Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Revenues, net $ 9,791,372 $ 12,016,305
Cost of revenues 7,312,602 9,570,205
Gross profit 2,478,770 2,446,100
Operating expenses:    
Selling, general and administrative 78,946,818 10,009,725
Impairment 3,741,729
Total operating expenses 82,688,547 10,009,725
Operating loss (80,209,777) (7,563,625)
Other income (expense):    
Rental income 71,543 102,815
Interest expense (72,784,039) (3,378,131)
Change in fair value of short-term investments (840,000) (22,000)
Loss on issuance of warrants (656,504,147)
Change in fair value of warrants 94,817,673
Gain on divestiture
Loss on deconsolidation (1,194,311)
Gain on sale of building 764,718
Other income (32,915)
Total other income (expense) (635,701,478) (3,297,316)
Loss before income taxes (715,911,255) (10,860,941)
Income tax expense (benefit) 189,501 19,197
Net loss from continuing operations (716,100,756) (10,880,138)
Net loss attributable to noncontrolling interests (8,039,914) (554,382)
Net loss attributable to Vinco Ventures, Inc. from continuing operations (708,060,842) (10,325,756)
(Loss) gain from discontinued operations before income taxes (5,112,100) 5,185,260
Provision for income taxes for discontinued operations 12,940
Net (loss) gain from discontinued operations (5,112,100) 5,172,320
Net loss attributable to Vinco Ventures, Inc. $ (713,172,942) $ (5,153,436)
Net loss per share – basic and diluted:    
Net loss per share – continuing operations $ (11.28) $ (0.60)
Net loss per share – noncontrolling interests (0.12) (0.05)
Net loss per share – Vinco Ventures, Inc. (11.16) (0.55)
Net loss per share – discontinued operations (0.08) 0.06
Net loss per share $ (11.24) $ (0.49)
Weighted average number of common shares outstanding – basic and diluted 63,471,699 10,514,010