v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenue, net $ 5,563,392 $ 229,004 $ 23,705,959 $ 1,721,631
Cost of revenues        
Total costs of revenue 6,799,103 99,334 25,522,133 786,457
Gross profit (deficit) (1,235,711) 129,670 (1,816,175) 935,174
Operating expenses:        
Selling, general and administrative 19,470,629 25,606,702 75,058,655 42,298,760
Impairment expense 152,417,936 152,871,385
Total operating expenses 171,888,564 25,606,702 227,930,040 42,298,760
Operating loss (173,124,275) (25,477,032) (229,746,215) (41,363,586)
Other income (expense):        
Interest (expense) (4,311,410) (26,997,803) (42,946,190) (42,375,399)
Loss on issuance of warrants (206,948,147) (243,681,478) (415,803,862)
Loss on inventory write down (365,001)
Loss on investments (1,641,521)
Change in fair value of warrant liability 80,269,169 (287,117,556) 166,379,348 (287,891,003)
Change in fair value of contingent purchase price related to Adrizer, LLC acquisition 3,158,124 15,328,124
Loan loss expense (36,422,210) (36,422,210)
Loss on debt extinguishment (37,235,055) (37,235,055)
Other income (loss) (73,220) (515,647) 142,385 (939,292)
Total other income (expense) 5,385,398 (521,579,153) (180,441,599) (747,009,556)
Loss before income taxes (167,738,877) (547,056,185) (410,187,814) (788,373,142)
Income tax expense
Net loss (167,738,877) (547,056,185) (410,187,814) (788,373,142)
Net loss attributable to noncontrolling interests (68,756,763) (3,885,333) (87,446,819) (3,834,756)
Net loss attributable to Vinco Ventures, Inc. from continuing operations (98,982,114) (543,170,852) (322,740,995) (784,538,386)
Net loss from discontinued operations 707,722 (3,260,912) (4,063,044)
Net loss attributable to Vinco Ventures, Inc. $ (98,982,114) $ (542,463,130) $ (326,001,907) $ (788,601,430)
Net loss per share - Basic and Diluted        
Net loss per share- Continuing operations $ (0.68) $ (7.65) $ (1.91) $ (18.63)
Net loss per share- Noncontrolling interests (0.28) (0.05) (0.41) (0.09)
Net loss per share – Vinco Ventures, Inc. (0.40) (7.60) (1.51) (18.54)
Net loss per share- Discontinued operations 0.01 (0.02) (0.10)
Net loss per share $ (0.40) $ (7.59) $ (1.52) $ (18.63)
Weighted Average Number of Common Shares Outstanding – Basic and Diluted 245,170,631 71,516,431 214,411,979 42,326,468

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