XML 27 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 9,965,926 $ 911,194
Restricted cash 30,000,000
Accounts receivable, net 1,091,548 867,027
Inventories 150,089 110,664
Prepaid expenses and other current assets 5,222,254 7,081,693
Total current assets 46,429,817 8,970,578
Property and equipment, net 941,985 1,007,770
Right of use assets - operating leases 90,262
Loan held-for-investment 4,000,000 4,000,000
Total assets 51,462,064 13,978,348
Current liabilities:    
Note payable, current portion 15,530
Accounts payable 462,349 171,174
Accrued expenses and other current liabilities 4,931,700 7,007,531
Income tax payable 319,997
Current portion of operating lease liabilities 42,974
Due to Former Parent 7,226,700
Total current liabilities 12,663,723 7,514,232
Note payable, less current portion 12,114
Convertible notes payable, net of debt discount of $7,798,881 25,534,452
Operating lease liabilities, net of current portion 48,786
Deferred tax liabilities 82,104 82,104
Due to Former Parent 4,198,546
Total liabilities 38,329,065 11,806,996
Stockholder’s equity:    
Common stock, $0.001 par value, 250,000,000 and 10,000 shares authorized and 21,815,166 and 10,000 shares outstanding at June 30, 2022 and December 31, 2021, respectively 21,815 10
Additional paid-in capital 15,533,733 (10)
Retained earnings (2,074,627) 2,300,212
Total stockholder’s equity attributable to Cryptyde, Inc. 13,480,921 2,300,212
Non-controlling interest (347,922) (128,860)
Total stockholder’s equity 13,132,999 2,171,352
Total liabilities and stockholder’s equity $ 51,462,064 13,978,348
Previously Reported [Member]    
Current assets:    
Cash and cash equivalents   66,575
Other current assets   7,033,350
Total current assets   7,099,925
Loan held-for-investment   4,000,000
Total assets   11,099,925
Current liabilities:    
Accounts payable and accrued expenses   126,627
Customer deposit   6,999,980
Total current liabilities   7,126,607
Due to Former Parent   4,616,551
Total liabilities   11,743,158
Commitments and contingencies  
Stockholder’s equity:    
Common stock, $0.001 par value, 250,000,000 and 10,000 shares authorized and 21,815,166 and 10,000 shares outstanding at June 30, 2022 and December 31, 2021, respectively   10
Additional paid-in capital   (10)
Retained earnings   (514,373)
Total stockholder’s equity attributable to Cryptyde, Inc.   (514,373)
Non-controlling interest   (128,860)
Total stockholder’s equity   (643,233)
Total liabilities and stockholder’s equity   $ 11,099,925