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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,580,431 $ 911,194
Restricted cash 1,000,000
Accounts receivable, net 1,263,552 867,027
Inventories 4,502,003 110,664
Prepaid expenses and other current assets 1,736,145 7,081,693
Total current assets 14,082,131 8,970,578
Property and equipment, net 1,321,042 1,007,770
Right of use assets – operating leases 68,600
Intangible assets, net 18,579,986
Goodwill 22,324,588
Loan held-for-investment 2,224,252 4,000,000
Total assets 58,600,599 13,978,348
Current liabilities:    
Note payable, current portion 15,530
Accounts payable 2,174,034 171,174
Accrued expenses and other current liabilities 2,624,518 7,007,531
Current portion of operating lease liabilities 43,950
Line of credit 1,850,000
Income tax payable 319,997
Due to Former Parent 7,226,700
Total current liabilities 13,919,202 7,514,232
Convertible notes payable, net of debt discount of $1,831,828 7,911,505
Convertible notes payable – related parties, net of debt discount of $2,750,000 24,750,000
Operating lease liabilities, net of current portion 26,564
Note payable, less current portion 12,114
Deferred tax liabilities 82,104 82,104
Contingent consideration 6,100,000
Due to Former Parent 4,198,546
Total liabilities 52,789,375 11,806,996
Stockholder’s equity:    
Common stock, $0.001 par value, 500,000,000 and 10,000 shares authorized and 633,602 and 200 shares outstanding at December 31, 2022 and December 31, 2021, respectively 633 0
Additional paid-in capital 50,617,631 0
Retained earnings (accumulated deficit) (44,958,199) 2,300,212
Foreign currency translation 467,668
Total stockholder’s equity attributable to Eightco Holdings Inc. 6,127,733 2,300,212
Non-controlling interest (316,509) (128,860)
Total stockholder’s equity 5,811,224 2,171,352
Total liabilities and stockholders’ equity $ 58,600,599 $ 13,978,348