v3.22.4
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]            
Net revenue $ 1,022,851 $ 1,179,620 $ 3,997,490 $ 2,894,390 $ 4,299,717 $ 1,212,870
Cost of revenue 1,404,562 1,418,213 4,771,151 4,160,743 5,300,037 1,495,042
Gross margin (loss) (381,711) (238,593) (773,661) (1,266,353) (1,000,320) (282,172)
Operating expenses            
Research and development 234,965 322,946 686,131 708,396 983,528 257,431
Marketing 646,520 1,812,400 4,016,051 8,049,579 9,626,982 2,854,904
Stock based compensation 626,568 2,151,900 3,848,578 5,662,389 9,661,168 6,861,163
Impairment of goodwill         1,035,795  
Impairment of intangible assets 249,586   257,117 93,791    
General and administrative 3,837,469 2,385,135 11,397,989 5,457,258 11,060,927 6,027,665
Total operating expenses 5,595,108 6,672,381 20,205,866 19,971,413 32,368,400 16,001,163
Loss from operations (5,976,819) (6,910,974) (20,979,527) (21,237,766) (33,368,720) (16,283,335)
Other income (expenses)            
Other income   123,710 99 123,710 396,223 512,071
Interest expense (673,694) (59,859) (707,950) (319,290) (372,106) (1,376,902)
Accretion of debt discount and issuance cost (1,884,679) (2,176,651) (2,531,687) (3,028,015) (3,612,669) (4,303,072)
Derivative expense       (100,502) (100,502)  
Change in derivative liability   (833,456) 3,729 (1,096,287) (1,096,287) 3,019,457
Impairment of investment     (50,000) (62,733) (589,461) (11,450)
Impairment of debt security           (50,000)
Settlement of vendor liabilities     (2,867) 92,909 59,792 (126,087)
Loss on marketable securities (11,415)   (11,646)     (7,453)
Gain (loss) on extinguishment of debt (979,738) 137,109 (832,482) 423,118 1,025,555 (5,586,482)
Gain on forgiveness of debt       279,022 279,022 470
Other expenses, net (3,549,526) (2,809,147) (4,132,804) (3,688,068) (4,010,433) (7,929,448)
Loss before income tax provision (9,526,345) (9,720,121) (25,112,331) (24,925,834) (37,379,153) (24,212,783)
Equity in net loss from equity method investment   (16,413)   (16,413)
Income tax provision    
Net loss (9,526,345) (9,736,534) (25,112,331) (24,942,247) (37,379,153) (24,212,783)
Non-controlling interest in net loss 299,903 (60,477) 1,285,661 (60,045) 86,251  
Net Loss attributable to Creatd, Inc. (9,226,442) (9,797,011) (23,826,670) (25,002,292) (37,292,902) (24,212,783)
Deemed dividend (221,829)   (303,557) (410,750) (410,750) (3,135,702)
Inducement expense        
Net loss attributable to common shareholders (9,448,271) (9,797,011) (24,130,227) (25,413,042) (37,703,652) (27,348,485)
Comprehensive loss            
Net loss (9,526,345) (9,736,534) (25,112,331) (24,942,247) (37,379,153) (24,212,783)
Currency translation gain (loss) (36,110) (8,436) (65,719) (16,299) (41,038) (31,239)
Comprehensive loss $ (9,562,455) $ (9,744,970) $ (25,178,050) $ (24,958,546) $ (37,420,191) $ (24,244,022)
Per-share data            
Basic and diluted loss per share (in Dollars per share) $ (0.45) $ (0.71) $ (1.23) $ (2.2) $ (2.98) $ (5.68)
Weighted average number of common shares outstanding (in Shares) 21,030,188 13,710,111 19,669,411 11,563,150 12,652,470 4,812,153