Vinco Ventures (BBIG) 10-K 15 Apr 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Apr. 15, 2021	Jun. 30, 2020
Cover [Abstract]
Entity Registrant Name	Vinco Ventures, Inc.
Entity Central Index Key	0001717556
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 7,734,303
Entity Common Stock, Shares Outstanding		27,434,336
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 249,356	$ 234,234
Accounts receivable, net	1,603,127	1,304,783
Short-term investments	1,018,000
Inventory	1,687,462	1,242,486
Prepaid expenses and other current assets	784,238	885,766
Current assets of discontinued operation		1,288,096
Total current assets	5,342,183	4,955,365
Property and equipment, net	1,010,801	875,919
Right of use assets, net	153,034	732,100
Intangible assets, net	15,538,337	11,598,063
Goodwill	5,983,852	5,392,123
Non-current assets of discontinued operation		56,049
Total assets	28,028,207	23,609,619
Current liabilities:
Accounts payable	4,105,794	6,015,595
Accrued expenses and other current liabilities	2,101,610	1,485,062
Deferred revenues	152,040	159,591
Current portion of operating leases liabilities	96,777	272,215
Income tax payable	27,643	22,919
Line of credit, net of debt issuance costs of $0 and $15,573, respectively	1,500,953	456,995
Current portion of convertible notes payable, net of debt issuance costs of $13,844 and $0, respectively	577,260
Current portion of notes payable, net of debt issuance costs of $34,997 and $212,848, respectively	1,301,212	1,365,675
Current portion of notes payable - related parties	1,389,923	1,686,352
Due to related party	32,452	17,253
Current liabilities of discontinued operation		1,491,662
Total current liabilities	11,285,663	12,973,319
Operating leases liabilities -net of current portion	58,713	482,212
Convertible notes payable - related parties, net of current portion, net of debt discount of $266,667 and $366,666, respectively	1,161,495	1,061,495
Notes payable, net of current portion	595,879	42,492
Notes payable - related parties, net of current portion	1,403,756	1,595,669
Total liabilities	14,505,506	16,155,187
Commitments and Contingencies (Note 16)
Stockholders' equity
Preferred stock
Common stock, $0.001 par value, 250,000,000 shares authorized 14,471,403 and 8,015,756 shares issued and outstanding as of December 31, 2020 and 2019, respectively	14,471	8,016
Additional paid-in-capital	39,050,260	26,259,575
Accumulated deficit	(23,648,898)	(18,495,461)
Total stockholders' equity attributable to Vinco Ventures, Inc.	15,416,598	7,772,130
Noncontrolling interests	(1,893,897)	(317,698)
Total stockholders' equity	13,522,701	7,454,432
Total liabilities and stockholders' equity	28,028,207	23,609,619
Series B Preferred Stock [Member]
Stockholders' equity
Preferred stock	$ 765

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	30,000,000	30,000,000
Common stock, par or stated value per share	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares, issued	14,471,403	8,015,756
Common stock, shares, outstanding	14,471,403	8,015,756
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares, issued	764,618	0
Preferred stock, shares, outstanding	764,618	0
Convertible Notes Payable [Member]
Debt issuance costs, net	$ 13,844	$ 0
Notes Payable [Member]
Debt issuance costs, net	34,997	212,848
Convertible Notes Payable - Related Parties [Member]
Debt issuance costs, net	266,667	366,666
Line of Credit [Member]
Debt issuance costs, net	$ 0	$ 15,573

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenues, net	$ 15,781,319	$ 12,523,432
Cost of revenues	11,403,474	7,523,669
Gross profit	4,377,845	4,990,763
Operating expenses:
Selling, general and administrative	12,280,192	14,085,195
Gain on change in fair value of earnout liability		(520,000)
Impairment of goodwill		4,443,000
Total operating expenses	12,280,192	18,008,195
Operating loss	(7,902,347)	(13,017,432)
Other income (expense):
Rental income	102,815	102,815
Interest expense	(3,378,131)	(1,299,153)
Change in fair value of short-term investments	(22,000)
Gain on divestiture	4,911,760
Other income		3,054
Total other income (expense)	1,614,444	(1,193,284)
Loss before income taxes	(6,287,903)	(14,210,716)
Income tax expense (benefit)	19,197	(22,373)
Net loss from continuing operations	(6,307,100)	(14,188,343)
Net loss attributable to noncontrolling interests	(554,382)	(1,269,274)
Net loss attributable to Vinco Ventures, Inc. from continuing operations	(5,752,718)	(12,919,069)
Loss from discontinued operations before income taxes	(629,692)	(7,811)
Provision for income taxes for discontinued operations	12,940	2,826
Net loss from discontinued operations	(642,632)	(10,637)
Gain on divestiture from discontinued operations	1,241,914
Income from discontinued operations	599,282
Net loss attributable to Vinco Ventures, Inc.	$ (5,153,436)	$ (12,929,706)
Net loss per share - basic and diluted:
Net loss per share - continuing operations	$ (0.55)	$ (2.14)
Net loss per share - discontinued operations	(0.06)	(0.01)
Net loss per share - gain on divestiture from discontinued operations	0.12
Income (loss) per share - discontinued operations	0.06	(0.01)
Net loss per share	$ (0.49)	$ (2.15)
Weighted average number of common shares outstanding - basic and diluted	10,514,010	6,026,049

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($)	Preferred Stock	Common Stock [Member]	Additional Paid-In Capital	Accumulated Deficit	Noncontrolling Interest	Total
Balance at Dec. 31, 2018		$ 5,655	$ 20,548,164	$ (5,565,756)	$ 951,576	$ 15,939,639
Balance, shares at Dec. 31, 2018		5,654,830
Sale of common stock - investors, net of offering costs		$ 1,175	2,038,128			2,039,303
Sale of common stock - investors, net of offering costs, shares		1,175,000
Issuance of common stock for services		$ 292	738,008			738,300
Issuance of common stock for services, shares		291,736
Issuance of common stock to employees		$ 3	8,847			8,850
Issuance of common stock to employees, shares		3,000
Issuance of common stock to note holders		$ 286	386,994			387,280
Issuance of common stock to note holders, shares		286,005
Issuance of common stock - Uber Mom in connection with acquisition of assets		$ 45	98,568			98,613
Issuance of common stock - Uber Mom in connection with acquisition of assets, shares		45,000
Issuance of common stock upon the conversion of debt		$ 560	1,119,810			1,120,370
Issuance of common stock upon the conversion of debt, shares		560,185
Issuance of warrants - note holders			72,936			72,936
Share-based compensation			1,248,121			1,248,121
Net loss				(12,929,706)	(1,269,274)	(14,188,343)
Balance at Dec. 31, 2019		$ 8,016	26,259,576	(18,495,462)	(317,698)	7,454,432
Balance, shares at Dec. 31, 2019		8,015,756
Issuance of common stock to employees		$ 250	54,950			55,200
Issuance of common stock to employees, shares		250,000
Issuance of common stock to note holders		$ 1,284	2,541,174			2,542,458
Issuance of common stock to note holders, shares		1,284,396
Issuance of common stock - divestiture		$ 150	404,850			405,000
Issuance of common stock - divestiture, shares		150,000
Returned common stock from noteholder		$ (153)	153
Returned common stock from noteholder, shares		(153,005)
Issuance of common stock - consultants		$ 1,299	2,415,031			2,979,114
Issuance of common stock - consultants, shares		1,298,874
Issuance of common stock - joint venture		$ 300	698,700			699,000
Issuance of common stock - joint venture, shares		300,000
Issuance of preferred stock - Acquisitions	$ 765		1,276,147			1,276,912
Issuance of preferred stock - Acquisitions, shares	764,618
Issuance of common stock - Acquisitions		$ 2,210	3,689,127			3,691,338
Issuance of common stock - Acquisitions, shares		2,210,382
Conversion option		$ 990	(990)
Conversion option, shares		990,000
Issuance of warrants - note holders			852,277			852,277
Exercise of warrants - note holders		$ 125	249,875			250,000
Exercise of warrants - note holders, shares		125,000
Share-based compensation			609,390			609,390
Divestiture of Cloud B Inc.					(26,392)	(26,392)
Distributions					(995,425)	(995,425)
Net loss				(5,153,436)	(554,382)	(6,307,100)
Balance at Dec. 31, 2020	$ 765	$ 14,471	$ 39,050,260	$ (23,648,898)	$ 1,893,897	$ 13,522,701
Balance, shares at Dec. 31, 2020	764,618	14,471,403

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2019USD ($)
Statement of Stockholders' Equity [Abstract]
Stock issuance costs	$ 310,697

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash Flow from Operating Activities
Net loss attributable to Vinco Ventures, Inc.	$ (5,752,718)	$ (12,919,069)
Net loss attributable to noncontrolling interests	(554,382)	(1,269,274)
Net loss	(6,307,100)	(14,188,343)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,353,822	1,284,251
Amortization of debt issuance costs	2,357,879	944,437
Stock-based compensation	3,241,554	2,299,915
Change in fair value of earnout		(520,000)
Change in fair value of short-term investment	22,000
Impairment of goodwill		4,443,000
Deferred tax liability		(341)
Amortization of right of use asset	579,066	295,106
Reserve for bad debts	145,690
Reserve for obsolescence	166,560
Gain on divestiture of Cloud B	(4,911,761)
Changes in assets and liabilities:
Accounts receivable	(444,687)	(73,437)
Inventory	(97,873)	(397,673)
Prepaid expenses and other current assets	7,276	(720,240)
Accounts payable	2,055,055	1,356,873
Accrued expenses and other current liabilities	155,815	511,842
Operating lease liabilities	(598,937)	(272,779)
Due to/from related party	15,200	395,300
Net cash provided by (used in) operating activities from continuing operations	(2,260,441)	(4,641,748)
Net cash provided by (used in) operating activities in discontinued operations	(178,485)	(394,707)
Total Net cash provided by (used in) operating activities	(2,438,926)	(5,036,455)
Cash Flows from Investing Activities
Purchases of property and equipment	(276,478)	(151,502)
Acquisitions, net of cash	180,489
Purchase of licensing agreement	(1,552,500)
Net cash used in investing activities from continuing operations	(1,648,489)	(151,502)
Net cash used in investing activities from discontinued operations		(8,436)
Total Net cash used in investing activities	(1,648,489)	(159,938)
Cash Flows from Financing Activities
Net borrowings under line of credit	1,028,385
Borrowings under convertible notes payable	2,067,123	1,111,111
Borrowings under notes payable	1,944,479	2,482,500
Borrowings under notes payable - related parties	250,000
Repayments under line of credit		(90,382)
Repayments under notes payable	(1,042,946)	(1,231,744)
Repayments under notes payable - related parties	(119,509)	(182,170)
Fees paid for financing costs	(157,055)	(581,496)
Net proceeds from issuance of common stock - net of offering costs of $310,697		2,048,562
Net proceeds from exercise of warrants	250,000
Distributions	(296,425)
Net cash provided by financing activities from continuing operations	3,924,052	3,556,381
Net cash provided by financing activities from discontinued operations
Total Net cash provided by financing activities	3,924,052	3,556,381
Net increase (decrease) in cash and cash equivalents from continuing operations	15,122	(1,236,869)
Net increase (decrease) in cash and cash equivalents from discontinued operations	(178,485)	(403,143)
Cash and cash equivalents - beginning of year	412,719	2,052,731
Cash and cash equivalents - end of year	249,356	412,719
Cash paid during the period for:
Interest	218,038	260,444
Income taxes		235,275
Supplemental Non-Cash Investing and Financing Activity
Shares issued to note holders	1,409,396
Shares issued for the asset acquisition of Uber Mom		98,613
Shares issued for the acquisition of TBD Safety, LLC	4,968,250
Shares issued for the divestiture of Cloud B, Inc.	405,000
Conversions under notes payable	1,524,000
Issuance of warrants to note holders	852,277
Change in fair value of earnout	200,000	(520,000)
Distribution for issuance of shares to noncontrolling interest members of Global Clean Solutions, LLC	699,000
Right of use assets		943,997
Operating lease liabilities		$ 943,997

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Cash Flows [Abstract]
Payment of offering cost		$ 310,697

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Nature of Operations	Note 1 — Basis of Presentation and Nature of Operations As used herein, the terms the “Company,” “Vinco Ventures” “we,” “us,” “our” and similar refer to Vinco Ventures, Inc. (f/k/a Edison Nation, Inc.), a Nevada corporation incorporated on July 18, 2017 under the laws of the State of Nevada as Idea Lab X Products, Inc. and also formerly known as Xspand Products Lab, Inc. prior to its name change on September 12, 2018, and/or its wholly-owned and majority-owned operating subsidiaries. On November 5, 2020, the Company (the “Parent”) and its wholly owned subsidiary, Vinco Ventures, Inc. (the “Merger Sub”), entered into an Agreement and Plan of Merger (the “Agreement”). Under the terms of the Agreement, the Merger Sub merged with and into the Parent and the Parent became the surviving corporation of the Merger (the “Surviving Corporation”). The name of the Surviving Corporation became Vinco Ventures, Inc. The transaction closed on November 10, 2020. Vinco Ventures is a vertically-integrated, end-to-end, consumer product research & development, manufacturing, sales and fulfillment company. The Company’s proprietary web-enabled platform provides a low risk, high reward platform and process to connect innovators of new product ideas with potential licensees. As of December 31, 2020, Vinco Ventures had six wholly-owned subsidiaries: TBD Safety, LLC (“TBD”), Scalematix, LLC (“Scalematix”), Ferguson Containers, Inc. (“Fergco”), CBAV1, LLC (“CB1”), Pirasta, LLC (“Pirasta”) and Edison Nation Holdings, LLC. Vinco Ventures owns 50% of Best Party Concepts, LLC, Ed Roses, LLC and Global Clean Solutions, LLC, all of which are consolidated as VIE’s with noncontrolling interests. Edison Nation Holdings, LLC is the single member of Edison Nation, LLC and Everyday Edisons, LLC. Edison Nation, LLC is the single member of Safe TV Shop, LLC. Liquidity For the year ended December 31, 2020, our operations lost $7,902,347 of which approximately $4,623,130 was non-cash and approximately $1,131,975 related to restructuring, severance, transaction costs and non-recurring items. At December 31, 2020, we had total current assets of $5,342,183 and current liabilities of $11,285,663 resulting in negative working capital of $5,943,480. At December 31, 2020, we had total assets of $28,028,207 and total liabilities of $14,505,506 resulting in stockholders’ equity of $13,522,701. The foregoing factors raise substantial doubt about the Company’s ability to continue as a going concern for at least the next twelve months from the date of issuance of these financial statements. The ability to continue as a going concern is dependent upon the Company’s ability to attract significant new sources of capital, attain a reasonable threshold of operating efficiencies and achieve profitable operations from the sale of its products. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Subsequent to December 31, 2020, the Company mitigated any substantial doubt about the Company’s ability to continue as a going concern through the raise of additional funds of $25,300,000 through 3 separate private placements. The following are the amounts raised under each private placement: ● In January 2021, the Company completed closing of a debt private placement offering of $12,000,000, receiving net proceeds of $10,770,000. ● In January 2021, the Company completed closing of a equity private placement offering of $3,300,000, receiving net proceeds of $3,255,000. ● In February 2021, the Company completed the closing of a debt private placement offering of $10,000,000, receiving net proceeds of 8,950,000. Our operating needs include the planned costs to operate our business, including amounts required to fund working capital and capital expenditures. Our future capital requirements and the adequacy of our available funds will depend on many factors, including our ability to successfully commercialize our products and services, competing technological and market developments, and the need to enter into collaborations with other companies or acquire other companies or technologies to enhance or complement our product and service offerings. At December 31, 2020, we had a cash and cash equivalents balance of $249,356. The Company believes through the subsequent capital raise that the funds available to it are adequate to meet its working capital needs, debt service and capital requirements for the next 12 months from the date of this filing.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Vinco Ventures, Inc. and its wholly-owned and majority owned subsidiaries. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are presented in US dollars. All intercompany balances and transactions have been eliminated. Reclassifications Certain amounts previously presented in the consolidated financial statements have been reclassified to conform to the current year presentation. Such reclassifications had no effect on the previously reported net loss, Stockholders’ equity or cash flows. Use of Estimates Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, together with amounts disclosed in the related notes to the financial statements. The Company’s significant estimates used in these financial statements include, but are not limited to, accounts receivable reserves, the valuation allowance related to the Company’s deferred tax assets, the recoverability and useful lives of long-lived assets, debt conversion features, stock-based compensation, certain assumptions related to the valuation of the reserved shares and the assets acquired and liabilities assumed related to the Company’s acquisitions. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates. Discontinued Operations A component of an entity that is disposed of by sale or abandonment is reported as discontinued operations if the transaction represents a strategic shift that will have a major effect on an entity’s operations and financial results. The results of discontinued operations are aggregated and presented separately in the Consolidated Statement of Operations. Assets and liabilities of the discontinued operations are aggregated and reported separately as assets and liabilities of discontinued operations in the Consolidated Balance Sheet, including the comparative prior year period. The Company’s cash flows are reflected as cash flows from discontinued operations within the Company’s Consolidated Statements of Cash Flows for each period presented. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents in the consolidated financial statements. The Company has cash on deposits in several financial institutions which, at times, may be in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits of $250,000. The Company has not experienced losses in such accounts and periodically evaluates the creditworthiness of its financial institutions. The Company reduces its credit risk by placing its cash and cash equivalents with major financial institutions. The Company did not have any cash and cash equivalents uninsured at December 31, 2020 not covered by FDIC insurance limits as of December 31, 2020. Accounts Receivable Accounts receivable are carried at their contractual amounts, less an estimate for uncollectible amounts. Management estimates the allowance for bad debts based on existing economic conditions, historical experience, the financial conditions of the customers, and the amount and age of past due accounts. Receivables are considered past due if full payment is not received by the contractual due date. Past due accounts are generally written off against the allowance for bad debts only after all collection attempts have been exhausted. As of December 31, 2020, the largest customer represented 18% of total accounts receivable. Inventory Inventory is recorded at the lower of cost or net realizable value on a first-in, first-out basis. The Company reduces the carrying value of inventories for those items that are potentially excess, obsolete, or slow moving based on changes in customer demand, technology developments, or other economic factors. Short-Term Investments Short-term investments consisted of equity securities. The Company classified its investments as Trading securities. Accordingly, such investments were reported at fair market value, with the resultant unrealized gains and losses reported as a component of the consolidated statements of operations. Fair value for Trading securities was determined by reference to quoted market prices. Property and Equipment, Net Property and equipment are stated at cost, net of accumulated depreciation and amortization, which is recorded commencing at the in-service date using the straight-line method over the estimated useful lives of the assets, as follows: 3 to 5 years for office equipment, 5 to 7 years for furniture and fixtures, 6 to 10 years for machinery and equipment, 10 to 15 years for building improvements, 5 years for software, 5 years for molds, 5 to 7 years for vehicles and 40 years for buildings. When fixed assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the statements of operations for the respective period. Minor additions and repairs are expensed in the period incurred. Major additions and repairs which extend the useful life of existing assets are capitalized and depreciated using the straight-line method over their remaining estimated useful lives. Long-Lived Assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Company assesses the recoverability of its long-lived assets using undiscounted cash flows. If an asset is found to be impaired, the amount recognized for impairment is equal to the difference between the carrying value and the asset’s fair value. The Company did not record any impairment charges related to long-lived assets during the years ended December 31, 2020 and 2019. Goodwill and Intangible Assets We record intangible assets based on their fair value on the date of acquisition. Goodwill is recorded for the difference between the fair value of the purchase consideration over the fair value of the net identifiable tangible and intangible assets acquired. We perform an impairment assessment of goodwill on an annual basis, or whenever impairment indicators exist. In the absence of any impairment indicators, goodwill is assessed for impairment during the fourth quarter of each fiscal year. Judgments regarding the existence of impairment indicators are based on market conditions and operational performance of the business. We may assess our goodwill for impairment initially using a qualitative approach to determine whether it is more likely than not that the fair value of these assets is greater than their carrying value. When performing a qualitative test, we assess various factors including industry and market conditions, macroeconomic conditions and performance of our businesses. If the results of the qualitative assessment indicate that it is more likely than not that our goodwill and other indefinite-lived intangible assets are impaired, a quantitative impairment analysis would be performed to determine if impairment is required. We may also elect to perform a quantitative analysis of goodwill initially rather than using a qualitative approach. The impairment testing for goodwill is performed at the reporting unit level. The valuation methods used in the quantitative fair value assessment, discounted cash flow and market multiples method, requires our management to make certain assumptions and estimates regarding certain industry trends and future profitability of our reporting units. If the fair value of a reporting unit exceeds the related carrying value, the reporting unit’s goodwill is considered not to be impaired and no further testing is performed. If the carrying value of a reporting unit exceeds its fair value, an impairment loss is recorded for the difference. The valuation of goodwill is affected by, among other things, our business plan for the future and estimated results of future operations. Future events could cause us to conclude that impairment indicators exist, and, therefore, that goodwill may be impaired. Intangible assets include the cost of patents or patent rights (hereinafter, collectively “patents”) and trademarks. Patent and trademark costs are amortized utilizing the straight-line method over their remaining economic useful lives. Costs incurred related to patents prior to issuance are included in prepaid patent expense until the time the patent is issued and amortization begins or until management determines it is no longer likely the patent will be issued and amounts are expensed. Vinco Ventures reviews long-lived assets and intangible assets for potential impairment annually and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to a patent portfolio, an impairment loss equal to the remaining carrying value of the asset is recorded. Revenue Recognition Generally, the Company considers all revenues as arising from contracts with customers. Revenue is recognized based on the five-step process outlined in the Accounting Standards Codification (“ASC”) 606: Step 1 – Identify the Contract with the Customer – A contract exists when (a) the parties to the contract have approved the contract and are committed to perform their respective obligations, (b) the entity can identify each party’s rights regarding the goods or services to be transferred, (c) the entity can identify the payment terms for the goods or services to be transferred, (d) the contract has commercial substance and it is probably that the entity will collect substantially all of the consideration to which it will be entitled in exchange for the goods or services that will be transferred to the customer. Step 2 – Identify Performance Obligations in the Contract – Upon execution of a contract, the Company identifies as performance obligations each promise to transfer to the customer either (a) goods or services that are distinct, or (b) a series of distinct goods or services that are substantially the same and have the same pattern of transfer to the customer. To the extent a contract includes multiple promised goods or services, the Company must apply judgement to determine whether the goods or services are capable of being distinct within the context of the contract. If these criteria are not met, the goods or services are accounted for as a combined performance obligation. Step 3 – Determine the Transaction Price – When (or as) a performance obligation is satisfied, the Company shall recognize as revenue the amount of the transaction price that is allocated to the performance obligation. The contract terms are used to determine the transaction price. Generally, all contracts include fixed consideration. If a contract did include variable consideration, the Company would determine the amount of variable consideration that should be included in the transaction price based on expected value method. Variable consideration would be included in the transaction price, if in the Company’s judgement, it is probable that a significant future reversal of cumulative revenue under the contract would not occur. Step 4 – Allocate the Transaction Price – After the transaction price has been determined, the next step is to allocate the transaction price to each performance obligation in the contract. If the contract only has one performance obligation, the entire transaction price will be applied to that obligation. If the contract has multiple performance obligations, the transaction price is allocated to the performance obligations based on the relative standalone selling price (SSP) at contract inception. Step 5 – Satisfaction of the Performance Obligations (and Recognize Revenue) – Revenue is recognized when (or as) goods or services are transferred to a customer. The Company satisfies each of its performance obligations by transferring control of the promised good or service underlying that performance obligation to the customer. Control is the ability to direct the use of and obtain substantially all of the remaining benefits from an asset. It includes the ability to prevent other entities from directing the use of and obtaining the benefits from an asset. Indicators that control has passed to the customer include: a present obligation to pay; physical possession of the asset; legal title; risks and rewards of ownership; and acceptance of the asset(s). Performance obligations can be satisfied at a point in time or over time. Substantially all of the Company’s revenues continue to be recognized when control of the goods are transferred to the customer, which is upon shipment of the finished goods to the customer. All sales have fixed pricing and there are currently no material variable components included in the Company’s revenue. Additionally, the Company will issue credits for defective merchandise, historically these credits for defective merchandise have not been material. Based on the Company’s analysis of the new revenue standards, revenue recognition from the sale of finished goods to customers, which represents substantially all of the Company’s revenues, was not impacted by the adoption of the new revenue standards. Disaggregation of Revenue The Company’s primary revenue streams include the sale and/or licensing of consumer goods and packaging materials for innovative products. The Company’s licensing business is not material and has not been separately disaggregated for segment purposes. The disaggregated Company’s revenues for the years ended December 31, 2020 and 2019 was as follows: For the Years Ended December 31, 2020 2019 Revenues: Product sales $ 15,522,649 $ 12,078,798 Licensing revenues 258,670 444,634 Total revenues, net $ 15,781,319 $ 12,523,432 For the years ended December 31, 2020 and 2019, the following customers represented more than 10% of total net revenues: For the years ended 2020 2019 Customer: Customer A - % 14 % For the years ended December 31, 2020 and 2019, the following geographical regions represented more than 10% of total net revenues: For the Years Ended 2020 2019 Region: North America 87 % 76 % Asia-Pacific 2 % 9 % Europe 11 % 15 % Cost of Revenues Cost of revenues includes freight charges, purchasing and receiving costs, depreciation and inspection costs. Shipping and Handling Costs Shipping and handling costs include inbound freight costs and the cost to ship product to the customer and are included in cost of sales. Fair Value of Financial Instruments The Company measures the fair value of financial assets and liabilities based on the guidance of ASC 820 “Fair Value Measurements and Disclosures” (“ASC 820”) which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example, cash flow modeling inputs based on assumptions) The carrying amounts of the Company’s financial instruments, such as cash, accounts receivable, accounts payable, accrued expenses and other current liabilities approximate fair values due to the short-term nature of these instruments. The carrying amount of the Company’s notes payable approximates fair value because the effective yields on these obligations, which include contractual interest rates, taken together with other features such as concurrent issuance of warrants, are comparable to rates of returns for instruments of similar credit risk. The loan held for investment was acquired at fair value, which resulted in a discount. The following fair value of the short-term investment held and the input level used to determine the fair value at December 31, 2020 is presented below: Level 1 U.S. equity stock $ 1,018,000 There were no short-term investments held at December 31, 2019. U.S. equity stocks represent investment in stocks of U.S. based companies. The valuation inputs for U.S. equity stocks are based on the last published price reported on the major stock market on which the securities are traded and are primarily classified as Level 1. Securities whose valuation inputs are not based on observable market information are classified as Level 3. The following changes in level 3 instruments for the year ended December 31, 2020 are presented below: Contingent Balance, January 1, 2019 $ (520,000 ) Change in fair value of earnout 520,000 Balance, December 31, 2019 - TBD Safety, LLC’s sellers earnout (200,000 ) Balance, December 31, 2020 $ (200,000 ) Income Taxes The Company accounts for income taxes under the provisions of the Financial Accounting Standards Board (“FASB”) ASC Topic 740 “Income Taxes” (“ASC Topic 740”). The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of items that have been included or excluded in the financial statements or tax returns. Deferred tax assets and liabilities are determined on the basis of the difference between the tax basis of assets and liabilities and their respective financial reporting amounts (“temporary differences”) at enacted tax rates in effect for the years in which the temporary differences are expected to reverse. The Company utilizes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Management has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the Company’s consolidated financial statements as of December 31, 2020 and 2019. The Company does not expect any significant changes in its unrecognized tax benefits within twelve months of the reporting date. The Company’s policy is to classify assessments, if any, for tax related interest as interest expense and penalties as general and administrative expenses in the statements of operations. Net Earnings or Loss per Share Basic net (loss) income per common share is computed by dividing net (loss) income by the weighted average number of vested common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number vested of common shares, plus the net impact of common shares (computed using the treasury stock method), if dilutive, resulting from the exercise of dilutive securities. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As of December 31, 2020 and 2019, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. For the Years Ended December 31, 2020 2019 Selling Agent Warrants 160,492 160,492 Shares reserved in exchange for the cancellation of certain non-voting membership interest in Edison Nation Holdings, LLC - 990,000 Options 80,000 80,000 Convertible shares under notes payable 517,073 285,632 Warrants for noteholders 625,000 50,000 Restricted stock units 30,000 210,000 Series B Convertible Stock 764,618 - Shares to be issued 1,071,483 412,500 Total 3,248,666 2,188,624 Deferred Financing Costs Deferred financing costs include debt discounts and debt issuance costs related to a recognized debt liability and are presented in the balance sheet as a direct deduction from the carrying value of the debt liability. Amortization of deferred financing costs are included as a component of interest expense. Deferred financing costs are amortized using the straight-line method over the term of the recognized debt liability which approximates the effective interest method. Recent Accounting Pronouncements In January 2017, the FASB issued Accounting Standards Update No. 2017-04 (ASU 2017-04), “Simplifying the Test for Goodwill Impairment”, which removes Step 2 from the goodwill impairment test. ASU 2017-04 requires that if a reporting unit’s carrying value exceeds its fair value, an impairment charge would be recognized for the excess amount, not to exceed the carrying amount of goodwill. ASU 2017-04 will be effective for interim and annual reporting periods beginning after December 15, 2019. Early application is permitted after January 1, 2017. The Company early adopted ASU 2017-04 in the third quarter of 2018. The Company recognized an impairment charge of $4,443,000 under the simplified test for goodwill impairment. In June 2018, the FASB issued an amendment to the accounting guidance related to accounting for employee share-based payments which clarifies that an entity should recognize excess tax benefits in the period in which the amount of the deduction is determined. This amendment is effective for annual periods beginning after December 15, 2018. The Company adopted this accounting guidance in the first quarter of 2019 with no impact on our financial statements. In August 2018, the FASB issued new accounting guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. Among the changes, an entity will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. Since this accounting guidance only revises disclosure requirements, the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In October 2018, the FASB issued new accounting guidance for Variable Interest Entities, which requires indirect interests held through related parties in common control arrangements be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The guidance is effective for the Company’s interim and annual reporting periods during the year ending December 31, 2020. Early adoption is permitted. The adoption of this accounting guidance did not have a impact on its consolidated financial statements and related disclosures. Subsequent Events The Company has evaluated subsequent events through the date which the financial statements were issued. Based upon the evaluation, except for items described in Note 18, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements. Segment Reporting The Company uses “the management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s chief operating decision maker is the Chairman and Chief Executive Officer (“CEO”) of the Company, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. The Company deploys resources on a consolidated level to all brands of the Company and therefore the Company only identifies one reportable operating segment with multiple product offerings.

Acquisitions and Divestitures

Acquisitions and Divestitures	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Acquisitions and Divestitures	Note 3 — Acquisitions and Divestitures Divestiture of Subsidiary - Cloud B On February 17, 2020, the Company divested its Cloud B, Inc. subsidiary and entered into an Agreement for the Purchase and Sale of Cloud B, Inc.(the “Purchase Agreement”), with Pearl 33 Holdings, LLC (the “Buyer”), pursuant to which the Buyer purchased from the Company (and the Company sold and assigned) 80,065 shares of common stock of Cloud B (the “Cloud B Shares”) for $1.00 and an indemnification agreement as described below, constituting a 72.15% ownership interest in Cloud B, based on 110,964 shares of Cloud B’s common stock outstanding as of February 17, 2020. In accordance with the agreement, all of the liabilities of Cloud B were assumed by Pearl 33. On February 17, 2020, as part of the sale of Cloud B, Inc., the Company entered into an indemnification agreement with Pearl 33 Holdings, LLC in connection with the divestiture of Cloud B, Inc., whereby pursuant to such agreement the Company is limited to the issuance of 150,000 shares of the Company’s common stock to the Buyer for indemnification of claims against Cloud B Inc. In addition, the Company shall indemnify the Buyer for expenses (including attorneys’ fees and all other costs, expenses and obligations) in connection with defending any Claim in connection with the Cloud B. The Company has recorded $405,000 related to the fair value of the 150,000 shares of common stock which were issued to the Buyer on June 30, 2020. The table below shows the assets and liabilities that the Company was relieved of in the transaction: February 17, 2020 Accounts payable 4,005,605 Accrued Expenses 370,289 Income Tax Payable 14,473 Notes Payable 900,000 Non-Controlling Interest 26,393 Shares to be issued to Buyer (405,000 ) Gain on divestiture $ 4,911,760 Divestiture of Subsidiary- SRM Entertainment, LTD On November 30, 2020, the Company and its wholly owned subsidiary, SRM Entertainment, LTD entered into a Stock Exchange Agreement with Jupiter Wellness, Inc. (“Jupiter”). Under the terms of the Exchange Agreement, Jupiter agreed to purchase all outstanding shares of common stock (the “Exchange Shares”) issued by SRM from the Company. As consideration for the purchase of the Exchange Shares, Jupiter issued the Company 200,000 shares of its restricted common stock, symbol JUPW as listed on NASDAQ Capital Markets.. Please see Note 18 — Discontinued Operations Acquisitions On September 29, 2020, the Company entered into a Purchase and Sale Agreement (the “Agreement”) with Graphene Holdings, LLC, Mercury FundingCo, LLC, Ventus Capital, LLC and Jetco Holdings, LLC (together the “Sellers”) to acquire all outstanding Membership Units (the “Units”) of TBD Safety, LLC (“TBD”). Collectively, the Sellers owned all outstanding Units of TBD. Under the terms of the Agreement, the Company issued a total of Two Million Two Hundred Ten Thousand Three Hundred Eighty-Two (2,210,382) shares of the Company’s common stock and a total of Seven Hundred Sixty-Four Thousand Six Hundred Eighteen (764,618) shares of a newly designated Preferred Stock (the “Preferred”). In addition, the Company and Sellers entered into a Registration Rights Agreement (the “Registration Rights Agreement”) in favor of the Sellers obligating the Company to register such common stock and shares of common stock to be issued upon conversion of the Preferred within 120 days after the Closing. The Sellers also had an Earn Out Consideration, which provides that at such time as the assets purchased in the Agreement achieve cumulative revenue of $10,000,000, the Sellers will earn a total of One Hundred Twenty-Five Thousand (125,000) shares of common stock. The closing of the transaction occurred on October 16, 2020. Asset Acquisition On March 11, 2020, the Company issued 238,750 shares of our common stock to acquire the assets of HMNRTH, LLC. On July 1, 2020, the Company made payment in the amount of $70,850 to the principals of HMNRTH, LLC. The transaction was treated as an asset purchase and not accounted for as a business combination due to the limited inputs, processes and outputs, which did not meet the requirements to be a business. On November 6, 2019, the Company issued 45,000 shares of our common stock to acquire the assets of Uber Mom, LLC for $52,352, which was the approximate value of Uber Mom, LLC’s inventory. Joint Venture On August 23, 2019, the Company formed Ed Roses, LLC, a 50% joint venture with 4Keeps Roses, Inc., to distribute preserved roses, flowers and associated gift products. The operations are currently not material. The following table summarizes the preliminary purchase price allocation of fair values of the assets acquired and liabilities assumed during 2019 at the date of acquisition: Uber Mom Inventory $ 52,352 Goodwill 98,613 Total assets acquired $ 150,965 The following table summarizes the aggregate purchase price consideration paid for acquisitions during 2020: TBD Safety, LLC Fair value of issued common shares $ 4,203,632 Fair value of issued preferred shares 764,618 Fair value of contingent consideration 200,000 Purchase consideration $ 5,168,250 The following table summarizes the purchase price allocation of fair values of the assets acquired and liabilities assumed during 2020 at the date of acquisition: TBD Safety, LLC Cash and cash equivalents $ 180,489 Accounts receivable 20,217 Inventory 492,793 Other current assets 346,095 Goodwill 591,729 Intangible assets 3,600,000 Total assets acquired $ 5,231,323 Notes payable 62,500 Current liabilities 573 Total liabilities assumed 63,073 Total net assets acquired 5,168,250 The following represents the unaudited pro forma consolidated income statement as if the acquisitions had been included in the consolidated results of the Company for the entire years ending December 31, 2020: Year Ended December 31, 2020 Year Ended December 31, 2019 Revenues, net $ 16,801,734 $ 13,197,684 Cost of revenues 11,994,549 8,095,723 Gross profit 4,807,185 5,101,961 Operating expenses: Selling, general and administrative 12,589,513 14,900,658 Impairment - 4,443,000 Change in fair value of earnout - (520,000 ) Operating loss (7,782,328 ) (13,721,697 ) Other income (expense): Other income (expense) 1,615,016 (1,189,966 ) Loss before income taxes (6,167,312 ) (14,911,663 ) Income tax expense (benefit) 19,197 (22,373 ) Net loss from continuing operations $ (6,186,509 ) $ (14,889,290 ) The following table summarizes the aggregate purchase price consideration paid for acquisitions during 2019: Uber Mom Cash paid $ 52,352 Fair value of issued common shares 98,613 Purchase consideration $ 150,965 The Company believes that these combinations will further strengthen its future growth opportunities while also increasing product diversification. The Company accounted for these acquisitions as a business combination under the acquisition method of accounting.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Note 4 — Variable Interest Entities The Company is involved in the formation of various entities considered to be Variable Interest Entities (“VIEs”). The Company evaluates the consolidation of these entities as required pursuant to ASC Topic 810 relating to the consolidation of VIEs. These VIEs are primarily partnerships formed to supply consumer goods to through various distribution and retail channels. The Company’s determination of whether it is the primary beneficiary of VIE is based in part on an assessment of whether or not the Company and its related parties are exposed to the majority of the risks and rewards of the entity. Typically, the Company is entitled to substantially all or portion of the economics of these VIEs. The Company is the primary beneficiary of the VIE entities. The following table presents the carrying values of the assets and liabilities of entities that are VIEs and consolidated by the Company at December 31, 2020: For the Twelve Months Ended December 31, 2020 2019 Assets Current assets: Cash and cash equivalents $ 10,481 $ 6,234 Accounts receivable, net 94,195 21,697 Inventory 240,158 51,090 Prepaid expenses and other current assets - 379,561 Total current assets 344,834 458,582 Property and equipment, net - 32,661 Total assets $ 344,834 $ 491,243 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 217,558 $ 337,648 Accrued expenses and other current liabilities 113,576 - Line of credit 1,133,652 - Notes payable, current 150,000 - Due to related party 315,666 315,666 Total current liabilities 1,930,452 653,314 The following table presents the operations of entities that are VIEs and consolidated by the Company at December 31, 2020: For the Twelve Months Ended December 31, 2020 2019 Revenues, net $ 1,571,017 $ 352,523 Cost of revenues 2,092,167 204,943 Gross profit (521,150 ) 147,580 Operating expenses: Selling, general and administrative 413,217 450,693 Operating income (934,367 ) (303,113 ) Other (expense) income: Interest expense (174,396 ) - Total other (expense) income (174,396 ) - Loss before income taxes (47,578 ) (303,113 ) Income tax expense - - Net (loss) income $ (1,108,763 ) $ (303,113 ) At December 31, 2020 and December 31, 2019, there were no unconsolidated VIEs for which the Company holds a variable interest. On May 20, 2020 (the “Effective Date”), Edison Nation, Inc. (the “Company”) entered into an Agreement and Plan of Share Exchange (the “Share Exchange Agreement”) with PPE Brickell Supplies, LLC, a Florida limited liability company (“PPE”), and Graphene Holdings, LLC, a Wyoming limited liability company (“Graphene”, and together with PPE, the “Sellers”), whereby the Company purchased 25 membership units of Global Clean Solutions, LLC, a Nevada limited liability company (“Global”) from each of PPE and Graphene, for a total of fifty (50) units, representing fifty percent (50%) of the issued and outstanding units of Global (the “Purchase Units”). The Company issued 250,000 shares of its restricted common stock, $0.001 par value per share (the “Common Stock”) to PPE, and 50,000 shares of Common Stock to Graphene, in consideration for the Purchase Units. Global Clean Solutions, LLC is a VIE. The fair value of the shares of $699,000 was treated as a distribution to the noncontrolling interest members. Pursuant to the terms of the Share Exchange Agreement, the Sellers may earn additional shares of Common Stock upon Global realizing the following revenue targets: (i) In the event that Global’s total orders equal or exceed $1,000,000, Graphene shall receive 200,000 shares of Common Stock; (ii) In the event that Global’s total orders equal or exceed $10,000,000, PPE shall receive 100,000 shares of restricted Common Stock; and (iii) In the event that Global’s total orders equal or exceed $25,000,000, Graphene shall receive 125,000 shares of restricted Common Stock. Additionally, the Company shall be entitled to appoint two managers to the Board of Managers of Global. The fair value of the shares is expensed over the estimated vesting period and is adjusted based on the number of shares that vest. Amended Limited Liability Company Agreement On the Effective Date, the Company entered into an Amended Limited Liability Company Agreement of Global (the “Amended LLC Agreement”). The Amended LLC Agreement amends the original Limited Liability Company Agreement of Global, dated May 13, 2020. The Amended LLC defines the operating rules of Global and the ownership percentage of each member: Vinco Ventures, Inc. 50%, PPE 25% and Graphene 25%. Secured Line of Credit Agreement On the Effective Date, the Company (as “Guarantor”) entered into a Secured Line of Credit Agreement (the “Credit Agreement”) with Global and PPE. Under the terms of the Credit Agreement, PPE is to make available to Global a revolving credit loan in a principal aggregate amount at any one time not to exceed $2,500,000. Upon each drawdown of funds against the credit line, Global shall issue a Promissory Note (the “Note”) to PPE. The Note shall accrue interest at 3% per annum and have a maturity date of six (6) months. In the event of a default, any and all amounts due to PPE by Global, including principal and accrued but unpaid interest, shall increase by forty (40%) percent and the interest shall increase to five (5%) percent (the “Default Interest”). Security Agreement On the Effective Date, the Company (as “Guarantor”) entered into a Security Agreement (the “Security Agreement”) with Global (as “Borrower”) and PPE as the secured party, whereby the Company placed 1,800,000 shares of Common Stock (the “Reserve Shares”) in reserve with its transfer agent in the event of default under the Credit Agreement. In the event of a default that is not cured by the defined cure period, the PPE may liquidate the Reserve Shares until the Global’s principal, interest and associated expenses are recovered. The number of Reserve Shares may be increased through the issuance of True-Up shares in the event the original number of Reserve Shares is insufficient.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2020
Credit Loss [Abstract]
Accounts Receivable	Note 5 — Accounts Receivable As of December 31, 2020 and 2019, accounts receivable consisted of the following: December 31, December 31, 2020 2019 Accounts receivable $ 1,781,448 $ 2,185,859 Less: Allowance for doubtful accounts (178,321 ) (77,760 ) Total accounts receivable, net $ 1,603,127 $ 2,108,099

Inventory

Inventory	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventory	Note 6 — Inventory As of December 31, 2020 and 2019, inventory consisted of the following: December 31, December 31, 2020 2019 Raw materials $ 71,484 $ 49,232 Finished goods 1,761,668 1,319,993 Reserve for obsolescence (145,690 ) - Total inventory $ 1,687,462 $ 1,369,225

Short-term Investments

Short-term Investments	12 Months Ended
	Dec. 31, 2020
Investments, All Other Investments [Abstract]
Short-term Investments	Note 7 — Short-term investments As of December 31, 2020 and 2019, short-term investments consisted of the following: December 31, December 31, 2020 2019 Jupiter Wellness, Inc. (JUPW) $ 1,040,000 $ - Unrealized losses (22,000 ) - Total short-term investments $ 1,018,000 $ -

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Note 8 — Prepaid expenses and other current assets As of December 31, 2020 and 2019, prepaid expenses and other current assets consisted of the following: December 31, December 31, 2020 2019 Deposits on inventory $ 678,531 $ 680,792 Deposits 54,598 11,409 Prepaid insurance 43,063 46,848 Other 7,866 41,056 Total prepaid expenses and other current assets $ 784,238 $ 917,433

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Note 9 — Property and equipment, net As of December 31, 2020 and 2019, property and equipment consisted of the following: December 31, December 31, 2020 2019 Land $ 79,100 $ 79,100 Buildings – rental property 463,635 445,635 Building improvements 800,225 766,859 Equipment and machinery 4,122,917 3,917,080 Furniture and fixtures 368,137 387,836 Computer software - 23,518 Molds 79,300 4,651,889 Vehicles 521,962 521,962 6,435,276 10,793,879 Less: accumulated depreciation (5,424,475 ) (9,861,911 ) Total property and equipment, net $ 1,010,801 $ 931,968 Depreciation expense for the years ended December 31, 2020 and 2019 was $169,141 and $231,518, respectively.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 10 — Goodwill The changes in the carrying amount of goodwill for the year ended December 31, 2020 consisted of the following: Total Balance, January 1, 2019 $ 9,736,510 Acquisition of Uber Mom 98,613 Impairment (4,443,000 ) Balance, December 31, 2019 5,392,123 Acquisition of TBD Safety, LLC 591,729 Balance, December 31, 2020 $ 5,983,852 The Company recorded an impairment charge of $0 and $4,443,000 for the years ended December 31, 2020 and 2019, respectively, related to our annual impairment assessment. The impairment was a result of decreased profitability as compared to anticipated profitability in our businesses acquired in 2018. The Company utilized the simplified test for goodwill impairment. The amount recognized for impairment is equal to the difference between the carrying value and the asset’s fair value. The valuation methods used in the quantitative fair value assessment was a discounted cash flow method and required management to make certain assumptions and estimates regarding certain industry trends and future profitability of our reporting units.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Note 11 — Intangible assets, net As of December 31, 2020, intangible assets consisted of the following: Weighted Gross Net Average Carrying Accumulated Carrying Life Remaining Amount Amortization Amount Finite lived intangible assets: Customer relationships 15 years 12.8 years $ 4,270,000 $ 624,223 $ 3,645,777 Developed technology 7 years 5.9 years 7,400,000 1,330,476 6,069,524 Membership network 7 years 4.7 years 1,740,000 580,000 1,160,000 Digital media 7 years 6.9 years 1,552,500 29,464 1,523,036 Total finite lived intangible assets $ 14,962,500 $ 2,564,163 $ 12,398,337 Indefinite lived intangible assets: Trademarks and tradenames Indefinite $ 3,140,000 $ - $ 3,140,000 Total indefinite lived intangible assets $ 3,140,000 $ - $ 3,140,000 Total intangible assets $ 18,102,500 $ 2,564,163 $ 15,538,337 As of December 31, 2019, intangible assets consisted of the following: Weighted Gross Net Average Carrying Accumulated Carrying Life Remaining Amount Amortization Amount Finite lived intangible assets: Customer relationships 15 years 13.8 years $ 4,270,000 $ 339,556 $ 3,930,444 Developed technology 7 years 5.7 years 3,800,000 697,619 3,102,381 Membership network 7 years 5.7 years 1,740,000 331,429 1,408,571 Non-compete agreements 2 years .7 years 50,000 33,333 16,667 Total finite lived intangible assets $ 9,860,000 $ 1,401,937 $ 8,458,063 Indefinite lived intangible assets: Trademarks and tradenames Indefinite $ 3,140,000 $ - $ 3,140,000 Total indefinite lived intangible assets $ 3,140,000 $ - $ 3,140,000 Total intangible assets $ 13,000,000 $ 1,401,937 $ 11,598,063 Amortization expense for the years ended December 31, 2020 and 2019 was $1,212,226 and $1,089,668, respectively. The estimated future amortization of intangibles subject to amortization at December 31, 2020 was as follows: For the Years Ended December 31, Amount 2021 $ 1,657,881 2022 1,657,881 2023 1,657,881 2024 1,657,881 2025 1,446,452 Thereafter 4,320,361 Total $ 12,398,337

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Note 12 — Accrued expenses and other current liabilities As of December 31, 2020 and 2019, accrued expenses and other current liabilities consisted of the following: December 31, December 31, 2020 2019 Accrued taxes - other $ 211,421 $ 261,396 Accrued payroll and benefits 425,130 482,719 Accrued professional fees 443,084 201,318 Customer deposits - 13,212 Accrued interest 463,489 341,559 Accrued legal contingencies 240,105 240,105 Earnout 200,000 - Other 118,381 54,359 Total accrued expenses and other current liabilities $ 2,101,610 $ 1,594,668

Debt

Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt	Note 13 — Debt As of December 31, 2020 and December 31, 2019, debt consisted of the following: December 31, December 31, 2020 2019 Line of credit: Asset backed line of credit $ 1,133,652 $ 472,567 Receivables financing 367,301 - Debt issuance costs - (15,573 ) Total line of credit 1,500,953 456,995 Senior convertible notes payable: Senior convertible notes payable 1,428,161 1,428,161 Convertible notes payable 591,104 - Debt issuance costs (280,511 ) (366,666 ) Total long-term senior convertible notes payable 1,738,754 1,061,495 Less: current portion of long-term notes payable (577,260 ) - Noncurrent portion of long-term convertible notes payable 1,161,494 1,061,495 Notes payable: Notes payable 1,932,088 1,621,015 Debt issuance costs (34,997 ) (212,848 ) Total long-term debt 1,897,091 1,408,167 Less: current portion of long-term debt (1,301,212 ) (1,365,675 ) Noncurrent portion of long-term debt 595,879 42,492 Notes payable – related parties: Notes payable 2,827,512 3,282,021 Debt issuance costs (33,833 ) (1,686,352 ) Total notes payable – related parties: 2,793,679 1,595,669 Less: current portion of long-term debt – related parties (1,389,922 ) - Noncurrent portion of long-term debt – related parties $ 1,403,757 $ 1,595,669 Convertible Notes Payable On January 23, 2020, the Company entered into a $1,100,000 loan agreement the (“Loan Agreement”) with Greentree Financial Group, Inc. (the “Investor”), pursuant to which the Investor purchased a 10% Convertible Promissory Note (the “Note”) from the Company, and the Company issued to the Investor a three-year warrant (the “Warrant”) to purchase 550,000 shares of the Company’s common stock, $0.001 per share (“Common Stock”). The Note is convertible at any time at a price of $2.00 per share, subject to certain adjustments to the conversion price set forth in the Note. The Note reiterates the registration rights set forth in the Loan Agreement and the Warrant. There is no prepayment penalty on the Note. The $1,100,000 of proceeds from the Note were used for general working capital purposes and for the repayment of debt. On January 24, 2020, the Company used $588,366 of the proceeds from the Note to pay off in full the 12% Convertible Promissory Note held by Labrys Fund, LP. Upon execution of the Loan Agreement, the Company issued to the Investor 100,000 shares of Common Stock (the “Origination Shares”) as an origination fee, plus an additional 60,000 shares of Common Stock as consideration for advisory services. Pursuant to the Loan Agreement, the Company agreed to issue and sell to the Investor the Note, in the principal amount of $1,100,000. On January 29, 2020, the Company and Greentree Financial Group, Inc. (the “Investor”), entered into an Amendment Agreement, amending the January 22, 2020 Loan Agreement, the Note, and the Warrant to: (i) correct the effective date set forth in the Loan Agreement, Note and Warrant to January 23, 2020 and the due date to October 23, 2020, (ii) clarify the terms of the registration right provision in the Loan Agreement such that the Company was required to register a total of 1,500,000 shares of Common Stock, which such amount of shares is the sum of 550,000 shares of Common Stock issuable upon conversion of the Note, 550,000 Warrant Shares, the 100,000 Origination Shares, and 300,000 shares of Common Stock to account for changes to the conversion and/or exercise price under the Note and Warrant, and (iii) to ensure that the total number of shares of Common Stock issued pursuant to the Loan Agreement, the Note, and/or the Warrant, each as amended, does not exceed 17.99% of the Company’s issued and outstanding Common Stock as of January 23, 2020. The Company recognized a beneficial conversion option of $586,785 related to the 550,000 shares of Common Stock issuable upon conversion of the Note, a debt discount of $296,891 based on the relative fair value related to the 550,000 Warrant Shares, a debt discount of $201,324 based on the relative fair value related to the 160,000 Origination and Advisory Shares. On July 23, 2020, the Company issued 320,000 shares of common stock valued at $1,158,400 to Greentree Financial Group, Inc. to satisfy $360,000 principal and $131,889 interest and fees and on August 4, 2020, the Company issued 370,000 shares of common stock valued at $1,394,900 to Greentree Financial Group, Inc. in satisfaction of $740,000 principal. The Note is paid in full. On April 7, 2020, the Company entered into a Securities Purchase Agreement (the “Agreement”) with Jefferson Street Capital, LLC (the “Investor”) wherein the Company issued the Investor a Convertible Promissory Note (the “Note”) in the amount of $168,000 ($18,000 OID). The $150,000 of proceeds from the Note was used for general working capital purposes The Note has a term of six (6) months, is due on October 7, 2020 and has a one-time interest charge of 2%. In addition, the Company issued the Investor 10,700 shares of Common Stock (the “Origination Shares”) as an origination fee. The transaction closed on April 9, 2020. The Investor shall have the right at any time to convert all or any part of the outstanding and unpaid principal, interest, fees, or any other obligation owed pursuant to this Note into fully paid and non-assessable shares of Common Stock at a conversion price equal to $2.05 per share. Upon an Event of Default, the Conversion Price shall equal the Alternate Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The “Alternate Conversion Price” shall equal the lesser of (i) 80% multiplied by the average of the three lowest daily volume weighted average prices (“VWAP”) during the previous twenty (20) Trading Days (as defined below) before the Issue Date of this Note (representing a discount rate of 20%) or (ii) 80% multiplied by the Market Price (as defined herein) (representing a discount rate of 20%). “Market Price” means the average of the three lowest daily VWAPs for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. On October 7, 2020, the Company and Investor entered into a Forbearance Agreement (the “Forbearance Agreement”) against the Note issued by the Company to the Investor. Under the terms of the Forbearance Agreement, the Investor has requested and the Company has agreed to temporarily forebear, until the earlier of (i) December 9, 2020 or (ii) at such time as a default shall occur under and pursuant to the Purchase Agreement, the Note or the Forbearance Agreement, from exercising its right to convert amounts due under the Note into Common Stock of the Company, in exchange for a one time cash payment forbearance fee equal to $12,500 paid upon execution of the Forbearance Agreement. On December 29, 2020, the Company issued the Investor 41,730 shares of common stock in satisfaction of $45,000 principal. Please see Note 19 — Subsequent Events On April 7, 2020, the Company entered into a Securities Purchase Agreement (the “Agreement”) with BHP Capital NY Inc. (the “Investor”) wherein the Company issued the Investor a Convertible Promissory Note (the “Note”) in the amount of $168,000 ($18,000 OID). The $150,000 of proceeds from the Note will be used for general working capital purposes The Note has a term of six (6) months, is due on October 7, 2020 and has a one-time interest charge of 2%. In addition, the Company issued the Investor 10,700 shares of Common Stock (the “Origination Shares”) as an origination fee. The transaction closed on April 9, 2020. The Investor shall have the right at any time to convert all or any part of the outstanding and unpaid principal, interest, fees, or any other obligation owed pursuant to this Note into fully paid and non-assessable shares of Common Stock at a conversion price equal to $2.05 per share. Upon an Event of Default, the Conversion Price shall equal the Alternate Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The “Alternate Conversion Price” shall equal the lesser of (i) 80% multiplied by the average of the three lowest daily volume weighted average prices (“VWAP”) during the previous twenty (20) Trading Days (as defined below) before the Issue Date of this Note (representing a discount rate of 20%) or (ii) 80% multiplied by the Market Price (as defined herein) (representing a discount rate of 20%). “Market Price” means the average of the three lowest daily VWAPs for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. The Note increased 130% due to the occurrence of the default but was subsequently paid in full on February 26, 2021. On July 29, 2020, the Company entered into a Securities Purchase Agreement (the “Agreement”) with Jefferson Street Capital, LLC (the “Investor”) wherein the Company issued the Investor a Convertible Promissory Note (the “Note”) in the amount of $224,000 ($24,000 OID). The $200,000 of proceeds from the Note will be used for general working capital purposes The Note has a term of six (6) months, is due on January 29, 2021 and has a one-time interest charge of 2%. In addition, the Company issued the Investor 14,266 shares of Common Stock (the “Origination Shares”) as an origination fee. The transaction closed on July 29, 2020. The Investor shall not have the right to convert the Note into shares prior to 180 calendar days from the Issue Date. Provided that the Note remains unpaid, the Investor may elect to convert all or any part of the outstanding and unpaid principal, interest, fees, or any other obligation owed pursuant to the Note into fully paid and non-assessable shares of Common Stock at a conversion price equal to $2.05 per share after 180 calendar Days from the Issue Date. Upon an Event of Default, the Conversion Price shall equal the Alternate Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The “Alternate Conversion Price” shall equal the lesser of (i) 80% multiplied by the average of the three lowest daily volume weighted average prices (“VWAP”) during the previous twenty (20) Trading Days (as defined below) before the Issue Date of this Note (representing a discount rate of 20%) or (ii) 80% multiplied by the Market Price (as defined herein) (representing a discount rate of 20%). “Market Price” means the average of the three lowest daily VWAPs for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. The note was paid in full on the January 28, 2021. 32E Financing On December 4, 2019, the Company agreed to issue and sell to 32 Entertainment LLC (“32E”) a 10% Senior Secured Note (the “32E Note”), in the principal amount of $250,000. The maturity date of the 32E Note is December 4, 2020. In addition, the Company issued to 32E 10,000 shares of common stock as an inducement to 32E to purchase the 32E Note. The fees were recorded as a debt discount and amortized over the term of the note. The $250,000 of proceeds from the 32E Note was used for general working capital needs of the Company and the repayment of debt related to Horberg Enterprises. Pursuant to the terms of the 32E Note, on December 4, 2019, the Company also issued 32E a Common Stock Purchase Warrant (the “32E Warrant”) to purchase 50,000 shares of common stock at an exercise price of $1.50 per share. The 32E Warrant expires on December 4, 2024. The 32E Warrant contains price protection provisions, as well as a provision allowing 32E to purchase the number of shares that 32E could have acquired if it held the number of shares of common stock acquirable upon complete exercise of the 32E Warrant, in the event that the Company grants, issues or sells common stock, common stock equivalents, rights to purchase common stock, warrants, securities or other property pro rate to holders of any class of the Company’s securities. If there is no effective registration statement registering the resale of the shares of common stock underlying the 32E Warrant, then the 32E Warrant may be exercised, based on a cashless exercise formula. The 32E Warrant also contains a conversion limitation provision, which prohibits 32E from exercising the 32E Warrant in an amount that would result in the beneficial ownership of greater than 4.9% of the total issued and outstanding shares of common stock, provided that (i) such exercise limitation may be waived by 32E with 61 days prior notice, and (ii) 32E cannot waive the exercise limitation if conversion of the 32E Warrant would result in 32E having beneficial ownership of greater than 9.9% of the total issued and outstanding shares of common stock. In connection with the sale of the 32E Note, also on December 4, 2019, the Company entered into a registration rights agreement whereby the Company agreed to register the 10,000 shares of common stock issued to 32E as an inducement on a registration statement on Form S-1 with the SEC. The Company was required to have such registration statement declared effective by the SEC within 90 calendar days (or 180 calendar days in the event of a “full review” by the SEC) following the earlier of 30 days from December 4, 2019 or the filing date of the registration statement on Form S-1, which such registration statement has not been filed or timely declared effective. If the registration statement is not filed or declared effective within the timeframe set forth in the registration rights agreement, the Company was supposed to be obligated to pay to 32E a monthly amount equal to 1% of the total subscription amount paid by 32E until such failure is cured. The Company has not made any such payment 32E. The registration rights agreement also contains mutual indemnifications by the Company and each investor, which the Company believes are customary for transactions of this type. On May 19, 2020, the Company entered into an Amendment (the “Amendment”) to the 32E Note. Under the terms of the Amendment, the Company issued to 32E an Amended Subordinate Secured Note (the “Replacement Note”) in the principal amount of $200,000 that accrues interest at 16% annually and matures on May 21, 2021. On May 28, 2020, the Company paid $50,000 toward the principal plus interest in the amount of $6,250 for a total of $56,250. 32E shall also receive 40,000 restricted stock units and surrender the warrant issued to it in the December 4, 2019 financing transaction. The Company accounted for the Amendment as a modification. Promissory Notes On January 2, 2020, the Company entered into that certain Loan Agreement with Tiburon Opportunity Fund (the “Lender”), dated January 2, 2020 (the “Loan Agreement”). Pursuant to the terms of the Loan Agreement, the Lender agreed to loan the Company $400,000. The Loan is interest bearing at the rate of 1.5% per month through the term of the Loan. Additionally, the Loan Agreement provides that the Company shall pay the Lender the entire unpaid principal and all accrued interest upon thirty days’ notice to the Company, but in any event, the notice shall not be sooner than June 1, 2020. On April 24, 2020, the Company and Lender entered into a Debt Conversion Agreement whereby the Lender was given the right and elected to exercise that right to convert principal and interest of $424,000 of funds loaned to the Company into shares of the Company’s common stock. The fair value of the Company’s common stock was $2.08 on the date of conversion and the conversion price was $2.00 per share for a total of 212,000 shares of restricted common stock issued by the Company. On January 2, 2020, Ed Roses, LLC (the “Partnership”) entered into a Loan Agreement (the “Agreement”) with Sook Hyun Lee (the “Lender”). Under the terms of the Agreement, the Lender agreed to lend $150,000 to the Partnership for general working capital. The Loan was due on April 15, 2020 (the “Maturity Date”) and accrues interest at 15% per annum. The Agreement shall automatically renew at the Maturity date for successive 90-day periods unless written notice is remitted by either party. On the Maturity date, the Partnership shall pay the Lender all unpaid principal and interest and a $30,000 commitment fee. The Lender shall have a collateral interest in the accounts receivable of the Partnership, including but not limited to 7 Eleven receivables. As collateral, the Company, Inc. placed 75,000 shares of common stock in reserve. On January 10, 2020, the Company entered into a 5% Promissory Note Agreement with Equity Trust Company on behalf of Rawleigh Ralls (“Ralls”) for an aggregate principal amount of $267,000 (the “Ralls Note”), pursuant to which Ralls purchased the Ralls Note from the Company for $250,000 and an original issue discount of $17,000, and the Company issued to Ralls a warrant (the “Ralls Warrant”) to purchase 125,000 shares of the Company’s common stock valued at $86,725 estimated using the Black-Scholes option-valuation model. The proceeds from the Ralls Note will be used for general working capital needs of the Company. The Company issued 33,000 incentive shares to Ralls valued at $79,860 based on the closing stock price on January 10, 2020. The fair value of the warrants and incentive shares have been recorded as debt discount. The original maturity date of the Ralls Note was July 10, 2020. On July 14, 2020, the Company entered into an Amendment to Note Agreement and Common Stock Purchase Warrant (the “Amendment”) with Equity Trust Company, a Custodian FBO: Rawleigh H. Ralls IRA. Under the terms of the Amendment, the parties amended the terms of the January 10, 2020 Note Agreement (the “Agreement”) and Common Stock Purchase Warrant (the “Warrant”) such that; (i) the maturity date of the Agreement was extended to January 10, 2021, (ii) the Original Issue Discount (“OID”) shall be increased to $34,000, (iii) the Lender shall be issued 33,000 Additional Incentive Shares and (iv) the Company shall prepare and file with the United States Securities and Exchange Commission a registration statement on Form S-1 within 30 days of the Effective Date of the Amendment, that registers a total of 191,000 shares of Common Stock, which such amount of shares is the sum of 125,000 Warrant Shares, the 33,000 Incentive Shares, and 33,000 Additional Incentive Shares. The amendment was accounted for as an extinguishment with no gain or loss recognized. On July 14, 2020, the Company issued the 33,000 Additional Incentive Shares valued at $124,740. The Company paid the Note in full on January 27, 2021. On January 15, 2020, the Company entered into a 5% Promissory Note Agreement with Paul J. Solit & Julie B. Solit (“Solits”) for an aggregate principal amount of $107,000 (the “Solit Note”), pursuant to which the Solits purchased the Solit Note from the Company for $100,000 and an original issue discount of $7,000, and the Company issued to the Solits a warrant (the “Solit Warrant”) to purchase 50,000 shares of the Company’s common stock valued at $31,755 estimated using the Black-Scholes option-valuation model. The proceeds from the Solit Note will be used for general working capital needs of the Company. The Company issued 13,000 incentive shares to the Solits valued at $30,420 based on the closing stock price on January 15, 2020. The fair value of the warrants and incentive shares have been recorded as debt discount. The original maturity date of the Solit Note was July 15, 2020. On July 14, 2020, the Company entered into an Amendment to Note Agreement and Common Stock Purchase Warrant (the “Amendment”) with Paul J. Solit and Julie B. Solit. Under the terms of the Amendment, the parties amended the terms of the January 15, 2020 Note Agreement (the “Agreement”) and Common Stock Purchase Warrant (the “Warrant”) such that; (i) the maturity date of the Agreement was extended to December 15, 2020, (ii) the Original Issue Discount (“OID”) shall be increased to $14,000 and (iii) the Lender shall be issued 13,000 Additional Incentive Shares. On July 14, 2020, the Company issued the 13,000 Additional Incentive Shares valued at $49,140. On December 15, 2020, the Company entered into a Second Amendment to Note Agreement (the “Second Amendment”) with the Solits. Under the terms of the Second Amendment, the Company is to issue the Solits 10,000 additional incentive shares and make payments of $10,000 per week beginning on January 18, 2021with the remaining principal and interest payable on or before February 22, 2021. In the event the Company fails to make any of the payments, the Company shall issue the Solits an additional 5,000 shares of restricted common stock. The amendment was accounted for as a modification. The Company paid the Note in full on January 27, 2021. On January 17, 2020, the Company entered into a 5% Promissory Note Agreement with Richard O’Leary (“O’Leary”) (“Lender”) for an aggregate principal amount of $53,500 (the “O’Leary Note”), pursuant to which O’Leary purchased the O’Leary Note from the Company for $50,000 and an original issue discount of $3,500, and the Company issued to O’Leary a warrant (the “O’Leary Warrant”) to purchase 25,000 shares of the Company’s common stock valued at $16,797 estimated using the Black-Scholes option-valuation model. The proceeds from the O’Leary Note will be used for general working capital needs of the Company. The Company issued 6,500 incentive shares to O’Leary valued at $15,535 based on the closing stock price on January 17, 2020. The fair value of the warrants and incentive shares have been recorded as debt discount. The original maturity date of the O’Leary Note was July 17, 2020. On July 14, 2020, the Company entered into an Amendment to the O’Leary Note and O’Leary Warrant (the “Amendment”) with Richard O’Leary. Under the terms of the Amendment, the parties amended the terms such that; (i) the maturity date of the O’Leary Note was extended to January 17, 2021, (ii) the Original Issue Discount (“OID”) shall be increased to $7,000, (iii) the Lender shall be issued 6,500 Additional Incentive Shares and (iv) the expiration date of the Warrant shall be extended to June 30, 2021. On July 14, 2020, the Company issued the 6,500 Additional Incentive Shares valued at $24,570. The amendment was accounted for as an extinguishment with no gain or loss recognized. The Company paid the Note in full on January 27, 2021. On March 6, 2019, Edison Nation, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with an accredited investor (the “Investor”) pursuant to which the Investor purchased a 2% unsecured, senior convertible promissory note (the “Note”) from the Company. The Note was in the amount of $560,000 with an original issue discount of $60,000. The Company issued 15,000 shares of its common stock (“Common Stock”) valued at $74,100 based on the share price on the date of issuance to the Investor as additional consideration for the purchase of the Note. The Under the terms of the SPA, the Investor will have piggyback registration rights in the event the Company files a Form S-1 or Form S-3 within six months from March 6, 2019, as well as a pro rata right of first refusal in respect of participation in any debt or equity financings undertaken by the Company during the 18 months following March 6, 2019. The Company is also subject to certain customary negative covenants under the SPA, including but not limited to, the requirement to maintain its corporate existence and assets subject to certain exceptions, and to not to make any offers or sales of any security under circumstances that would have the effect of establishing rights or otherwise benefitting other investors in a manner more favorable in any material respect than those rights and benefits established in favor of the Investor under the terms of the SPA and the Note. The maturity date of the Note is six months from March 6, 2019. All principal amounts and the interest thereon are convertible into shares Common Stock only in the event that an Event of Default occurs. On January 24, 2020, the Company paid the Investor $588,366 to pay the Note in full. Paycheck Protection Program On April 15, 2020, Edison Nation, Inc. (the “Company”) entered into a loan agreement (“PPP Loan”) with First Choice Bank under the Paycheck Protection Program (the “PPP”), which is part of the recently enacted Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) administered by the United States Small Business Administration (“SBA”). The Company received proceeds of $789,852 from the PPP Loan. In accordance with the requirements of the PPP, the Company intends to use proceeds from the PPP Loan primarily for payroll costs, subject to thresholds, rent and utilities. The PPP Loan has a 1.00% interest rate per annum and matures on April 15, 2022 and is subject to the terms and conditions applicable to loans administered by the SBA under the PPP. Under the terms of the PPP, certain amounts of the PPP Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act. The PPP Loan is included in notes payable on the consolidated balance sheet. On May 4, 2020, TBD Safety, LLC, the Company’s wholly owned subsidiary, entered into a loan agreement (“PPP Loan”) with First Home Bank under the Paycheck Protection Program (the “PPP”), which is part of the recently enacted Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) administered by the United States Small Business Administration (“SBA”). The Company received proceeds of $62,500 from the PPP Loan. In accordance with the requirements of the PPP, the Company intends to use proceeds from the PPP Loan primarily for payroll costs, subject to thresholds, rent and utilities. The PPP Loan has a 1.00% interest rate per annum and matures on May 4, 2022 and is subject to the terms and conditions applicable to loans administered by the SBA under the PPP. Under the terms of the PPP, certain amounts of the PPP Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act. The PPP Loan is included in notes payable on the consolidated balance sheet. Receivables Financing On February 21, 2020, the Company entered into a receivables financing arrangement for certain receivables of the Company not to exceed $1,250,000 at any one time. The agreement allows for borrowings up to 85% of the outstanding receivable based on the credit quality of the customer. The fee is between 1% and 2% of the total invoices financed. The balance at December 31, 2020 is $367,976. On March 31, 2021, the Company fully paid off the remaining balance. In April 2019, the Company entered into a receivables financing arrangement for certain receivables of the Company. The agreement allows for borrowings up to 80% of the outstanding receivable based on the credit quality of the customer. The fee is between 1% and 2% of the total invoices financed. The balance at December 31, 2020 is $0. On November 12, 2019, the Company entered into a Receivables Purchase Agreement with a financial institution (the “Receivables Purchase Agreement”), whereby the Company agreed to the sale of $250,000 of receivables for $200,000. The proceeds were used for general working capital. On August 12, 2020, the Company entered into an Amendment to the Purchase of Inventory and Repurchase Agreement (the “Amendment”). Under the terms of the Amendment, (i) the repurchase date is extended to December 10, 2020; and (ii) the Company agreed to pay the Purchaser-Assignee a commitment fee of $13,053, and (iii) the Company agreed to pay the Purchaser-Assignee 2% per month for extension periods commencing July 1, 2020 through December 10, 2020. The balance at December 31, 2020 is $128,077. On November 18, 2019, the Company entered into a Future Receivables Purchase Agreement with a financial institution (the “Future Receivables Purchase Agreement”), whereby the Company agreed to the sale of $337,500 of receivables for $250,000. The proceeds were used to fund our receivables for overseas distributors. Christopher B. Ferguson, our Chairman and Chief Executive Officer, personally guaranteed the prompt and complete performance of the Company’s obligations under the Future Receivables Purchase Agreement. The balance at December 31, 2020 is $0. Line of Credit On the Effective Date, the Company (as “Guarantor”) entered into a Secured Line of Credit Agreement (the “Credit Agreement”) with Global and PPE. Under the terms of the Credit Agreement, PPE is to make available to Global a revolving credit loan in a principal aggregate amount at any one time not to exceed $2,500,000. Upon each drawdown of funds against the credit line, Global shall issue a Promissory Note (the “Note”) to PPE. The Note shall accrue interest at 3% per annum and have a maturity date of six (6) months. In the event of a default, any and all amounts due to PPE by Global, including principal and accrued but unpaid interest, shall increase by forty (40%) percent and the interest shall increase to five (5%) percent (the “Default Interest”). The balance at December 31, 2020 is $1,133,652. The scheduled maturities of the debt for the next five years as of December 31, 2020, are as follows: For the Years Ended December 31, Amount 2021 $ 4,852,023 2022 1,987,520 2023 1,440,275 2024 - 2025 - Thereafter - $ 8,279,818 Less: debt discount (349,341 ) $ 7,930,477 For the year ended December 31, 2020, interest expense was $3,378,130 of which $314,415 was related party interest expense. For the year ended December 31, 2019 interest expense was $1,298,168 of which $320,781 was related party interest expense.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 14 — Income Taxes Vinco Ventures, Inc. is taxed as a corporation and pays corporate federal, state and local taxes on income allocated to it from Fergco, Edison Nation Holdings, LLC, Edison Nation, LLC, Safe TV Shop, LLC, Everyday Edisons, LLC, Pirasta, LLC, Global Clean Solutions, LLC, TBD Safety, LLC and Honey Badger Media, LLC based upon Vinco Ventures, Inc.’s economic interest in those entities. Edison Nation Holdings, LLC and its subsidiaries are disregarded limited liability corporation entities for income tax purposes. Accordingly, EN was not subject to income taxes prior to the acquisition on September 4, 2018 and the results of operations were not material therefore the tax provision related to the United States income is only for the post-acquisition period. TBD Safety, LLC is a disregarded limited liability corporation entity for income tax purposes. Accordingly, TBD was not subject to income taxes prior to the acquisition on October 16, 2020 and the results of operations were not material therefore the tax provision related to the United States income is only for the post-acquisition period. Global Clean Solutions, LLC and Honey Badger Media, LLC are disregarded limited liability corporation entities for income tax purposes. Global Clean Solutions, LLC and Honey Badger Media, LLC were newly formed entities in 2020 and therefore were not subject to income taxes prior to formation. United States and foreign components of income before income taxes were as follows: For the Years Ended December 31, 2020 2019 United States $ (6,287,903 ) $ (14,210,716 ) Foreign - - Income before income taxes $ (6,287,903 ) $ (14,210,716 ) The tax effects of temporary differences that give rise to deferred tax assets or liabilities are presented below: For the Years Ended December 31, 2020 2019 Deferred tax assets: Stock-based compensation $ 1,025,745 $ 987,747 Operating lease liabilities 32,653 158,430 Net operating loss carryforwards 3,567,490 2,324,863 Less: valuation allowance (3,787,252 ) (2,424,196 ) Net deferred tax assets $ 838,636 $ 1,046,844 Deferred tax liabilities: Right of use assets (32,137 ) (153,741 ) Goodwill and intangible assets (724,395 ) (811,000 ) Property and equipment $ (82,103 ) $ (82,103 ) Net deferred tax liabilities $ (838,636 ) $ (1,046,844 ) Net deferred taxes $ - $ - As of December 31, 2020 and 2019, the Company had $14,811,423 and $9,675,770 of federal net operating loss carryforwards and $12,911,504 and $7,532,274 of state net operating loss carryforwards for income tax purposes, respectively. In connection with the IPO the Company does not believe the ownership change resulted in the loss of past net operating loss carryforwards. The above net operating loss carryforwards may be subject to an annual limitation under Section 382 and 383 of the Internal Revenue Code of 1986, and similar state provisions if the Company experiences one or more ownership changes. The Company believes the goodwill acquired in the Edison Nation Holdings acquisition is deductible for tax purposes. The Company evaluates its ability to realize deferred tax assets on a quarterly basis and establishes a valuation allowance when it is more likely than not that all or a portion of a deferred tax asset may not be realized. As of December 31, 2020 and 2019, the Company has recorded a net deferred tax asset of $2,948,616 and $1,377,352, respectively. However, these net deferred tax assets will only be utilized to the extent the Company generates sufficient taxable income. As of December 31, 2020 and 2019, the Company established a valuation allowance in the amount of $3,787,252 and $2,424,196, respectively, against the net deferred tax asset as it is not more likely than not that it is realizable based on current available evidence. The income tax provision (benefit) consists of the following: For the Years Ended December 31, 2020 2019 Current: Federal $ - $ - Foreign - - State and local 19,197 (22,373 ) Total current $ 19,197 $ (22,373 ) Deferred: Federal $ (1,166,562 ) $ (896,468 ) Foreign - - State and local (196,494 ) (333,141 ) Less: valuation allowance 1,363,056 1,229,609 Total deferred $ - $ - Income tax provision (benefit) $ 19,197 $ (22,373 ) A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows: For the Years Ended December 31, 2020 2019 Tax at federal statutory rate 21.0 % 21.0 % Effect of U.S. tax law change 0.0 % 0.0 % U.S. income subject to valuation allowance -20.9 % -14.6 % State and local income taxes -0.3 % 0.2 % Foreign income not subject to U.S. federal tax 0.0 % 0.0 % Foreign tax 0.0 % 0.0 % Nondeductible expenses -0.1 % -6.5 % Other 0.0 % 0.0 % Effective income tax rate -0.3 % 0.1 % The statutory federal income tax rate differs from the Company’s effective tax rate due to the valuation allowance related to deferred tax assets.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 15 — Related Party Transactions Forever 8 Fund, LLC On November 17, 2020, the Company, through its subsidiary, Edison Nation, LLC (the “Vendor”), entered into an Inventory Management Agreement (the “Agreement”) with the Forever 8 Fund, LLC (“F8”), an entity which our President holds a 45% ownership interest. Under the terms of the Agreement, F8 desires to maintain inventory of and sell to Vendor certain Products pursuant to the terms and conditions set forth in the Agreement. As consideration for the inventory management services provided under this Agreement, Vendor agrees to pay F8 a fee for each unit of each Product sold on a Platform determined in accordance with the fee schedule set forth in the applicable Product Schedule (the “Fee Schedule”) based on the Age of Inventory Sold set forth on the Fee Schedule (the “F8 Fees”). Prior to the signing of the agreement, F8 advanced the Vendor $239,283 that was utilized to pay for deposits with the Vendors factories. This Agreement shall commence on the Effective Date and shall continue in full force and effect until January 31, 2022 (the “Initial Term”), unless terminated earlier as provided in this Agreement. The balance outstanding at December 31, 2020 is $155,768. NL Penn Capital, LP and SRM Entertainment Group LLC As of December 31, 2020 and December 31, 2019, due to related party consists of net amounts due to SRM Entertainment Group LLC (“SRM LLC”) and NL Penn Capital, LP (“NL Penn”), the majority owner of both, which are owned by Chris Ferguson, our Chairman and Chief Executive Officer. The amount due to NL Penn was assigned to TXC Services, LLC. The amount due to related parties is related to the acquisitions of Pirasta, LLC and Best Party Concepts, LLC offset by operating expenses that were paid by SRM and the Company on behalf of SRM LLC and NL Penn. As of December 31, 2020 and December 31, 2019, the net amount due to related parties was $32,452 and $17,253, respectively. Such amounts are due currently. NL Penn and affiliated entities may lend additional capital to the Company pursuant to terms and conditions similar to the current working capital lenders to the Company such as Franklin Capital. In addition, the Company borrows working capital from Franklin Capital, and Mr. Ferguson is a personal guarantor on the working capital facility provided to the Company by Franklin Capital. Please see Note 17 — Discontinued Operations Enventys Partners, LLC On August 1, 2018, the Company entered into a one-year letter agreement with Enventys Partners, LLC, a North Carolina limited liability company (“Enventys”), whereby Enventys agreed to provide services to the Company as an independent contractor in the areas of product development and crowdfunding campaign marketing. During the term of the Enventys Agreement, the Company shall pay Enventys a fixed fee of $15,000 per month for product development assistance, including design research, mechanical engineering and quality control planning. Depending on the success of each campaign, the Company may also pay Enventys a commission of up to ten percent of the total funds raised in the applicable campaign. Louis Foreman, who is a member of the Company’s board of director, is also the Chief Executive Officer and the largest equity holder of Enventys. We incurred fees of approximately $97,500 related to the services performed by Enventys for the year ended December 31, 2019. During 2019, the Company and Enventys agreed to the cancellation of the agreement. The balance outstanding at December 31, 2020 is $105,424.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 16 — Commitments and Contingencies Operating Lease The Company has entered into non-cancellable operating leases for office, warehouse, and distribution facilities, with original lease periods expiring through 2022. In addition to minimum rent, certain of the leases require payment of real estate taxes, insurance, common area maintenance charges, and other executory costs. Differences between rent expense and rent paid are recognized as adjustments to operating lease right-of-use assets on the consolidated balance sheets. On June 6, 2018, the Company’s wholly owned subsidiary, Best Party Concepts, LLC, entered into a lease for office space in Newtown, PA, which expired on May 30, 2020. On August 1, 2020, the Company entered into a lease for warehouse space in Clearwater, Florida, which expires on July 31, 2022. Monthly lease payments are approximately $5,994 for a total of approximately $137,836 for the total term of the lease. On July 1, 2019, the Company entered into a lease for office space in Bethlehem, Pennsylvania, which expires on July 31, 2022. Monthly lease payments are $2,415 for a total of approximately $89,000 for the total term of the lease. Total rent expense for the years ended December 31, 2020 and 2019 was $368,029 and $451,711, respectively. Rent expense is included in general and administrative expense on the consolidated statements of operations. As of December 31, 2020, the Company recorded operating lease liabilities of $155,490 and right of use assets for operating leases of $153,034. During the year ended December 31, 2020 and 2019, operating cash outflows relating to operating lease liabilities was $345,628 and $307,478, respectively, and the expense for right of use assets for operating leases was $261,815 and $295,106, respectively, and a gain of $27,129 and $0 related to the termination of lease agreements in 2020. As of December 31, 2020, the Company’s operating leases had a weighted-average remaining term of 1.6 years and weighted-average discount rate of 4.5%. Excluded from the measurement of operating lease liabilities and operating lease right-of-use assets were certain office, warehouse and distribution contracts that qualify for the short-term lease recognition exception. The following is a reconciliation of future undiscounted cash flows to the operating liabilities, and the related right of use assets, included in our Consolidated Balance Sheets as of December 31, 2020: December 31, 2020 2021 101,798 2022 59,596 2023 - 2024 - 2025 - 2026 and thereafter - Total future lease payments 161,394 Less: imputed interest (5,904 ) Present value of future operating lease payments 155,490 Less: current portion of operating lease liabilities (96,777 ) Operating lease liabilities, net of current portion 58,713 Right of use assets – operating leases, net 153,035 Rental Income Fergco leases a portion of the building located in Washington, New Jersey that it owns under a month to month lease. Total rental income related to the leased space for both the years ended December 31, 2020 and 2019 was $102,815 and $102,815, respectively, and is included in other income on the consolidated statements of operations. Legal Contingencies The Company is involved in claims and litigation in the ordinary course of business, some of which seek monetary damages, including claims for punitive damages, which are not covered by insurance. For certain pending matters, accruals have not been established because such matters have not progressed sufficiently through discovery, and/or development of important factual information and legal information is insufficient to enable the Company to estimate a range of possible loss, if any. An adverse determination in one or more of these pending matters could have an adverse effect on the Company’s consolidated financial position, results of operations or cash flows. We are, and may in the future become, subject to various legal proceedings and claims that arise in or outside the ordinary course of business. Oceanside Traders, LLC v. Cloud b, Inc. and Vinco Ventures, Inc. f/k/a Edison Nation, Inc. On April 14, 2020, Oceanside Traders, LLC filed a complaint against Cloud B, Inc. and Vinco Ventures, Inc. with the Superior Court of Ocean County, State of New Jersey, alleging breach of contract and other claims resulting in total damages in the amount of $440,383, consisting of $141,007 for failure to pay plaintiff for goods sold, for $138,180 for overpayments and $161,196 for lost profits. On November 9, 2020, Plaintiff filed an amended complaint, adding other defendants, alleging breach of contract, breach of covenant of good faith and fair dealing, quasi-contract/unjust enrichment, conversion, fraud, negligent misrepresentation, fraudulent transfer, and piercing the corporate veil. On December 4, 2020, Vinco Ventures, Inc. filed its amended answer. On December 28, 2020, the other defendants filed a motion to dismiss on jurisdictional grounds which is currently pending before the court. On February 24, 2021, the Company entered into a Settlement Agreement and General Release of All Claims (the “Settlement Agreement”) with Edison Nation, LLC, Pearl 33 Holdings, LLC and Christopher Ferguson (collectively, the “Settling Defendants”) and Oceanside Traders, LLC (the “Plaintiff”). Under the terms of the Settlement Agreement, the Settling Defendants agreed to pay the Plaintiff the sum of $150,000 within one business day of execution of the Settlement Agreement. In exchange, the Plaintiff agreed to dismiss the Amended Complaint in its entirety and with prejudice against the Settling Defendants. The Company made payment in the amount of $150,000 on February 25, 2021. Rosenberg Fortuna & Laitman, LLP and Mark Principe v. Safe TV, LLC On March 13, 2019, Rosenberg Fortuna & Laitman, LLP and Mark Principe filed a complaint against Safe TV Shop, LLC with the Supreme Court of the State of New York, County of Nassau alleging a breach of indemnification arising out of the use of a certain packaging material. On February 12, 2020, the parties entered a Stipulation and Settlement and Consent Agreement for a Consent Judgment in the amount of $50,000. Safe TV, LLC has no assets and there have been no operations by Safe TV, LLC since the date of acquisition by Vinco Ventures, Inc. On April 5, 2021, the Company, through Safe TV Shop, LLC, entered into a Settlement Agreement and Release of Claims (the “Settlement”). Under the terms of the Settlement, the Company is to make payment in the amount of $25,000 on or before April9, 2021. The Company made payment in the amount of $25,000 on April 8, 2021. Gerald Whitt, et al. v. Vinco Ventures, CBAV1, LLC, et al. On October 27, 2020, Gerald Whitt, et al, the minority shareholders of Cloud b Inc. (“Whitt Plaintiffs”) filed a civil complaint in the Superior Court of the State of California against Vinco Ventures, Inc., CBAV1, LLC and other parties, alleging fraudulent concealment, breach of fiduciary duty, breach of contract, breach of confidence, intentional misrepresentation, negligent misrepresentation, unfair business practices and civil conspiracy (the “ Whitt Complaint In re CBAV1, LLC, Debtor, Chapter 11 Bankruptcy/In re Cloud b, Inc., Debtor Chapter 7 Bankruptcy On October 30, 2020, CBAV1, LLC filed a voluntary petition under Chapter 11 of title 11 of the United States Code, as amended (the “ Bankruptcy Code Vinco Ventures, Inc., et al. v. Milam Knecht & Warner, LLP, Michael D. Milam, Gerald Whitt, Alexander Whitt, et al. On December 31, 2020, Vinco Ventures, Inc., and other parties, filed a complaint against the Whitt Plaintiffs, and other parties, with the United States District Court for Eastern District of Pennsylvania, alleging intentional misrepresentation, negligent misrepresentation, negligence, conspiracy, unfair business practices, abuse of process, civil extortion, trade libel and defamation.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Stockholders' Equity	Note 17 — Stockholders’ Equity Common Stock The Company is authorized to issue 250,000,000 shares of common stock. As of December 31, 2020 and 2019, there were 14,471,403 and 8,015,756 shares of common stock issued and outstanding, respectively. Preferred Stock On March 25, 2020, the Company filed a certificate of amendment to the Company’s articles of incorporation with the Secretary of State of the State of Nevada in order to: (i) increase the number of shares of the Company’s authorized preferred stock, par value $0.001 per share, from 0 shares to 30,000,000 shares of preferred stock; (ii) clarify the application of the forum selection clause in the Company’s amended and restated articles of incorporation, specifically that such clause does not apply to federal causes of actions arising under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (the “Exchange Act”); and (iii) include affirmative changes to correspond to the Company’s First Amended and Restated Bylaws, confirming that the Company’s shareholders may vote by written consent. On October 16, 2020, the Company filed a Certificate of Designation (the “Designation”) with the Secretary of State of Nevada, which designates 1,000,000 shares of the Company’s preferred stock, par value $0.001 per share, as Series B Convertible Preferred Stock (“Series B”). Pursuant to the terms of the Designation, holders of the Series B shall be entitled to dividends, a liquidation preference and shall have conversion rights. Each share of Series B shall be convertible into 1 share of Common Stock, on or after the twelve-month anniversary of the Original Issue Date at the option of the Holder thereof, for a total not to exceed 1,000,000 shares of Common Stock. The holders of the Series B shall have no voting rights. As of December 31, 2020 and 2019, there were 764,618 and 0 shares of preferred stock issued and outstanding, respectively. Stock-Based Compensation On September 6, 2018, the Company’s board of directors approved an amendment and restatement of the Company’s omnibus incentive plan solely to reflect the Company’s name change to Edison Nation, Inc. Thus, the Edison Nation, Inc. Omnibus Incentive Plan (the “Plan”) which remains effective as of February 9, 2018, provides for the issuance of up to 1,764,705 (287,659 remaining as of April 9, 2021) shares of common stock to help align the interests of management and our stockholders and reward our executive officers for improved Company performance. Stock incentive awards under the Plan can be in the form of stock options, restricted stock units, performance awards and restricted stock that are made to employees, directors and service providers. Awards are subject to forfeiture until vesting conditions have been satisfied under the terms of the award. The exercise price of stock options is equal to the fair market value of the underlying Company common stock on the date of grant. On July 15, 2020, the Company filed a Registration Statement on Form S-8 registering 1,764,705 (258,376 remaining as of April 9, 2021) shares of common stock to be issued as stock-based incentives under the Company’s Amended and Restated Vinco Ventures, Inc. Omnibus Incentive Plan. On September 26, 2018, the Compensation Committee of the board of directors approved the terms of compensation to be paid to non-employee directors for fiscal year 2018. Compensation for non-employee directors includes an annual retainer of $20,000, an annual committee meeting fee of $5,000, if such director chairs a committee of the board of directors, and an award of options to purchase 20,000 shares of the Company’s common stock (the “Options”). The restricted stock underlying such Options were to vest one year after the grant date. However, the Options were never granted. Accordingly, On November 15, 2019, in lieu of granting the Options, the Company granted each member of the board of directors restricted stock units of 20,000 shares which vested immediately, except for Toper Taylor who received 30,000 shares in November 2019, related to the share amounts due to him under the terms of his agreement with us. In addition, the Company granted each non-employee director restricted stock units of 30,000 shares, which vested on January 1, 2020. For the Twelve Months 2020 2019 Stock option awards $ 46,605 $ 175,675 Non-employee awards 3,100,255 1,564,670 Restricted stock unit awards 68,400 447,300 Phantom stock awards 26,504 112,270 $ 3,241,764 $ 2,299,915 The stock-based compensation is included in selling, general and administrative expense for the twelve months ended December 31, 2020 and 2019. For the years ended December 31, 2020 and, the Company recorded stock-based compensation expense of $3,241,764 and $2,299,915, respectively, The following table summarizes stock option award activity during 2020: Shares Weighted Average Exercise Price Remaining Contractual Life in Years Aggregate Intrinsic Value Balance, January 1, 2019 290,000 $ 5.55 4.2 - Granted - - - - Forfeited (210,000 ) 5.00 - - Balance, December 31, 2019 80,000 $ 7.01 2.7 - Exercisable, December 31, 2019 53,333 7.01 3.7 - Granted - - - - Forfeited - - - - Balance, December 31, 2020 80,000 7.01 2.7 - Exercisable, December 31, 2020 80,000 7.01 2.7 - As of December 31, 2020, there were 0 unvested options to purchase shares of the Company’s common stock and $0 of total unrecognized equity-based compensation expense that the Company expected to recognize over a remaining weighted-average period of 1 year. From time to time, the Company grants shares of common stock to consultants and non-employee vendors for services performed. The awards are valued at the market value of the underlying common stock at the date of grant and vest based on the terms of the contract which is usually upon grant. Pipe Financing On October 2, 2019, Edison Nation, Inc. (the “Company”) entered into a Share Purchase Agreement (the “PIPE Purchase Agreement”) with certain accredited investors (collectively, the “Investors”) for the private placement of 1,175,000 shares of the Company’s common stock, $0.001 par value per share, at a purchase price of $2.00 per share (the “PIPE Transaction”). The PIPE Purchase Agreement contained certain closing conditions relating to the sale of securities, representations and warranties by the Company and the Investors, as well as covenants of the Company and the Investors (including indemnification from the Company in the event of breaches of its representations and warranties), all of which the Company believes are customary for transactions of this type. In a series of three closings conducted in October 2019, the Company received net proceeds of $2,039,303 which consisted of $2,350,000 of gross proceeds offset by $310,697 of fees to placement agent and their lawyers. Alexander Capital, LP (“Alexander Capital”), a FINRA registered broker dealer, acted as placement agent with respect to the PIPE Transaction. In connection with the PIPE Transaction, Alexander Capital received a commission of $141,000, a debt restructuring fee of $64,208, a debt conversion fee of 15,889, a placement fee of $33,600 and warrants to purchase 70,500 shares of the Company’s common stock, at an exercise price of $2.50 per share (the “Placement Agent Warrants”). In connection with the PIPE Purchase Agreement, the Company entered into Registration Rights Agreements with each of the Investors (the “Registration Rights Agreement”), pursuant to which the Company is required to prepare and file a registration statement (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, covering the resale of the shares of common stock issued to the Investors under the PIPE Purchase Agreement, as well as the Placement Agent Warrants. The Company will be required to have such Registration Statement declared effective by the SEC within 90 calendar days (or 120 calendar days in the event of a “full review” by the SEC) following the applicable closing date of the PIPE Transaction. The registration statement was not filed or declared effective within the timeframe set forth in the Registration Rights Agreements, and the Company is obligated to pay the Investors an amount equal to 1% of the total purchase price of the common stock per month (up to a maximum of 8% in the aggregate) until such failure is cured. The Registration Rights Agreement also contains mutual indemnifications by the Company and each Investor, which the Company believes are customary for transactions of this type. In connection with the PIPE transaction, the convertible notes entered into on May 13, 2019 were also converted at $2.00 per share into 560,185 shares of the Company’s common stock. In addition, the Company issued warrants to the placement agent in the PIPE Financing of a value equal to six percent (6%) of the aggregate number of PIPE Shares, whereby the exercise price is 125% of the price at which the shares were issued in such offering.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 18 — Discontinued Operations Discontinued operations are accounted for in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 360-10-35 Property, Plant and Equipment. In accordance with FASB ASC Section 360-10-35, the net assets of discontinued operations are recorded on our consolidated balance sheets at carrying value. The results of operations of discontinued operations are segregated from continuing operations and reported separately as discontinued operations in our consolidated statements of loss and comprehensive loss. On November 30, 2020, the Company (the “Seller”) and its wholly owned subsidiary, SRM Entertainment, LTD (“SRM”) entered into a Stock Exchange Agreement (the “Exchange Agreement”) with Jupiter Wellness, Inc. (“Jupiter”)(the “Buyer”). Under the terms of the Exchange Agreement, the Buyer agreed to purchase all outstanding shares of common stock (the “Exchange Shares”) issued by SRM from the Seller. As consideration for the purchase of the Exchange Shares, the Buyer agreed to exchange 200,000 shares of its restricted common stock (the “Consideration Shares”), symbol JUPW as listed on NASDAQ Capital Markets. The Company made the decision to divest the amusement park business due to the slow re-openings of amusement parks around the world and the investment that would have been needed to remain open and the investment required to relaunch as the amusement parks begin to get back to full capacity. The following table presents the carrying values of the assets and liabilities of our discontinued operations at December 31, 2020 and 2019, respectively: For the Twelve Months Ended December 31, 2020 2019 Assets Current assets: Cash and cash equivalents $ 43,405 $ 178,485 Accounts receivable, net 237,093 803,316 Inventory 77,710 126,739 Prepaid expenses and other current assets 42,104 31,667 Income tax receivable 120,211 147,889 Total current assets 520,523 1,288,096 Property and equipment, net 28,504 56,049 Total assets $ 549,027 $ 1,344,145 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 677,326 $ 1,382,055 Accrued expenses and other current liabilities 73,615 109,607 Line of credit - - Notes payable, current - - Due to related party - - Total current liabilities $ 750,941 $ 1,491,662 The following table presents the summary results of operations of our discontinued operations for the years ended December 31, 2020 and 2019, respectively: For the Twelve Months Ended December 31, 2020 2019 Revenues, net $ 2,727,346 $ 7,105,630 Cost of revenues 2,145,989 5,289,781 Gross profit 581,357 1,815,849 Operating expenses: Selling, general and administrative 1,211,050 1,824,645 Operating income (629,693 ) (8,796 ) Other (expense) income: Interest income 1 985 Total other (expense) income 1 985 Loss before income taxes (629,692 ) (7,811 ) Income tax expense (12,940 ) (2,826 ) Net (loss) income $ (642,632 ) $ (10,637 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 19 — Subsequent Events On January 5, 2021, the Company issued 750,000 shares of common stock valued at $1,125,000 as per the terms of the Platform License Agreement between the Company and Honey Badger Media, LLC dated November 10, 2020. On January 5, 2021, the Company issued 150,000 shares of common stock valued at $225,000 under the Company’s 2020 Omnibus Plan to a consultant for services rendered on behalf of the Company. On January 10, 2021, the Company entered into a Second Amendment to Note Agreement (the “Amendment”) with Equity Trust Company (the “Noteholder”). Under the terms of the Amendment, the Company is to issue the Noteholder 20,000 additional incentive shares and make payments of $20,000 on January 22, 2021 and $20,000 on February 12, 2021 with the remaining principal and interest payable on or before February 26, 2021. In the event the Company fails to make any of the payments, the Company shall issue the Noteholder an additional 15,000 shares of restricted common stock. The Company paid the Note in full on January 27, 2021. On January 11, 2021, the Company issued 100,000 shares of common stock valued at $150,000 under the Company’s 2020 Omnibus Plan to a consultant for services rendered on behalf of the Company. On January 19, 2021, the Company issued 200,000 shares of common stock valued at $300,000 for the partial exercise of the warrant issued in connection with the Greentree financing. On January 10, 2021, the Company entered into a Second Amendment to Note Agreement (the “Amendment”) with Richard O’Leary (the “Noteholder”). Under the terms of the Amendment, the Company is to issue the Noteholder 5,000 additional incentive shares and make payments of $5,000 per week beginning on January 25, 2021with the remaining principal and interest payable on or before February 26, 2021. In the event the Company fails to make any of the payments, the Company shall issue the Noteholder an additional 5,000 shares of restricted common stock. The Company paid the Note in full on January 27, 2021. On January 20, 2021, we entered into an Agreement to Complete a Plan of Merger (the “Merger Agreement”) with ZASH Global Media and Entertainment Corporation (“ZASH”) and Vinco Acquisition Corporation, a subsidiary of ours formed for the sole purpose of the merger contemplated by the Merger Agreement (the Merger Sub”). The Merger Agreement contemplates a reverse triangular merger of Merger Sub with and into ZASH in a transaction intended to qualify as a tax-free reorganization under Sections 368(a)(l)(A) and 368(a)(2)(E) of the Internal Revenue Code. Under the terms of the Merger Agreement, the holders of ZASH common stock will receive shares of the Company’s common stock (the “Merger Shares”) in exchange for all of their issued and outstanding ZASH shares of common stock. ZASH will then become an indirect wholly owned subsidiary of the Company. The merger will represent a change of control transaction as upon the completion of the merger, the shareholders of ZASH will own a controlling interest in the Company. The merger and the issuance of the Merger Shares are subject to adoption and approval by the holders of a majority of the outstanding shares of the Company’s common stock. In connection with the merger, the certificate of incorporation of the Company will be amended and restated, and the name of the Company will be changed to “ZASH Global Media and Entertainment Corporation.” The bylaws of the Company will also be amended and restated to become the equivalent of the bylaws of ZASH immediately prior to the closing under the Merger Agreement (the “Closing”). At the Closing, certain officers and directors of the Company immediately prior to the effective time of the merger will resign and the officers and directors of ZASH immediately prior to the Closing will be appointed as officers and directors of the Company and the surviving corporation in the merger, in each case until their respective successors are duly elected or appointed and qualified; provided, however that the Company shall have the right to appoint two persons to serve as members of the board of directors of the Company and ZASH will have the right to appoint three persons to serve as members of the board of directors of the Company. On January 20, 2021, the Company issued 27,415 shares of common stock valued at $43,041 to Jefferson Street Capital, LLC in satisfaction of its debt and accrued interest of the approximate same value against a note issued on April 7, 2020. On January 21, 2021, the Company issued 58,000 shares of common stock valued at $87,000 to a consultant for services rendered on behalf of the Company. On January 21, 2021, the Company issued 350,000 shares of common stock valued at $525,000 for the partial exercise of the warrant issued in connection with the Greentree financing. On January 22, 2021, the Company issued 51,129 shares of common stock valued at $76,694 for the exercise of the placement agent warrant issued in connection with the Greentree financing. On January 22, 2021, the Company issued 67,744 shares of common stock valued at $101,616 for the exercise of the placement agent warrant issued in connection with the Greentree financing. On January 22, 2021, the Company issued 20,358 shares of common stock valued at $30,537 for the exercise of the placement agent warrant issued in connection with the Greentree financing. On January 22, 2021, the Company issued 20,358 shares of common stock valued at $30,537 for the exercise of the placement agent warrant issued in connection with the Greentree financing. On January 22, 2021, the Company issued 50,000 shares of common stock valued at $100,000 for the exercise of a warrant. On January 25, 2021 (the “Effective Date”), Vinco Ventures Inc. (the “Company”) consummated the closing of a private placement offering (the “Offering”) whereby pursuant to the Securities Purchase Agreement (the “Purchase Agreement”) entered into by the Company on January 21, 2021 with one accredited investor (the “Investor”), the Company issued a Senior Convertible Note for the purchase price of $12,000,000 (the “Note”) and a five (5) year warrant (the “Warrant”) to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”). The Note carries an interest rate of 6% per annum and matures on the 12-month anniversary of the Issuance Date (as defined in the Note). The Note contains a voluntary conversion mechanism whereby the Noteholder may convert at any time after the Issuance Date, in whole or in part, the outstanding balance of the Note into shares of the Common Stock at a conversion price of $2.00 per share (the “Conversion Shares”). The Note shall be a senior obligation of the Company and its subsidiaries. The Note contains customary events of default (each an “Event of Default”). If an Event of Default occurs, interest under the Note will accrue at a rate of twelve percent (12%) per annum and the outstanding principal amount of the Note, plus accrued but unpaid interest, liquidated damages and other amounts owing with respect to the Note will become, at the Note holder’s election, immediately due and payable in cash. Upon completion of a Change of Control (as defined in the Note), the Note’s holder may require the Company to purchase any outstanding portion of the Note in cash at a price in accordance with the terms of the Note. Subsequent to the issuance of the Note, the Investor has converted $11,000,000 principal as of the date of this filing. Pursuant to the Purchase Agreement, the Investor received a Warrant in an amount equal to 250% of the shares of Common Stock initially issuable to each Investor pursuant to the Investor’s Note. The Warrant contains an exercise price of $2.00 per share. In connection with the closing of the Offering, the Warrant was issued to purchase an aggregate of 15,000,000 shares of Common Stock (the “Warrant Shares”). The Company also entered into a Registration Rights Agreement with the Investor (the “Registration Rights Agreement”). The Registration Rights Agreement provides that the Company shall (i) file with the Securities and Exchange Commission (the “Commission”) a Registration Statement by 30 days following the Closing Date to register the Conversion Shares and Warrant Shares (the “Registration Statement”); and (ii) use all commercially reasonable efforts to have the Registration Statement declared effective by the Commission within 60 days following the Closing Date or at the earliest possible date, or 75 days following the Closing Date if the Registration Statement receives comments from the Commission. Palladium Capital Group, LLC (the “Placement Agent”) acted as placement agent for the Offering. The Placement Agent received cash compensation of $1,080,000 (8% of the gross proceeds to the Company plus an additional 1% of the gross proceeds to the Company for non-accountable expenses). The Placement Agent also received a Warrant in an amount equal to 8% of the shares of Common Stock initially issuable to each Investor pursuant to the Investor’s Note. On January 29, 2021 (the “Effective Date”), the Company consummated the closing of a private placement offering of $3,300,000 (the “Offering”) whereby pursuant to the Securities Purchase Agreement (the “SPA”) entered into by the Company on January 28, 2021 with BHP Capital NY Inc (the “Investor”), the Company issued 1,500,000 shares of restricted common stock and a five (5) year warrant (the “Warrant”) to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”). Pursuant to the SPA, the Investor received a Warrant in an amount equal to 100% of the shares of Common Stock issued to the Investor under the SPA. The Warrant contains an exercise price of $2.20 per share. In connection with the closing of the Offering, the Warrant was issued to purchase an aggregate of 1,500,000 shares of Common Stock (the “Warrant Shares”). The Company also entered into a Registration Rights Agreement with the Investor (the “Registration Rights Agreement”). The Registration Rights Agreement provides that the Company shall (i) file with the Securities and Exchange Commission (the “Commission”) a Registration Statement by 30 days following the Closing Date to register the Conversion Shares and Warrant Shares (the “Registration Statement”); and (ii) use all commercially reasonable efforts to have the Registration Statement declared effective by the Commission within 60 days following the Closing Date or at the earliest possible date, or 75 days following the Closing Date if the Registration Statement receives comments from the Commission. On January 29, 2021, the Company issued 100,000 shares of common stock valued at $327,000 to a consultant for services rendered on behalf of the Company. On February 1, 2021, the Company issued 27,415 shares of common stock valued at $87,454 to Jefferson Street Capital, LLC in satisfaction of its debt and accrued interest of the approximate same value against a note issued on April 7, 2020. On February 2, 2021, the Company issued 100,000 shares of common stock valued at $319,000 for settlement of investment banking services. On February 2, 2021, the Company issued 209 shares of common stock for a cashless exercise of a warrant. On February 2, 2021, the Company entered into an Employment Agreement (the “Agreement”) with Christopher Ferguson (the “Executive”) for the role of Chief Executive Officer. The Agreement is effective as of November 12, 2020 (the “Effective Date”) and has a term of three (3) years (the “Term”) from the Effective Date. Thereafter, the Agreement shall automatically be renewed and the Term shall be extended for additional consecutive terms of 1 year (each a “ Renewal Term Base Salary Principal Market On February 2, 2021, the Company entered into an Employment Agreement (the “Agreement”) with Brett Vroman (the “Executive”) for the role of Chief Financial Officer. The Agreement is effective as of November 12, 2020 (the “Effective Date”) and has a term of three (3) years (the “Term”) from the Effective Date. Thereafter, the Agreement shall automatically be renewed and the Term shall be extended for additional consecutive terms of 1 year (each a “ Renewal Term Base Salary Principal Market On February 2, 2021, the Company entered into an Employment Agreement (the “Agreement”) with Brian Mc Fadden (the “Executive”) for the role of Chief Strategy Officer. The Agreement is effective as of November 12, 2020 (the “Effective Date”) and has a term of three (3) years (the “Term”) from the Effective Date. Thereafter, the Agreement shall automatically be renewed and the Term shall be extended for additional consecutive terms of 1 year (each a “ Renewal Term Base Salary Principal Market On February 2, 2021, the Company filed an Amendment to the Certificate of Designation (the “Amendment”) for the Company’s Series B Convertible Preferred Stock (“Preferred Stock”). Under the Amendment, each share of Preferred Stock shall entitle the holder thereof to vote on all matters voted on by the holders of Common Stock, voting together as a single class with other shares entitled to vote at all meetings of the stockholders of the Corporation. With respect to any such vote, each share of Preferred Stock shall entitle the holder thereof to cast the number of votes equal to the number of whole shares of Common Stock into which such shares of Preferred Stock are then convertible (the “Conversion Shares”). Such right may be exercised at any annual meeting or special meeting, or pursuant to any written consent of stockholders. On February 4, 2021, the Company issued 243,483 shares of common stock valued at $486,966 as true up shares in connection with the Greentree financing. On February 4, 2021, the Company issued 25,000 shares of common stock valued at $40,750 as incentive shares for a Note Agreement dated November 2, 2020. On February 4, 2021, the Company issued 25,000 shares of common stock valued at $31,250 to a consultant for services rendered on behalf of the Company. On February 4, 2021, the Company issued 255,000 shares of common stock valued at $351,900 to certain employees for services rendered on behalf of the Company. On February 4, 2021, the Company issued 210,000 shares of common stock valued at $287,700 to Directors of the Company’s Board of Directors for services rendered. On February 4, 2021, the Company issued 150,000 shares of common stock valued at $205,500 to a consultant for services rendered on behalf of the Company. On February 18, 2021, the Company issued 13,705 shares of common stock valued at $52,764 to certain employees for services rendered on behalf of the Company. On February 18, 2021, the Company issued 25,000 shares of common stock valued at $50,000 for the exercise of a warrant. On February 19, 2021, the Company issued 25,000 shares of common stock valued at $99,750 for the extended use of a trademark. On February 23, 2021, the Company issued 25,000 shares of common stock valued at $68,500 for expenses related to a joint venture. On February 23, 2021, the Company issued 60,000 shares of common stock valued at $231,000 to the Company’s counsel for services rendered on behalf of the Company. On February 23, 2021, the Company issued 450,000 shares of common stock valued at $792,000 to certain employees as per the terms of their employment agreements. On February 23, 2021 (the “Effective Date”), Vinco Ventures, Inc. (the “Company”) consummated the closing of a private placement offering (the “Offering”) whereby pursuant to the Securities Purchase Agreement (the “Purchase Agreement”) entered into by the Company on February 18, 2021 with one accredited investor (the “Investor”), the Company issued a Senior Convertible Note for the purchase price of $10,000,000 (the “Note”) and five (5) year warrants (the “Warrant”) to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”). The Note carries an interest rate of 6% per annum compounding monthly and matures on February 23, 2022. The Note contains a voluntary conversion mechanism whereby the Noteholder may convert at any time after the Issuance Date, in whole or in part, the outstanding principal and interest under the Note into shares of the Common Stock at a conversion price of $4.847 per share (the “Conversion Shares”). The Note shall be a senior unsecured obligation of the Company and its subsidiaries. The Note contains customary events of default (each an “Event of Default”). If an Event of Default occurs, interest under the Note will accrue at a rate of twelve percent (12%) per annum and the outstanding principal amount of the Note, plus accrued but unpaid interest, liquidated damages and other amounts owing with respect to the Note will become, at the Note holder’s election, immediately due and payable in cash. Upon completion of a Change of Control (as defined in the Note), the Note’s holder may require the Company to purchase any outstanding portion of the Note in cash at a price in accordance with the terms of the Note. On February 24, 2021, the Company entered into a Settlement Agreement and General Release of All Claims (the “Settlement Agreement”) with Edison Nation, LLC, Pearl 33 Holdings, LLC and Christopher Ferguson (collectively, the “Settling Defendants”) and Oceanside Traders, LLC (the “Plaintiff”). Under the terms of the Settlement Agreement, the Settling Defendants agreed to pay the Plaintiff the sum of $150,000 within one business day of execution of the Settlement Agreement. In exchange, the Plaintiff agreed to dismiss the Amended Complaint in its entirety and with prejudice against the Settling Defendants. The Company made payment in the amount of $150,000 on February 25, 2021. On March 2, 2021, the Company issued 1,505,502 shares of common stock valued at $3,011,004 to a noteholder for conversion against a convertible note. On March 2, 2021, the Company issued 150,000 shares of common stock valued at $187,500 to a consultant for services rendered on behalf of the Company. On March 2, 2021, the Company issued 16,667 shares of common stock valued at $20,000 to a director in satisfaction of compensation due for services as a director. On March 2, 2021, the Company issued 79,167 shares of common stock valued at $95,000 to a director in satisfaction of compensation due for services as a director. On March 2, 2021, the Company issued 83,333 shares of common stock valued at $100,000 to a director in satisfaction of compensation due for services as a director. On March 2, 2021, the Company issued 75,000 shares of common stock valued at $90,000 to a director in satisfaction of compensation due for services as a director. On March 2, 2021, the Company issued 5,000 shares of common stock valued at $7,850 to a noteholder as additional incentive shares as per terms of an amendment. On March 2, 2021, the Company issued 20,000 shares of common stock valued at $26,600 to a noteholder as additional incentive shares as per terms of an amendment. On March 2, 2021, the Company issued 10,000 shares of common stock valued at $13,900 to a noteholder as additional incentive shares as per terms of an amendment. On March 2, 2021, the Company issued 30,000 shares of common stock valued at $40,800 to an employee for services rendered on behalf of the Company. On March 2, 2021, the Company issued 50,000 shares of common stock valued at $68,000 to an employee for services rendered on behalf of the Company. On March 10, 2021 and March 11, 2021, the Company’s Cloud B intellectual property was auctioned via a bankruptcy sale of CBAV 1, LLC. On March 12, 2021, the bankruptcy court approved the sale of the CBAV1, LLC Assets to the winning bidder at the auction held for a total sum of $3,000,000, contingent upon a cash payment at closing which is anticipated on April 15, 2021 in the amount of $2,650,000 and additional payments in the amount of $150,000 on April 15, 2022 and $200,000 on April 15, 2023. The winning bidder, BTL Diffusion SARL (“BTL”), entered into a certain asset purchase agreement with CBAV1 and an asset purchase agreement with Edison Nation, LLC (“Edison APA”). Both APAs were contingent upon a first closing which required, among other things, BTL making a deposit in the amount of $700,000 to be held in escrow. On April 8, 2021, the first closing occurred and those funds are held in escrow and the second closing is scheduled for April 15, 2021. We currently do not have access to those funds until the close of the transaction. On March 12, 2021 the Company issued 100,167 shares of common stock valued at $200,334 to a noteholder for conversion against a convertible note. On March 18, 2021 the Company issued 150,425 shares of common stock valued at $300,850 to a noteholder for conversion against a convertible note. On March 19, 2021 the Company issued 250,750 shares of common stock valued at $501,500 to a noteholder for conversion against a convertible note. On March 19, 2021 the Company issued 501,750 shares of common stock valued at $1,003,500 to a noteholder for conversion against a convertible note. On March 19, 2021 the Company issued 1,003,667 shares of common stock valued at $2,007,334 to a noteholder for conversion against a convertible note. On March 19, 2021 the Company issued 1,003,667 shares of common stock valued at $2,007,334 to a noteholder for conversion against a convertible note. On March 19, 2021 the Company issued 1,003,667 shares of common stock valued at $2,007,334 to a noteholder for conversion against a convertible note. On March 26, 2021, the Company issued 96,000 shares of common stock valued at $192,000 upon partial exercise of a warrant issued to a placement agent. On March 30, 2021, the Company through its subsidiaries, Edison Nation, LLC CBAV1, LLC and Ferguson Containers (collectively, the “Obligors”), entered into a Termination Agreement (the “Agreement”) with CSNK Working Capital Finance (D/B/A Bay View Funding)(the “Buyer”). Under the terms of the Agreement, the Obligor shall remit payment in the amount of $14,135.05 to the Buyer as a Payout for early termination of the Factoring Agreement dated February 21, 2020. On March 30, 2021, the Company, Vinco Acquisition Corporation and ZASH entered into that certain First Amendment to Agreement to Complete a Plan of Merger, which amends the Merger Agreement dated January 20, 2021 to extend the closing date of the merger to on or about May 28, 2021. On March 31, 2021, the Company entered into three separate Consulting Agreements (the “Agreements”) with non-affiliated consultants to provide consulting services consisting of implementation of the Company’s business plan, investor relation services, introduction of potential investors, news distribution, markets and sales. Under the terms of the Agreements, each Consultant shall receive 50,000 shares of common stock upon execution of the Agreement and shall receive an additional 50,000 shares of common stock at the 60-day anniversary of each of the Agreements. The Agreements have a term of six (6) months. On April 5, 2021, the Company, through Safe TV Shop, LLC, entered into a Settlement Agreement and Release of Claims (the “Settlement”). Under the terms of the Settlement, the Company is to make payment in the amount of $25,000 on or before April9, 2021. The Company made the payment on April 8, 2021. On April 7, 2021, the Company issued 150,000 shares of common stock valued at $382,500 for consulting services as per the Consulting Agreements entered into on March 31, 2021. On April 7, 2021, the Company issued 525,541 shares of common stock valued at $924,952 to an employee as per the terms of an employment agreement. On April 7, 2021, the Company issued 475,451 shares of common stock valued at $836,794 to an employee as per the terms of an employment agreement. On April 7, 2021, the Company issued 597,273 shares of common stock valued at $1,051,200 to an employee as per the terms of an employment agreement.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Vinco Ventures, Inc. and its wholly-owned and majority owned subsidiaries. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are presented in US dollars. All intercompany balances and transactions have been eliminated.
Reclassifications	Reclassifications Certain amounts previously presented in the consolidated financial statements have been reclassified to conform to the current year presentation. Such reclassifications had no effect on the previously reported net loss, Stockholders’ equity or cash flows.
Use of Estimates	Use of Estimates Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, together with amounts disclosed in the related notes to the financial statements. The Company’s significant estimates used in these financial statements include, but are not limited to, accounts receivable reserves, the valuation allowance related to the Company’s deferred tax assets, the recoverability and useful lives of long-lived assets, debt conversion features, stock-based compensation, certain assumptions related to the valuation of the reserved shares and the assets acquired and liabilities assumed related to the Company’s acquisitions. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates.
Discontinued Operations	Discontinued Operations A component of an entity that is disposed of by sale or abandonment is reported as discontinued operations if the transaction represents a strategic shift that will have a major effect on an entity’s operations and financial results. The results of discontinued operations are aggregated and presented separately in the Consolidated Statement of Operations. Assets and liabilities of the discontinued operations are aggregated and reported separately as assets and liabilities of discontinued operations in the Consolidated Balance Sheet, including the comparative prior year period. The Company’s cash flows are reflected as cash flows from discontinued operations within the Company’s Consolidated Statements of Cash Flows for each period presented.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents in the consolidated financial statements. The Company has cash on deposits in several financial institutions which, at times, may be in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits of $250,000. The Company has not experienced losses in such accounts and periodically evaluates the creditworthiness of its financial institutions. The Company reduces its credit risk by placing its cash and cash equivalents with major financial institutions. The Company did not have any cash and cash equivalents uninsured at December 31, 2020 not covered by FDIC insurance limits as of December 31, 2020.
Accounts Receivable	Accounts Receivable Accounts receivable are carried at their contractual amounts, less an estimate for uncollectible amounts. Management estimates the allowance for bad debts based on existing economic conditions, historical experience, the financial conditions of the customers, and the amount and age of past due accounts. Receivables are considered past due if full payment is not received by the contractual due date. Past due accounts are generally written off against the allowance for bad debts only after all collection attempts have been exhausted. As of December 31, 2020, the largest customer represented 18% of total accounts receivable.
Inventory	Inventory Inventory is recorded at the lower of cost or net realizable value on a first-in, first-out basis. The Company reduces the carrying value of inventories for those items that are potentially excess, obsolete, or slow moving based on changes in customer demand, technology developments, or other economic factors.
Short-Term Investments	Short-Term Investments Short-term investments consisted of equity securities. The Company classified its investments as Trading securities. Accordingly, such investments were reported at fair market value, with the resultant unrealized gains and losses reported as a component of the consolidated statements of operations. Fair value for Trading securities was determined by reference to quoted market prices.
Property and Equipment, Net	Property and Equipment, Net Property and equipment are stated at cost, net of accumulated depreciation and amortization, which is recorded commencing at the in-service date using the straight-line method over the estimated useful lives of the assets, as follows: 3 to 5 years for office equipment, 5 to 7 years for furniture and fixtures, 6 to 10 years for machinery and equipment, 10 to 15 years for building improvements, 5 years for software, 5 years for molds, 5 to 7 years for vehicles and 40 years for buildings. When fixed assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the statements of operations for the respective period. Minor additions and repairs are expensed in the period incurred. Major additions and repairs which extend the useful life of existing assets are capitalized and depreciated using the straight-line method over their remaining estimated useful lives.
Long-Lived Assets	Long-Lived Assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Company assesses the recoverability of its long-lived assets using undiscounted cash flows. If an asset is found to be impaired, the amount recognized for impairment is equal to the difference between the carrying value and the asset’s fair value. The Company did not record any impairment charges related to long-lived assets during the years ended December 31, 2020 and 2019.
Goodwill and Intangible Assets	Goodwill and Intangible Assets We record intangible assets based on their fair value on the date of acquisition. Goodwill is recorded for the difference between the fair value of the purchase consideration over the fair value of the net identifiable tangible and intangible assets acquired. We perform an impairment assessment of goodwill on an annual basis, or whenever impairment indicators exist. In the absence of any impairment indicators, goodwill is assessed for impairment during the fourth quarter of each fiscal year. Judgments regarding the existence of impairment indicators are based on market conditions and operational performance of the business. We may assess our goodwill for impairment initially using a qualitative approach to determine whether it is more likely than not that the fair value of these assets is greater than their carrying value. When performing a qualitative test, we assess various factors including industry and market conditions, macroeconomic conditions and performance of our businesses. If the results of the qualitative assessment indicate that it is more likely than not that our goodwill and other indefinite-lived intangible assets are impaired, a quantitative impairment analysis would be performed to determine if impairment is required. We may also elect to perform a quantitative analysis of goodwill initially rather than using a qualitative approach. The impairment testing for goodwill is performed at the reporting unit level. The valuation methods used in the quantitative fair value assessment, discounted cash flow and market multiples method, requires our management to make certain assumptions and estimates regarding certain industry trends and future profitability of our reporting units. If the fair value of a reporting unit exceeds the related carrying value, the reporting unit’s goodwill is considered not to be impaired and no further testing is performed. If the carrying value of a reporting unit exceeds its fair value, an impairment loss is recorded for the difference. The valuation of goodwill is affected by, among other things, our business plan for the future and estimated results of future operations. Future events could cause us to conclude that impairment indicators exist, and, therefore, that goodwill may be impaired. Intangible assets include the cost of patents or patent rights (hereinafter, collectively “patents”) and trademarks. Patent and trademark costs are amortized utilizing the straight-line method over their remaining economic useful lives. Costs incurred related to patents prior to issuance are included in prepaid patent expense until the time the patent is issued and amortization begins or until management determines it is no longer likely the patent will be issued and amounts are expensed. Vinco Ventures reviews long-lived assets and intangible assets for potential impairment annually and when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. In the event the expected undiscounted future cash flows resulting from the use of the asset is less than the carrying amount of the asset, an impairment loss is recorded equal to the excess of the asset’s carrying value over its fair value. If an asset is determined to be impaired, the loss is measured based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. In the event that management decides to no longer allocate resources to a patent portfolio, an impairment loss equal to the remaining carrying value of the asset is recorded.
Revenue Recognition	Revenue Recognition Generally, the Company considers all revenues as arising from contracts with customers. Revenue is recognized based on the five-step process outlined in the Accounting Standards Codification (“ASC”) 606: Step 1 – Identify the Contract with the Customer – A contract exists when (a) the parties to the contract have approved the contract and are committed to perform their respective obligations, (b) the entity can identify each party’s rights regarding the goods or services to be transferred, (c) the entity can identify the payment terms for the goods or services to be transferred, (d) the contract has commercial substance and it is probably that the entity will collect substantially all of the consideration to which it will be entitled in exchange for the goods or services that will be transferred to the customer. Step 2 – Identify Performance Obligations in the Contract – Upon execution of a contract, the Company identifies as performance obligations each promise to transfer to the customer either (a) goods or services that are distinct, or (b) a series of distinct goods or services that are substantially the same and have the same pattern of transfer to the customer. To the extent a contract includes multiple promised goods or services, the Company must apply judgement to determine whether the goods or services are capable of being distinct within the context of the contract. If these criteria are not met, the goods or services are accounted for as a combined performance obligation. Step 3 – Determine the Transaction Price – When (or as) a performance obligation is satisfied, the Company shall recognize as revenue the amount of the transaction price that is allocated to the performance obligation. The contract terms are used to determine the transaction price. Generally, all contracts include fixed consideration. If a contract did include variable consideration, the Company would determine the amount of variable consideration that should be included in the transaction price based on expected value method. Variable consideration would be included in the transaction price, if in the Company’s judgement, it is probable that a significant future reversal of cumulative revenue under the contract would not occur. Step 4 – Allocate the Transaction Price – After the transaction price has been determined, the next step is to allocate the transaction price to each performance obligation in the contract. If the contract only has one performance obligation, the entire transaction price will be applied to that obligation. If the contract has multiple performance obligations, the transaction price is allocated to the performance obligations based on the relative standalone selling price (SSP) at contract inception. Step 5 – Satisfaction of the Performance Obligations (and Recognize Revenue) – Revenue is recognized when (or as) goods or services are transferred to a customer. The Company satisfies each of its performance obligations by transferring control of the promised good or service underlying that performance obligation to the customer. Control is the ability to direct the use of and obtain substantially all of the remaining benefits from an asset. It includes the ability to prevent other entities from directing the use of and obtaining the benefits from an asset. Indicators that control has passed to the customer include: a present obligation to pay; physical possession of the asset; legal title; risks and rewards of ownership; and acceptance of the asset(s). Performance obligations can be satisfied at a point in time or over time. Substantially all of the Company’s revenues continue to be recognized when control of the goods are transferred to the customer, which is upon shipment of the finished goods to the customer. All sales have fixed pricing and there are currently no material variable components included in the Company’s revenue. Additionally, the Company will issue credits for defective merchandise, historically these credits for defective merchandise have not been material. Based on the Company’s analysis of the new revenue standards, revenue recognition from the sale of finished goods to customers, which represents substantially all of the Company’s revenues, was not impacted by the adoption of the new revenue standards.
Disaggregation of Revenue	Disaggregation of Revenue The Company’s primary revenue streams include the sale and/or licensing of consumer goods and packaging materials for innovative products. The Company’s licensing business is not material and has not been separately disaggregated for segment purposes. The disaggregated Company’s revenues for the years ended December 31, 2020 and 2019 was as follows: For the Years Ended December 31, 2020 2019 Revenues: Product sales $ 15,522,649 $ 12,078,798 Licensing revenues 258,670 444,634 Total revenues, net $ 15,781,319 $ 12,523,432 For the years ended December 31, 2020 and 2019, the following customers represented more than 10% of total net revenues: For the years ended 2020 2019 Customer: Customer A - % 14 % For the years ended December 31, 2020 and 2019, the following geographical regions represented more than 10% of total net revenues: For the Years Ended 2020 2019 Region: North America 87 % 76 % Asia-Pacific 2 % 9 % Europe 11 % 15 %
Cost of Revenues	Cost of Revenues Cost of revenues includes freight charges, purchasing and receiving costs, depreciation and inspection costs.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs include inbound freight costs and the cost to ship product to the customer and are included in cost of sales.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company measures the fair value of financial assets and liabilities based on the guidance of ASC 820 “Fair Value Measurements and Disclosures” (“ASC 820”) which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example, cash flow modeling inputs based on assumptions) The carrying amounts of the Company’s financial instruments, such as cash, accounts receivable, accounts payable, accrued expenses and other current liabilities approximate fair values due to the short-term nature of these instruments. The carrying amount of the Company’s notes payable approximates fair value because the effective yields on these obligations, which include contractual interest rates, taken together with other features such as concurrent issuance of warrants, are comparable to rates of returns for instruments of similar credit risk. The loan held for investment was acquired at fair value, which resulted in a discount. The following fair value of the short-term investment held and the input level used to determine the fair value at December 31, 2020 is presented below: Level 1 U.S. equity stock $ 1,018,000 There were no short-term investments held at December 31, 2019. U.S. equity stocks represent investment in stocks of U.S. based companies. The valuation inputs for U.S. equity stocks are based on the last published price reported on the major stock market on which the securities are traded and are primarily classified as Level 1. Securities whose valuation inputs are not based on observable market information are classified as Level 3. The following changes in level 3 instruments for the year ended December 31, 2020 are presented below: Contingent Balance, January 1, 2019 $ (520,000 ) Change in fair value of earnout 520,000 Balance, December 31, 2019 - TBD Safety, LLC’s sellers earnout (200,000 ) Balance, December 31, 2020 $ (200,000 )
Income Taxes	Income Taxes The Company accounts for income taxes under the provisions of the Financial Accounting Standards Board (“FASB”) ASC Topic 740 “Income Taxes” (“ASC Topic 740”). The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of items that have been included or excluded in the financial statements or tax returns. Deferred tax assets and liabilities are determined on the basis of the difference between the tax basis of assets and liabilities and their respective financial reporting amounts (“temporary differences”) at enacted tax rates in effect for the years in which the temporary differences are expected to reverse. The Company utilizes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Management has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the Company’s consolidated financial statements as of December 31, 2020 and 2019. The Company does not expect any significant changes in its unrecognized tax benefits within twelve months of the reporting date. The Company’s policy is to classify assessments, if any, for tax related interest as interest expense and penalties as general and administrative expenses in the statements of operations.
Net Earnings or Loss Per Share	Net Earnings or Loss per Share Basic net (loss) income per common share is computed by dividing net (loss) income by the weighted average number of vested common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number vested of common shares, plus the net impact of common shares (computed using the treasury stock method), if dilutive, resulting from the exercise of dilutive securities. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As of December 31, 2020 and 2019, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. For the Years Ended December 31, 2020 2019 Selling Agent Warrants 160,492 160,492 Shares reserved in exchange for the cancellation of certain non-voting membership interest in Edison Nation Holdings, LLC - 990,000 Options 80,000 80,000 Convertible shares under notes payable 517,073 285,632 Warrants for noteholders 625,000 50,000 Restricted stock units 30,000 210,000 Series B Convertible Stock 764,618 - Shares to be issued 1,071,483 412,500 Total 3,248,666 2,188,624
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs include debt discounts and debt issuance costs related to a recognized debt liability and are presented in the balance sheet as a direct deduction from the carrying value of the debt liability. Amortization of deferred financing costs are included as a component of interest expense. Deferred financing costs are amortized using the straight-line method over the term of the recognized debt liability which approximates the effective interest method.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the FASB issued Accounting Standards Update No. 2017-04 (ASU 2017-04), “Simplifying the Test for Goodwill Impairment”, which removes Step 2 from the goodwill impairment test. ASU 2017-04 requires that if a reporting unit’s carrying value exceeds its fair value, an impairment charge would be recognized for the excess amount, not to exceed the carrying amount of goodwill. ASU 2017-04 will be effective for interim and annual reporting periods beginning after December 15, 2019. Early application is permitted after January 1, 2017. The Company early adopted ASU 2017-04 in the third quarter of 2018. The Company recognized an impairment charge of $4,443,000 under the simplified test for goodwill impairment. In June 2018, the FASB issued an amendment to the accounting guidance related to accounting for employee share-based payments which clarifies that an entity should recognize excess tax benefits in the period in which the amount of the deduction is determined. This amendment is effective for annual periods beginning after December 15, 2018. The Company adopted this accounting guidance in the first quarter of 2019 with no impact on our financial statements. In August 2018, the FASB issued new accounting guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. Among the changes, an entity will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. Since this accounting guidance only revises disclosure requirements, the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In October 2018, the FASB issued new accounting guidance for Variable Interest Entities, which requires indirect interests held through related parties in common control arrangements be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The guidance is effective for the Company’s interim and annual reporting periods during the year ending December 31, 2020. Early adoption is permitted. The adoption of this accounting guidance did not have a impact on its consolidated financial statements and related disclosures.
Subsequent Events	Subsequent Events The Company has evaluated subsequent events through the date which the financial statements were issued. Based upon the evaluation, except for items described in Note 18, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements.
Segment Reporting	Segment Reporting The Company uses “the management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s chief operating decision maker is the Chairman and Chief Executive Officer (“CEO”) of the Company, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. The Company deploys resources on a consolidated level to all brands of the Company and therefore the Company only identifies one reportable operating segment with multiple product offerings.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of Disaggregation of Revenue	The disaggregated Company’s revenues for the years ended December 31, 2020 and 2019 was as follows: For the Years Ended December 31, 2020 2019 Revenues: Product sales $ 15,522,649 $ 12,078,798 Licensing revenues 258,670 444,634 Total revenues, net $ 15,781,319 $ 12,523,432
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	For the years ended December 31, 2020 and 2019, the following customers represented more than 10% of total net revenues: For the years ended 2020 2019 Customer: Customer A - % 14 % For the years ended December 31, 2020 and 2019, the following geographical regions represented more than 10% of total net revenues: For the Years Ended 2020 2019 Region: North America 87 % 76 % Asia-Pacific 2 % 9 % Europe 11 % 15 %
Schedule of Fair Value of the Short-term Investment	The following fair value of the short-term investment held and the input level used to determine the fair value at December 31, 2020 is presented below: Level 1 U.S. equity stock $ 1,018,000
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following changes in level 3 instruments for the year ended December 31, 2020 are presented below: Contingent Balance, January 1, 2019 $ (520,000 ) Change in fair value of earnout 520,000 Balance, December 31, 2019 - TBD Safety, LLC’s sellers earnout (200,000 ) Balance, December 31, 2020 $ (200,000 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	. As of December 31, 2020 and 2019, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. For the Years Ended December 31, 2020 2019 Selling Agent Warrants 160,492 160,492 Shares reserved in exchange for the cancellation of certain non-voting membership interest in Edison Nation Holdings, LLC - 990,000 Options 80,000 80,000 Convertible shares under notes payable 517,073 285,632 Warrants for noteholders 625,000 50,000 Restricted stock units 30,000 210,000 Series B Convertible Stock 764,618 - Shares to be issued 1,071,483 412,500 Total 3,248,666 2,188,624

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	12 Months Ended
	Dec. 31, 2020
Schedule of Business Combination of Assets and Liabilities	The table below shows the assets and liabilities that the Company was relieved of in the transaction: February 17, 2020 Accounts payable 4,005,605 Accrued Expenses 370,289 Income Tax Payable 14,473 Notes Payable 900,000 Non-Controlling Interest 26,393 Shares to be issued to Buyer (405,000 ) Gain on divestiture $ 4,911,760
Schedule of Pro Forma Information	The following represents the unaudited pro forma consolidated income statement as if the acquisitions had been included in the consolidated results of the Company for the entire years ending December 31, 2020: Year Ended December 31, 2020 Year Ended December 31, 2019 Revenues, net $ 16,801,734 $ 13,197,684 Cost of revenues 11,994,549 8,095,723 Gross profit 4,807,185 5,101,961 Operating expenses: Selling, general and administrative 12,589,513 14,900,658 Impairment - 4,443,000 Change in fair value of earnout - (520,000 ) Operating loss (7,782,328 ) (13,721,697 ) Other income (expense): Other income (expense) 1,615,016 (1,189,966 ) Loss before income taxes (6,167,312 ) (14,911,663 ) Income tax expense (benefit) 19,197 (22,373 ) Net loss from continuing operations $ (6,186,509 ) $ (14,889,290 )
TBD Safety, LLC [Member]
Summary of the Aggregate Purchase Price Consideration Paid	The following table summarizes the aggregate purchase price consideration paid for acquisitions during 2020: TBD Safety, LLC Fair value of issued common shares $ 4,203,632 Fair value of issued preferred shares 764,618 Fair value of contingent consideration 200,000 Purchase consideration $ 5,168,250
Summary of Preliminary Purchase Price Allocation of Fair Values of the Assets Acquired and Liabilities Assumed	The following table summarizes the purchase price allocation of fair values of the assets acquired and liabilities assumed during 2020 at the date of acquisition: TBD Safety, LLC Cash and cash equivalents $ 180,489 Accounts receivable 20,217 Inventory 492,793 Other current assets 346,095 Goodwill 591,729 Intangible assets 3,600,000 Total assets acquired $ 5,231,323 Notes payable 62,500 Current liabilities 573 Total liabilities assumed 63,073 Total net assets acquired 5,168,250
Uber Mom [Member]
Summary of the Aggregate Purchase Price Consideration Paid	The following table summarizes the aggregate purchase price consideration paid for acquisitions during 2019: Uber Mom Cash paid $ 52,352 Fair value of issued common shares 98,613 Purchase consideration $ 150,965
Summary of Preliminary Purchase Price Allocation of Fair Values of the Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary purchase price allocation of fair values of the assets acquired and liabilities assumed during 2019 at the date of acquisition: Uber Mom Inventory $ 52,352 Goodwill 98,613 Total assets acquired $ 150,965

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following table presents the carrying values of the assets and liabilities of entities that are VIEs and consolidated by the Company at December 31, 2020: For the Twelve Months Ended December 31, 2020 2019 Assets Current assets: Cash and cash equivalents $ 10,481 $ 6,234 Accounts receivable, net 94,195 21,697 Inventory 240,158 51,090 Prepaid expenses and other current assets - 379,561 Total current assets 344,834 458,582 Property and equipment, net - 32,661 Total assets $ 344,834 $ 491,243 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 217,558 $ 337,648 Accrued expenses and other current liabilities 113,576 - Line of credit 1,133,652 - Notes payable, current 150,000 - Due to related party 315,666 315,666 Total current liabilities 1,930,452 653,314 The following table presents the operations of entities that are VIEs and consolidated by the Company at December 31, 2020: For the Twelve Months Ended December 31, 2020 2019 Revenues, net $ 1,571,017 $ 352,523 Cost of revenues 2,092,167 204,943 Gross profit (521,150 ) 147,580 Operating expenses: Selling, general and administrative 413,217 450,693 Operating income (934,367 ) (303,113 ) Other (expense) income: Interest expense (174,396 ) - Total other (expense) income (174,396 ) - Loss before income taxes (47,578 ) (303,113 ) Income tax expense - - Net (loss) income $ (1,108,763 ) $ (303,113 )

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2020
Credit Loss [Abstract]
Schedule of Accounts Receivable	As of December 31, 2020 and 2019, accounts receivable consisted of the following: December 31, December 31, 2020 2019 Accounts receivable $ 1,781,448 $ 2,185,859 Less: Allowance for doubtful accounts (178,321 ) (77,760 ) Total accounts receivable, net $ 1,603,127 $ 2,108,099

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory	As of December 31, 2020 and 2019, inventory consisted of the following: December 31, December 31, 2020 2019 Raw materials $ 71,484 $ 49,232 Finished goods 1,761,668 1,319,993 Reserve for obsolescence (145,690 ) - Total inventory $ 1,687,462 $ 1,369,225

Short-term Investments (Tables)

Short-term Investments (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, All Other Investments [Abstract]
Schedule of Short-term Investments	As of December 31, 2020 and 2019, short-term investments consisted of the following: December 31, December 31, 2020 2019 Jupiter Wellness, Inc. (JUPW) $ 1,040,000 $ - Unrealized losses (22,000 ) - Total short-term investments $ 1,018,000 $ -

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	As of December 31, 2020 and 2019, prepaid expenses and other current assets consisted of the following: December 31, December 31, 2020 2019 Deposits on inventory $ 678,531 $ 680,792 Deposits 54,598 11,409 Prepaid insurance 43,063 46,848 Other 7,866 41,056 Total prepaid expenses and other current assets $ 784,238 $ 917,433

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	As of December 31, 2020 and 2019, property and equipment consisted of the following: December 31, December 31, 2020 2019 Land $ 79,100 $ 79,100 Buildings – rental property 463,635 445,635 Building improvements 800,225 766,859 Equipment and machinery 4,122,917 3,917,080 Furniture and fixtures 368,137 387,836 Computer software - 23,518 Molds 79,300 4,651,889 Vehicles 521,962 521,962 6,435,276 10,793,879 Less: accumulated depreciation (5,424,475 ) (9,861,911 ) Total property and equipment, net $ 1,010,801 $ 931,968

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the year ended December 31, 2020 consisted of the following: Total Balance, January 1, 2019 $ 9,736,510 Acquisition of Uber Mom 98,613 Impairment (4,443,000 ) Balance, December 31, 2019 5,392,123 Acquisition of TBD Safety, LLC 591,729 Balance, December 31, 2020 $ 5,983,852

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	As of December 31, 2020, intangible assets consisted of the following: Weighted Gross Net Average Carrying Accumulated Carrying Life Remaining Amount Amortization Amount Finite lived intangible assets: Customer relationships 15 years 12.8 years $ 4,270,000 $ 624,223 $ 3,645,777 Developed technology 7 years 5.9 years 7,400,000 1,330,476 6,069,524 Membership network 7 years 4.7 years 1,740,000 580,000 1,160,000 Digital media 7 years 6.9 years 1,552,500 29,464 1,523,036 Total finite lived intangible assets $ 14,962,500 $ 2,564,163 $ 12,398,337 Indefinite lived intangible assets: Trademarks and tradenames Indefinite $ 3,140,000 $ - $ 3,140,000 Total indefinite lived intangible assets $ 3,140,000 $ - $ 3,140,000 Total intangible assets $ 18,102,500 $ 2,564,163 $ 15,538,337 As of December 31, 2019, intangible assets consisted of the following: Weighted Gross Net Average Carrying Accumulated Carrying Life Remaining Amount Amortization Amount Finite lived intangible assets: Customer relationships 15 years 13.8 years $ 4,270,000 $ 339,556 $ 3,930,444 Developed technology 7 years 5.7 years 3,800,000 697,619 3,102,381 Membership network 7 years 5.7 years 1,740,000 331,429 1,408,571 Non-compete agreements 2 years .7 years 50,000 33,333 16,667 Total finite lived intangible assets $ 9,860,000 $ 1,401,937 $ 8,458,063 Indefinite lived intangible assets: Trademarks and tradenames Indefinite $ 3,140,000 $ - $ 3,140,000 Total indefinite lived intangible assets $ 3,140,000 $ - $ 3,140,000 Total intangible assets $ 13,000,000 $ 1,401,937 $ 11,598,063
Schedule of Estimated Future Amortization of Intangibles	The estimated future amortization of intangibles subject to amortization at December 31, 2020 was as follows: For the Years Ended December 31, Amount 2021 $ 1,657,881 2022 1,657,881 2023 1,657,881 2024 1,657,881 2025 1,446,452 Thereafter 4,320,361 Total $ 12,398,337

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	As of December 31, 2020 and 2019, accrued expenses and other current liabilities consisted of the following: December 31, December 31, 2020 2019 Accrued taxes - other $ 211,421 $ 261,396 Accrued payroll and benefits 425,130 482,719 Accrued professional fees 443,084 201,318 Customer deposits - 13,212 Accrued interest 463,489 341,559 Accrued legal contingencies 240,105 240,105 Earnout 200,000 - Other 118,381 54,359 Total accrued expenses and other current liabilities $ 2,101,610 $ 1,594,668

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	As of December 31, 2020 and December 31, 2019, debt consisted of the following: December 31, December 31, 2020 2019 Line of credit: Asset backed line of credit $ 1,133,652 $ 472,567 Receivables financing 367,301 - Debt issuance costs - (15,573 ) Total line of credit 1,500,953 456,995 Senior convertible notes payable: Senior convertible notes payable 1,428,161 1,428,161 Convertible notes payable 591,104 - Debt issuance costs (280,511 ) (366,666 ) Total long-term senior convertible notes payable 1,738,754 1,061,495 Less: current portion of long-term notes payable (577,260 ) - Noncurrent portion of long-term convertible notes payable 1,161,494 1,061,495 Notes payable: Notes payable 1,932,088 1,621,015 Debt issuance costs (34,997 ) (212,848 ) Total long-term debt 1,897,091 1,408,167 Less: current portion of long-term debt (1,301,212 ) (1,365,675 ) Noncurrent portion of long-term debt 595,879 42,492 Notes payable – related parties: Notes payable 2,827,512 3,282,021 Debt issuance costs (33,833 ) (1,686,352 ) Total notes payable – related parties: 2,793,679 1,595,669 Less: current portion of long-term debt – related parties (1,389,922 ) - Noncurrent portion of long-term debt – related parties $ 1,403,757 $ 1,595,669
Schedule of Maturities of Long-term Debt	The scheduled maturities of the debt for the next five years as of December 31, 2020, are as follows: For the Years Ended December 31, Amount 2021 $ 4,852,023 2022 1,987,520 2023 1,440,275 2024 - 2025 - Thereafter - $ 8,279,818 Less: debt discount (349,341 ) $ 7,930,477

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Tax, Domestic and Foreign	United States and foreign components of income before income taxes were as follows: For the Years Ended December 31, 2020 2019 United States $ (6,287,903 ) $ (14,210,716 ) Foreign - - Income before income taxes $ (6,287,903 ) $ (14,210,716 )
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to deferred tax assets or liabilities are presented below: For the Years Ended December 31, 2020 2019 Deferred tax assets: Stock-based compensation $ 1,025,745 $ 987,747 Operating lease liabilities 32,653 158,430 Net operating loss carryforwards 3,567,490 2,324,863 Less: valuation allowance (3,787,252 ) (2,424,196 ) Net deferred tax assets $ 838,636 $ 1,046,844 Deferred tax liabilities: Right of use assets (32,137 ) (153,741 ) Goodwill and intangible assets (724,395 ) (811,000 ) Property and equipment $ (82,103 ) $ (82,103 ) Net deferred tax liabilities $ (838,636 ) $ (1,046,844 ) Net deferred taxes $ - $ -
Schedule of Components of Income Tax Expense (Benefit)	The income tax provision (benefit) consists of the following: For the Years Ended December 31, 2020 2019 Current: Federal $ - $ - Foreign - - State and local 19,197 (22,373 ) Total current $ 19,197 $ (22,373 ) Deferred: Federal $ (1,166,562 ) $ (896,468 ) Foreign - - State and local (196,494 ) (333,141 ) Less: valuation allowance 1,363,056 1,229,609 Total deferred $ - $ - Income tax provision (benefit) $ 19,197 $ (22,373 )
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows: For the Years Ended December 31, 2020 2019 Tax at federal statutory rate 21.0 % 21.0 % Effect of U.S. tax law change 0.0 % 0.0 % U.S. income subject to valuation allowance -20.9 % -14.6 % State and local income taxes -0.3 % 0.2 % Foreign income not subject to U.S. federal tax 0.0 % 0.0 % Foreign tax 0.0 % 0.0 % Nondeductible expenses -0.1 % -6.5 % Other 0.0 % 0.0 % Effective income tax rate -0.3 % 0.1 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Reconciliation of Future Undiscounted Cash Flows	The following is a reconciliation of future undiscounted cash flows to the operating liabilities, and the related right of use assets, included in our Consolidated Balance Sheets as of December 31, 2020: December 31, 2020 2021 101,798 2022 59,596 2023 - 2024 - 2025 - 2026 and thereafter - Total future lease payments 161,394 Less: imputed interest (5,904 ) Present value of future operating lease payments 155,490 Less: current portion of operating lease liabilities (96,777 ) Operating lease liabilities, net of current portion 58,713 Right of use assets – operating leases, net 153,035

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of Stock Compensation Expense by Award Type	For the Twelve Months 2020 2019 Stock option awards $ 46,605 $ 175,675 Non-employee awards 3,100,255 1,564,670 Restricted stock unit awards 68,400 447,300 Phantom stock awards 26,504 112,270 $ 3,241,764 $ 2,299,915
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes stock option award activity during 2020: Shares Weighted Average Exercise Price Remaining Contractual Life in Years Aggregate Intrinsic Value Balance, January 1, 2019 290,000 $ 5.55 4.2 - Granted - - - - Forfeited (210,000 ) 5.00 - - Balance, December 31, 2019 80,000 $ 7.01 2.7 - Exercisable, December 31, 2019 53,333 7.01 3.7 - Granted - - - - Forfeited - - - - Balance, December 31, 2020 80,000 7.01 2.7 - Exercisable, December 31, 2020 80,000 7.01 2.7 -

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Balance Sheets and Income Operations of Discontinued Operations	The following table presents the carrying values of the assets and liabilities of our discontinued operations at December 31, 2020 and 2019, respectively: For the Twelve Months Ended December 31, 2020 2019 Assets Current assets: Cash and cash equivalents $ 43,405 $ 178,485 Accounts receivable, net 237,093 803,316 Inventory 77,710 126,739 Prepaid expenses and other current assets 42,104 31,667 Income tax receivable 120,211 147,889 Total current assets 520,523 1,288,096 Property and equipment, net 28,504 56,049 Total assets $ 549,027 $ 1,344,145 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 677,326 $ 1,382,055 Accrued expenses and other current liabilities 73,615 109,607 Line of credit - - Notes payable, current - - Due to related party - - Total current liabilities $ 750,941 $ 1,491,662 The following table presents the summary results of operations of our discontinued operations for the years ended December 31, 2020 and 2019, respectively: For the Twelve Months Ended December 31, 2020 2019 Revenues, net $ 2,727,346 $ 7,105,630 Cost of revenues 2,145,989 5,289,781 Gross profit 581,357 1,815,849 Operating expenses: Selling, general and administrative 1,211,050 1,824,645 Operating income (629,693 ) (8,796 ) Other (expense) income: Interest income 1 985 Total other (expense) income 1 985 Loss before income taxes (629,692 ) (7,811 ) Income tax expense (12,940 ) (2,826 ) Net (loss) income $ (642,632 ) $ (10,637 )

Basis of Presentation and Nat_2

Basis of Presentation and Nature of Operations (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended	12 Months Ended
	Feb. 28, 2021	Jan. 31, 2021	Apr. 07, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating loss				$ (7,902,347)	$ (13,017,432)
Operating income loss from noncash activities				4,623,130
Operating income loss from restructuring, severance, transaction costs and non-recurring items				1,131,975
Assets, current				5,342,183	4,955,365
Liabilities, current				11,285,663	12,973,319
Working capital				(5,943,480)
Assets				28,028,207	23,609,619
Liabilities				14,505,506	16,155,187
Stockholders' equity				13,522,701	7,454,432	$ 15,939,639
Cash and cash equivalents				$ 249,356	$ 234,234
Subsequent Event [Member] | Private Placement [Member]
Additional funds			$ 25,300,000
Subsequent Event [Member] | Private Placement One [Member]
Additional funds		$ 12,000,000
Proceeds from issuance of private placement		10,770,000
Subsequent Event [Member] | Private Placement Two [Member]
Additional funds		3,300,000
Proceeds from issuance of private placement		$ 3,255,000
Subsequent Event [Member] | Private Placement Three [Member]
Additional funds	$ 10,000,000
Proceeds from issuance of private placement	$ 8,950,000
Best Party Concepts [Member]
Business acquisition, percentage of voting interests acquired				50.00%
Global Clean Solutions, LLC [Member]
Business acquisition, percentage of voting interests acquired				50.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
FDIC insurance limits	$ 250,000
Long lived assets impairment charges
Software Development [Member]
Property, plant and equipment, useful life	5 years
Molds [Member]
Property, plant and equipment, useful life	5 years
Buildings - Rental Property [Member]
Property, plant and equipment, useful life	40 years
Minimum [Member] | Office Equipment [Member]
Property, plant and equipment, useful life	3 years
Minimum [Member] | Furniture and Fixtures [Member]
Property, plant and equipment, useful life	5 years
Minimum [Member] | Machinery and Equipment [Member]
Property, plant and equipment, useful life	6 years
Minimum [Member] | Building Improvements [Member]
Property, plant and equipment, useful life	10 years
Minimum [Member] | Vehicles [Member]
Property, plant and equipment, useful life	5 years
Maximum [Member] | Office Equipment [Member]
Property, plant and equipment, useful life	5 years
Maximum [Member] | Furniture and Fixtures [Member]
Property, plant and equipment, useful life	7 years
Maximum [Member] | Machinery and Equipment [Member]
Property, plant and equipment, useful life	10 years
Maximum [Member] | Building Improvements [Member]
Property, plant and equipment, useful life	15 years
Maximum [Member] | Vehicles [Member]
Property, plant and equipment, useful life	7 years
Accounts Receivable [Member] | Largest Customer [Member]
Concentration risk, percentage	18.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Total revenues, net	$ 15,781,319	$ 12,523,432
Product Sales [Member]
Total revenues, net	15,522,649	12,078,798
Licensing Revenues [Member]
Total revenues, net	$ 258,670	$ 444,634

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
North America [Member]
Concentration Risk, Percentage	87.00%	76.00%
Asia Pacific [Member]
Concentration Risk, Percentage	2.00%	9.00%
Europe [Member]
Concentration Risk, Percentage	11.00%	15.00%
Customer A [Member]
Concentration Risk, Percentage	0.00%	14.00%

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Fair Value of the Short-term Investment (Details)	Dec. 31, 2020USD ($)
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
U.S. equity stock	$ 1,018,000

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Change in fair value of earnout	$ 200,000	$ (520,000)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Contingent consideration [Member]
Beginning balance		(520,000)
Change in fair value of earnout		520,000
TBD Safety, LLC’s sellers earnout	(200,000)
Ending balance	$ (200,000)

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,248,666	2,188,624
Selling Agent Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	160,492	160,492
Shares Reserved in Exchange for the Cancellation of Certain Non-Voting Membership Interest in Edison Nation Holdings, LLC [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		990,000
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	80,000	80,000
Convertible Shares Under Notes Payable[Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	517,073	285,632
Warrants for Noteholders [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	625,000	50,000
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	30,000	210,000
Series B Convertible Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	764,618
Shares to be Issued [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,071,483	412,500

Acquisitions and Divestitures_2

Acquisitions and Divestitures (Details Narrative) - USD ($)	Nov. 30, 2020	Sep. 29, 2020	Jul. 02, 2020	Jun. 30, 2020	Mar. 11, 2020	Feb. 17, 2020	Nov. 06, 2019	Dec. 31, 2020	Dec. 31, 2019	Aug. 23, 2019
Business Acquisition [Line Items]
Common stock, shares outstanding								14,471,403	8,015,756
Number of shares issued during acquisition, value								$ 3,691,338
Common Stock [Member]
Business Acquisition [Line Items]
Stock issued during period, shares									1,175,000
Common stock, shares outstanding								14,471,403	8,015,756
Number of shares issued during acquisition								2,210,382
Number of shares issued during acquisition, value								$ 2,210
HMNRTH, LLC [Member]
Business Acquisition [Line Items]
Number of shares issued for acquisition of assets					238,750
Number of shares issued for acquisition of assets, value			$ 70,850
ED Roses, LLC [Member]
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired										50.00%
Uber Mom, LLC [Member]
Business Acquisition [Line Items]
Number of shares issued for acquisition of assets							45,000
Number of shares issued for acquisition of assets, value							$ 52,352
Purchase Agreement [Member] | Cloud B Shares [Member]
Business Acquisition [Line Items]
Stock issued during period, shares						80,065
Share issued price per share						$ 1
Ownership interest						72.15%
Common stock, shares outstanding						110,964
Indemnification Agreement [Member] | Pearl 33 Holdings, LLC [Member]
Business Acquisition [Line Items]
Number of shares issued during acquisition				150,000
Number of shares issued during acquisition, value				$ 405,000
custom:StockExchangeAgreementMember | SRM Entertainment, LTD [Member] | Restricted Stock [Member]
Business Acquisition [Line Items]
Business acquisition number of shares acquired	200,000
Purchase and Sale Agreement [Member] | Sellers [Member]
Business Acquisition [Line Items]
Stock issued during period, shares		125,000
Cumulative revenue		$ 10,000,000
Purchase and Sale Agreement [Member] | Sellers [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Number of shares issued during acquisition		2,210,382
Purchase and Sale Agreement [Member] | Sellers [Member] | Preferred Stock [Member]
Business Acquisition [Line Items]
Number of shares issued during acquisition		764,618

Acquisitions and Divestitures -

Acquisitions and Divestitures - Schedule of Business Combination of Assets and Liabilities (Details)	Feb. 17, 2020USD ($)
Business Combinations [Abstract]
Accounts payable	$ 4,005,605
Accrued Expenses	370,289
Income Tax Payable	14,473
Notes Payable	900,000
Non-Controlling Interest	26,393
Shares to be issued to Buyer	(405,000)
Gain on divestiture	$ 4,911,760

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Summary of the Aggregate Purchase Price Consideration Paid (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Uber Mom [Member]
Business Acquisition [Line Items]
Cash paid		$ 52,352
Fair value of issued common shares		98,613
Purchase consideration		$ 150,965
TBD Safety, LLC [Member]
Business Acquisition [Line Items]
Fair value of issued common shares	$ 4,203,632
Fair value of issued preferred shares	764,618
Fair value of contingent consideration	200,000
Purchase consideration	$ 5,168,250

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Summary of Preliminary Purchase Price Allocation of Fair Values of the Assets Acquired and Liabilities Assumed (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 5,983,852	$ 5,392,123	$ 9,736,510
TBD Safety, LLC [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	180,489
Accounts receivable	20,217
Inventory	492,793
Other current assets	346,095
Goodwill	591,729
Intangible assets	3,600,000
Total assets acquired	5,231,323
Notes payable	62,500
Current liabilities	573
Total liabilities assumed	63,073
Total net assets acquired	$ 5,168,250
Uber Mom [Member]
Business Acquisition [Line Items]
Inventory		52,352
Goodwill		98,613
Total assets acquired		150,965
Total net assets acquired		$ 150,965

Acquisitions and Divestitures_5

Acquisitions and Divestitures - Schedule of Pro Forma Information (Details) - TBD Safety, LLC [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Revenues, net	$ 16,801,734	$ 13,197,684
Cost of revenues	11,994,549	8,095,723
Gross profit	4,807,185	5,101,961
Selling, general and administrative	12,589,513	14,900,658
Impairment		4,443,000
Change in fair value of earnout		(520,000)
Operating loss	(7,782,328)	(13,721,697)
Other income (expense)	1,615,016	(1,189,966)
Loss before income taxes	(6,167,312)	(14,911,663)
Income tax expense (benefit)	19,197	(22,373)
Net loss from continuing operations	$ (6,186,509)	$ (14,889,290)

Variable Interest Entities (Det

Variable Interest Entities (Details Narrative) - USD ($)	May 20, 2020	Dec. 31, 2020	Dec. 31, 2019
Common stock, par value		$ 0.001	$ 0.001
Stock issued during period, value			$ 2,039,303
Share Exchange Agreement [Member] | Graphene Holdings, LLC [Member]
Stock issued during period, shares	50,000
Fair value of treated distribution	$ 699,000
Stock issued during period, value	$ 200,000
Share Exchange Agreement [Member] | Graphene Holdings, LLC [Member] | Minimum [Member]
Stock issued during period, shares	200,000
Stock issued during period, value	$ 1,000,000
Share Exchange Agreement [Member] | Restricted Common Stock [Member] | Graphene Holdings, LLC [Member]
Stock issued during period, shares	125,000
Share Exchange Agreement [Member] | Restricted Common Stock [Member] | Graphene Holdings, LLC [Member] | Minimum [Member]
Stock issued during period, value	$ 25,000,000
Share Exchange Agreement [Member] | PPE Brickell Supplies, LLC [Member]
Number of units purchased	25
Purchase units, description	On May 20, 2020 (the "Effective Date"), Edison Nation, Inc. (the "Company") entered into an Agreement and Plan of Share Exchange (the "Share Exchange Agreement") with PPE Brickell Supplies, LLC, a Florida limited liability company ("PPE"), and Graphene Holdings, LLC, a Wyoming limited liability company ("Graphene", and together with PPE, the "Sellers"), whereby the Company purchased 25 membership units of Global Clean Solutions, LLC, a Nevada limited liability company ("Global") from each of PPE and Graphene, for a total of fifty (50) units, representing fifty percent (50%) of the issued and outstanding units of Global (the "Purchase Units").
Share Exchange Agreement [Member] | PPE Brickell Supplies, LLC [Member] | Restricted Common Stock [Member]
Stock issued during period, shares	250,000
Common stock, par value	$ 0.001
Stock issued during period, value	$ 100,000
Share Exchange Agreement [Member] | PPE Brickell Supplies, LLC [Member] | Restricted Common Stock [Member] | Minimum [Member]
Stock issued during period, shares	100,000
Stock issued during period, value	$ 10,000,000
Amended Limited Liability Company Agreement of Global [Member] | Graphene Holdings, LLC [Member]
Ownership percentage		25.00%
Amended Limited Liability Company Agreement of Global [Member] | PPE Brickell Supplies, LLC [Member]
Ownership percentage		25.00%
Amended Limited Liability Company Agreement of Global [Member] | Edison Nation Holdings, LLC [Member]
Ownership percentage		50.00%
Secured Line of Credit Agreement [Member]
Revolving credit loan amount		$ 2,500,000
Interest rate		3.00%
Debt interest description		In the event of a default, any and all amounts due to PPE by Global, including principal and accrued but unpaid interest, shall increase by forty (40%) percent and the interest shall increase to five (5%) percent (the "Default Interest").
Secured Line of Credit Agreement [Member] | Global Clean Solutions, LLC and PPE Brickell Supplies, LLC [Member]
Interest rate	3.00%
Debt maturity date description	Maturity date of six (6) months
Debt interest description	In the event of a default, any and all amounts due to PPE by Global, including principal and accrued but unpaid interest, shall increase by forty (40%) percent and the interest shall increase to five (5%) percent (the "Default Interest").
Secured Line of Credit Agreement [Member] | Global Clean Solutions, LLC and PPE Brickell Supplies, LLC [Member] | Minimum [Member]
Revolving credit loan amount	$ 2,500,000
Security Agreement [Member] | PPE Brickell Supplies, LLC [Member] | Borrower [Member]
Common stock placed for reverse shares	1,800,000

Variable Interest Entities - Sc

Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash and cash equivalents	$ 249,356	$ 234,234
Accounts receivable, net	1,603,127	1,304,783
Inventory	1,687,462	1,242,486
Prepaid expenses and other current assets	784,238	885,766
Total current assets	5,342,183	4,955,365
Property and equipment, net	1,010,801	875,919
Total assets	28,028,207	23,609,619
Accounts payable	4,105,794	6,015,595
Accrued expenses and other current liabilities	2,101,610	1,485,062
Line of credit	1,500,953	456,995
Due to related party	32,452	17,253
Total current liabilities	11,285,663	12,973,319
Revenues, net	15,781,319	12,523,432
Cost of revenues	11,403,474	7,523,669
Gross profit	4,377,845	4,990,763
Selling, general and administrative	12,280,192	14,085,195
Operating income	(7,902,347)	(13,017,432)
Interest expense	(3,378,131)	(1,299,153)
Total other (expense) income	1,614,444	(1,193,284)
Loss before income taxes	(6,287,903)	(14,210,716)
Income tax expense	19,197	(22,373)
Variable Income Interest Rate [Member]
Cash and cash equivalents	10,481	6,234
Accounts receivable, net	94,195	21,697
Inventory	240,158	51,090
Prepaid expenses and other current assets		379,561
Total current assets	344,834	458,582
Property and equipment, net		32,661
Total assets	344,834	491,243
Accounts payable	217,558	337,648
Accrued expenses and other current liabilities	113,576
Line of credit	1,133,652
Notes payable, current	150,000
Due to related party	315,666	315,666
Total current liabilities	1,930,452	653,314
Revenues, net	1,571,017	352,523
Cost of revenues	2,092,167	204,943
Gross profit	(521,150)	147,580
Selling, general and administrative	413,217	450,693
Operating income	(934,367)	(303,113)
Interest expense	(174,396)
Total other (expense) income	(174,396)
Loss before income taxes	(47,578)	(303,113)
Income tax expense
Net (loss) income	$ (1,108,763)	$ (303,113)

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Credit Loss [Abstract]
Accounts receivable	$ 1,781,448	$ 2,185,859
Less: Allowance for doubtful accounts	(178,321)	(77,760)
Total accounts receivable, net	$ 1,603,127	$ 1,304,783

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 71,484	$ 49,232
Finished goods	1,761,668	1,319,993
Reserve for obsolescence	(145,690)
Total inventory	$ 1,687,462	$ 1,242,486

Short-term Investments - Schedu

Short-term Investments - Schedule of Short-term Investments (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Total short-term investments	$ 1,018,000
Unrealized Losses [Member]
Total short-term investments	(22,000)
Jupiter Wellness, Inc. (JUPW) [Member]
Total short-term investments	$ 1,040,000

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deposits on inventory	$ 678,531	$ 680,792
Deposits	54,598	11,409
Prepaid insurance	43,063	46,848
Other	7,866	41,056
Total prepaid expenses and other current assets	$ 784,238	$ 885,766

Property and Equipment, Net (De

Property and Equipment, Net (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 169,141	$ 231,518

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment, Gross	$ 6,435,276	$ 10,793,879
Less: accumulated depreciation	(5,424,475)	(9,861,911)
Total property and equipment, net	1,010,801	875,919
Land [Member]
Property, Plant and Equipment, Gross	79,100	79,100
Buildings - Rental Property [Member]
Property, Plant and Equipment, Gross	463,635	445,635
Building Improvements [Member]
Property, Plant and Equipment, Gross	800,225	766,859
Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	4,122,917	3,917,080
Furniture and Fixtures [Member]
Property, Plant and Equipment, Gross	368,137	387,836
Software Development [Member]
Property, Plant and Equipment, Gross		23,518
Molds [Member]
Property, Plant and Equipment, Gross	79,300	4,651,889
Vehicles [Member]
Property, Plant and Equipment, Gross	$ 521,962	$ 521,962

Goodwill (Details Narrative)

Goodwill (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment	$ 0	$ 4,443,000

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning Balance	$ 5,392,123	$ 9,736,510
Acquisition of Uber Mom/TBD Safety, LLC	591,729	98,613
Impairment	0	(4,443,000)
Ending Balance	$ 5,983,852	$ 5,392,123

Intangible Assets, Net (Details

Intangible Assets, Net (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 1,212,226	$ 1,089,668

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Gross Carrying Amount	$ 18,102,500	$ 13,000,000
Net Amount	12,398,337
Indefinite Lived Intangible Assets Accumulated Amortization	2,564,163	1,401,937
Intangible Assets, Net	15,538,337	11,598,063
Trademarks and Trade Names [Member]
Gross Carrying Amount	3,140,000	3,140,000
Indefinite Lived Intangible Assets Accumulated Amortization
Intangible Assets, Net	3,140,000	3,140,000
Indefinite-lived Intangible Assets [Member]
Gross Carrying Amount	3,140,000	3,140,000
Indefinite Lived Intangible Assets Accumulated Amortization
Intangible Assets, Net	$ 3,140,000	$ 3,140,000
Customer Relationships [Member]
Useful Life	15 years	15 years
Weighted Average Remaining Life	12 years 9 months 18 days	13 years 9 months 18 days
Gross Carrying Amount	$ 4,270,000	$ 4,270,000
Accumulated Amortization	624,223	339,556
Net Amount	$ 3,645,777	$ 3,930,444
Developed Technology [Member]
Useful Life	7 years	7 years
Weighted Average Remaining Life	5 years 10 months 25 days	5 years 8 months 12 days
Gross Carrying Amount	$ 7,400,000	$ 3,800,000
Accumulated Amortization	1,330,476	697,619
Net Amount	$ 6,069,524	$ 3,102,381
Membership Network [Member]
Useful Life	7 years	7 years
Weighted Average Remaining Life	4 years 8 months 12 days	5 years 8 months 12 days
Gross Carrying Amount	$ 1,740,000	$ 1,740,000
Accumulated Amortization	580,000	331,429
Net Amount	$ 1,160,000	$ 1,408,571
License Agreement [Member]
Useful Life	7 years
Weighted Average Remaining Life	6 years 10 months 25 days
Gross Carrying Amount	$ 1,552,500
Accumulated Amortization	29,464
Net Amount	$ 1,523,036
Noncompete Agreements [Member]
Useful Life	2 years	2 years
Weighted Average Remaining Life	0 years	8 months 12 days
Gross Carrying Amount		$ 50,000
Accumulated Amortization		33,333
Net Amount		16,667
Finite-Lived Intangible Assets [Member]
Gross Carrying Amount	$ 14,962,500	9,860,000
Accumulated Amortization	2,564,163	1,401,937
Net Amount	$ 12,398,337	$ 8,458,063

Intangible Assets, Net - Sche_2

Intangible Assets, Net - Schedule of Estimated Future Amortization of Intangibles (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 1,657,881
2022	1,657,881
2023	1,657,881
2024	1,657,881
2025	1,446,452
Thereafter	4,320,361
Total	$ 12,398,337

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued taxes - other	$ 211,421	$ 261,396
Accrued payroll and benefits	425,130	482,719
Accrued professional fees	443,084	201,318
Customer deposits		13,212
Accrued interest	463,489	341,559
Accrued legal contingencies	240,105	240,105
Earnout	200,000
Other	118,381	54,359
Total accrued expenses and other current liabilities	$ 2,101,610	$ 1,485,062

Debt (Details Narrative)

Debt (Details Narrative)

Dec. 15, 2020USD ($)shares

Oct. 07, 2020USD ($)shares

Aug. 12, 2020USD ($)

Aug. 04, 2020USD ($)shares

Jul. 29, 2020USD ($)d / TradingDays$ / sharesshares

Jul. 23, 2020USD ($)shares

Jul. 14, 2020USD ($)shares

May 28, 2020USD ($)shares

May 19, 2020USD ($)

May 04, 2020USD ($)

Apr. 24, 2020USD ($)$ / sharesshares

Apr. 15, 2020USD ($)

Apr. 07, 2020USD ($)d / TradingDays$ / sharesshares

Feb. 21, 2020USD ($)

Jan. 29, 2020USD ($)shares

Jan. 24, 2020USD ($)

Jan. 24, 2020USD ($)shares

Jan. 23, 2020USD ($)$ / sharesshares

Jan. 17, 2020USD ($)shares

Jan. 15, 2020USD ($)shares

Jan. 10, 2020USD ($)shares

Jan. 02, 2020USD ($)shares

Dec. 04, 2019USD ($)$ / sharesshares

Nov. 18, 2019USD ($)

Nov. 12, 2019USD ($)

Apr. 30, 2019

Dec. 31, 2020USD ($)shares

Dec. 31, 2019USD ($)shares

Mar. 06, 2019USD ($)shares

Proceeds from convertible notes payable

$ 2,067,123

$ 1,111,111

Beneficial conversion option

2,542,458

387,280

Debt instrument, unamortized discount

349,341

Stock issued during period, value

2,039,303

Stock issued during period, incentive shares value

738,300

Proceeds from notes

$ 1,944,479

$ 2,482,500

Common stock, shares, issued | shares

14,471,403

8,015,756

Common stock, value, issued

$ 14,471

$ 8,016

Interest expense

3,378,130

1,298,168

Interest expense, related party

314,415

$ 320,781

Maximum [Member]

Receivables sold

$ 1,250,000

Receivables borrowing, percentage

85.00%

80.00%

Fee percentage of invoices financed

2.00%

2.00%

Minimum [Member]

Fee percentage of invoices financed

1.00%

1.00%

12% Convertible Promissory Note [Member]

Proceeds from convertible notes payable

$ 588,366

12% Convertible Promissory Note [Member] | Investor [Member]

Stock issued during period, shares | shares

100,000

Senior Convertible Promissory Note [Member]

Debt instrument, face amount

$ 560,000

Debt instrument, unamortized discount

$ 60,000

Payment of debt

$ 588,366

Debt effective interest rate

2.00%

Common stock, shares, issued | shares

15,000

Common stock, value, issued

$ 74,100

Common Stock [Member]

Stock issued during period, shares | shares

1,175,000

Beneficial conversion option

$ 1,284

$ 286

Beneficial conversion option, shares | shares

1,284,396

286,005

Stock issued during period, value

$ 1,175

Stock issued during the period, incentive shares | shares

291,736

Stock issued during period, incentive shares value

$ 292

Common stock, shares, issued | shares

14,471,403

8,015,756

Common Stock [Member] | 12% Convertible Promissory Note [Member]

Stock issued during period, shares | shares

60,000

Greentree Financial Group, Inc. [Member] | Investor [Member]

Warrants purchase | shares

550,000

Warrants description

Loan Agreement, the Note, and the Warrant to: (i) correct the effective date set forth in the Loan Agreement, Note and Warrant to January 23, 2020 and the due date to October 23, 2020, (ii) clarify the terms of the registration right provision in the Loan Agreement such that the Company was required to register a total of 1,500,000 shares of Common Stock, which such amount of shares is the sum of 550,000 shares of Common Stock issuable upon conversion of the Note, 550,000 Warrant Shares, the 100,000 Origination Shares, and 300,000 shares of Common Stock to account for changes to the conversion and/or exercise price under the Note and Warrant, and (iii) to ensure that the total number of shares of Common Stock issued pursuant to the Loan Agreement, the Note, and/or the Warrant, each as amended, does not exceed 17.99% of the Company's issued and outstanding Common Stock as of January 23, 2020. The Company is subject to a $35,000 penalty on a monthly basis if a registration statement is not effective after 105 days from January 23, 2020.

Debt instrument, face amount

$ 740,000

$ 360,000

Debt instrument, maturity date

Oct. 23, 2020

Beneficial conversion option

$ 586,785

Beneficial conversion option, shares | shares

550,000

Debt instrument, unamortized discount

$ 296,891

Stock issued during the period, incentive shares | shares

370,000

320,000

Stock issued during period, incentive shares value

$ 1,394,900

$ 1,158,400

Interest

$ 131,889

Greentree Financial Group, Inc. [Member] | Warrant shares [Member] | Investor [Member]

Stock issued during period, value

550,000

Greentree Financial Group, Inc. [Member] | Origination and Advisory Shares [Member] | Investor [Member]

Debt instrument, unamortized discount

201,324

Stock issued during period, value

$ 160,000

32 Entertainment LLC [Member] | Senior Secured Note [Member]

Warrants purchase | shares

50,000

Warrants price | $ / shares

$ 1.50

Warrants description

The 32E Warrant also contains a conversion limitation provision, which prohibits 32E from exercising the 32E Warrant in an amount that would result in the beneficial ownership of greater than 4.9% of the total issued and outstanding shares of common stock, provided that (i) such exercise limitation may be waived by 32E with 61 days prior notice, and (ii) 32E cannot waive the exercise limitation if conversion of the 32E Warrant would result in 32E having beneficial ownership of greater than 9.9% of the total issued and outstanding shares of common stock.

Warrants expiration date

Dec. 4, 2024

Debt instrument, face amount

$ 250,000

Stock issued during period, shares | shares

10,000

Debt instrument, maturity date

Dec. 4, 2020

Proceeds from notes

$ 250,000

Debt instrument, description

If the registration statement is not filed or declared effective within the timeframe set forth in the registration rights agreement, the Company was supposed to be obligated to pay to 32E a monthly amount equal to 1% of the total subscription amount paid by 32E until such failure is cured.

Debt discount rate

20.00%

32 Entertainment LLC [Member] | Subordinate Secured Note [Member]

Debt instrument, face amount

$ 200,000

Debt instrument, maturity date

May 21, 2021

Debt instrument, interest rate

16.00%

Debt periodic payment, principal

$ 50,000

Debt periodic payment, interest

6,250

Debt periodic payment

$ 56,250

32 Entertainment LLC [Member] | Subordinate Secured Note [Member] | Restricted Stock Units [Member]

Stock issued during period, shares | shares

40,000

Loan Agreement [Member]

Debt instrument, interest rate

1.50%

Loans payable

$ 400,000

Loan Agreement [Member] | Greentree Financial Group, Inc. [Member]

Convertible notes payable

$ 1,100,000

Investor purchase percent

10.00%

Debt instrument, conversion price | $ / shares

$ 2

Debt instrument, face amount

$ 1,100,000

Loan Agreement [Member] | Greentree Financial Group, Inc. [Member] | Warrant [Member]

Warrants purchase | shares

550,000

Warrants price | $ / shares

$ 0.001

Warrants description

The Note is convertible at any time at a price of $2.00 per share, subject to certain adjustments to the conversion price set forth in the Note. The Note reiterates the registration rights set forth in the Loan Agreement and the Warrant. There is no prepayment penalty on the Note.

Warrants expiration date

Jan. 23, 2023

Loan Agreement [Member] | ED Roses, LLC [Member] | Sook Hyun Lee [Member]

Warrants expiration date

Apr. 15, 2020

Debt instrument, interest rate

15.00%

Loans payable

$ 150,000

Common stock in reserve | shares

75,000

Commitment fee

$ 30,000

Loan Agreement [Member] | Edison Nation Inc. [Member] | Paycheck Protection Program [Member]

Debt instrument, maturity date

Apr. 15, 2022

Debt instrument, interest rate

1.00%

Proceeds from loan

$ 789,852

Loan Agreement [Member] | TBD Safety, LLC [Member] | Paycheck Protection Program [Member]

Debt instrument, maturity date

May 4, 2022

Debt instrument, interest rate

1.00%

Proceeds from loan

$ 62,500

Securities Purchase Agreement [Member] | Jefferson Street Capital, LLC. [Member] | Investor [Member]

Debt instrument, conversion price | $ / shares

$ 2.05

$ 2.05

Debt instrument, face amount

$ 224,000

$ 168,000

Stock issued during period, shares | shares

14,266

10,700

Debt instrument, unamortized discount

$ 24,000

$ 18,000

Proceeds from notes

$ 200,000

$ 150,000

Debt instrument, description

The Note has a term of six (6) months, is due on January 29, 2021 and has a one-time interest charge of 2%.

The Note has a term of six (6) months, is due on October 7, 2020 and has a one-time interest charge of 2%.

Debt conversion description

Upon an Event of Default, the Conversion Price shall equal the Alternate Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Alternate Conversion Price" shall equal the lesser of (i) 80% multiplied by the average of the three lowest daily volume weighted average prices ("VWAP") during the previous twenty (20) Trading Days (as defined below) before the Issue Date of this Note (representing a discount rate of 20%) or (ii) 80% multiplied by the Market Price (as defined herein) (representing a discount rate of 20%). "Market Price" means the average of the three lowest daily VWAPs for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.

Upon an Event of Default, the Conversion Price shall equal the Alternate Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Alternate Conversion Price" shall equal the lesser of (i) 80% multiplied by the average of the three lowest daily volume weighted average prices ("VWAP") during the previous twenty (20) Trading Days (as defined below) before the Issue Date of this Note (representing a discount rate of 20%) or (ii) 80% multiplied by the Market Price (as defined herein) (representing a discount rate of 20%). "Market Price" means the average of the three lowest daily VWAPs for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.

Trading days | d / TradingDays

20

20

Debt discount rate

20.00%

Securities Purchase Agreement [Member] | BHP Capital NY Inc. [Member] | Investor [Member]

Debt instrument, conversion price | $ / shares

$ 2.05

Debt instrument, face amount

$ 168,000

Stock issued during period, shares | shares

10,700

Debt instrument, unamortized discount

$ 18,000

Proceeds from notes

$ 150,000

Debt instrument, description

The Note has a term of six (6) months, is due on October 7, 2020 and has a one-time interest charge of 2%.

Debt conversion description

Upon an Event of Default, the Conversion Price shall equal the Alternate Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Alternate Conversion Price" shall equal the lesser of (i) 80% multiplied by the average of the three lowest daily volume weighted average prices ("VWAP") during the previous twenty (20) Trading Days (as defined below) before the Issue Date of this Note (representing a discount rate of 20%) or (ii) 80% multiplied by the Market Price (as defined herein) (representing a discount rate of 20%). "Market Price" means the average of the three lowest daily VWAPs for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. The Note increased 130% due to the occurrence of the default but was subsequently paid in full on February 26, 2021.

Trading days | d / TradingDays

20

Debt discount rate

20.00%

Forbearance Agreement [Member] | Investor [Member]

Debt instrument, face amount

$ 45,000

Stock issued during period, shares | shares

41,730

Forbearance fee

$ 12,500

Debt Conversion Agreement [Member]

Debt instrument, conversion price | $ / shares

$ 2

Debt instrument, face amount

$ 424,000

Share issued price per share | $ / shares

$ 2.08

Stock issued for restricted common stock | shares

212,000

5% Promissory Note Agreement [Member] | Ralls Note [Member]

Warrants purchase | shares

125,000

Warrants expiration date

Jul. 10, 2020

Debt instrument, face amount

$ 267,000

Debt instrument, unamortized discount

17,000

Payment of debt

250,000

Issuance of warrants purchase value

$ 86,725

Incentive shares | shares

33,000

Incentive shares, value

$ 79,860

5% Promissory Note Agreement [Member] | Solit Note [Member]

Warrants purchase | shares

50,000

Warrants expiration date

Jul. 15, 2020

Debt instrument, face amount

$ 107,000

Debt instrument, unamortized discount

7,000

Stock issued during the period, incentive shares | shares

10,000

Payment of incentive

$ 10,000

Payment of debt

100,000

Issuance of warrants purchase value

$ 31,755

Incentive shares | shares

13,000

Incentive shares, value

$ 30,420

5% Promissory Note Agreement [Member] | 'O'Leary Note [Member]

Warrants purchase | shares

25,000

Warrants expiration date

Jul. 17, 2020

Debt instrument, face amount

$ 53,500

Debt instrument, unamortized discount

3,500

Payment of debt

50,000

Issuance of warrants purchase value

$ 16,797

Incentive shares | shares

6,500

Incentive shares, value

$ 15,535

5% Promissory Note Agreement [Member] | Restricted Common Stock [Member] | Solit Note [Member]

Stock issued during period, value

$ 5,000

Note Agreement and Common Stock Purchase Warrant [Member] | Paul J. Solit & Julie B. Solit [Member]

Debt instrument, maturity date

Dec. 15, 2020

Debt instrument, unamortized discount

$ 14,000

Note Agreement and Common Stock Purchase Warrant [Member] | Richard O'Leary [Member]

Warrants expiration date

Jun. 30, 2021

Debt instrument, maturity date

Jan. 17, 2021

Debt instrument, unamortized discount

$ 7,000

Additional incentive shares | shares

6,500

Additional incentive shares, value

$ 24,570

Note Agreement and Common Stock Purchase Warrant [Member] | Lender [Member] | Paul J. Solit & Julie B. Solit [Member]

Additional incentive shares | shares

13,000

Additional incentive shares, value

$ 49,140

Note Agreement and Common Stock Purchase Warrant [Member] | Lender [Member] | Richard O'Leary [Member]

Additional incentive shares | shares

6,500

Note Agreement and Common Stock Purchase Warrant [Member] | Equity Trust Company [Member]

Stock issued during period, shares | shares

33,000

Incentive shares, value

$ 124,740

Note Agreement and Common Stock Purchase Warrant [Member] | Equity Trust Company [Member] | Rawleigh H. Ralls IRA [Member]

Stock issued during period, shares | shares

191,000

Debt instrument, maturity date

Jan. 10, 2021

Debt instrument, unamortized discount

$ 34,000

Incentive shares | shares

33,000

Additional incentive shares | shares

33,000

Warrant shares | shares

125,000

Note Agreement and Common Stock Purchase Warrant [Member] | Equity Trust Company [Member] | Lender [Member]

Additional incentive shares | shares

33,000

Financing Arrangement [Member]

Finance receivables

$ 367,976

Receivables Purchase Agreement [Member]

Receivables sold

$ 337,500

$ 250,000

Proceeds from receivables

$ 250,000

$ 200,000

Purchase of Inventory and Repurchase Agreement [Member]

Debt instrument, maturity date

Dec. 10, 2020

Purchase of Inventory and Repurchase Agreement [Member] | Assignee [Member]

Debt instrument, description

The Company agreed to pay the Purchaser-Assignee 2% per month for extension periods commencing July 1, 2020 through December 10, 2020.

Commitment fee

$ 13,053

Finance receivables

128,077

Secured Line of Credit Agreement [Member]

Debt instrument, face amount

$ 2,500,000

Debt instrument, description

In the event of a default, any and all amounts due to PPE by Global, including principal and accrued but unpaid interest, shall increase by forty (40%) percent and the interest shall increase to five (5%) percent (the "Default Interest").

Debt instrument, interest rate

3.00%

Line of credit

$ 1,133,652

Debt instrument term

6 months

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Total lines of credit	$ 1,500,953	$ 456,995
Less: current portion of long-term notes payable	(577,260)
Total long-term debt	7,930,477
Noncurrent portion of long-term debt - related parties	1,403,756	1,595,669
Senior Convertible Notes Payable [Member]
Debt issuance costs	(280,511)	(366,666)
Senior convertible notes payable	1,428,161	1,428,161
Convertible notes payable	591,104
Total long-term senior convertible notes payable	1,738,754	1,061,495
Less: current portion of long-term notes payable	(577,260)
Noncurrent portion of long-term convertible notes payable	1,161,494	1,061,495
Notes Payable [Member]
Debt issuance costs	(34,997)	(212,848)
Notes payable	1,932,088	1,621,015
Total long-term debt	1,897,091	1,408,167
Less: current portion of long-term debt	(1,301,212)	(1,365,675)
Noncurrent portion of long-term debt	595,879	42,492
Notes Payable - Related Parties [Member]
Debt issuance costs	(33,833)	(1,686,352)
Notes payable	2,827,512	3,282,021
Total notes payable - related parties:	2,793,679	1,595,669
Less: current portion of long-term debt - related parties	(1,389,922)
Noncurrent portion of long-term debt - related parties	1,403,757	1,595,669
Line of Credit [Member]
Asset backed line of credit	472,567	1,133,652
Receivables financing		367,301
Debt issuance costs	(15,573)
Total lines of credit	$ 456,995	$ 1,500,953

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Details)	Dec. 31, 2020USD ($)
Debt Disclosure [Abstract]
2021	$ 4,852,023
2022	1,987,520
2023	1,440,275
2024
2025
Thereafter
Long-term Debt, Gross	8,279,818
Less: debt discount	(349,341)
Long-term Debt	$ 7,930,477

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets	$ 2,948,616	$ 1,377,352
Deferred tax assets, valuation allowance	3,787,252	2,424,196
Federal [Member]
Operating loss carryforwards	14,811,423	9,675,770
State [Member]
Operating loss carryforwards	$ 12,911,504	$ 7,532,274

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income before Income Tax, Domestic and Foreign (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
United States	$ (6,287,903)	$ (14,210,716)
Foreign
Income before income taxes	$ (6,287,903)	$ (14,210,716)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Stock-based compensation	$ 1,025,745	$ 987,747
Operating lease liabilities	32,653	158,430
Net operating loss carryforwards	3,567,490	2,324,863
Less: valuation allowance	(3,787,252)	(2,424,196)
Net deferred tax assets	838,636	1,046,844
Right of use assets	(32,137)	(153,741)
Goodwill and intangible assets	(724,395)	(811,000)
Property and equipment	(82,103)	(82,103)
Net deferred tax liabilities	(838,636)	(1,046,844)
Net deferred taxes

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Current: Federal
Current: Foreign
Current: State and local	19,197	(22,373)
Total current	19,197	(22,373)
Deferred: Federal	(1,166,562)	(896,468)
Deferred: Foreign
Deferred: State and local	(196,494)	(333,141)
Less: valuation allowance	1,363,056	1,229,609
Total deferred
Income tax provision (benefit)	$ 19,197	$ (22,373)

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax at federal statutory rate	21.00%	21.00%
Effect of U.S. tax law change	0.00%	0.00%
U.S. income subject to valuation allowance	(20.90%)	(14.60%)
State and local income taxes	(0.30%)	0.20%
Foreign income not subject to U.S. federal tax	0.00%	0.00%
Foreign tax	0.00%	0.00%
Nondeductible expenses	(0.10%)	(6.50%)
Other	0.00%	0.00%
Effective income tax rate	(0.30%)	(0.10%)

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Nov. 17, 2020	Aug. 01, 2018	Dec. 31, 2020	Dec. 31, 2019
Due to related parties, current			$ 32,452	$ 17,253
SRM LLC and NL Penn Capital, LP. [Member]
Due to related parties, current			32,452	17,253
Enventys Partners, LLC [Member]
Related party fee related to services		$ 15,000	105,424	$ 97,500
Inventory Management Agreement [Member] | Forever 8 Fund, LLC [Member]
Ownership interest	45.00%
Advanced the vendors	$ 239,283		$ 155,768

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($)	Apr. 05, 2021	Apr. 05, 2021	Feb. 24, 2021	Jan. 21, 2021	Apr. 14, 2020	Feb. 12, 2020	Jul. 02, 2019	Jun. 06, 2018	Dec. 31, 2020	Aug. 01, 2020	Dec. 31, 2019
Operating leases, rent expense									$ 368,029		$ 451,711
Operating lease liabilities									155,490
Right of use assets, net									153,034		732,100
Cash outflows relating to operating lease liabilities									345,628		307,478
Expense for right of use assets									261,815		295,106
Gain (loss) on termination of lease									$ 27,129		0
Weighted-average remaining term									1 year 7 months 6 days
Weighted-average discount rate									4.00%
Operating leases, rent expense, sublease rentals									$ 102,815		$ 102,815
Bankruptcy description									On October 30, 2020, CBAV1, LLC filed a voluntary petition under Chapter 11 of title 11 of the United States Code, as amended (the "Bankruptcy Code"). On October 30, 2020, Cloud b filed a voluntary petition under Chapter 7 of the Bankruptcy Code. On November 15, 2020, a prospective buyer entered into a non-binding letter of intent to purchase the CBAV1 Assets for $2,250,000.
Settlement Agreement [Member] | Subsequent Event [Member]
Commitment description		Under the terms of the Settlement, the Company is to make payment in the amount of $25,000 on or before April9, 2021. The Company made the payment on April 8, 2021.
Clearwater, Florida [Member]
Lease expiration date										Jul. 31, 2022
Operating leases, rent expense, minimum rentals										$ 5,994
Operating leases, future minimum payments due										$ 137,836
Bethlehem, Pennsylvania [Member]
Lease expiration date							Jul. 31, 2022
Operating leases, rent expense, minimum rentals							$ 2,415
Operating leases, future minimum payments due							$ 89,000
Best Party Concepts, LLC [Member]
Lease expiration date								May 30, 2020
Oceanside Traders, LLC [Member]
Legal settlement amount					$ 440,383
Oceanside Traders, LLC [Member] | Plaintiff for Goods Sold [Member]
Legal settlement amount					141,007
Oceanside Traders, LLC [Member] | Overpayments [Member]
Legal settlement amount					138,180
Oceanside Traders, LLC [Member] | Lost Profits [Member]
Legal settlement amount					$ 161,196
Oceanside Traders, LLC [Member] | Settlement Agreement [Member] | Subsequent Event [Member]
Commitment description			Under the terms of the Settlement Agreement, the Settling Defendants agreed to pay the Plaintiff the sum of $150,000 within one business day of execution of the Settlement Agreement. In exchange, the Plaintiff agreed to dismiss the Amended Complaint in its entirety and with prejudice against the Settling Defendants. The Company made payment in the amount of $150,000 on February 25, 2021.
Rosenberg Fortuna & Laitman LLP [Member]
Legal settlement amount						$ 50,000
Rosenberg Fortuna & Laitman LLP [Member] | Settlement Agreement [Member] | Subsequent Event [Member]
Commitment description	Under the terms of the Settlement, the Company is to make payment in the amount of $25,000 on or before April9, 2021. The Company made payment in the amount of $25,000 on April 8, 2021.
CBAVI, LLC [Member] | Asset Purchase Agreement [Member] | Subsequent Event [Member]
Purchase of asset				$ 2,250,000

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Reconciliation of Future Undiscounted Cash Flows (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
2021	$ 101,798
2022	59,596
2023
2024
2025
2026 and thereafter
Total future lease payments	161,394
Less: imputed interest	(5,904)
Present value of future operating lease payments	155,490
Less: current portion of operating lease liabilities	(96,777)	$ (272,215)
Operating lease liabilities, net of current portion	58,713	482,212
Right of use assets - operating leases, net	$ 153,034	$ 732,100

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Apr. 07, 2021	Oct. 16, 2020	Jul. 15, 2020	Jan. 02, 2020	Nov. 15, 2019	Oct. 02, 2019	May 13, 2019	Sep. 26, 2018	Oct. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Mar. 25, 2020	Feb. 09, 2018
Common stock, shares authorized										250,000,000	250,000,000
Common stock, shares, issued										14,471,403	8,015,756
Common stock, shares, outstanding										14,471,403	8,015,756
Preferred stock, par value										$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized										30,000,000	30,000,000
Stock issued during period, value											$ 2,039,303
Proceeds from issuance of common stock									$ 2,039,303		2,048,562
Preferred stock designation										1,000,000
Stock-based compensation										$ 3,241,764	$ 2,299,915
Share-based compensation arrangement by share-based payment award, options, nonvested, number of shares										0
Employee service share-based compensation, nonvested awards, compensation not yet recognized, stock options										$ 0
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition										1 year
Common stock, par value										$ 0.001	$ 0.001
Gross proceeds from the PIPE transaction									2,350,000
Payments for placement agent and lawyers fees									310,697
Stock Option [Member]
Share-based compensation arrangement by share-based payment award, number of shares authorized								20,000
Restricted Stock [Member]
Restricted stock grant date								1 year
Restricted stock unit vested								20,000
Alexander Capital, LP [Member]
Proceeds from issuance of common stock									2,039,303
Gross proceeds from the PIPE transaction									2,350,000
Payments for placement agent and lawyers fees									310,697
Placement agent commission									141,000
Payments for placement agent debt restructuring fee									64,208
Placement agent debt conversion fee									15,889
Placement agent fees									$ 33,600
Selling Agent Warrants [Member] | Selling Agent Agreement [Member]
Value of warrants issued, percentage										6.00%
Percentage of exercise price of shares issued										125.00%
Non-Employee Directors [Member] | Restricted Stock [Member]
Restricted stock unit vested				30,000
Non-Employee Directors [Member] | Annual Retainer [Member]
Stock-based compensation								$ 20,000
Non-Employee Directors [Member] | Annual Committee Meeting Fee [Member]
Stock-based compensation								$ 5,000
Toper Taylor [Member] | Restricted Stock [Member]
Restricted stock unit vested					30,000
Accredited Investors [Member] | PIPE Purchase Agreement [Member]
Stock issued during period, shares						1,175,000
Common stock, par value						$ 0.001
Purchase price per share						$ 2
Percentage the entity is obligated to pay on total purchase price per month						1.00%
Maximum percentage the entity is obligated to pay on total purchase price in aggregate						8.00%
Debt conversion, converted instrument, shares							560,185
Debt instrument, convertible, conversion price							$ 2
Omnibus Incentive Plan [Member]
Stock issued during period, shares			1,764,705
Share-based compensation arrangement by share-based payment award, number of shares authorized													1,764,705
Omnibus Incentive Plan [Member] | Subsequent Event [Member]
Stock issued during period, shares	258,376
Share-based compensation arrangement by share-based payment award, number of shares authorized	287,659
Series B Convertible Preferred Stock [Member]
Preferred stock, par value		$ 0.001
Preferred stock designation		1,000,000
Minimum [Member]
Preferred stock, shares authorized												0
Maximum [Member]
Preferred stock, shares authorized												30,000,000
Common Stock [Member]
Common stock, shares authorized										250,000,000	250,000,000
Common stock, shares, issued										14,471,403	8,015,756
Common stock, shares, outstanding										14,471,403	8,015,756
Stock issued during period, shares											1,175,000
Stock issued during period, value											$ 1,175
Common Stock [Member] | Maximum [Member] | Series B Convertible Preferred Stock [Member]
Stock issued during period, shares		1,000,000
Placement Agent Warrants [Member]
Number of warrants to purchase common stock									70,500
Warrant, exercise price									$ 2.50

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Stock Compensation Expense by Award Type (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Allocated Share-based Compensation Expense	$ 3,241,764	$ 2,299,915
Stock Option Awards [Member]
Allocated Share-based Compensation Expense	46,605	175,675
Non-Employee Awards [Member]
Allocated Share-based Compensation Expense	3,100,255	1,564,670
Restricted Stock Unit Awards [Member]
Allocated Share-based Compensation Expense	68,400	447,300
Phantom Stock Awards [Member]
Allocated Share-based Compensation Expense	$ 26,504	$ 112,270

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Share-based Compensation, Stock Options, Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Shares, Balance, January 1, 2020	80,000	290,000
Shares, Granted
Shares, Forfeited		(210,000)
Shares, Balance, December 31, 2020	80,000	80,000
Shares, Exercisable, Balance, December 31, 2020	80,000	53,333
Weighted Average Exercise Price, Balance, January 1, 2020	$ 7.01	$ 5.55
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Forfeited		5
Weighted Average Exercise Price, Balance, December 31, 2020	7.01	7.01
Weighted Average Exercise Price, Exercisable, Balance, December 31, 2020	$ 7.01	$ 7.01
Remaining Contractual Life in Years, Balance, January 1, 2020	2 years 8 months 12 days	4 years 2 months 12 days
Remaining Contractual Life in Years, Granted	0 years	0 years
Remaining Contractual Life in Years, Forfeited	0 years	0 years
Remaining Contractual Life in Years, Balance, December 31, 2020	2 years 8 months 12 days	2 years 8 months 12 days
Remaining Contractual Life in Years, Exercisable, Balance, December 31, 2020	2 years 8 months 12 days	3 years 8 months 12 days
Aggregate Intrinsic Value, Balance, January 1, 2020
Aggregate Intrinsic Value, Granted
Aggregate Intrinsic Value, Forfeited
Aggregate Intrinsic Value, Balance, December 31, 2020
Aggregate Intrinsic Value, Exercisable, Balance, December 31, 2020

Discontinued Operations (Detail

Discontinued Operations (Details Narrative)	Nov. 30, 2020shares
custom:StockExchangeAgreementMember | SRM Entertainment, LTD [Member] | Restricted Stock [Member]
Business acquisition number of shares acquired	200,000

Discontinued Operations - Sched

Discontinued Operations - Schedule of Balance Sheets and Income Operations of Discontinued Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Cash and cash equivalents	$ 43,405	$ 178,485
Accounts receivable, net	237,093	803,316
Inventory	77,710	126,739
Prepaid expenses and other current assets	42,104	31,667
Income tax receivable	120,211	147,889
Total current assets		1,288,096
Property and equipment, net	28,504	56,049
Total assets	549,027	1,344,145
Accounts payable	677,326	1,382,055
Accrued expenses and other current liabilities	73,615	109,607
Line of credit
Notes payable, current
Due to related party
Total current liabilities		1,491,662
Revenues, net	2,727,346	7,105,630
Cost of revenues	2,145,989	5,289,781
Gross profit	581,357	1,815,849
Selling, general and administrative	1,211,050	1,824,645
Operating income	(629,693)	(8,796)
Interest income	1	985
Total other (expense) income	1	985
Loss before income taxes	(629,692)	(7,811)
Income tax expense	12,940	2,826
Net (loss) income	$ (642,632)	$ (10,637)

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)

Apr. 15, 2023

Apr. 15, 2022

Apr. 15, 2021

Apr. 07, 2021

Apr. 05, 2021

Mar. 31, 2021

Mar. 26, 2021

Mar. 19, 2021

Mar. 18, 2021

Mar. 12, 2021

Mar. 02, 2021

Feb. 24, 2021

Feb. 23, 2021

Feb. 19, 2021

Feb. 18, 2021

Feb. 12, 2021

Feb. 04, 2021

Feb. 02, 2021

Feb. 02, 2021

Feb. 01, 2021

Jan. 29, 2021

Jan. 25, 2021

Jan. 22, 2021

Jan. 21, 2021

Jan. 20, 2021

Jan. 19, 2021

Jan. 11, 2021

Jan. 10, 2021

Jan. 05, 2021

Jul. 29, 2020

Apr. 07, 2020

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Mar. 30, 2021

Stock issued during period, value

$ 2,039,303

Value of shares issued during period for service rendered

$ 738,300

Common stock, par value

$ 0.001

$ 0.001

Share issued during convertible securities

$ 2,542,458

$ 387,280

Bankruptcy description

On October 30, 2020, CBAV1, LLC filed a voluntary petition under Chapter 11 of title 11 of the United States Code, as amended (the "Bankruptcy Code"). On October 30, 2020, Cloud b filed a voluntary petition under Chapter 7 of the Bankruptcy Code. On November 15, 2020, a prospective buyer entered into a non-binding letter of intent to purchase the CBAV1 Assets for $2,250,000.

Common Stock [Member]

Stock issued during period, shares

1,175,000

Stock issued during period, value

$ 1,175

Number of shares issued during period for service rendered

291,736

Value of shares issued during period for service rendered

$ 292

Share issued during convertible securities, shares

1,284,396

286,005

Share issued during convertible securities

$ 1,284

$ 286

CBAV 1, LLC [Member] | Forecast [Member]

Cash payment on assets held in auction

$ 200,000

$ 150,000

$ 2,650,000

Securities Purchase Agreement [Member] | Jefferson Street Capital, LLC. [Member] | Investor [Member]

Stock issued during period, shares

14,266

10,700

Debt instrument, face amount

$ 224,000

$ 168,000

Debt conversion price per share

$ 2.05

$ 2.05

Employment Agreement [Member] | Brett Vroman [Member]

Annual base salary

$ 150,000

$ 150,000

$ 150,000

Subsequent Event [Member] | Trademarks [Member]

Stock issued during period, shares

25,000

Stock issued during period, value

$ 99,750

Subsequent Event [Member] | Consultant [Member]

Number of shares issued during period for service rendered

25,000

100,000

58,000

Value of shares issued during period for service rendered

$ 31,250

$ 327,000

$ 87,000

Subsequent Event [Member] | Employees [Member]

Stock issued during period, shares

450,000

Stock issued during period, value

$ 792,000

Number of shares issued during period for service rendered

30,000

13,705

255,000

Value of shares issued during period for service rendered

$ 40,800

$ 52,764

$ 351,900

Subsequent Event [Member] | Directors [Member]

Number of shares issued during period for service rendered

210,000

Value of shares issued during period for service rendered

$ 287,700

Subsequent Event [Member] | Consultant One [Member]

Number of shares issued during period for service rendered

150,000

Value of shares issued during period for service rendered

$ 20,550

Subsequent Event [Member] | Joint Venture [Member]

Stock issued during period, shares

25,000

Stock issued during period, value

$ 68,500

Subsequent Event [Member] | Counsel [Member]

Stock issued during period, shares

60,000

Stock issued during period, value

$ 231,000

Subsequent Event [Member] | Employees One [Member]

Number of shares issued during period for service rendered

50,000

Value of shares issued during period for service rendered

$ 68,000

Subsequent Event [Member] | Greentree Financing [Member]

Share issued during convertible securities, shares

243,483

Share issued during convertible securities

$ 486,966

Subsequent Event [Member] | Investment Banking Services [Member]

Stock issued during period, shares

100,000

Stock issued during period, value

$ 319,000

Subsequent Event [Member] | Noteholder [Member]

Share issued during convertible securities, shares

250,750

150,425

100,167

1,505,502

Share issued during convertible securities

$ 501,500

$ 300,850

$ 200,334

$ 3,011,004

Subsequent Event [Member] | Noteholder [Member]

Share issued during convertible securities, shares

501,750

Share issued during convertible securities

$ 1,003,500

Subsequent Event [Member] | Noteholder [Member]

Share issued during convertible securities, shares

1,003,667

Share issued during convertible securities

$ 2,007,334

Subsequent Event [Member] | Noteholder [Member]

Share issued during convertible securities, shares

1,003,667

Share issued during convertible securities

$ 2,007,334

Subsequent Event [Member] | Noteholder [Member]

Share issued during convertible securities, shares

1,003,667

Share issued during convertible securities

$ 2,007,334

Subsequent Event [Member] | Warrant [Member]

Stock issued during period, shares

25,000

Stock issued during period, value

$ 50,000

Subsequent Event [Member] | Common Stock [Member] | Consultants [Member]

Number of shares issued during period for service rendered

150,000

Value of shares issued during period for service rendered

$ 187,500

Subsequent Event [Member] | 2020 Omnibus Plan [Member]

Number of shares issued during period for service rendered

100,000

150,000

Value of shares issued during period for service rendered

$ 150,000

$ 225,000

Subsequent Event [Member] | Warrant [Member]

Stock issued during period, shares

209

50,000

Stock issued during period, value

$ 100,000

Subsequent Event [Member] | Warrant [Member] | Greentree Financing [Member]

Stock issued during period, shares

350,000

200,000

Stock issued during period, value

$ 525,000

$ 300,000

Subsequent Event [Member] | Placement Agent Warrant [Member]

Stock issued during period, shares

51,129

Stock issued during period, value

$ 76,694

Subsequent Event [Member] | Placement Agent Warrant One [Member]

Stock issued during period, shares

67,744

Stock issued during period, value

$ 101,616

Subsequent Event [Member] | Placement Agent Warrant Two [Member]

Stock issued during period, shares

20,358

Stock issued during period, value

$ 30,537

Subsequent Event [Member] | Placement Agent Warrant Three [Member]

Stock issued during period, shares

20,358

Stock issued during period, value

$ 30,537

Subsequent Event [Member] | Offering [Member] | Investor [Member]

Debt instrument, face amount

$ 12,000,000

Common stock, par value

$ 0.001

Debt instrument, interest rate, effective percentage

6.00%

Debt conversion price per share

$ 2

Subsequent Event [Member] | Offering [Member] | Event of Default [Member] | Investor [Member]

Debt instrument, interest rate, effective percentage

12.00%

Subsequent Event [Member] | Satisfaction of Compensation Due [Member] | Common Stock [Member] | Director [Member]

Number of shares issued during period for service rendered

16,667

Value of shares issued during period for service rendered

$ 20,000

Subsequent Event [Member] | Satisfaction of Compensation Due One [Member] | Common Stock [Member] | Director [Member]

Number of shares issued during period for service rendered

79,167

Value of shares issued during period for service rendered

$ 95,000

Subsequent Event [Member] | Satisfaction of Compensation Due Two [Member] | Common Stock [Member] | Director [Member]

Number of shares issued during period for service rendered

83,333

Value of shares issued during period for service rendered

$ 100,000

Subsequent Event [Member] | Satisfaction of Compensation Due Three [Member] | Common Stock [Member] | Director [Member]

Number of shares issued during period for service rendered

75,000

Value of shares issued during period for service rendered

$ 90,000

Subsequent Event [Member] | Additional Incentive [Member] | Common Stock [Member] | Director [Member]

Number of shares issued during period for service rendered

5,000

Value of shares issued during period for service rendered

$ 7,850

Subsequent Event [Member] | Additional Incentive One [Member] | Common Stock [Member] | Director [Member]

Number of shares issued during period for service rendered

20,000

Value of shares issued during period for service rendered

$ 26,600

Subsequent Event [Member] | Additional Incentive Two [Member] | Common Stock [Member] | Director [Member]

Number of shares issued during period for service rendered

10,000

Value of shares issued during period for service rendered

$ 13,900

Subsequent Event [Member] | Jefferson Street Capital, LLC. [Member]

Stock issued during period, shares

27,415

27,415

Stock issued during period, value

$ 87,454

$ 43,041

Subsequent Event [Member] | CBAV 1, LLC [Member]

Bankruptcy description

On March 12, 2021, the bankruptcy court approved the sale of the CBAV1, LLC Assets to the winning bidder at the auction held for a total sum of $3,000,000, contingent upon a cash payment at closing which is anticipated on April 15, 2021 in the amount of $2,650,000 and additional payments in the amount of $150,000 on April 15, 2022 and $200,000 on April 15, 2023.

Purchase of asset

$ 3,000,000

Subsequent Event [Member] | Platform License Agreement [Member] | Honey Badger Media, LLC [Member]

Stock issued during period, shares

750,000

Stock issued during period, value

$ 1,125,000

Subsequent Event [Member] | Second Amendmentt [Member] | Equity Trust Company [Member]

Number of shares issued during period for service rendered

20,000

Payment of incentive

$ 20,000

$ 20,000

Subsequent Event [Member] | Second Amendmentt [Member] | Equity Trust Company [Member] | Restricted Common Stock [Member]

Stock issued during period, value

$ 15,000

Subsequent Event [Member] | Second Amendmentt [Member] | Richard O'Leary [Member]

Number of shares issued during period for service rendered

5,000

Payment of incentive

$ 5,000

Subsequent Event [Member] | Second Amendmentt [Member] | Richard O'Leary [Member] | Restricted Common Stock [Member]

Stock issued during period, value

$ 5,000

Subsequent Event [Member] | Securities Purchase Agreement [Member] | Investor [Member]

Stock issued during period, value

$ 10,000,000

Common stock, par value

$ 0.001

Debt instrument, interest rate, effective percentage

12.00%

Debt conversion price per share

$ 4.847

Ownership percentage

250.00%

Warrant, exercise price

$ 2

Number of warrants to purchase common stock

15,000,000

Warrant term

5 years

Debt instrument, interest rate

6.00%

Debt maturity date

Feb. 23, 2022

Subsequent Event [Member] | Securities Purchase Agreement [Member] | Warrant [Member]

Warrant, exercise price

$ 2.20

Number of warrants to purchase common stock

1,500,000

Warrant percentage equal to common stock

100.00%

Subsequent Event [Member] | Securities Purchase Agreement [Member] | Placement Agent [Member]

Proceeds from related party

$ 1,080,000

Gross proceeds from agent percentage

8.00%

Warrant percentage equal to common stock

8.00%

Subsequent Event [Member] | Securities Purchase Agreement [Member] | Additional Plus [Member]

Gross proceeds from agent percentage

1.00%

Subsequent Event [Member] | Securities Purchase Agreement [Member] | Private Placement Offerings [Member]

Stock issued during period, value

$ 3,300,000

Common stock, par value

$ 0.001

Number of shares issued during period of restricted stock

1,500,000

Warrant term

5 years

Subsequent Event [Member] | Registration Rights Agreement [Member] | Investor [Member]

Debt converted instrument amount

$ 11,000,000

Agreement description

The Company also entered into a Registration Rights Agreement with the Investor (the "Registration Rights Agreement"). The Registration Rights Agreement provides that the Company shall (i) file with the Securities and Exchange Commission (the "Commission") a Registration Statement by 30 days following the Closing Date to register the Conversion Shares and Warrant Shares (the "Registration Statement"); and (ii) use all commercially reasonable efforts to have the Registration Statement declared effective by the Commission within 60 days following the Closing Date or at the earliest possible date, or 75 days following the Closing Date if the Registration Statement receives comments from the Commission.

Subsequent Event [Member] | Employment Agreement [Member] | Christopher Ferguson [Member]

Agreement description

The Base Salary shall be payable in accordance with the Company's normal payroll procedures in effect from time to time. The Base Salary due of shares, shall be payable within the first 30 days of the year. On each anniversary of the Agreement, the base salary will increase no less than $15,000 ("minimum"). For 2021, the Executive shall receive a cash bonus in the amount equal to 30% of the annual Base Salary, and an award of 200% shares of the Company's common stock, which shall vest in their entirety on issuance (the "Principal Market"), which shall be received by the Executive no later than the first 30 days of the current fiscal year. The Executive shall be entitled to 150,000 shares of the Company's common stock, due immediately upon an increase of 2.5 times the Enterprise Value on a 5-day closing average from the effectiveness of the Agreement.

Agreement term

3 years

Annual base salary

$ 200,000

Common stock vested shares

120,000

Common stock vested value

$ 25,042,464

Subsequent Event [Member] | Employment Agreement [Member] | Christopher Ferguson [Member] | Minimum [Member]

Annual base salary

$ 15,000

Subsequent Event [Member] | Employment Agreement [Member] | Brett Vroman [Member]

Agreement description

The Base Salary due of shares, shall be payable within the first 30 days of the year. On each anniversary of the Agreement, the base salary will increase no less than $15,000 ("minimum"). For 2021, Executive shall receive a cash bonus in the amount equal to 30% of the annual Base Salary, and an award of 200% shares of the Company's common stock, which shall vest in their entirety on issuance (the "Principal Market"), which shall be received by the Executive no later than the first 30 days of the current fiscal year. Upon the execution of this agreement, the Executive is entitled to a one-time past performance bonus for the work completed in fiscal years 2018, 2019 and 2020 of 150,000 shares of the Company's common stock, which shall vest in their entirety on issuance. The Executive shall be entitled to100,000 shares of the Company's common stock, due immediately upon an increase of 2.5 times the Enterprise Value on a 5-day closing average from the effectiveness of the Agreement.

Agreement term

3 years

Annual base salary

$ 200,000

Common stock vested shares

120,000

Common stock vested value

$ 25,042,464

Subsequent Event [Member] | Employment Agreement [Member] | Brett Vroman [Member] | Minimum [Member]

Annual base salary

$ 15,000

Subsequent Event [Member] | Employment Agreement [Member] | Brian Mc Fadden [Member]

Agreement description

The Base Salary due of shares, shall be payable within the first 30 days of the year. On each anniversary of the Agreement, the base salary will increase no less than $15,000 ("minimum"). For 2021, the Executive shall receive a cash bonus in the amount equal to 30% of the annual Base Salary, and an award of 200% shares of the Company's common stock, which shall vest in their entirety on issuance (the "Principal Market"), which shall be received by the Executive no later than the first 30 days of the current fiscal year. Upon the execution of the Agreement, the Executive is entitled to a one-time signing bonus of 150,000 shares of the Company's common stock, which shall vest in their entirety on issuance. The Executive shall be entitled to100,000 shares of the Company's common stock, due immediately upon an increase of 2.5 times the Enterprise Value on a 5-day closing average from the effectiveness of the Agreement.

Agreement term

3 years

Annual base salary

$ 200,000

Common stock vested shares

120,000

Common stock vested value

$ 25,042,464

Subsequent Event [Member] | Employment Agreement [Member] | Brian Mc Fadden [Member] | Minimum [Member]

Annual base salary

$ 15,000

Subsequent Event [Member] | Employment Agreement [Member] | Common Stock [Member] | Employees [Member]

Stock issued during period, shares

525,541

Stock issued during period, value

$ 924,952

Subsequent Event [Member] | Note Agreement [Member]

Stock issued during period, shares

25,000

Stock issued during period, value

$ 40,750

Subsequent Event [Member] | Settlement Agreement [Member]

Commitment description

Under the terms of the Settlement, the Company is to make payment in the amount of $25,000 on or before April9, 2021. The Company made the payment on April 8, 2021.

Subsequent Event [Member] | Settlement Agreement [Member] | Oceanside Traders, LLC [Member]

Commitment description

Under the terms of the Settlement Agreement, the Settling Defendants agreed to pay the Plaintiff the sum of $150,000 within one business day of execution of the Settlement Agreement. In exchange, the Plaintiff agreed to dismiss the Amended Complaint in its entirety and with prejudice against the Settling Defendants. The Company made payment in the amount of $150,000 on February 25, 2021.

Subsequent Event [Member] | Placement Agent Agreement [Member]

Stock issued during period, shares

96,000

Stock issued during period, value

$ 192,000

Subsequent Event [Member] | Termination Agreement [Member]

Payout for early termination

$ 14,135

Subsequent Event [Member] | Consulting Agreements [Member]

Number of shares issued during period for service rendered

150,000

Value of shares issued during period for service rendered

$ 382,500

Agreement term

6 months

Subsequent Event [Member] | Consulting Agreements [Member] | Consultant [Member]

Number of shares issued during period for service rendered

50,000

Subsequent Event [Member] | Consulting Agreements [Member] | 60-Day Anniversary [Member]

Number of shares issued during period for service rendered

50,000

Subsequent Event [Member] | Employment Agreement One [Member] | Common Stock [Member] | Employees [Member]

Stock issued during period, shares

475,451

Stock issued during period, value

$ 836,794

Subsequent Event [Member] | Employment Agreement Two [Member] | Common Stock [Member] | Employees [Member]

Stock issued during period, shares

597,273

Stock issued during period, value

$ 1,051,200

Subsequent Event [Member] | Asset Purchase Agreement [Member] | CBAV 1, LLC [Member]

Held in escrow

$ 700,000