v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flow from Operating Activities    
Net loss attributable to Vinco Ventures, Inc. $ (372,947,957) $ (62,291,354)
Net (loss) income attributable to noncontrolling interest (6,157,190) 28,034
Net loss (379,105,147) (62,263,320)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Discontinued operations (178,200)
Amortization of financing costs 22,260,697 445,541
Share-based compensation 1,143,445 12,418,930
Depreciation and amortization 1,608,691 8,697,502
Amortization of right of use asset 35,604 24,163
Change in fair value of short-term investment 42,000 70,000
Loss on issuance of warrants 243,681,478 75,156,534
Change in fair value of warrant liability 86,948,858 (36,381,542)
Changes in assets and liabilities:    
Accounts receivable (2,428,136) (494,130)
Inventory 28,030 (215,717)
Prepaid expenses and other assets (5,384,663) 139,635
Accounts payable (1,835,876) (804,282)
Accrued expenses and other liabilities (9,009,264) (755,224)
Net Cash used in Operating Activities (42,014,284) (4,140,110)
Cash Flows from Investing Activities    
Issuance of loans held-for-investment-related parties (5,000,000)
Issuance of loans held-for-investment (500,000) (7,000,000)
Purchases of property and equipment (326,563) (18,228)
Purchase of intangible assets
Acquisition of business, net of cash acquired (Note 3) (34,850,576)
Net Cash used in Investing Activities (35,677,139) (12,018,228)
Cash Flows from Financing Activities    
Net repayments under line of credit (379,333)
Net (repayments) borrowings under convertible notes payable (150,000) 19,720,000
Net borrowings under notes payable 73,000
Net repayments under notes payable (27,644) (2,141,782)
Net repayments under notes payable - related parties (659,999)
Fees paid for financing costs (122,762)
Net proceeds from exercise of warrants 101,036,839 1,690,604
Net proceeds from issuance of common stock 3,255,000
Net Cash provided by Financing Activities 100,859,195 21,434,728
Net Increase in Cash and Cash Equivalents 23,167,772 5,276,390
Cash and Cash Equivalents - Beginning of Period 187,612,176 249,356
Cash and Cash Equivalents - End of Period 210,779,948 5,525,746
Cash paid during the year for:    
Interest 414,297 343,824
Income taxes (14,738)
Noncash investing and financing activity:    
Issuance of warrants to note holders 243,681,478 22,000,000
Deferred acquisition costs 23,250,000
Shares issued to note holders 422,672
Conversions under notes payable $ 11,094,020

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