Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 564

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 564
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reciation and amortization 
     2,454,661  
     3,044,531 
  
    Amortization of debt issuance costs 
     1,337,750  
     8,109,078 
  
    Amortization of prepaid share-based compensation 
     533,851  
     - 
  
    Impairments of long-lived assets 
     -  
     292,748 
  
    Loss on issuance of warrants 
     -  
     46,928,815 
  
    Share-based compensation 
     39,937  
     (358,937)
  
    Provision for bad debts 
     -  
     - 
  
    Gain on disposal 
     -  
     5,897 
  
    Gain on extinguishment of liabilities 
     (7,427,193) 
     - 
  
    Gain on forgiveness of earnout 
     (6,100,000) 
     - 
  
    Changes in assets and liabilities, net of acquisition: 

    Accounts receivable 
     (343,392) 
     (825,672)
  
    Inventories 
     (2,223,566) 
     (1,311,617)
  
    Prepaid expenses and other current assets 
     (277,105) 
     1,001,494 
  
    Accounts payable 
     130,476  
     360,689 
  
    Accrued expenses and other current liabilities 
     4,831,039  
     4,564,399 
  
    Deferred taxes 
     (82,104) 
     - 
  
    Discontinued operations 
     (219,982) 
     109,910 

    Net cash used in operating activities 
     (6,637,101) 
     (6,399,079)

    Cash flows from investing activities: 

    Purchases of property and equipment – continuing operations 
     (826) 
     (3,076)
  
    Purchase of license agreement 
     -  
     (358,763)
  
    Purchases of property and equipment – discontinued operations 
     (69,272) 
     (114,311)
  
    Proceeds from sale of assets 
     -  
     181,000 

    Net cash used