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LINES OF CREDIT
12 Months Ended
Dec. 31, 2024
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 December 31, 2024 and December 31, 2023:

  

  

December 31,

2024

  

December 31,

2023

 
           
Lines of credit, 12%-18%  $6,850,000   $3,200,000 

 

Interest expense under lines of credit was $698,030 and $227,630 for the years ended December 31, 2024 and 2023, respectively.

 

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

 

 

EIGHTCO HOLDINGS INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the Years ended December 31, 2024 and 2023