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LINES OF CREDIT
6 Months Ended
Jun. 30, 2025
Nonrelated Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
LINES OF CREDIT

14. LINES OF CREDIT

 

Principal due under the lines of credit was as follows at June 30, 2025 and December 31, 2024:

 

    June 30, 2025    December 31, 2024 
           
Lines of credit 12% - 18%  $6,955,000   $6,850,000 

 

For the three and six months ended June 30, 2025, interest expense under lines of credit was $246,146 and $493,790, respectively. For the three and six months ended June 30, 2024, interest expense under lines of credit was $162,865 and $313,872, respectively.

 

The lines of credit are collateralized by the inventory of the Company.

 

 

EIGHTCO HOLDINGS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)