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STOCKHOLDERS’ EQUITY | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
STOCKHOLDERS’ EQUITY | 17. STOCKHOLDERS’ EQUITY Common Stock. Prior to the Separation, Vinco Ventures, Inc. owned 100% of the issued and outstanding common stock of Eightco Holdings Inc. Effective June 29, 2022, the Company separated from its former parent company, Vinco Ventures, Inc., and the distribution of its common stock was completed. As of March 31, 2023 and December 31, 2022, the Company had 1,797,570 and 633,365 issued and outstanding shares of common stock, respectively. On March 16, 2023, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation with the Secretary of State of Delaware to increase the number of authorized shares of the Company’s common stock, par value $0.001 per share from 250,000,000 to 500,000,000 and to make a corresponding change to the number of authorized shares of capital stock, effective as of 4:05 p.m. (New York time) on March 16, 2023. Common stock issuances during the three months ended March 31, 2023: From January 1, 2023 through March 31, 2023, the Company issued a total of 774,733 shares of common stock to a noteholder for repayment of principal valued at $7,743,333 based on the conversion price set forth in the Note. On January 26, 2023, the Company issued a total of 20,550 shares of common stock to employees for services rendered on behalf of the Company valued at $571,200 and previously expensed as stock-based compensation. On January 26, 2023, the Company issued a total of 2,700 shares of common stock to three directors for director compensation valued at $91,800 and previously expensed as stock-based compensation. On March 1, 2023, the Company issued 72,000 shares of common stock for an exercise of a warrant. On March 16, 2023, the Company issued 115,355 shares of common stock for an exercise of two warrants. On March 22, 2023, the Company issued 59,392 shares of common stock for an exercise of a warrant. On March 30, 2023, the Company issued 120,000 shares of common stock for an exercise of a warrant. Preferred Stock: On January 17, 2023, the board of directors of the Company declared a dividend of one one-thousandth of a share of Series A Preferred Stock, par value $0.001 per share, for each outstanding share of the Company’s common stock, par value $0.001 per share to stockholders of record at 5:00 p.m. Eastern Time on January 27, 2023 (the “Record Date”). On January 19, 2023, the Company filed a Certificate of Designation with the Delaware Secretary of State for its Series A Preferred Stock. The number of shares designated is three hundred thousand (300,000). As of March 31, 2023 and December 31, 2022, the Company had 1,311 and 0 issued and outstanding shares of Series A Preferred Stock, respectively. All shares of Series A Preferred Stock issued have been since redeemed. EIGHTCO HOLDINGS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the three months ended March 31, 2023 and 2022 (Unaudited)

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