10-Q Filing

EIGHTCO HOLDINGS INC. CIK: 1892492 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-018241`
Period End Date	20220331
Filing Date	20220630
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 32 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	10,000.00	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$911.19K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10,000.00	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$867.03K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$969.81K	USD	Point-in-time
Inventories	`InventoryNet`	$110.66K	USD	Point-in-time
Inventories	`InventoryNet`	$82.64K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.97M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$955.17K	USD	Point-in-time
Loan held-for-investment	`LoansHeldForInvestmentNonCurrent`	$4.00M	USD	Point-in-time
Loan held-for-investment	`LoansHeldForInvestmentNonCurrent`	$4.00M	USD	Point-in-time
Total assets	`Assets`	$13.98M	USD	Point-in-time
Total assets	`Assets`	$14.89M	USD	Point-in-time
Note payable, current portion	`NotesPayableCurrent`	$15.53K	USD	Point-in-time
Note payable, current portion	`NotesPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$172.63K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$171.17K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$7.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$7.01M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$320.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$130.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$751.23K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.89M	USD	Point-in-time
Note payable, less current portion	`LongTermNotesPayable`	$12.11K	USD	Point-in-time
Note payable, less current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$82.10K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$82.10K	USD	Point-in-time
Due to Parent	`DueToAffiliateNoncurrent`	$5.89M	USD	Point-in-time
Due to Parent	`DueToAffiliateNoncurrent`	$4.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.81M	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 and 10,000 shares authorized and 10,000 and 10,000 shares outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$10.00	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 and 10,000 shares authorized and 10,000 and 10,000 shares outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$10.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-10.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-10.00	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.30M	USD	Point-in-time
Total stockholders equity attributable to Cryptyde, Inc.	`StockholdersEquity`	$1.29M	USD	Point-in-time
Total stockholders equity attributable to Cryptyde, Inc.	`StockholdersEquity`	$2.30M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-128.86K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-255.61K	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.89M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.72M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.76M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.28M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$474.49K	USD	1 Quarter
Gross profit	`GrossProfit`	$545.26K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$494.06K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.92M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-19.56K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.38M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$46.49K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$129.00	USD	1 Quarter
Rental income	`RentalIncomes`	$25.70K	USD	1 Quarter
Rental income	`RentalIncomes`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$49.52K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Total non-operating income (expense)	`NonoperatingIncomeExpense`	$49.39K	USD	1 Quarter
Total non-operating income (expense)	`NonoperatingIncomeExpense`	$-20.79K	USD	1 Quarter
Net loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-40.35K	USD	1 Quarter
Net loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.33M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-11.34K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-190.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-29.01K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.14M	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-126.75K	USD	1 Quarter
Net loss attributable to Cryptyde, Inc.	`NetIncomeLoss`	$-29.01K	USD	1 Quarter
Net loss attributable to Cryptyde, Inc.	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Loss per share basic and diluted	`EarningsPerShareBasic`	$-101.04	USD	1 Quarter
Loss per share basic and diluted	`EarningsPerShareBasic`	$-2.90	USD	1 Quarter
Weight average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesIssuedBasic`	10,000.00	shares	1 Quarter
Weight average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesIssuedBasic`	10,000.00	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-29.01K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.81K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$59.19K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$46.70K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$149.48K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.93K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-28.03K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.87K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$785.90K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.01K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.46K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.59K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$385.23K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$17.46K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.55M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.77K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$18.23K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$6.59K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.23K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.59K	USD	1 Quarter
Borrowings under lines of credit	`RepaymentsOfLinesOfCredit`	$367.98K	USD	1 Quarter
Borrowings under lines of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments under notes payable	`RepaymentsOfNotesPayable`	$27.64K	USD	1 Quarter
Repayments under notes payable	`RepaymentsOfNotesPayable`	$3.65K	USD	1 Quarter
Due from Parent	`ProceedsFromRelatedPartyDebt`	$415.58K	USD	1 Quarter
Due from Parent	`ProceedsFromRelatedPartyDebt`	$1.69M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.66M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.96K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$57.50K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$101.74K	USD	1 Quarter
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.76K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$911.19K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.26K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.01M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.76K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$911.19K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.26K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.01M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$46.49K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$192.00	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24M	USD	Point-in-time
Net loss	`ProfitLoss`	$-29.01K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.14M	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.