v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flow from Operating Activities    
Net loss from continuing operations attributable to Vinco Ventures, Inc. $ (241,179,520) $ (5,350,788)
Net income attributable to noncontrolling interests 50,577 22,241
Net loss from continuing operations (241,128,943) (5,328,547)
Adjustments to reconcile net (income) loss to net cash used in operating activities:    
Discontinued operations (4,958,780) 4,995,900
Depreciation and amortization 1,081,623 612,406
Amortization of financing costs 15,597,936 1,227,046
Stock-based compensation 10,003,767 1,588,427
Amortization of right of use asset 48,327 153,820
Gain on debt extinguishment (852,352)
Loss on disposal of discontinued operations 4,130,580 (4,911,760)
Change in fair value of short-term investments 122,400
Loss on issuance of warrants 208,855,715
Change in fair value of warrant liability 773,447
Changes in assets and liabilities:    
Accounts receivable (1,596,881) (978,097)
Inventory 169,793 178,227
Prepaid expenses and other current assets (378,831) (967,109)
Accounts payable (819,943) (344,847)
Accrued expenses and other current liabilities (775,082) 1,425,622
Operating lease liabilities (47,714) (148,518)
Due from related party (17,050) 9,532
Net cash used in operating activities (9,791,988) (2,487,898)
Cash Flows from Investing Activities    
Purchase of property and equipment (88,633) (61,917)
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)
Net cash used in investing activities (14,559,069) (61,917)
Cash Flows from Financing Activities    
(Repayments) borrowings under line of credit (379,333) 1,678,540
Borrowings under convertible notes payable 19,720,000 1,436,000
Borrowings under notes payable 73,000 1,767,352
Repayments under notes payable (2,145,475) (824,472)
Repayments under notes payable- related parties (1,951,012) (14,508)
Fees paid for financing costs (120,261) (143,479)
Net proceeds from issuance of common stock 3,255,000
Net proceeds from exercise of warrants 80,406,355
Net cash provided by financing activities 98,858,274 3,899,433
Net increase (decrease) in cash and cash equivalents 74,507,217 1,349,618
Cash and cash equivalents - beginning of period 249,356 412,719
Cash and cash equivalents - end of period 74,756,573 1,762,337
Cash paid during the period for:    
Interest 858,388 144,740
Income taxes (14,738) 235,725
Noncash investing and financing activity:    
Shares issued to note holders 422,672
Conversions under notes payable 12,248,507 424,000
Issuance of warrants to note holders 208,855,715
Shares reserved for EVNT, LLC $ 7,400,000

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