Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 306

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 306
---
 
     12,759,719  
     14,805,627  
     (2,045,908) 
     -13.82%
  
    Restructuring and severance 
     1,414,838  
     2,133,982  
     (719,144) 
     -33.70%
  
    Operating loss 
     (8,192,559) 
     (10,679,817) 
     2,487,258  
     -23.29%

    Other (expense) income: 

    Interest expense 
     (5,287,920) 
     (11,553,477) 
     6,265,557  
     -54.23%
  
    Gain on forgiveness of earnout 
     6,100,000  
     -  
     6,100,000  
     100.00%
  
    Gain on extinguishment of liabilities 
     7,427,193  
     -  
     7,427,193  
     100.00%
  
    Loss on issuance of warrants 
     -  
     (46,928,815) 
     46,928,815  
     -100.00%
  
    Other income 
     107,760  
     104,994  
     2,766  
     2.63%
  
    Total other (expense) income, net 
     8,347,033  
     (58,377,298) 
     66,724,331  
     -114.30%
  
    (Loss) income before income taxes 
     154,474  
     (69,057,115) 
     69,211,589  
     -100.22%
  
    Income tax benefit 
     (135,337) 
     -  
     (135,337) 
     -100.00%
  
    Net income (loss) from continuing operations 
    $289,811  
    $(69,057,115) 
    $69,346,926  
     -100.42%

35

Revenue

For
the year ended December 31, 2024, revenues decreased by $27,947,081 or 41.36