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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (58,704,388) $ (4,593,901)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,259,738 118,384
Impairment 292,748
Amortization of debt issuance costs 3,992,457
Loss on issuance of warrants 46,928,815
Share-based compensation 189,000 609,000
Provision for bad debts 608,356 46,705
Gain on sale of assets 5,897
Changes in assets and liabilities:    
Accounts receivable (1,154,119) (271,226)
Inventories (2,868,508) (39,425)
Prepaid expenses and other current assets 888,594 1,859,439
Accounts payable 206,205 291,175
Accrued expenses and other current liabilities 2,682,847 (3,914,330)
Net cash used in operating activities (5,672,358) (5,894,179)
Cash flows from investing activities:    
Purchases of property and equipment (114,027) (52,599)
Purchases of developed technology (159,251)
Proceeds from sale of property and equipment 181,000
Net cash used in investing activities (92,278) (52,599)
Cash flows from financing activities:    
Net borrowings under lines of credit 2,175,000
Net proceeds from issuance of common stock 14,799 12,001,000
Net borrowings under convertible notes 3,150,000 30,000,000
Due to Former Parent 3,028,154
Fees paid for financing costs (664,389)
Repayments under convertible notes payable – related parties (116,300)
Repayments under notes payable (27,644)
Net cash provided by financing activities 4,559,110 45,001,510
Net (decrease) increase in cash and cash equivalents and restricted cash (1,205,526) 39,054,732
Cash and cash equivalents and restricted cash, beginning of the year 5,580,431 911,194
Cash and cash equivalents and restricted cash, end of the period 4,374,905 39,965,926
Supplemental disclosure of cash flow information:    
Cash paid for interest 203
Cash paid for income taxes 147,000
Right of use assets 98,736
Operating lease liabilities 98,736
Convertible shares under notes payable 7,743,333
Issuance of warrants to noteholders and placement agent 4,335,611 3,905,458
Original issue discount 555,000 3,333,333
Accrued placement agent fees for equity placement 960,000 960,000
Accrued placement agent fees for debt placement 560,000
Issuance of common stock upon the distribution from Vinco Ventures, Inc. $ 18,805