Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flow from Operating Activities    
Net income (loss) attributable to Vinco Ventures, Inc. $ (62,291,354) $ (3,397,975)
Net income attributable to noncontrolling interests 28,034
Net income (loss) (62,263,320) (3,397,975)
Adjustments to reconcile net (income) loss to net cash used in operating activities:    
Discontinued operations (178,200) 4,667,067
Depreciation and amortization 445,541 316,299
Amortization of financing costs 12,418,930 570,636
Stock-based compensation 8,697,502 1,319,511
Amortization of right of use asset 24,163 77,823
Gain on divestiture (4,911,760)
Change in fair value of short-term investments 70,000
Loss on issuance of warrants 75,156,534
Change in fair value of warrant liability (36,381,542)
Changes in assets and liabilities:    
Accounts receivable (494,130) 64,359
Inventory (215,717) 69,089
Prepaid expenses and other current assets 139,635 33,441
Accounts payable (804,282) (215,320)
Accrued expenses and other current liabilities (714,500) 335,815
Operating lease liabilities (23,723) (74,776)
Due from related party (17,001) (8,115)
Net cash used in operating activities (4,140,110) (1,153,506)
Cash Flows from Investing Activities    
Purchases of property and equipment (18,228) (31,918)
Equity method investment (7,000,000)
Funding of loan receivable (5,000,000)
Net cash used in investing activities (12,018,228) (31,918)
Cash Flows from Financing Activities    
Net (repayments) borrowings under line of credit (379,333) 112,862
Borrowings under convertible notes payable 19,720,000 1,100,000
Borrowings under notes payable 73,000 950,000
Repayments under notes payable (2,141,782) (672,773)
Repayments under notes payable- related parties (659,999) (14,508)
Fees paid for financing costs (122,762) (170,815)
Net proceeds from issuance of common stock 3,255,000
Exercise of warrants 1,690,604
Net cash provided by financing activities 21,434,726 1,304,766
Net increase (decrease) in cash and cash equivalents 5,276,388 119,342
Cash and cash equivalents - beginning of period 249,356 412,719
Cash and cash equivalents - end of period 5,525,744 532,062
Cash paid during the period for:    
Interest 343,824 127,504
Income taxes (14,738)
Noncash investing and financing activity:    
Shares issued to note holders 422,672 368,000
Conversions under notes payable 11,094,020
Issuance of warrants and beneficial conversion option to note holders $ 22,000,000