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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues, net $ 7,017,013 $ 20,547,153 $ 16,636,833 $ 36,436,868
Cost of revenues 5,239,202 18,017,259 12,973,260 32,087,882
Gross profit 1,777,811 2,529,894 3,663,573 4,348,986
Operating expenses:        
Selling, general and administrative expenses 3,461,221 4,717,556 6,923,180 8,983,301
Restructuring and severance 283,686 1,414,838 1,367,372
Impairment 292,748 292,748
Total operating expenses 3,461,221 5,293,990 8,338,018 10,643,421
Operating loss (1,683,410) (2,764,096) (4,674,445) (6,294,435)
Non-operating income (expense):        
Interest income (expense), net (1,323,594) (2,736,333) (2,522,365) (5,549,560)
Loss on Issuance of Warrants (3,387,604) (46,928,815)
Gain on forgiveness of earnout 6,100,000
Gain on extinguishment of liabilities 7,427,193 7,427,193
Other income 28,703 34,785 59,472 68,422
Total non-operating income (expense) 6,132,302 (6,089,152) 11,064,300 (52,409,953)
Net income (loss) before income tax expense 4,448,892 (8,853,248) 6,389,855 (58,704,388)
Income tax expense (benefit)
Net income (loss) 4,448,892 (8,853,248) 6,389,855 (58,704,388)
Net loss attributable to non-controlling interest (12)
Net income (loss) attributable to Eightco, Inc. $ 4,448,892 $ (8,853,248) $ 6,389,867 $ (58,704,388)
Net income (loss) per share:        
Net income (loss) per share – basic $ 0.51 $ (3.54) $ 0.93 $ (31.35)
Net income (loss) per share – diluted $ 0.43 $ (3.54) $ 0.75 $ (31.35)
Weight average number of common shares outstanding – basic 8,729,984 2,496,665 6,859,589 1,872,611
Weight average number of common shares outstanding – diluted 10,366,815 2,496,665 8,496,421 1,872,611