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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 363,076 $ 5,247,836
Accounts receivable, net 2,098,784 1,873,950
Inventories 4,779,843 6,079,907
Prepaid expenses and other current assets 934,773 807,908
Total current assets 8,176,476 14,009,601
Property and equipment, net 662,869 744,559
Intangible assets, net 14,977,500 16,108,443
Goodwill 22,324,588 22,324,588
Loan held-for-investment 2,224,252 2,224,252
Total assets 48,365,685 55,411,443
Current liabilities:    
Total current liabilities 25,806,294 39,443,542
Convertible notes payable – related parties, net of debt discount of $1,250,000 and $1,750,000, respectively 9,048,734 14,133,700
Deferred tax liabilities 82,104 82,104
Contingent consideration 6,100,000
Total liabilities 34,937,132 59,759,346
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and 0 and 0 shares outstanding at June 30, 2024 and December 31, 2023, respectively
Common stock, $0.001 par value, 500,000,000 shares authorized and 8,752,487 and 4,706,419 shares outstanding at June 30, 2024 and December 31, 2023, respectively 8,752 4,706
Additional paid-in capital 120,182,547 108,617,178
Accumulated deficit (106,888,721) (113,278,588)
Foreign currency translation 540,489 723,303
Total stockholders’ equity (deficit) attributable to Eightco Holdings Inc. 13,843,067 (3,933,401)
Non-controlling interest (414,514) (414,502)
Total stockholders’ equity (deficit) 13,428,553 (4,347,903)
Total liabilities and stockholders’ equity 48,365,685 55,411,443
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable – related parties 1,816,338 2,135,596
Accrued expenses and other current liabilities – related parties 2,271,111 1,797,775
Convertible notes payable – related parties, 4,637,250
Line of credit – related parties 3,925,000 3,200,000
Related Party [Member]    
Current liabilities:    
Accounts payable – related parties 215,403 381,828
Accrued expenses and other current liabilities – related parties 2,323,442 5,388,900
Convertible notes payable – related parties, 11,500,000 11,500,000
Line of credit – related parties 3,275,000 3,425,000
Due to Former Parent $ 480,000 $ 6,977,193