Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 455

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 455
---
0.8000  
    $0.7874 

    December 31,
                                                                                2024  
    December 31,
                                                                                2023 
  
    Average 

    USD to EUR 
    $0.9259  
    $0.9224 
  
    USD to GBP 
    $0.7874  
    $0.8016 

Earnings
Per Share. The Company follows ASC 260 when reporting Earnings Per Share (“EPS”) resulting in the
presentation of basic and diluted earnings per share. Basic net (loss) income per common share is computed by dividing net (loss)
income by the weighted average number of vested common shares outstanding during the period. Diluted net income per common share is
computed by dividing net income by the weighted average number vested of common shares, plus the net impact of common shares
(computed using the treasury stock method), if dilutive, resulting from the exercise of dilutive securities. In periods when losses
are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion
would be anti-dilutive.

    F-12

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

For the year ended December 31, 2024, the Company
had net income and therefore included the dilutive effect of certain securities in its diluted EPS calculation. For the year ended December
31, 2023, the Company incurred a net loss and excluded common stock equivalents from diluted EPS as their effect would have been anti-dilutive.

The
following is a reconciliation of the weighted average number of common shares outstanding used in calculating the basic and diluted net
loss per share:

SCHEDULE
OF WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED NET LOSS PER SHARE  

    2024  
    2023 

    December 31, 

    2024  
    2023 

    Weighted average shares outstanding – basic 
     1,751,132  
     2,891,144 
  
    Warrants for noteholders and placement agents 
     44,217  
     - 
  
    Warrants for equity investors 
     145,600