Significant Accounting Policies and Practices (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2023 |
Dec. 31, 2022 |
| Significant Accounting Policies and Practices [Abstract] |
|
|
| Schedule of consolidated subsidiaries and/or entities |
| Name of combined affiliate | |
State
or other jurisdiction
of incorporation or
organization | |
Company Ownership Interest | |
| Jerrick Ventures LLC | |
Delaware | |
| 100 | % |
| Abacus Tech Pty Ltd | |
Australia | |
| 100 | % |
| Creatd Ventures LLC | |
Delaware | |
| 100 | % |
| Dune Inc. | |
Delaware | |
| 85 | % |
| OG Collection, Inc. | |
Delaware | |
| 86 | % |
| Orbit Media LLC | |
New York | |
| 56 | % |
| WHE Agency, Inc. | |
Delaware | |
| 95 | % |
|
| Name of combined affiliate | |
State or other jurisdiction of incorporation or organization | |
Company Ownership Interest | |
| Jerrick Ventures LLC | |
Delaware | |
| 100 | % |
| Abacus Tech Pty Ltd | |
Australia | |
| 100 | % |
| Creatd Ventures LLC | |
Delaware | |
| 100 | % |
| Dune Inc. | |
Delaware | |
| 50 | % |
| OG Collection, Inc. | |
Delaware | |
| 89 | % |
| Orbit Media LLC | |
New York | |
| 51 | % |
| WHE Agency, Inc. | |
Delaware | |
| 44 | % |
|
| Schedule of relevant assets and liabilities that are measured at fair value on recurring basis |
| | |
Total | | |
Quoted Prices in
Active Markets
for Identical Assets
or Liabilities (Level
1) | | |
Quoted Prices for
Similar Assets
or Liabilities
in Active Markets (Level
2) | | |
Significant Unobservable Inputs (Level
3) | |
| Liabilities: | |
| | |
| | |
| | |
| |
| Derivative liabilities | |
$ | 58,970 | | |
$ | - | | |
$ | - | | |
$ | 58,970 | |
| Total Liabilities | |
$ | 58,970 | | |
$ | - | | |
$ | - | | |
$ | 58,970 | |
|
| | |
Total | | |
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | | |
Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2) | | |
Significant Unobservable Inputs (Level 3) | |
| Assets: | |
| | |
| | |
| | |
| |
| Marketable securities - debt securities | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Total assets | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Derivative liabilities | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Total Liabilities | |
| - | | |
$ | - | | |
$ | - | | |
$ | - | |
| | |
Total | | |
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | | |
Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2) | | |
Significant Unobservable Inputs (Level 3) | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Marketable securities - equity securities | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Total assets | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| | |
Total | | |
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | | |
Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2) | | |
Significant Unobservable Inputs (Level 3) | |
| Assets: | |
| | |
| | |
| | |
| |
| Equity investments, at cost | |
$ | 50,000 | | |
$ | - | | |
$ | - | | |
$ | 50,000 | |
| Intangible assets | |
| 2,432,841 | | |
| - | | |
| - | | |
| 2,432,841 | |
| Goodwill | |
| 1,374,835 | | |
| - | | |
| - | | |
| 1,374,835 | |
| Total assets | |
$ | 3,857,676 | | |
$ | - | | |
$ | - | | |
$ | 3,857,676 | |
| | |
Total | | |
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | | |
Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2) | | |
Significant Unobservable Inputs (Level 3) | |
| Assets: | |
| | |
| | |
| | |
| |
| Equity investments, at cost | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Intangible assets | |
| 230,084 | | |
| - | | |
| - | | |
| 230,084 | |
| Goodwill | |
| 46,460 | | |
| - | | |
| - | | |
| 46,460 | |
| Total assets | |
$ | 276,544 | | |
$ | - | | |
$ | - | | |
$ | 276,544 | |
|
| Schedule of property and equipment estimated useful lives |
| | |
Estimated Useful
Life (Years) | |
| | |
| |
| Computer equipment and software | |
| 3 | |
| Furniture and fixtures | |
| 5 | |
| Leasehold Improvements | |
| 3 | |
|
| |
|
Estimated
Useful Life
(Years) |
|
| |
|
|
|
| Computer equipment and software |
|
3 |
|
| Furniture and fixtures |
|
5 |
|
| Leasehold Improvements |
|
3 |
|
|
| Schedule of amortization over the next five years |
| 2024 | |
$ | 32,097 | |
| 2025 | |
| 28,743 | |
| 2026 | |
| 20,961 | |
| 2027 | |
| 20,961 | |
| 2028 | |
| 20,961 | |
| Thereafter | |
| 51,482 | |
| Total | |
| 175,205 | |
| | |
| | |
| Intangible assets not subject
to amortization | |
| 22,783 | |
| Total Intangible Assets | |
$ | 197,988 | |
|
| 2023 | |
$ | 32,097 | |
| 2024 | |
| 32,098 | |
| 2025 | |
| 28,863 | |
| 2026 | |
| 18,966 | |
| 2027 | |
| 18,964 | |
| Thereafter | |
| 76,313 | |
| Total | |
| 207,301 | |
| | |
| | |
| Intangible assets not subject to amortization | |
| 22,783 | |
| Total Intangible Assets | |
$ | 230,084 | |
|
| Schedule of changes in marketable securities |
| | |
For
the Three
Months Ended March 31, 2023 | |
| | |
Total | |
| As of January 1, 2023 | |
$ | 46,460 | |
| Goodwill acquired in a business combination | |
| - | |
| Impairment of goodwill | |
| - | |
| As of March 31, 2023 | |
| 46,460 | |
|
| | |
For the years ended December 31, 2022 and 2021 | |
| | |
Total | |
| As of January 1, 2021 | |
$ | 62,733 | |
| Purchase of marketable securities | |
| - | |
| Interest due at maturity | |
| - | |
| Other than temporary impairment | |
| (62,733 | ) |
| Conversion of marketable securities | |
| - | |
| December 31, 2021 and 2022 | |
$ | - | |
| | |
For the years ended December 31, 2021 and 2022 | |
| | |
Total | |
| As of January 1, 2021 | |
$ | 1,035,795 | |
| Goodwill acquired in a business combination | |
| 1,374,835 | |
| Impairment of goodwill | |
| (1,035,795 | ) |
| As of December 31, 2021 | |
| 1,374,835 | |
| Goodwill acquired in business combinations | |
| 105,440 | |
| Impairment of goodwill | |
| (1,433,815 | ) |
| As of December 31, 2022 | |
| 46,460 | |
| | |
For the years ended December 31, 2022 and 2021 | |
| | |
Total | |
| As of January 1, 2021 | |
$ | 62,733 | |
| Purchase of marketable securities | |
| - | |
| Interest due at maturity | |
| - | |
| Other than temporary impairment | |
| (62,733 | ) |
| Conversion of marketable securities | |
| - | |
| December 31, 2021 and 2022 | |
$ | - | |
| | |
For the years ended December 31, 2021 and 2022 | |
| | |
Total | |
| As of January 1, 2021 | |
$ | 217,096 | |
| Purchase of equity investments | |
| 150,000 | |
| Other than temporary impairment | |
| (102,096 | ) |
| Conversion to equity method investments | |
| (215,000 | ) |
| As of December 31, 2021 | |
| 50,000 | |
| Purchase of equity investments | |
| - | |
| Other than temporary impairment | |
| (50,000 | ) |
| Conversion to equity method investments | |
| - | |
| As of December 31, 2022 | |
$ | - | |
|
| Schedule of revenue disaggregated by revenue |
| | |
Three Months Ended | |
| | |
March 31, | |
| | |
2023 | | |
2022 | |
| Agency (Managed Services, Branded Content, & Talent Management Services) | |
$ | 246,201 | | |
$ | 583,141 | |
| Platform (Creator Subscriptions) | |
| 299,194 | | |
| 508,233 | |
| Ecommerce (Tangible Products) | |
| 410,894 | | |
| 254,724 | |
| Affiliate Sales | |
| 986 | | |
| 2,640 | |
| Other Revenue | |
| 28,870 | | |
| - | |
| | |
$ | 986,145 | | |
$ | 1,348,738 | |
|
| | |
Years Ended | |
| | |
December 31, | |
| | |
2022 | | |
2021 | |
| Agency (Managed Services, Branded Content, & Talent Management Services) | |
$ | 1,914,647 | | |
$ | 2,256,546 | |
| Platform (Creator Subscriptions) | |
| 1,417,094 | | |
| 1,926,135 | |
| Ecommerce | |
| 1,457,161 | | |
| 90,433 | |
| Affiliate Sales | |
| 7,572 | | |
| 26,453 | |
| Other Revenue | |
| - | | |
| 150 | |
| | |
$ | 4,796,474 | | |
$ | 4,299,717 | |
|
| Schedule of revenue recognition |
| | |
Three Months Ended | |
| | |
March 31, | |
| | |
2023 | | |
2022 | |
| Products and services transferred over time | |
$ | 575,251 | | |
$ | 1,091,374 | |
| Products transferred at a point in time | |
| 410,894 | | |
| 257,364 | |
| | |
$ | 986,145 | | |
$ | 1,348,738 | |
|
| | |
Years Ended | |
| | |
December 31, | |
| | |
2022 | | |
2021 | |
| Products and services transferred over time | |
$ | 3,331,741 | | |
$ | 4,182,681 | |
| Products transferred at a point in time | |
| 1,464,733 | | |
| 117,036 | |
| | |
$ | 4,796,474 | | |
$ | 4,299,717 | |
|
| Schedule of common stock equivalents |
| | |
March 31, | |
| | |
2023 | | |
2022 | |
| Series E preferred | |
| 109,223 | | |
| - | |
| Options | |
| 4,391,600 | | |
| 1,891,348 | |
| Warrants | |
| 40,574,614 | | |
| 8,591,206 | |
| Convertible notes | |
| 24,169,999 | | |
| - | |
| Totals | |
| 69,245,436 | | |
| 10,482,554 | |
|
| | |
December 31, | |
| | |
2022 | | |
2021 | |
| Series E preferred | |
| 109,223 | | |
| 121,359 | |
| Options | |
| 3,061,767 | | |
| 2,902,619 | |
| Warrants | |
| 16,261,699 | | |
| 5,658,830 | |
| Convertible notes | |
| 27,823,250 | | |
| - | |
| Totals | |
| 47,255,939 | | |
| 8,682,808 | |
|
| Schedule of derivative liabilities |
|
| | |
Years Ended December 31, 2022 and 2021 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Derivative liabilities as January 1, 2021 | |
$ | - | | |
$ | - | | |
$ | 42,231 | |
| Addition | |
| - | | |
| - | | |
| 417,24 | |
| Extinguishment | |
| - | | |
| - | | |
| (431,458 | ) |
| Conversion to Note payable - related party | |
| - | | |
| - | | |
| (1,124,301 | ) |
| Changes in fair value | |
| - | | |
| - | | |
| 1,096,287 | |
| Derivative liabilities as December 31, 2021 | |
| - | | |
| - | | |
| - | |
| Addition | |
| - | | |
| - | | |
| 100,532 | |
| Changes in fair value | |
| - | | |
| - | | |
| (3,729 | ) |
| Extinguishment | |
| - | | |
| - | | |
| (96,803 | ) |
| Derivative liabilities as December 31, 2022 | |
$ | - | | |
$ | - | | |
$ | - | |
|