| Schedule of reportable segments and corporate |
| | |
As of September 30, 2022 | |
| | |
Creatd Labs | | |
Creatd Ventures | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Accounts receivable, net | |
$ | - | | |
$ | 4,973 | | |
$ | 217,210 | | |
$ | - | | |
$ | 222,183 | |
| Prepaid expenses and other current assets | |
| 43,336 | | |
| - | | |
| - | | |
| 96,390 | | |
| 139,726 | |
| Deposits and other assets | |
| 576,551 | | |
| - | | |
| - | | |
| 192,585 | | |
| 769,136 | |
| Intangible assets | |
| 162,489 | | |
| 1,568,347 | | |
| 648,469 | | |
| 157,294 | | |
| 2,536,599 | |
| Goodwill | |
| - | | |
| 15,632 | | |
| 1,349,696 | | |
| - | | |
| 1,365,328 | |
| Inventory | |
| - | | |
| 879,050 | | |
| - | | |
| - | | |
| 879,050 | |
| All other assets | |
| - | | |
| - | | |
| - | | |
| 2,811,769 | | |
| 2,811,769 | |
| Total Assets | |
$ | 782,376 | | |
$ | 2,468,002 | | |
$ | 2,215,375 | | |
$ | 3,258,038 | | |
$ | 8,723,791 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
$ | 1,365 | | |
$ | 1,518,544 | | |
$ | 68,063 | | |
$ | 5,126,634 | | |
$ | 6,714,606 | |
| Note payable, net of debt discount and issuance costs | |
| 129,634 | | |
| 170,365 | | |
| - | | |
| 1,487,100 | | |
| 1,787,099 | |
| Deferred revenue | |
| 161,112 | | |
| - | | |
| 144,443 | | |
| - | | |
| 305,555 | |
| All other Liabilities | |
| - | | |
| - | | |
| - | | |
| 8,529,992 | | |
| 8,529,992 | |
| Total Liabilities | |
$ | 292,111 | | |
$ | 1,688,909 | | |
$ | 212,506 | | |
$ | 15,143,726 | | |
$ | 17,337,252 | |
| | |
As of December 31, 2021 | |
| | |
Creatd
Labs | | |
Creatd
Ventures | | |
Creatd
Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Accounts receivable, net | |
$ | - | | |
$ | 2,884 | | |
$ | 334,556 | | |
$ | - | | |
$ | 337,440 | |
| Prepaid expenses and other current assets | |
| 48,495 | | |
| - | | |
| - | | |
| 188,170 | | |
| 236,665 | |
| Deposits and other assets | |
| 626,529 | | |
| - | | |
| - | | |
| 92,422 | | |
| 718,951 | |
| Intangible assets | |
| - | | |
| 1,637,924 | | |
| 783,676 | | |
| 11,241 | | |
| 2,432,841 | |
| Goodwill | |
| - | | |
| 25,139 | | |
| 1,349,696 | | |
| - | | |
| 1,374,835 | |
| Inventory | |
| - | | |
| 106,403 | | |
| - | | |
| - | | |
| 106,403 | |
| All other assets | |
| - | | |
| - | | |
| - | | |
| 3,966,124 | | |
| 3,966,124 | |
| Total Assets | |
$ | 675,024 | | |
$ | 1,772,350 | | |
$ | 2,467,928 | | |
$ | 4,257,957 | | |
$ | 9,173,259 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
$ | 9,693 | | |
$ | 766,253 | | |
$ | 6,232 | | |
$ | 2,948,362 | | |
$ | 3,730,540 | |
| Note payable, net of debt discount and issuance costs | |
| 313,979 | | |
| - | | |
| - | | |
| 1,028,685 | | |
| 1,342,664 | |
| Deferred revenue | |
| 161,112 | | |
| 13,477 | | |
| 59,570 | | |
| - | | |
| 234,159 | |
| All other Liabilities | |
| - | | |
| - | | |
| - | | |
| 177,644 | | |
| 177,644 | |
| Total Liabilities | |
$ | 484,784 | | |
$ | 779,730 | | |
$ | 65,802 | | |
$ | 4,154,691 | | |
$ | 5,485,007 | |
|
| | |
As of December 31, 2021 | |
| | |
Creatd Labs | | |
Creatd Ventures | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Accounts receivable, net | |
$ | - | | |
$ | 2,884 | | |
$ | 334,556 | | |
$ | - | | |
$ | 337,440 | |
| Prepaid expenses and other current assets | |
| 48,495 | | |
| - | | |
| - | | |
| 188,170 | | |
| 236,665 | |
| Deposits and other assets | |
| 626,529 | | |
| - | | |
| - | | |
| 92,422 | | |
| 718,951 | |
| Intangible assets | |
| - | | |
| 1,637,924 | | |
| 783,676 | | |
| 11,241 | | |
| 2,432,841 | |
| Goodwill | |
| - | | |
| 25,139 | | |
| 1,349,696 | | |
| - | | |
| 1,374,835 | |
| Inventory | |
| - | | |
| 106,403 | | |
| - | | |
| - | | |
| 106,403 | |
| All other assets | |
| - | | |
| - | | |
| - | | |
| 3,966,124 | | |
| 3,966,124 | |
| Total Assets | |
$ | 675,024 | | |
$ | 1,772,350 | | |
$ | 2,467,928 | | |
$ | 4,257,957 | | |
$ | 9,173,259 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
$ | 9,693 | | |
$ | 766,253 | | |
$ | 6,232 | | |
$ | 2,948,362 | | |
$ | 3,730,540 | |
| Note payable, net of debt discount and issuance costs | |
| 313,979 | | |
| - | | |
| - | | |
| 1,028,685 | | |
| 1,342,664 | |
| Deferred revenue | |
| 161,112 | | |
| 13,477 | | |
| 59,570 | | |
| - | | |
| 234,159 | |
| All other Liabilities | |
| - | | |
| - | | |
| - | | |
| 177,644 | | |
| 177,644 | |
| Total Liabilities | |
$ | 484,784 | | |
$ | 779,730 | | |
$ | 65,802 | | |
$ | 4,154,691 | | |
$ | 5,485,007 | |
| | |
As of December 31, 2020 | |
| | |
Creatd Labs | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Accounts receivable, net | |
$ | 3,800 | | |
$ | 86,555 | | |
$ | - | | |
$ | 90,355 | |
| Prepaid expenses and other current assets | |
| 19,631 | | |
| - | | |
| 4,225 | | |
| 23,856 | |
| Intangible assets | |
| - | | |
| 960,611 | | |
| - | | |
| 960,611 | |
| Goodwill | |
| - | | |
| 1,035,795 | | |
| - | | |
| 1,035,795 | |
| All other assets | |
| - | | |
| - | | |
| 8,673,863 | | |
| 8,673,863 | |
| Total Assets | |
$ | 23,431 | | |
$ | 2,082,961 | | |
$ | 8,678,088 | | |
$ | 10,784,480 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
$ | 6,221 | | |
$ | 83,964 | | |
$ | 2,548,503 | | |
$ | 2,638,688 | |
| Note payable, net of debt discount and issuance costs | |
| 55,928 | | |
| - | | |
| 1,165,611 | | |
| 1,221,539 | |
| Deferred revenue | |
| - | | |
| 88,637 | | |
| - | | |
| 88,637 | |
| All other Liabilities | |
| - | | |
| - | | |
| 1,390,420 | | |
| 1,390,420 | |
| Total Liabilities | |
$ | 62,149 | | |
$ | 172,601 | | |
$ | 5,104,534 | | |
$ | 5,339,284 | |
|
| Schedule of financial information related to our reportable segments and corporate |
| | |
For the three months ended September 30, 2022 | |
| | |
Creatd Labs | | |
Creatd Ventures | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Net revenue | |
$ | 291,414 | | |
$ | 316,654 | | |
$ | 414,783 | | |
$ | - | | |
$ | 1,022,851 | |
| Cost of revenue | |
| 564,349 | | |
| 502,396 | | |
| 337,817 | | |
| - | | |
| 1,404,562 | |
| Gross margin (loss) | |
| (272,935 | ) | |
| (185,742 | ) | |
| 76,966 | | |
| - | | |
| (381,711 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Research and development | |
| 139,997 | | |
| - | | |
| 94,968 | | |
| - | | |
| 234,965 | |
| Marketing | |
| 370,584 | | |
| 234,760 | | |
| 41,176 | | |
| - | | |
| 646,520 | |
| Stock based compensation | |
| 122,964 | | |
| 111,472 | | |
| 126,654 | | |
| 265,478 | | |
| 626,568 | |
| General and administrative not including depreciation, amortization, or Impairment | |
| 90,212 | | |
| 476,386 | | |
| 384,365 | | |
| 3,136,092 | | |
| 4,087,055 | |
| Depreciation and amortization | |
| 1,489 | | |
| 43,001 | | |
| 40,917 | | |
| 72,589 | | |
| 157,996 | |
| Impairment of intangibles | |
| - | | |
| 85,406 | | |
| - | | |
| 164,180 | | |
| 249,586 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total operating expenses | |
$ | 723,757 | | |
$ | 822,618 | | |
$ | 647,163 | | |
$ | 3,401,570 | | |
$ | 5,595,108 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest expense | |
| (17,048 | ) | |
| - | | |
| - | | |
| (656,647 | ) | |
| (673,694 | ) |
| All other expenses | |
| - | | |
| - | | |
| - | | |
| (2,875,832 | ) | |
| (2,875,832 | ) |
| Other expenses, net | |
| (17,048 | ) | |
| - | | |
| - | | |
| (3,532,479 | ) | |
| (3,549,526 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss before income tax provision | |
$ | (1,001,024 | ) | |
$ | (1,008,360 | ) | |
$ | (570,197 | ) | |
$ | (6,946,764 | ) | |
$ | (9,526,345 | ) |
| | |
For the three months ended September 30, 2021 | |
| | |
Creatd Labs | | |
Creatd Ventures | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Net revenue | |
$ | 565,852 | | |
$ | 3,919 | | |
$ | 609,849 | | |
$ | - | | |
$ | 1,179,620 | |
| Cost of revenue | |
| 849,079 | | |
| 174,438 | | |
| 394,696 | | |
| - | | |
| 1,418,213 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Gross margin | |
| (283,227 | ) | |
| (170,519 | ) | |
| 215,153 | | |
| - | | |
| (238,593 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Research and development | |
| 250,474 | | |
| 60 | | |
| 72,412 | | |
| - | | |
| 322,946 | |
| Marketing | |
| 1,540,540 | | |
| - | | |
| 181,240 | | |
| 90,620 | | |
| 1,812,400 | |
| Stock based compensation | |
| 337,026 | | |
| - | | |
| 332,531 | | |
| 1,179,579 | | |
| 2,151,900 | |
| General and administrative | |
| 386,844 | | |
| 302,764 | | |
| 293,296 | | |
| 1,672,176 | | |
| 2,385,135 | |
| Total operating expenses | |
| 2,514,884 | | |
| 32,819 | | |
| 879,479 | | |
| 2,942,375 | | |
| 6,672,381 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss before income tax provision and equity in net loss from unconsolidated investments | |
$ | (2,802,443 | ) | |
$ | (506,162 | ) | |
$ | (664,326 | ) | |
$ | (5,747,190 | ) | |
$ | (9,720,121 | ) |
| | |
For the Nine months ended September 30, 2022 | |
| | |
Creatd Labs | | |
Creatd Ventures | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Net revenue | |
$ | 1,138,904 | | |
$ | 1,237,542 | | |
$ | 1,621,044 | | |
$ | - | | |
$ | 3,997,490 | |
| Cost of revenue | |
| 1,917,039 | | |
| 1,706,586 | | |
| 1,147,526 | | |
| - | | |
| 4,771,151 | |
| Gross margin (loss) | |
| (778,135 | ) | |
| (469,044 | ) | |
| 473,518 | | |
| - | | |
| (773,661 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Research and development | |
| 408,810 | | |
| - | | |
| 277,321 | | |
| - | | |
| 686,131 | |
| Marketing | |
| 2,301,994 | | |
| 1,458,280 | | |
| 255,777 | | |
| - | | |
| 4,016,051 | |
| Stock based compensation | |
| 755,284 | | |
| 684,697 | | |
| 777,948 | | |
| 1,630,649 | | |
| 3,848,578 | |
| General and administrative not including depreciation, amortization, or Impairment | |
| 242,330 | | |
| 1,279,676 | | |
| 1,032,487 | | |
| 8,401,553 | | |
| 10,956,046 | |
| Depreciation and amortization | |
| 4,166 | | |
| 120,282 | | |
| 114,453 | | |
| 203,042 | | |
| 441,943 | |
| Impairment of intangibles | |
| - | | |
| 87,983 | | |
| - | | |
| 169,134 | | |
| 257,117 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total operating expenses | |
$ | 3,712,584 | | |
$ | 3,630,918 | | |
$ | 2,457,986 | | |
$ | 10,404,378 | | |
$ | 20,205,866 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest expense | |
| (34,095 | ) | |
| - | | |
| - | | |
| (673,855 | ) | |
| (707,950 | ) |
| All other expenses | |
| | | |
| - | | |
| - | | |
| (3,424,854 | ) | |
| (3,424,854 | ) |
| Other expenses, net | |
| (34,095 | ) | |
| - | | |
| - | | |
| (4,098,709 | ) | |
| (4,132,804 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss before income tax provision | |
$ | (4,524,814 | ) | |
$ | (4,099,962 | ) | |
$ | (1,984,468 | ) | |
$ | (14,503,087 | ) | |
$ | (25,112,331 | ) |
| | |
For the nine months ended September 30, 2021 | |
| | |
Creatd
Labs | | |
Creatd Ventures | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Net revenue | |
$ | 1,388,411 | | |
$ | 9,616 | | |
$ | 1,496,363 | | |
$ | - | | |
$ | 2,894,390 | |
| Cost of revenue | |
| 2,482,848 | | |
| 497,194 | | |
| 1,180,701 | | |
| - | | |
| 4,160,743 | |
| Gross margin | |
| (1,094,437 | ) | |
| (487,578 | ) | |
| 315,662 | | |
| - | | |
| (1,266,353 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Research and development | |
| 549,426 | | |
| 131 | | |
| 158,839 | | |
| - | | |
| 708,396 | |
| Marketing | |
| 6,842,142 | | |
| - | | |
| 804,958 | | |
| 402,479 | | |
| 8,049,579 | |
| Stock based compensation | |
| 886,832 | | |
| 796,676 | | |
| 875,004 | | |
| 3,103,877 | | |
| 5,662,389 | |
| General and administrative | |
| 900,323 | | |
| 76,381 | | |
| 682,602 | | |
| 3,891,743 | | |
| 5,551,049 | |
| Total operating expenses | |
$ | 9,178,723 | | |
$ | 873,188 | | |
$ | 2,521,403 | | |
$ | 7,398,099 | | |
$ | 19,971,413 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss before income tax provision and equity in net loss from unconsolidated investments | |
$ | (10,286,156 | ) | |
$ | (1,360,766 | ) | |
$ | (2,205,741 | ) | |
$ | (11,073,171 | ) | |
$ | (24,925,834 | ) |
|
| | |
For the year ended December 31, 2021 | |
| | |
Creatd Labs | | |
Creatd Ventures | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| | |
| |
| Net revenue | |
$ | 1,926,374 | | |
$ | 90,194 | | |
$ | 2,283,149 | | |
$ | - | | |
$ | 4,299,717 | |
| Cost of revenue | |
| 3,186,240 | | |
| 148,989 | | |
| 1,964,808 | | |
| - | | |
| 5,300,037 | |
| Gross margin | |
| (1,259,866 | ) | |
| (58,940 | ) | |
| 318,341 | | |
| - | | |
| (1,000,320 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Research and development | |
| 758,293 | | |
| 131 | | |
| 225,104 | | |
| - | | |
| 983,528 | |
| Marketing | |
| 8,182,935 | | |
| - | | |
| 962,698 | | |
| 481,349 | | |
| 9,626,982 | |
| Stock based compensation | |
| 1,727,021 | | |
| 1,560,546 | | |
| 1,884,986 | | |
| 4,488,615 | | |
| 9,661,168 | |
| Impairment of goodwill | |
| - | | |
| - | | |
| 1,035,795 | | |
| - | | |
| 1,035,795 | |
| General and administrative not including depreciation, amortization, or Impairment | |
| 3,918,130 | | |
| 1,665,783 | | |
| 1,600,212 | | |
| 2,791,236 | | |
| 9,975,360 | |
| Depreciation and amortization | |
| - | | |
| 100,633 | | |
| 252,730 | | |
| 44,076 | | |
| 397,440 | |
| Impairment of intangibles | |
| - | | |
| - | | |
| 688,127 | | |
| - | | |
| 688,127 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total operating expenses | |
$ | 14,586,379 | | |
$ | 3,327,093 | | |
$ | 6,649,652 | | |
$ | 11,803,003 | | |
$ | 32,368,400 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest expense | |
| (12,706 | ) | |
| - | | |
| - | | |
| (359,400 | ) | |
| (372,106 | ) |
| All other expenses | |
| - | | |
| - | | |
| - | | |
| (3,638,327 | ) | |
| (3,638,327 | ) |
| Other expenses, net | |
| (12,706 | ) | |
| | | |
| | | |
| (3,997,727 | ) | |
| (4,010,433 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss before income tax provision and equity in net loss from unconsolidated investments | |
$ | (15,858,951 | ) | |
$ | (3,385,888 | ) | |
$ | (6,331,311 | ) | |
$ | (11,803,003 | ) | |
$ | (37,379,153 | ) |
| | |
For the year ended December 31, 2020 | |
| | |
Creatd Labs | | |
Creatd Partners | | |
Corporate | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Net revenue | |
$ | 375,043 | | |
$ | 837,827 | | |
$ | - | | |
$ | 1,212,870 | |
| Cost of revenue | |
| 652,259 | | |
| 842,783 | | |
| - | | |
| 1,495,042 | |
| Gross margin | |
| (277,216 | ) | |
| (4,956 | ) | |
| - | | |
| (282,172 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Research and development | |
| 227,656 | | |
| 29,775 | | |
| - | | |
| 257,431 | |
| Marketing | |
| 2,426,668 | | |
| 285,490 | | |
| 142,745 | | |
| 2,854,904 | |
| Stock based compensation | |
| 1,226,495 | | |
| 1,338,678 | | |
| 4,295,990 | | |
| 6,861,163 | |
| General and administrative not including depreciation, amortization, or Impairment | |
| 2,301,088 | | |
| 939,792 | | |
| 2,592,581 | | |
| 5,858,454 | |
| Depreciation and amortization | |
| - | | |
| 132,768 | | |
| 24,993 | | |
| 157,761 | |
| Impairment of intangibles | |
| - | | |
| - | | |
| 11,450 | | |
| 11,450 | |
| Total operating expenses | |
$ | 6,181,907 | | |
$ | 2,726,504 | | |
$ | 7,067,759 | | |
$ | 16,001,163 | |
| | |
| | | |
| | | |
| | | |
| | |
| Interest expense | |
| (15,828 | ) | |
| - | | |
| (356,278 | ) | |
| (372,106 | ) |
| All other expenses | |
| - | | |
| - | | |
| (7,557,342 | ) | |
| (7,557,342 | ) |
| Other expenses, net | |
| (15,828 | ) | |
| - | | |
| (7,913,620 | ) | |
| (7,929,448 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Loss before income tax provision and equity in net loss from unconsolidated investments | |
$ | (6,474,951 | ) | |
$ | (2,731,460 | ) | |
$ | (14,981,379 | ) | |
$ | (24,212,783 | ) |
|