v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flow from Operating Activities    
Net loss attributable to Vinco Ventures, Inc. $ (3,188,932) $ (5,752,808)
Net loss attributable to noncontrolling interests (15,198) (31,858)
Net loss (3,204,130) (5,784,666)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 938,844 952,019
Amortization of financing costs 2,015,422 658,126
Stock-based compensation 2,765,022 876,585
Amortization of right of use asset 226,167 217,189
Gain on divestiture (4,911,760)
Changes in assets and liabilities:    
Accounts receivable (1,037,432) (12,355)
Inventory (146,126) (182,370)
Prepaid expenses and other current assets (612,276) (667,836)
Accounts payable (367,355) 1,413,425
Accrued expenses and other current liabilities 1,237,169 549,072
Operating lease liabilities (219,608)
Repayment of operating lease liabilities (199,589)
Due from related party 4,753 (117,786)
Net cash used in operating activities (3,311,310) (2,298,186)
Cash Flows from Investing Activities    
Purchases of property and equipment (193,429) (113,612)
Net cash used in investing activities (193,429) (113,612)
Cash Flows from Financing Activities    
Borrowings under lines of credit 1,144,100 249,370
Borrowings under convertible notes payable 1,660,000 1,111,111
Borrowings under notes payable 1,739,852 1,670,000
Repayments under lines of credit (340,766)
Repayments under notes payable (947,127) (570,587)
Repayments under notes payable - related parties (14,508) (82,612)
Fees paid for financing costs (33,762) (463,146)
Distributions (71,931)
Net cash provided by financing activities 3,476,624 1,573,370
Net increase (decrease) in cash and cash equivalents (28,115) (838,428)
Cash and cash equivalents - beginning of period 412,719 2,052,731
Cash and cash equivalents - end of period 384,604 1,214,303
Supplemental Disclosures of Cash Flow Information    
Interest 193,136 145,324
Income taxes 235,275
Noncash investing and financing activity:    
Shares issued to note holders 2,292,864 309,780
Shares issued for the divestiture of Cloud B, Inc 405,000
Conversions under notes payable 1,524,000
Issuance of warrants to note holders 1,018,953
Distribution for issuance of shares to noncontrolling interest members of Global Clean Solutions, LLC $ 699,000

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