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PROPERTY AND EQUIPMENT, NET
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

11. PROPERTY AND EQUIPMENT, NET

 

Property and equipment consist of the following at September 30, 2025 and December 31, 2024:

 

  

September 30,

2025

  

December 31,

2024

 
         
Building and building improvements  $-   $781,985 
Equipment and machinery   -    4,821,936 
Furniture and fixtures   8,418    284,877 
Vehicles   -    585,854 
Property plant and equipment, gross   8,418    6,474,652 
Less: accumulated depreciation   (3,246)   (5,834,427)
Total property and equipment, net   5,172    640,225 
Less: property and equipment, net – discontinued operations   -    (634,773)
Property and equipment, net – continuing operations  $5,172   $5,452 

 

For the three and nine months ended September 30, 2025, depreciation expense was $2,393 and $40,480, respectively. For the three and nine months ended September 30, 2024, depreciation expense was $37,998 and $125,479, respectively.

 

 

EIGHTCO HOLDINGS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)