XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 808,777 $ 5,247,836
Accounts receivable, net 2,553,645 1,873,950
Inventories 5,066,987 6,079,907
Prepaid expenses and other current assets 1,011,500 807,908
Total current assets 9,440,909 14,009,601
Property and equipment, net 694,980 744,559
Intangible assets, net 15,552,142 16,108,443
Goodwill 22,324,588 22,324,588
Loan held-for-investment 2,224,252 2,224,252
Total assets 50,236,871 55,411,443
Current liabilities:    
Total current liabilities 32,520,029 39,443,542
Convertible notes payable – related parties, net of debt discount of $1,500,000 and $1,750,000, respectively 14,198,734 14,133,700
Deferred tax liabilities 82,104 82,104
Contingent consideration 6,100,000
Total liabilities 46,800,867 59,759,346
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and 0 and 0 shares outstanding at March 31, 2024 and December 31, 2023, respectively
Common stock, $0.001 par value, 500,000,000 shares authorized and 8,537,310 and 4,706,419 shares outstanding at March 31, 2024 and December 31, 2023, respectively 8,537 4,706
Additional paid-in capital 114,633,768 108,617,178
Accumulated deficit (111,337,613) (113,278,588)
Foreign currency translation 545,826 723,303
Total stockholders’ equity (deficit) attributable to Eightco Holdings Inc. 3,850,518 (3,933,401)
Non-controlling interest (414,514) (414,502)
Total stockholders’ equity (deficit) 3,436,004 (4,347,903)
Total liabilities and stockholders’ equity 50,236,871 55,411,443
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 1,766,092 2,135,596
Accrued expenses and other current liabilities 1,653,310 1,797,775
Convertible notes payable 4,637,250
Line of credit 3,700,000 3,200,000
Related Party [Member]    
Current liabilities:    
Accounts payable 195,446 381,828
Accrued expenses and other current liabilities 3,227,988 5,388,900
Convertible notes payable 11,500,000 11,500,000
Line of credit 3,500,000 3,425,000
Due to Former Parent $ 6,977,193 $ 6,977,193