financial statements, the Company has experienced negative cash flows from operations for
the years ended December 31, 2024, which raises substantial doubt about its ability to continue as a going concern. Management’s
plans in regard to these matters are also described in Note 3. The consolidated financial statements do not include any adjustments that
might result from the outcome of this uncertainty.

Basis
for Opinion

These
consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion
on the Company’s consolidated financial statements based on our audit. We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United States)