UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2022

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number: 001-38448

VINCO VENTURES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada		82-2199200
(State or Other Jurisdiction		(I.R.S. Employer
of Incorporation or Organization)		Identification No.)

24 Aspen Park Blvd
East Syracuse, NY 13057		14450
(Address of Principal Executive Offices)		(Zip Code)

(866) 900-0992

(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or Section 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

☐Yes ☒ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

☒Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller Reporting Company ☒
	Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

☐ Yes ☒ No

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value per share		BBIG		The Nasdaq Stock Market LLC

As of February 21, 2023, there were 248,987,660 shares of the registrant’s common stock outstanding.

VINCO VENTURES, INC.

TABLE OF CONTENTS

		Page Number

PART I
Item 1.	Financial Statements (Unaudited)
	Condensed Consolidated Balance Sheets as of June 30, 2022 (Unaudited) and December 31, 2021	5
	Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021 (Unaudited)	6
	Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three and the six months ended June 30, 2022 and 2021 (Unaudited)	7
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021 (Unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	32
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	50
Item 4.	Controls and Procedures	50

PART II
Item 1.	Legal Proceedings	53
Item 1A.	Risk Factors	53
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	56
Item 3.	Defaults Upon Senior Securities	56
Item 4.	Mine Safety Disclosures	56
Item 5.	Other Information	56
Item 6.	Exhibits	56

	Signatures	57

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q for the period ended June 30, 2022 (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. The cautionary statements set forth in this Quarterly Report identify important factors which you should consider in evaluating our forward-looking statements. These factors include, among other things:

	●	Our ability to effectively execute our business plans including transitioning from being focused on end-to-end consumer product innovation, development, and commercialization to being focused on digital media, advertising and content technologies innovation, development, and commercialization;
	●	Our ability to manage our expansion, growth and operating expenses;
	●	Our ability to protect our brands, reputation and intellectual property rights;
	●	Our ability to obtain adequate financing to support our development plans;
	●	Our ability to repay our debts;
	●	Our ability to rely on third-party suppliers, content contributors, developers, and other business partners;
	●	Our ability to evaluate and measure our business, prospects and performance metrics;
	●	Our ability to compete and succeed in a highly competitive and evolving industry;
	●	Our ability to respond and adapt to changes in technology and consumer behavior;
	●	Our dependence on information technology, and being subject to potential cyberattacks, security problems, network disruptions, and other incidents;
	●	Our ability to comply with complex and evolving laws and regulations including those relating to privacy, data use and data protection, content, competition, safety and consumer protection, e-commerce, digital assets and other matters, many of which are subject to change and uncertain interpretation;
	●	Our ability to enhance disclosure and financial reporting controls and procedures and remedy the existing weakness;
	●	Risks in connection with completed or potential acquisitions, dispositions and other strategic growth opportunities and initiatives;
	●	Risks related to the integration of completed acquisitions and the achievement of our expected benefits from our acquisitions and investments, including, but not limited to, our investment in Lomotif Private Limited (“Lomotif”) through ZVV Media Partners, LLC (“ZVV”), our investment in Magnifi U Inc. (“Magnifi U”), our joint venture with ZASH Global Media and Entertainment Corporation (“ZASH”), and our acquisitions of AdRizer, LLC (“AdRizer”) and Honey Badger Media, LLC (“Honey Badger”);
	●	Various risks related to health epidemics, pandemics and similar outbreaks, such as the coronavirus disease 2019 (“COVID-19”) pandemic, which may have material adverse effects on our business, financial position, results of operations and/or cash flows;
	●	Other risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2021.

Specifically, our investment in Lomotif and related growth initiatives may fail to deliver our expected benefits, for reasons relating to including, but not limited to, our and Lomotif’s capital requirements and whether we will be able to raise capital as needed; our ability to successfully develop the business and revenue models for Lomotif’s social media platform; whether Lomotif can retain its existing users and attract new users to its platform; whether our cross-platform user engagement strategy will enhance our ability to monetize the Lomotif platform; whether Lomotif can attract and maintain relationships with influencers, artists, and other content creators or publishers who will provide compelling content to the platform; our ability to integrate the operations of Lomotif within the Vinco Ventures conglomerate and create synergies between Lomotif and other businesses and assets we have acquired or plan to acquire, including AdRizer; the ability of Lomotif’s platform and associated promotional activities to compete effectively for user engagement; Lomotif’s ability to retain reliable developers, vendors and suppliers to support its operations; failure of third parties to promote Lomotif’s platform and associated products and services effectively or at all; breaches of network and data security measures; a disruption or failure of networks and information systems; Lomotif’s ability to protect its patents and other intellectual property and operate its businesses without infringing upon the intellectual property rights of others; changes in local, state, federal and international laws and regulations that may adversely affect Lomotif’s business or prospects; risk of attempts at unauthorized or improper use of the platform and resulting damages to Lomotif’s reputation; the inability to maintain or increase the value of the Lomotif brands; the inability to successfully respond to rapid changes in technologies and user tastes and preferences and remain competitive; the impact of any legal proceedings or governmental action against Lomotif; and whether Lomotif will continue to receive the services of key management and retain qualified personnel.

In addition, AdRizer’s advertising business and our efforts to integrate AdRizer with our other businesses or investments such as Lomotif and Honey Badger are subject to risks including, but not limited to, AdRizer is faced with intensive competition in the digital advertising industry; high customer concentration, long sales cycles and payment-related risks may subject AdRizer to significant fluctuations or declines in revenues; the reliability of operational and performance issues with AdRizer’s platform, whether real or perceived, including a failure to respond to technological changes or to upgrade its technology systems, may adversely affect AdRizer’s business and operational results; AdRizer’s technology solutions are dependent on third parties including data hosting service, data providers and various technology, software, products and services from third parties or available as open source; AdRizer’s business practices are subject to governmental regulation, legal requirements or industry standards relating to consumer privacy, data protection and consumer protection, and unfavorable changes or failure by AdRizer to comply with these laws and regulations could substantially harm its business; and to the extent the use of “third-party cookies” or other technology to uniquely identify devices is rejected by Internet users, restricted by government regulations, blocked or limited by technical changes on end users’ devices and web browsers, AdRizer’s performance may decline and AdRizer may lose advertisers.

These and other factors discussed above could cause results to differ materially from those expressed in the estimates made by any independent parties and by us.

USE OF MARKET AND INDUSTRY DATA

This Quarterly Report includes market and industry data that we have obtained from third-party sources, including industry publications, as well as industry data prepared by our management on the basis of its knowledge of and experience in the industries in which we operate (including our management’s estimates and assumptions relating to such industries based on that knowledge). Management has developed its knowledge of such industries through its experience and participation in these industries. While our management believes the third-party sources referred to in this Quarterly Report are reliable, neither we nor our management have independently verified any of the data from such sources referred to in this Quarterly Report or ascertained the underlying economic assumptions relied upon by such sources. Furthermore, internally prepared and third- party market prospective information, in particular, are estimates only and there will usually be differences between the prospective and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material. Also, references in this Quarterly Report to any publications, reports, surveys or articles prepared by third parties should not be construed as depicting the complete findings of the entire publication, report, survey or article. The information in any such publication, report, survey or article is not incorporated by reference in this Quarterly Report.

TRADEMARKS, SERVICE MARKS AND TRADE NAMES

Solely for convenience, we refer to trademarks in this Quarterly Report without the ® or the ™ or symbols, but such references are not intended to indicate that we will not assert, to the fullest extent under applicable law, our rights to our own trademarks. Other service marks, trademarks and trade names referred to in this Quarterly Report, if any, are the property of their respective owners, although for presentational convenience we may not use the ® or the ™ symbols to identify such trademarks.

OTHER PERTINENT INFORMATION

Unless the context otherwise indicates, when used in this Quarterly Report, the terms “Vinco Ventures”, “Vinco”, “we,” “us,” “our,” the “Company” and similar terms refer to Vinco Ventures, Inc., a Nevada corporation formerly known as Edison Nation, Inc., Xspand Products Lab, Inc. and Idea Lab Products, Inc., and all of our consolidated subsidiaries and variable interest entities. The Company was formerly known as Edison Nation Inc., Xspand Products Lab, Inc. and Idea Lab Products, Inc. prior to its name change to “Vinco Ventures, Inc.” on November 10, 2020.

PART ONE – FINANCIAL INFORMATION

Vinco Ventures, Inc. and Subsidiaries

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2022			December 31, 2021
	(Unaudited)
Assets*
Current assets:
Cash and cash equivalents	$	99,216,863		$	86,700,982
Restricted cash - short term		-			100,000,000
Short-term investments		145,000			178,000
Accounts receivable, net		6,270,929			257,394
Inventory, net		-			365,002
Prepaid expenses and other current assets		3,612,761			7,043,685
Loans held-for-investment—related parties - current portion		15,740,000			3,950,000
Current assets of discontinued operations		-			5,248,600
Total current assets		124,985,553			203,743,664

Restricted cash long-term		80,000,000			-
Property and equipment, net		760,992			368,981
Right of use assets, net		629,521			168,914
Loan held-for-investment		750,000			250,000
Loan held-for-investment - related parties		8,451,250			16,500,000
Intangible assets, net		74,940,932			40,525,453
Goodwill		138,166,483			121,580,144
Investment in Mind Tank, LLC		3,093,926			-
Investments		1,000,000			1,000,000
Film and television productions		424,096			-
Other assets		3,140,836			-
Due from related party		15,416,136			15,997,803
Due from Cryptyde (related party)		6,750,130			-
Non-current assets of discontinued operations		-			5,007,770
Total assets	$	458,509,854		$	405,142,729

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	10,314,122		$	6,105,963
Accrued expenses and other current liabilities		4,476,083			12,230,879
Current portion of operating lease liabilities		203,022			100,733
Current portion of convertible notes payable, net of debt issuance costs of $4,066,590 and $68,911,823, respectively		29,046,245			44,238,177
Current portion of warrant liability to be settled by cash		33,886,612			-
Current portion of notes payable		-			15,530
Current portion of notes payable - related parties		112,835			112,835
Current liabilities of discontinued operations		-			7,285,429
Total current liabilities		78,038,919			70,089,546

Operating lease liabilities, net of current portion		437,369			70,514
Convertible notes payable - related parties, net of current portion		2,500,000			2,500,000
Notes payable -related parties, net of current portion		108,923			93,393
Convertible notes payable, net of current portion, net of debt issuance costs of $30,224,392 and $0, respectively.		49,652,774			-
Derivative liability		94,300,999			198,519,395
Deferred tax liability		61,645			108,420
Deferred acquisition purchase price		11,080,000			-
Non-current liabilities of discontinued operations		-			74,419
Total liabilities		236,180,629			271,455,687

Commitments and contingencies (Note 14)		-

Stockholders’ equity
Common stock, $0.001 par value, 250,000,000 shares authorized; 233,140,993 and 150,118,024 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively		233,141			150,118
Additional paid-in capital		1,181,292,871			850,096,635
Accumulated deficit		(963,776,852	)		(736,821,840	)
Total stockholders’ equity attributable to Vinco Ventures, Inc.		217,749,161			113,424,913
Noncontrolling interest		4,580,065			20,262,129
Total stockholders’ equity		222,329,225			133,687,042
Total liabilities and stockholders’ equity	$	458,509,854		$	405,142,729

*	The assets of the variable interest entities (the “VIEs”) can be used to settle obligations of the consolidated entities. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 4).

The accompanying notes are an integral part of these condensed consolidated financial statements.

Vinco Ventures, Inc. and Subsidiaries
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2022			2021			2022			2021
Revenues
Total revenue, net	$	10,365,300		$	685,117		$	18,142,566		$	1,492,627

Cost of revenues
Total costs of revenue		10,946,367			316,900			18,723,030			687,123
Gross profit (deficit)		(581,066	)		368,217			(580,464	)		805,504

Operating expenses:
Selling, general and administrative		30,739,339			5,410,233			55,588,027			16,692,058
Impairment expense		453,449			-			453,449			-
Total operating expenses		31,192,788			5,410,233			56,041,476			16,692,058
Operating loss		(31,773,855	)		(5,042,016	)		(56,621,939	)		(15,886,554	)

Other income (expense):
Interest income (expense)		(16,107,800	)		(2,650,306	)		(38,634,780	)		(15,377,596	)
Loss on issuance of warrants		-			(133,699,181	)		(243,681,478	)		(208,855,715	)
Loss on inventory write down		(365,001	)		-			(365,001	)		-
Loss on investments		(1,641,521	)		-			(1,641,521	)		-
Change in fair value of warrant liability		173,059,037			(37,154,989	)		86,110,179			(773,447	)
Change in fair value of contingent purchase price related to Adrizer, LLC acquisition		12,170,000			-			12,170,000			-
Other income (loss)		66,010			(353,645	)		215,604			(423,645	)
Total other income (expense)		167,180,725			(173,858,121	)		(185,826,997	)		(225,430,403	)
Income (loss) before income taxes		135,406,870			(178,900,137	)		(242,448,937	)		(241,316,957	)
Income tax expense		-			-			-			-
Net income (loss)		135,406,870			(178,900,137	)		(242,448,937	)		(241,316,957	)
Net (loss) income attributable to noncontrolling interests		(12,532,866	)		22,543			(18,690,055	)		50,577
Net income (loss) attributable to Vinco Ventures, Inc. from continuing operations		147,939,736			(178,922,680	)		(223,758,881	)		(241,367,534	)
Net loss from discontinued operations		(2,011,571	)		(4,746,066	)		(3,260,912	)		(4,770,766	)

Net income (loss) attributable to Vinco Ventures, Inc.	$	145,928,165		$	(183,668,746	)	$	(227,019,793	)	$	(246,138,300	)
Net income (loss) per share- Basic
Net income (loss) per share- Continuing operations	$	0.62		$	(9.39	)	$	(1.22	)	$	(8.78	)
Net income (loss) per share- Noncontrolling interests		(0.06	)		0.00			(0.09	)		0.00
Net loss per share – Vinco Ventures, Inc.		0.68			(9.39	)		(1.13	)		(8.78	)
Net loss per share- Discontinued operations		(0.01	)		(0.25	)		(0.02	)		(0.17	)
Net loss per share	$	0.67		$	(9.64	)	$	(1.14	)	$	(8.95	)
Net income (loss) per share – Diluted
Net income (loss) per share - Continuing operations	$	0.56		$	(9.39	)	$	(1.22	)	$	(8.78	)
Net income (loss) per share - Noncontrolling interests		(0.06	)		0.00			(0.09	)		0.00
Net loss per share – Vinco Ventures, Inc.		0.61			(9.39	)		(1.13	)		(8.78	)
Net loss per share - Discontinued operations		(0.01	)		(0.25	)		(0.02	)		(0.17	)
Net loss per share	$	0.60		$	(9.64	)	$	(1.14	)	$	(8.95	)

Weighted Average Number of Common Shares Outstanding – Basic		217,127,978			19,055,006			198,777,747			27,489,580
Weighted Average Number of Common Shares Outstanding – Diluted		245,799,190			19,055,006			198,777,747			27,489,580

The accompanying notes are an integral part of these condensed consolidated financial statements.

Vinco Ventures, Inc. and Subsidiaries

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

(Unaudited)

For the six months ended June 30, 2022 and 2021:


														Retained
	Preferred Stock						Common Stock				Additional Paid in			Earnings Accumulated			Non- controlling			Total Stockholders’
	Shares			Amount			Share		Amount		Capital			(Deficit)			Interest			Equity

Balance, January 1, 2021		764,618		$	765			14,471,403	$	14,471	$	39,050,260		$	(23,648,898	)	$	(1,893,897	)	$	13,522,701
Sale of common stock – investors		-			-			1,500,000		1,500		3,253,500			-			-			3,255,000
Issuance of common stock - note holders		-			-			303,483		304		422,368			-			-			422,672
Issuance of common stock - consultants		-			-			1,394,272		1,394		2,034,941			-			-			2,036,335
Issuance of common stock - employees		-			-			2,861,227		2,861		3,289,329			-			-			3,292,190
Issuance of common stock upon exercise of warrants		-			-			31,742,986		31,743		87,753,676			-			-			87,785,419
Offering costs -exercise of warrants		-			-			-		-		(7,379,064	)		-			-			(7,379,064	)
Issuance of common stock for acquisition		-			-			750,000		750		1,251,750			-			-			1,252,500
Share-based compensation		-			-			-		-		5,053,704			-			-			5,053,704
Conversion under notes payable		-			-			6,139,252		6,139		12,242,368			-			-			12,248,507
Exercise of warrant liabilities		-			-			-		-		89,654,047			-			-			89,654,047
Shares reserved for future issuance of common stock as consideration for the Emmersive asset acquisition		-			-			-		-		7,400,000			-			-			7,400,000
Conversion of preferred stock to common		(764,618	)		(765	)		764,619		765		-			-			-			-
Net (loss) income		-			-			-		-		-			(246,138,300	)		50,577			(246,087,723	)
Balance, June 30, 2021		-			-			59,927,242	$	59,927	$	244,026,879		$	(269,787,198	)	$	(1,843,320	)	$	(27,543,712	)

Balance, January 1, 2022		-			-			150,118,024	$	150,118	$	850,096,635		$	(736,821,840	)	$	20,262,129		$	133,687,042
Issuance of common stock – note holders		-			-			1,000,000		1,000		2,189,000			-			-			2,190,000
Issuance of common stock - consultants		-			-			40,000		40		102,523			-			-			102,563
Warrants exercised, net of offering costs		-			-			81,982,969		81,983		100,954,855			-			-			101,036,838
Share-based compensation		-			-			-		-		-			-			2,081,764			2,081,764
Exercise of warrant liabilities		-			-			-		-		227,949,858			-			-			227,949,858
Write off of investments		-			-			-		-		-			-			927,875			927,875
Investment in Magnifi U		-			-			-		-		-			-			(301,256	)		(301,256	)
Common stock issued by Cryptyde, Inc.		-			-			-		-		-			12,001,000			-			12,001,000
Spin-off of Cryptyde, Inc.		-			-			-		-		-			(11,936,218	)		299,608			(11,636,610	)
Net loss		-			-			-		-		-			(227,019,793	)		(18,690,055	)		(245,709,849	)
Net (loss) loss		-			-			-		-		-			(227,019,793	)		(18,690,055	)		(245,709,849	)
Balance, June 30, 2022		-		$	-			233,140,993	$	233,141	$	1,181,292,871		$	(963,776,852	)	$	4,580,064		$	222,329,225

The accompanying notes are an integral part of these condensed consolidated financial statements.

For the three months ended June 30, 2022 and 2021:

		1			2			3		4		5			6			7			8
														Retained
	Preferred Stock						Common Stock				Additional Paid-in			Earnings Accumulated			Non- controlling			Total Stockholders’
	Shares			Amount			Shares		Amount		Capital			(Deficit)			Interest			Equity

Balance, March 31, 2021		764,618		$	765			25,685,981	$	25,686	$	66,002,229		$	(86,118,452	)	$	(1,865,863	)	$	(21,955,635	)
Issuance of common stock – consultants		-			-			451,272		451		(451	)		-			-			-
Issuance of common stock – employees		-			-			1,598,355		1,598		(1,598	)		-			-			-
Issuance of common stock upon exercise of warrants		-			-			30,862,188		30,862		86,063,953			-			-			86,094,815
Offering costs -exercise of warrants		-			-			-		-		(7,379,064	)		-			-			(7,379,064	)
Share-based compensation		-			-			-		-		1,393,268			-			-			1,393,268
Conversion under notes payable		-			-			564,827		565		1,153,922			-			-			1,154,487
Exercise of warrant liabilities		-			-			-		-		89,394,620			-			-			89,394,620
Shares reserved for future issuance of common stock as consideration for the Emmersive asset acquisition		-			-			-		-		7,400,000			-			-			7,400,000
Conversion of preferred stock to common		(764,618	)		(765	)		764,619		765		-			-			-			-
Net (loss) income		-			-			-		-		-			(183,668,746	)		22,543			(183,646,203	)
Balance, June 30, 2021		-			-			59,927,242	$	59,927	$	244,026,879		$	(269,787,198	)	$	(1,843,320	)	$	(27,543,712	)

Balance, March 31, 2022		-			-			188,052,593		188,053	$	1,053,407,146		$	(1,109,769,797	)	$	15,145,821		$	(41,028,777	)
Beginning balance, value		-			-			188,052,593		188,053	$	1,053,407,146		$	(1,109,769,797	)	$	15,145,821		$	(41,028,777	)
Issuance of common stock - note holders		-			-			-		-		10,000			-			-			10,000
Issuance of common stock - consultants		-			-			40,000		-		102,563			-			-			102,563
Warrants exercised, net of offering costs		-			-			45,048,400		45,088		(45,088	)		-			-			-
Share-based compensation		-			-			-		-		(102,563	)		-			1,040,882			938,319
Exercise of warrant liabilities		-			-			-		-		127,920,814			-			-			127,920,814
Write off of investments		-			-			-		-		-			-			927,875			927,875
Investment in Magnifi U		-			-			-		-		-			-			(301,256	)		(301,256	)
Common stock issued by Cryptyde, Inc.		-			-			-		-		-			12,001,000			-			12,001,000
Spin-off of Cryptyde, Inc.		-			-			-		-		-			(11,936,218	)		299,608			(11,636,610	)
Net (loss) income		-			-			-		-		-			145,928,164			(12,532,865	)		133,395,298
Balance, June 30, 2022		-			-			233,140,993	$	233,141	$	1,181,292,871		$	(963,776,852	)	$	4,580,064		$	222,329,225
Ending balance, value		-			-			233,140,993	$	233,141	$	1,181,292,871		$	(963,776,852	)	$	4,580,064		$	222,329,225

Vinco Ventures, Inc. and Subsidiaries

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


	For the Six Months Ended June 30,
	2022			2021
Cash Flow from Operating Activities
Net loss attributable to Vinco Ventures, Inc.	$	(223,758,881	)	$	(241,367,534	)
Net (loss) income attributable to noncontrolling interest		(18,690,055	)		50,577
Net income (loss)		(242,448,937	)		(241,316,957	)
Adjustments to reconcile net loss to net cash used in operating activities:
Discontinued operations		(3,260,912	)		(4,770,766	)
Amortization of financing costs		36,873,397			15,597,936
Share-based compensation		2,184,327			10,003,767
Depreciation and amortization		4,974,199			1,081,623
Amortization of right of use asset		35,604			48,327
Change in fair value of short-term investment		33,000			122,400
Loss on disposal of discontinued operations		-			4,130,580
Gain on debt extinguishment		-			(852,352	)
Loss on issuance of warrants		243,681,478			208,855,715
Change in fair value of warrant liability		(86,110,179	)		773,447
Inventory write-off		(365,001	)		-
Write off of investments and Impairment Expense		2,100,045			-
Equity method investment - Income share of Mind Tank LLC		(293,926	)		-
Change in fair value of deferred acquisition		(12,170,000	)		-

Changes in assets and liabilities:
Accounts receivable		(674,375	)		(1,596,881	)
Inventory		(1,234,422	)		169,793
Prepaid expenses and other assets		993,247			(378,831	)
Accounts payable		(3,366,760	)		(819,943	)
Related party, net		(862,501	)		(17,050	)
Accrued expenses and other liabilities		(12,053,808	)		(775,082	)
Operating lease liabilities		(35,303	)		(47,714	)

Net Cash Used in Operating Activities		(72,000,827	)		(9,791,988	)

Cash Flows from Investing Activities
Issuance of loans held-for-investment-related parties		(6,290,000	)		-
Repayments of loans held-for-investment-related parties		1,048,750			-
Issuance of loans held-for-investment		(500,000	)		-
Purchases of property and equipment		(544,653	)		(88,633	)
Cash received from sale of assets of CBAV 1, LLC		-			2,529,564