Vinco Ventures is Focused on Digital Media, Advertising and Content Technologies
? Lomotif Social Media Platform
? End-to-End Fully Integrated Programmatic Advertising Platform
? Full-Service Digital Commerce Company
? New Consumer Product Development and Commercialization Platform
? Cryptyde Businesses Expected to be Spun-Off
On October 1, 2021, ZVV and ZASH and AdRizer entered into a Letter of Intent (as amended, the “LOI”) for ZASH or ZVV to acquire all the outstanding equity interests of AdRizer.
Expected Spin-Off of Cryptyde, Inc.
Closing of Cryptyde Financing
Amendment to the July 2021 Note
Shareholder Proposals for Increase of Authorized Common and Preferred Shares
On May 18, 2022, the Company and the holder entered into that certain Letter Agreement (the “Letter Agreement”) whereby the parties further amended the Series A September A Warrants to require that that Company only needs to maintain the Required Reserve Amount (as defined in the Series A September Warrants) on and after the Shareholder Approval Date (as defined in the May WEA).
Critical Accounting Policies and Significant Judgments and Estimates
There have been no changes in such policies or the application of such policies during the three months ended March 31, 2022 except as follows:
Digital media advertising and licensing
Three Months Ended March 31, 2022 versus Three Months Ended March 31, 2021
The following tables set forth information comparing the components of net income (loss) for the three months ended March 31, 2022 and 2021:
Cost of Revenues
Gross Profit
Selling, general and administrative costs
Other Income (Expense)
Period over Period Change
193,890 -437.7 %
Total other income (expense) $ (352,908,203 ) $ (51,514,221 ) $ (301,393,982 ) 585.1 %
Period over Period Change
(310,478,403 ) 497.90 %
During the three months ended March 31, 2022 and 2021, our sources and uses of cash were as follows:
Period over Period Change
(38,024,174 ) 918.4 %
(23,658,911 ) 196.69 %
Cash Flows from Operating Activities
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Net Increase (Decrease) in Cash and Cash Equivalents
As a result of the cash activities described above, during the three months ended March 31, 2022, the Company’s cash increased by $23,167,772 and as of January 1, 2022, the Company had $187,612,000 in cash and cash equivalents, which included $80,000,000 held in a restricted cash account.
Liquidity and Capital Resources
Off-Balance Sheet Arrangements
40
© Edgar Online, source Glimpses

source

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *