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DUE TO AND FROM PARENT
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
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. Such amounts are not due currently. The due to Parent will be settled at the time the anticipated Spin-Off of Cryptyde, Inc. from Vinco Ventures, Inc. becomes effective.

 

 

CRYPTYDE, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

6. DUE TO PARENT

 

As of December 31, 2021, due to parent consists of net amounts due to Vinco related to borrowings for financing needs of Cryptyde, Inc. as well as other operating expenses that were paid for on behalf of one to the other. As of December 31, 2021, the net amount due to parent was $4,616,551. Such amounts are not due currently. The due to Parent will be settled at the time the anticipated Spin-Off of Cryptyde, Inc. from Vinco Ventures, Inc. becomes effective.