|6 Months Ended|
Jun. 30, 2022
Note 15 — Stockholders’ Equity
For the period ending June 30, 2022, the Company reported it was authorized to issue shares of common stock. As of June 30, 2022 and December 31, 2021, there were and shares of common stock issued and outstanding, respectively.
During the six months ended June 30, 2022, warrant shares of 101,081,926. During the three months ended June 30, 2022, warrant shares of were exercised and did not receive any proceeds.were exercised and the Company received proceeds of $
On October 14, 2022, the Company filed an amendment to its Articles of Incorporation to reallocate its previously authorized million shares of stock as million shares of Common Stock and million shares of Preferred Stock, which Preferred Stock may be issued upon the subsequent filing with the Nevada Secretary of State of one or more certificates of designation for series of preferred stock. It subsequently amended the filing to be million shares of Common Stock and million shares of Preferred Stock.
The Company is authorized to issueshares of preferred stock, with the par value to be established upon issuance.
On September 4, 2021, the Company’s board of directors approved the Vinco Ventures, Inc. 2021 Equity Incentive Plan (the “2021 Plan”). The 2021 Plan provides for the issuance of up to ( remaining as of June 30, 2022) shares of Common Stock to help align the interests of management and our stockholders and reward our executive officers for improved Company performance. Stock incentive awards under the 2021 Plan can be in the form of stock options, restricted stock units, performance awards and restricted stock that are made to employees, directors and service providers. Awards are subject to forfeiture until vesting conditions have been satisfied under the terms of the award. The exercise price of stock options is equal to the fair market value of the underlying Common Stock on the date of grant.
Schedule of Share-based Compensation, Stock Options, Activity
As of June 30, 2022, there were unvested options to purchase shares of the Common Stock and there was unrecognized equity-based compensation expense that the Company expected to recognize over a remaining weighted-average period.
Lomotif has a stock option plan for their employees. The 2021 Equity Incentive Plan is intended to help Lomotif to secure and retain qualified resources. The Plan has reserved shares.
Net Earnings or Loss per Share
Basic net (loss) income per common share is computed by dividing net (loss) income by the weighted average number of vested common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number vested of common shares, plus the net impact of common shares (computed using the treasury stock method), if dilutive, resulting from the exercise of dilutive securities. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As of June 30, 2022 and 2021, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. The potential dilution from common stock equivalents is computed using the treasury stock method based on the average market value of our common stock during the period.
For the period three months ending June 30, 2022, due to a reported net gain of $the calculation of our diluted weighted-average common shares outstanding , includes all common stock equivalents as the effect would be dilutive. For the period six months ending June 30, 2022, due to a reported net loss of $the calculation of our diluted weighted-average common shares outstanding , excludes all common stock equivalents as the effect would be anti-dilutive.
No definition available.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef