Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 49,937,549 $ 249,356
Restricted cash 100,000,000
Short-term investments 282,000 1,018,000
Accounts receivable, net 1,901,182 1,382,163
Inventory 789,727 1,127,725
Prepaid expenses and other current assets 3,855,618 522,259
Loan held for investment 18,150,000
Current assets of discontinued operations 1,042,680
Total current assets 174,916,076 5,342,183
Property and equipment, net 972,151 1,010,801
Right of use assets, net 80,544 153,034
Intangible assets, net 154,962,061 9,798,813
Goodwill 5,983,852 5,983,852
Non-current assets of discontinued operations 5,739,524
Total assets 336,914,684 28,028,207
Current liabilities:    
Accounts payable 5,587,010 3,618,339
Accrued expenses and other current liabilities 3,040,564 2,101,610
Deferred revenues 64,243 152,040
Current portion of operating leases liabilities 83,408 96,777
Income tax payable 27,643 27,643
Line of credit, net of debt issuance costs of $0 and $15,573, respectively 1,500,953
Current portion of convertible notes payable, net of debt issuance costs of $91,518,515 and $0, respectively 28,481,485 577,260
Current portion of notes payable, net of debt issuance costs of $0 and $212,848, respectively 15,357 1,301,212
Current portion of notes payable – related parties 112,835 1,389,923
Notes payable, current
Due to related party 15,401 32,452
Current liabilities of discontinued operations 487,454
Total current liabilities 37,427,946 11,285,663
Operating leases liabilities –net of current portion 58,713
Convertible notes payable – related parties, net of current portion, net of debt discount of $95,089 and $366,666, respectively 207,183 1,161,495
Notes payable, net of current portion 166,061 595,879
Notes payable – related parties, net of current portion 2,500,000 1,403,756
Warrant liability 468,612,700
Total liabilities 508,913,890 14,505,506
Commitments and Contingencies (Note 12)  
Stockholders’ equity    
Series B Preferred Stock, $0.001 par value, 1,000,000 shares authorized; 0 and 764,618 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively
Common stock, $0.001 par value, 250,000,000 shares authorized 107,021,381 and 14,471,403 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 107,021 14,471
Additional paid-in-capital 617,952,342 39,050,260
Accumulated deficit (812,250,328) (23,648,898)
Total stockholders’ (deficit) equity attributable to Vinco Ventures, Inc. (194,190,965) 15,416,598
Noncontrolling interests 22,191,759 (1,893,897)
Total stockholders’ equity (171,999,206) 13,522,701
Total liabilities and stockholders’ equity 336,914,684 28,028,207
Series B Preferred Stock [Member]    
Stockholders’ equity    
Series B Preferred Stock, $0.001 par value, 1,000,000 shares authorized; 0 and 764,618 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively $ 765