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COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

20. COMMITMENTS AND CONTINGENCIES

 

Operating Leases. The Company leases certain office space from an entity affiliated through common ownership under an operating lease agreement on a month-to-month basis. The Company has elected not to recognize right-of-use assets and lease liabilities arising from short-term leases.

 

For the three and six months ended June 30, 2025, rent expense was $17,521 and $84,220, respectively. For the three and six months ended June 30, 2024, rent expense was $124,783 and $190,927, respectively. Rental payments are expensed in the statements of comprehensive income in the period to which they relate.

 

 

EIGHTCO HOLDINGS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)