XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,094,260 $ 5,580,431
Restricted cash 2,850,000 1,000,000
Accounts receivable, net 2,137,267 1,263,552
Inventories 7,877,339 4,502,003
Prepaid expenses and other current assets 987,059 1,736,145
Total current assets 16,945,925 14,082,131
Property and equipment, net 1,120,955 1,321,042
Right of use assets – operating leases 57,769 68,600
Intangible assets, net 18,080,897 18,579,986
Goodwill 22,324,588 22,324,588
Loan held-for-investment 2,224,252 2,224,252
Total assets 60,754,386 58,600,599
Current liabilities:    
Accounts payable 2,014,659 2,174,034
Accrued expenses and other current liabilities 4,929,680 2,624,518
Current portion of operating lease liabilities 44,446 43,950
Line of credit 1,850,000 1,850,000
Convertible note payable, net of debt discount of $5,277,250 277,750
Due to Former Parent 7,226,700 7,226,700
Total current liabilities 16,343,235 13,919,202
Operating lease liabilities, net of current portion 15,265 26,564
Contingent consideration 6,100,000 6,100,000
Deferred tax liabilities 82,104 82,104
Total liabilities 49,108,184 52,789,375
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and 1,311 and 0 shares outstanding at March 31, 2023 and December 31, 2022, respectively
Common stock, $0.001 par value, 500,000,000 shares authorized and 1,797,570 and 633,602 shares outstanding at March 31, 2023 and December 31, 2022, respectively 1,797 633
Additional paid-in capital 106,251,220 50,617,631
Retained earnings (accumulated deficit) (94,809,339) (44,958,199)
Foreign currency translation 519,033 467,668
Total stockholders’ equity attributable to Eightco Holdings Inc. 11,962,711 6,127,733
Non-controlling interest (316,509) (316,509)
Total stockholders’ equity 11,646,202 5,811,224
Total liabilities and stockholders’ equity 60,754,386 58,600,599
Nonrelated Party [Member]    
Current liabilities:    
Convertible notes payable 1,683,880 7,911,505
Related Party [Member]    
Current liabilities:    
Convertible notes payable $ 24,883,700 $ 24,750,000