Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenues, net $ 2,565,162 $ 1,953,346
Cost of revenues 1,653,381 1,363,719
Gross profit 911,781 589,627
Operating expenses:    
Selling, general and administrative 11,660,880 3,288,949
Operating loss (10,749,099) (2,699,322)
Other (expense) income:    
Rental income 25,704 25,704
Interest expense (12,694,933) (723,957)
Loss on issuance of warrants (75,156,534)
Change in fair value of warrant liability 36,381,542
Change in fair value of short-term investment (70,000)
Total other income (expense), net (51,514,221) (698,253)
(Loss) income before income taxes (62,263,320) (3,397,575)
Income tax expense
Net loss from continuing operations (62,263,320) (3,397,975)
Net income attributable to noncontrolling interests 28,034
Net loss attributable to Vinco Ventures, Inc. from continuing operations (62,291,354) (3,397,975)
Loss from discontinued operations (178,200) (244,693)
Gain on divestiture from discontinued operations 4,911,760
Net (loss) income attributable to Vinco Ventures, Inc. $ (62,469,554) $ 1,269,492
Net (loss) income per share - basic $ (3.27) $ 0.16
Net (loss) income per share - diluted $ (3.28) $ 0.13
Weighted average number of common shares outstanding - basic 19,055,006 8,181,470
Weighted average number of common shares outstanding - diluted 19,055,006 9,637,421