v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues, net $ 2,691,811 $ 5,173,982 $ 5,256,973 $ 7,127,328
Cost of revenues 1,721,189 4,004,936 3,374,570 5,368,655
Gross profit 970,622 1,169,046 1,882,403 1,758,673
Operating expenses:        
Selling, general and administrative 5,941,652 2,377,853 17,602,532 5,567,516
Operating loss (4,971,030) (1,208,807) (15,720,129) (3,808,843)
Other (expense) income:        
Rental income 28,703 25,703 54,407 51,407
Interest expense (2,715,481) (847,154) (15,410,414) (1,571,111)
Loss on issuance of warrants (133,699,181) (208,855,715)
Change in fair value of warrant liability (37,154,989) (773,447)
Change in fair value of short-term investment (52,000) (122,000)
Loss on disposal of interest in joint venture (301,645) (301,645)
Gain on divestiture
Total other (expense) income (173,894,593) (821,451) (225,408,814) (1,519,704)
Loss before income taxes (178,865,623) (2,030,258) (241,128,943) (5,328,547)
Income tax expense
Net loss from continuing operations (178,865,623) (2,030,258) (241,128,943) (5,328,547)
Net income (loss) attributable to noncontrolling interests 22,543 22,241 50,577 22,241
Net loss from continuing operations attributable to Vinco Ventures, Inc. (178,888,166) (2,052,499) (241,179,520) (5,350,788)
Net loss from discontinued operations (4,780,580) 428,119 (4,958,780) 4,995,900
Provision for income taxes for discontinued operations
Net loss attributable to Vinco Ventures, Inc. $ (183,668,746) $ (1,624,380) $ (246,138,300) $ (354,888)
Net loss per share:        
Net (loss) income per share - basic $ (5.13) $ (0.18) $ (8.95) $ (0.04)
Net (loss) income per share - diluted $ (5.13) $ (0.18) $ (8.95) $ (0.04)
Weighted average number of common shares outstanding – basic and diluted 35,831,466 8,920,554 27,489,580 8,551,012

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