Lisa. Thank you,
the of is integrate and expertise assets entertainment believe meaningful financial to ecosystem, media, us in is will for foundations mentioned our in Lisa as of and year, first we expected your platform strategy acquisition beyond. us, enable as the quarter benefits a performance our a platform into February of of This impact way. the its are we milestone one AdRizer our As finalized AdRizer. of which digital in advertising and we significant this XXXX These monetize to Lomotif
progress in spin-off steps completed we begin to of complete Cryptyde, Cryptyde XXXX. soon life well We completed. our financing anticipate to spin-off we its currently is Secondly, company continue which proposed a in on to during as as as believe second be the the with make standalone is needed of quarter to positioned order place
Now turning results. our to XXXX
partners, media financials, our the statement, sheet, is legacy company, businesses, sold States. during balance how formed growing Vinco we in operations was ZASH To user our Vinco complex providers flow the Lomotif in began do list an entertainment with Partners to it of joint for statement United America a South media review development of a spanning transform this venture, including XX% digital from XXXX busy cash a ZVV of With easy with of technologies stake As to ZASH discontinued is which we and funded Media and you see we and Global company. XXXX, to and or Singapore we into certain Asia, assets and the content - and strategic investments, acquired based Media. as
finally certain for arrangements, and spin-off In capital convertible complex that including of addition, accounting we warrant triggered instruments, prepared multiple debt subsidiaries funding warrants into entered and requirements. our
we in ended had from very As December with instrument. of financial XX, we of we with this transformative our At which these connection process. our XXXX. XXXX, enter cash are reflect in was complexities transactions $XXX position million convertible we restricted $XXX as But XXXX, pleased results our note million the
approximately of raise outstanding of for common for December had fully if XX, could exercised company. of warrants the as $XXX funds cash approximately addition, In million of purchase XXX million the for shares we which stock,
is on our previous the to warrants accounting fourth million Similar December. and at the estimated biggest December results quarter changes warrants warrant outstanding warrants with to of full the Associated XXst. a the the fair these of quarter, end liability is balance of our treatment reported $XXX year as of the in issuance of and sheet XXXX impact value
to that exercise or of price that As in the liability eventually a due is underlying is either company's a will and non-cash this the important warrant value liability reminder, to share eliminated will as warrants. be understand change exploration the fluctuates
X.X% operations for Vinco the of of for the warrant well for income Edison remaining on transition and equipment $XXX company's due growth from initial personal Revenue the the phased decreased of by fact, which offset impact the of quarter, treatment, revenue year-over-year the product the the media protective [ph] the Nation impact have is our results, to as line warrant product was our the a entertainment company. decline we Honey After division, quarter. the to liability in lines. out. realized reflect sales a as of packaging other liability segment, a Medical continue fourth due entertainment of in - warrant Badger, immersive operations the In of for revenues of a adjusting value accounting the - in to of activity quarter decline partially basis being This fourth and our million to fair business
million, $X.X compensation $XX.X cost incurred based the which million XX operating employees related covered million, were costs Otherwise, employees of operating $XX.X quarter expenses the to of and During we stock which expenses was XX compensation. for at our Lomotif. of the only fourth
mentioned that’s In professional important this cost million the transactions and event I all Lomotif the and $X.X included costs many the legal of with addition, associated associated to with fees earlier. our marketing
relatively look our I business, structure very low we at when So cost as XXXX. with core our enter happy I'm
million, the compared recognized For of quarter, we $XX.X quarter fourth the $X.X in of income fourth income net of XXXX. net to million
loss of of As warrant created in income income the on the mentioned in million against warrants above, value of fourth the to increase of during due was XXXX. net liability $XXX net the fourth netted the issued quarter primarily a quarter, fair which, a the impact a other decrease during
we are balance. into XXXX, in Moving balance believe our and entering cash position restricted cash the highlighted sheet, a to we strong by
Our review increased which liability growth the unamortized is along related million. section working with liability $XXX filed understand convertible aforementioned our note, to encourage debt the with of on with the XX-K everyone of our for balance the SEC the warrant the Friday costs, to company's requirements of listed the company. issuance I a the sheet further impact and of finally, net capital important strongly operations, other information information, reflects to Form results, along details of
our the the results first activity. the acquired our are with quarter jumping preparation impacts past quarter partial newly warrant which of quarter reflect now of of XX-Q, the of Finally, XXXX, continuing into we along the first as quickly of are first AdRizer, we will [ph]
clearly this from continue see XX-Q to with is advertising we core monetization. an digital XXXX, after transformative plan build more user which operating show expect revenue basis, to upon company potential in creating year media multiple what to base, XXXX. a streams expanding but Vinco we expect to with content We a cost In a to moderate
reporting that, for to turn to on XXXX With So call Lisa like closing Lisa? we the are remarks. to back eagerly looking first forward our quarter I'd results.
