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DUE TO AND FROM PARENT
3 Months Ended
Mar. 31, 2022
Due To And From Parent  
DUE TO AND FROM PARENT

9. DUE TO AND FROM PARENT

 

As of March 31, 2022 and December 31, 2021, due to parent consists of net amounts due to Vinco related to management fees and borrowings for working capital and financing needs of Cryptyde, Inc. as well as other operating expenses that were paid for on behalf of one to the other. As of March 31, 2022 and December 31, 2021, the net amount due to parent was $5,886,437 and $4,198,546, respectively. The due to Parent will be settled at the time the Spin-Off of Cryptyde, Inc. from Vinco Ventures, Inc. becomes effective.

 

 

CRYPTYDE, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the three months ended March 31, 2022 and 2021

(Unaudited)