v3.21.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 74,756,573 $ 249,356
Accounts receivable, net 2,907,002 1,382,163
Short-term investments 895,600 1,018,000
Inventory 852,147 1,127,725
Prepaid expenses and other current assets 1,209,435 522,259
Current assets of discontinued operations 1,042,680
Total current assets 80,620,757 5,342,183
Property and equipment, net 1,033,810 1,010,801
Right of use assets, net 104,707 153,034
Loan receivable [1] 5,000,000
Equity method investment [2] 12,000,000
Intangible assets, net 16,533,373 9,798,813
Goodwill 5,983,852 5,983,852
Non-current assets of discontinued operations 5,739,524
Total assets 121,276,499 28,028,207
Current liabilities:    
Accounts payable 1,791,982 3,618,339
Accrued expenses and other current liabilities 1,284,168 2,101,610
Deferred revenues 131,578 152,040
Current portion of operating leases liabilities 99,293 96,777
Income tax payable 27,643 27,643
Line of credit, net of debt issuance costs of $0 and $15,573, respectively 1,133,652 1,500,953
Current portion of convertible notes payable, net of debt issuance costs of $6,666,667 and $0, respectively 3,333,333 577,260
Current portion of notes payable, net of debt issuance costs of $0 and $212,848, respectively 15,185 1,301,212
Current portion of notes payable – related parties 876,500 1,389,923
Due to related party 15,401 32,452
Current liabilities of discontinued operations 120,729 487,454
Total current liabilities 8,829,464 11,285,663
Operating leases liabilities –net of current portion 8,483 58,713
Convertible notes payable – related parties, net of current portion, net of debt discount of $172,984 and $366,666, respectively 267,183 1,161,495
Notes payable, net of current portion 19,966 595,879
Notes payable – related parties, net of current portion 1,403,756
Warrant liability 139,695,115
Total liabilities 148,820,211 14,505,506
Commitments and Contingencies (Note 12)
Stockholders’ equity    
Preferred stock., value
Common stock, $0.001 par value, 250,000,000 shares authorized 59,927,241 and 14,471,403 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 59,927 14,471
Additional paid-in-capital 244,026,879 39,050,260
Accumulated deficit (269,787,198) (23,648,898)
Total stockholders’ (deficit) equity attributable to Vinco Ventures, Inc. (25,700,392) 15,416,598
Noncontrolling interests (1,843,320) (1,893,897)
Total stockholders’ equity (27,543,712) 13,522,701
Total liabilities and stockholders’ equity 121,276,499 28,028,207
Series B Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock., value $ 765
[1] On February 18, 2021, the Company loaned $5,000,000 to ZASH Global Media and Entertainment Corporation (“ZASH”). The interest rate on the note is 3% per annum. The maturity date of the loan is August 17, 2023. The purpose of the loan is to engage in the acquisition, development and production of consumer facing content and related activities.
[2] On January 19, 2021, the Company, ZVV Media Partners, LLC (“ZVV”) and ZASH entered into a Contribution Agreement (the “Agreement”). The Company and ZASH established the newly formed entity, ZVV, in order to engage in the development and production of consumer facing content and related activities.

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