Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents [1] $ 87,612,176 $ 249,356
Restricted cash [1] 100,000,000
Short-term investments [1] 178,000 1,018,000
Accounts receivable, net [1] 1,124,421 1,382,163
Inventory, net [1] 475,666 1,127,725
Prepaid expenses and other current assets [1] 10,403,401 522,259
Loans held-for-investment, current portion [1] 3,950,000
Due from related party [1] 15,997,803
Current assets of discontinued operations [1] 1,042,680
Total current assets [1] 219,741,467 5,342,183
Property and equipment, net [1] 1,376,751 1,010,801
Right of use assets, net [1] 168,914 153,034
Loans held-for-investment 250,000 [1]
Loans held-for-investment – related parties 20,500,000 [1]
Intangible assets, net [1] 40,525,453 9,798,813
Goodwill [1] 121,580,144 5,983,852
Cost method investment [1] 1,000,000
Non-current assets of discontinued operations [1] 5,739,524
Total assets [1] 405,142,729 28,028,207
Current liabilities:    
Accounts payable [1] 6,105,963 3,618,339
Accrued expenses and other current liabilities [1] 19,330,835 2,101,610
Deferred revenues [1] 61,348 152,040
Current portion of operating leases liabilities [1] 100,733 96,777
Income tax payable [1] 108,724 27,643
Line of credit, net of debt issuance costs of $0 and $0, respectively 1,500,953
Current portion of convertible notes payable, net of debt issuance costs of $68,911,823 and $13,844, respectively [1] 44,238,177 577,260
Current portion of notes payable, net of debt issuance costs of $0 and $34,997, respectively [1] 15,530 1,301,212
Current portion of notes payable – related parties [1] 112,835 1,389,923
Due to related party [1] 15,401 32,452
Current liabilities of discontinued operation [1] 487,454
Total current liabilities [1] 70,189,546 11,285,663
Operating leases liabilities –net of current portion [1] 70,514 58,713
Convertible notes payable – related parties, net of current portion, net of debt discount of $13,349 and $266,667, respectively [1] 2,608,923 1,161,495
Notes payable, net of current portion [1] 12,114 595,879
Notes payable – related parties, net of current portion [1] 1,403,756
Deferred tax liability [1] 108,420
Derivative liability [1] 198,566,170
Total liabilities [1] 271,455,687 14,505,506
Commitments and Contingencies (Note 17) [1]
Stockholders’ equity    
Preferred stock [1]
Common stock, $0.001 par value, 250,000,000 shares authorized 150,118,024 and 14,471,403 shares issued and outstanding as of December 31, 2021 and 2020, respectively [1] 150,118 14,471
Additional paid-in-capital [1] 850,096,635 39,050,260
Accumulated deficit [1] (736,821,840) (23,648,898)
Total stockholders’ equity attributable to Vinco Ventures, Inc. [1] 113,424,913 15,416,598
Noncontrolling interests [1] 20,262,129 (1,893,897)
Total stockholders’ equity [1] 133,687,042 13,522,701
Total liabilities and stockholders’ equity [1] 405,142,729 28,028,207
Series B Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock [1] $ 765
[1] 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).