Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flow from Operating Activities    
Net loss attributable to Vinco Ventures, Inc. $ (223,758,881) $ (241,367,534)
Net (loss) income attributable to noncontrolling interest (18,690,055) 50,577
Net income (loss) (242,448,937) (241,316,957)
Adjustments to reconcile net loss to net cash used in operating activities:    
Discontinued operations (3,260,912) (4,770,766)
Amortization of financing costs 36,873,397 15,597,936
Share-based compensation 2,184,327 10,003,767
Depreciation and amortization 4,974,199 1,081,623
Amortization of right of use asset 35,604 48,327
Change in fair value of short-term investment 33,000 122,400
Loss on disposal of discontinued operations 4,130,580
Gain on debt extinguishment (852,352)
Loss on issuance of warrants 243,681,478 208,855,715
Change in fair value of warrant liability (86,110,179) 773,447
Inventory write-off (365,001)
Write off of investments and Impairment Expense 2,100,045
Equity method investment - Income share of Mind Tank LLC (293,926)
Change in fair value of deferred acquisition (12,170,000)
Changes in assets and liabilities:    
Accounts receivable (674,375) (1,596,881)
Inventory (1,234,422) 169,793
Prepaid expenses and other assets 993,247 (378,831)
Accounts payable (3,366,760) (819,943)
Related party, net (862,501) (17,050)
Accrued expenses and other liabilities (12,053,808) (775,082)
Operating lease liabilities (35,303) (47,714)
Net Cash Used in Operating Activities (72,000,827) (9,791,988)
Cash Flows from Investing Activities    
Issuance of loans held-for-investment-related parties (6,290,000)
Repayments of loans held-for-investment-related parties 1,048,750
Issuance of loans held-for-investment (500,000)
Purchases of property and equipment (544,653) (88,633)
Cash received from sale of assets of CBAV 1, LLC 2,529,564
Equity method investment (12,000,000)
Funding of loan receivable (5,000,000)
Consolidation of Magnifi U (VIE) 1,752,935
Acquisition of business, net of cash acquired (34,850,577)
Net Cash Used in Investing Activities (39,383,544) (14,559,069)
Cash Flows from Financing Activities    
Net repayments under line of credit (379,333)
Net (repayments) borrowings under convertible notes payable 19,720,000
Net (repayments) borrowings under notes payable (165,530) (2,072,475)
Net (repayments) borrowings under notes payable - related parties 37,833 (1,951,012)
Fees paid for financing costs (120,261)
Net proceeds from exercise of warrants 101,036,839 80,406,355
Net proceeds from issuance of common stock 3,255,000
Common stock issued by Cryptyde, Inc. 12,001,000
Cash paid with Cryptyde, Inc. spinoff (9,921,084)
Net Cash Provided by Financing Activities 102,989,059 98,858,274
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash (8,395,313) 74,507,217
Cash and Cash Equivalents and Restricted Cash - Beginning of Period 1 249,356
Cash and Cash Equivalents and Restricted Cash - End of Period 179,216,863 74,756,573
Cash paid during the year for:    
Interest 414,297 858,388
Income taxes (14,738)
Noncash investing and financing activity:    
Issuance of warrants to note holders 243,681,478 208,855,715
Deferred acquisition purchase price 11,080,000
Shares issued to note holders 2,190,000 422,672
Conversions under notes payable 12,248,507
Shares reserved for EVNT, LLC 7,400,000
Asset acquisition of Love is Blurred, LLC - Repayment of held-for-investment-related parties 1,048,750
Consolidation of Magnifi U (VIE), net of cash (2,054,191)
Acquisition of business, net of cash acquired $ 64,272,070