Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 86

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 86
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Accrued
expenses and other current liabilities consist of the following at December 31, 2024 and December 31, 2023:

 SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES 

    December 31,  2024   
    December 31,  2023  

    Payroll and related benefits 
    $3,130,269  
    $1,831,499 
  
    Professional fees 
     187,378  
     - 
  
    Accrued settlement liability for equity holders of Forever 8 
     -  
     206,779 
  
    Accrued interest 
     936,395  
     3,741,155 
  
    Accrued rent 
     120,000  
     1,050,000 
  
    Accrued other taxes 
     215,006  
     - 
  
    Other 
     429,991  
     357,242 
  
    Total accrued expenses and other current liabilities 
     5,019,039  
     7,186,675 
  
    Less: accrued expenses and other current liabilities – discontinued operations 
     (31,775) 
     (32,791)
  
    Accrued expenses and other current liabilities – continuing operations 
    $4,987,264  
    $7,153,884 

13.
DUE TO AND FROM FORMER PARENT

As
of December 31, 2024 and 2023, due to Former Parent consists of net amounts due to Vinco related to management fees and borrowings for
working capital and financing needs of Eightco Holdings Inc. as well as other operating expenses that were paid for on behalf of one
to the other. As of December 31, 2024 and 2023, the net amount due to Former Parent was $480,000 and $6,977,193, respectively.

14.
LINES OF CREDIT

Principal
due under the lines of credit was as follows at December 31, 2024 and December 31, 2023:

 SCHEDULE
OF LINE OF CREDIT 

    December 31,  2024   
    December 31,  2023  

    Lines of credit, 12%-18% 
    $6,850,000  
    $3,200