Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1426

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 1426
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None.

ITEM
9A. CONTROLS AND PROCEDURES

Disclosure
Controls and Procedures

The
Company’s management, with the participation of the Company’s Principal Executive Officer and Principal Financial and Accounting
Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e)
and 15d-15(e) under the Exchange Act) as of the end of the period covered by this Annual Report. Based on such evaluation, the Company’s
Principal Executive Officer and Principal Financial and Accounting Officer have concluded that, as of the end of such period, the Company’s
disclosure controls and procedures were not effective to provide reasonable assurance that information that it is required to disclose
in reports that the Company files with the SEC is recorded, processed, summarized and reported within the time periods specified by the
Exchange Act rules and regulations.

As
of December 31, 2024, management completed an effective assessment of the Company’s internal control over financial reporting based
on the 2013 Committee of Sponsoring Organizations (COSO) framework. Management has concluded that as of December 31, 2024, our internal
control over financial reporting was not effective to detect the inappropriate application of U.S. GAAP. Management identified the following
material weakness set forth below in our internal control over financial reporting.

    The
    Company was unable to provide a timely financial reporting package in connection with the year end audit. This was primarily the
    result of the Company’s limited accounting personnel. This also limits the extent to which the Company can segregate incompatible
    duties and has a lack of controls in place to ensure that all material transactions and developments impacting the financial statements
    are reflected. There is a risk under the current circumstances that intentional or unintentional errors could occur and not be detected.

Management’s
Report on Internal Control over Financial Reporting

Management
is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) under
the Exchange Act.

Because
of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement
of our financial statements would be prevented or detected. Under the supervision of our Chief Executive Officer and Chief Financial
Officer, the Company conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31,
2024 using the criteria established in Internal Control — Integrated Framework issued by the Committee of