Eightco Holdings Inc. Files Q3 2024 10-Q

TL;DR

Eightco Holdings Inc. (formerly Cryptyde) filed its Q3 2024 10-Q. Financials are in.

AI Summary

Eightco Holdings Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Cryptyde, Inc., is incorporated in Delaware and operates in the short-term business credit institutions sector. Its principal executive offices are located at 101 Larry Holmes Drive, Suite 313, Easton, PA.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Eightco Holdings Inc. during the third quarter of 2024.

Risk Assessment

Risk Level: medium — The company has a history of name changes and operates in a sector that can be subject to regulatory scrutiny and market volatility.

Key Players & Entities

• Eightco Holdings Inc. (company) — Filer of the 10-Q
• Cryptyde, Inc. (company) — Former name of Eightco Holdings Inc.
• 20240930 (date) — End of the reporting period
• 101 Larry Holmes Dr., Suite 313, Easton, PA 18042 (location) — Business and mailing address

FAQ

Filing Documents

• form10-q.htm (10-Q) — 1276KB
• ex31-1.htm (EX-31.1) — 14KB
• ex31-2.htm (EX-31.2) — 14KB
• ex32-1.htm (EX-32.1) — 8KB
• 0001493152-24-046025.txt ( ) — 7381KB
• octo-20240930.xsd (EX-101.SCH) — 64KB
• octo-20240930_cal.xml (EX-101.CAL) — 80KB
• octo-20240930_def.xml (EX-101.DEF) — 303KB
• octo-20240930_lab.xml (EX-101.LAB) — 451KB
• octo-20240930_pre.xml (EX-101.PRE) — 415KB
• form10-q_htm.xml (XML) — 1087KB

Financial Statements

Financial Statements 4 Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the three and nine months ended September 30, 2024 and 2023 (Unaudited) 7 Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 (Unaudited) 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 4.

Controls and Procedures

Controls and Procedures 42 PART II Item 1.

Legal Proceedings

Legal Proceedings 43 Item 1A.

Risk Factors

Risk Factors 43 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities 43 Item 3. Defaults Upon Senior Securities 43 Item 4. Mine Safety Disclosures 44 Item 5. Other Information 44 Item 6. Exhibits 44

Signatures

Signatures 47 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Quarterly Report") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements relate to future events including, without limitation, our ability to raise capital, our operational and strategic initiatives or our future financial performance. We have attempted to identify forward-looking statements by using terminology such as "anticipates," "believes," "expects," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predict," "should" or "will" or the negative of these terms or other comparable terminology. These statements are only predictions; uncertainties and other factors may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Our expectations are as of the date this Quarterly Report is filed, and we do not intend to update any of the forward-looking statements after the date this Quarterly Report is filed to confirm these statements to actual results, unless required by law. You should not place undue reliance on forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially from those in the forward-looking statements. Factors that could cause or contribute to these differences include those discussed in "Risk Factors," in Part II, Item 1A of this Report as well as

Business

Business Combinations . For business combinations that meet the accounting definition of a business, the Company determines and allocates the purchase price of an acquired company to the tangible and intangible assets acquired, the liabilities assumed, and noncontrolling interest, if applicable, as of the date of acquisition at fair value. Fair value may be estimated using comparable market data, a discounted cash flow method, or a combination of the two. In the discounted cash flow method, estimated future cash flows are based on management's expectations for the future. Revenues and costs of the acquired companies are included in the Company's operating results from the date of acquisition. The Company uses its best estimates and assumptions as part of the purchase price allocation process to accurately value assets acquired and liabilities assumed at the acquisition date, and these estimates and assumptions are inherently uncertain and subject to refinement during the measurement period not to exceed one year from the acquisition date. As a result, any adjustment identified subsequent to the measurement period is included in operating results in the period in which the amount is determined. Cash and Cash Equivalents . The Company considers all highly liquid, short-term investments with original maturities of six months or less when purchased to be cash equivalents. Accounts Receivable . Accounts receivable are carried at their contractual amounts, less an estimated allowance for credit losses. Management estimates the allowance for credit losses using a loss-rate approach based on historical loss information, adjusted for management's expectations about current and future economic conditions, as the basis to determine expected credit losses. Management exercises significant judgment in determining expected credit losses. Key inputs include macroeconomic factors, industry trends, the creditworthiness of counterparties, historical experience, the financial con