DUE TO AND FROM FORMER PARENT

9 Months Ended

Sep. 30, 2023

Due To And From Former Parent

DUE TO AND FROM FORMER PARENT

12. DUE TO AND FROM FORMER PARENT

As of September 30, 2023 and December 31, 2022, the amount due to Vinco consists of net amounts related to management fees and borrowings for working capital and financing needs of Eightco as well as other operating expenses that were paid for on behalf of one to the other. As of September 30, 2023 and December 31, 2022, the net amount due to Former Parent was $7,226,700.