Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1066

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1066
---
 income.

Forever
8 Fund, LLC, BlockHiro, LLC and Cryptyde Shared Services, LLC are limited liability companies which are disregarded entities for income
tax purposes and are owned 100% by Eightco Holdings Inc. and Ferguson Containers, Inc., respectively. The Company pays corporate federal,
state and local taxes on income allocated to it from BlockHiro, LLC and 8co Holdings Shared Services, LLC.

CW
Machines, LLC is a limited liability company for income tax purposes and is owned 51% by Eightco Holdings Inc. The Company pays corporate
federal, state and local taxes on income allocated to it from CW Machines, LLC.

Ferguson
Containers is taxed as a corporation and pays corporate federal, state and local taxes on income.

Forever
8 UK Ltd. is taxed as a corporation and pays foreign taxes on income.

    F-22

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

18.
INCOME TAXES (continued)

F8
Fund EU Holdings BV is taxed as a corporation and pays foreign taxes on income.

Components
of income before income taxes were as follows:

 SCHEDULE OF COMPONENTS OF INCOME BEFORE INCOME TAXES 

    2024  
    2023 

    United States 
    $315,844  
    $(67,719,971)
  
    Foreign 
     248,218  
     (600,443)
  
    Income (loss) before income tax
    expense 
    $564,062  
    $(68,320,414)
  
    Less: income before income tax expense – discontinued operations 
     (409,588) 
     (736,701)
  
    Income before income tax expense – continuing operations 
     154,474  
     (69,057,115)

The
tax effects of temporary differences that give rise to deferred tax assets or liabilities are presented below:

 SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 

    2024  
    2023 

    Deferred tax assets: 

    Stock-based compensation 
    $(8,387) 
    $(8,387)
  
    Goodwill and intangibles 
     487,575  
     270,574 
  
    Leases 
     -