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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues, net $ 7,672,395 $ 23,334,588 $ 24,309,228 $ 59,771,456
Cost of revenues 5,625,524 20,587,284 18,598,784 52,675,166
Gross profit 2,046,871 2,747,304 5,710,444 7,096,290
Operating expenses:        
Selling, general and administrative expenses 3,723,191 3,247,561 10,646,371 12,230,862
Restructuring and severance 187,286 1,414,838 1,847,406
Total operating expenses 3,723,191 3,434,847 12,061,209 14,078,268
Operating loss (1,676,320) (687,543) (6,350,765) (6,981,978)
Non-operating income (expense):        
Interest expense, net (1,525,274) (2,795,169) (4,047,639) (8,344,729)
Loss on Issuance of Warrants (46,928,815)
Gain on forgiveness of earnout 6,100,000
Gain on extinguishment of liabilities 7,427,193
Other income 24,221 29,562 83,693 97,984
Total non-operating income (expense) (1,501,053) (2,765,607) 9,563,247 (55,175,560)
Net income (loss) before income tax expense (3,177,373) (3,453,150) 3,212,482 (62,157,538)
Income tax expense (benefit)
Net income (loss) (3,177,373) (3,453,150) 3,212,482 (62,157,538)
Net loss attributable to non-controlling interest (12)
Net income (loss) attributable to Eightco, Inc. $ (3,177,373) $ (3,453,150) $ 3,212,494 $ (62,157,538)
Net income (loss) per share:        
Net income (loss) per share – basic $ (1.77) $ (4.96) $ 2.12 $ (128.65)
Net income (loss) per share – diluted $ (1.77) $ (4.96) $ 1.79 $ (128.65)
Weight average number of common shares outstanding – basic 1,799,368 696,852 1,515,440 483,146
Weight average number of common shares outstanding – diluted 1,799,368 696,852 1,795,257 483,146