Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 36

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
 and any collateral or guarantees
provided. The Company determined it was not necessary to record an allowance for credit losses as of September 30, 2025 and December
31, 2024.

11.
PROPERTY AND EQUIPMENT, NET

Property
and equipment consist of the following at September 30, 2025 and December 31, 2024:

 SCHEDULE OF PROPERTY AND EQUIPMENT

    September 30, 2025  
    December 31, 2024 

    Building and building improvements 
    $-  
    $781,985 
  
    Equipment and machinery 
     -  
     4,821,936 
  
    Furniture and fixtures 
     8,418  
     284,877 
  
    Vehicles 
     -  
     585,854 
  
    Property plant and equipment, gross 
     8,418  
     6,474,652 
  
    Less: accumulated depreciation 
     (3,246) 
     (5,834,427)
  
    Total property and equipment, net 
     5,172  
     640,225 
  
    Less: property and equipment, net – discontinued operations 
     -  
     (634,773)
  
    Property and equipment, net – continuing operations 
    $5,172  
    $5,452 

For
the three and nine months ended September 30, 2025, depreciation expense was $2,393 and $40,480, respectively. For the three and nine
months ended September 30, 2024, depreciation expense was $37,998 and $125,479, respectively.

    20

EIGHTCO
HOLDINGS INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

12.
INTANGIBLE ASSETS, NET

Intangible
assets consist of the following at September 30, 2025 and December 31, 2024:

 SCHEDULE
OF INTANGIBLE ASSETS

    Useful Lives 
    September 30, 2025  
    December 31, 2024 

    Customer relationships 
    7 years 
    $7,100,000  
    $7,100,000 
  
    Developed technology 
    10 years 
     9,700,000  
     9,700,000