2022 Q4 Form 10-Q Financial Statement

#000121390022073167 Filed on November 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $800.0K $1.023M $1.405M
YoY Change -43.07% -13.29% 726.66%
Cost Of Revenue $1.340M $1.405M $1.139M
YoY Change 17.62% -0.96% -407.92%
Gross Profit -$540.0K -$381.7K $266.0K
YoY Change -302.98% 59.99% -50.73%
Gross Profit Margin -67.5% -37.32% 18.93%
Selling, General & Admin $4.030M $4.484M $11.09M
YoY Change -63.65% -29.38% -20.3%
% of Gross Profit 4167.07%
Research & Development $270.0K $235.0K $275.1K
YoY Change -1.86% -27.24%
% of Gross Profit 103.42%
Depreciation & Amortization $150.0K $43.55K $202.5K
YoY Change -25.93% -58.08% 406.27%
% of Gross Profit 76.12%
Operating Expenses $4.290M $5.595M $11.36M
YoY Change -62.24% -16.15% 179.14%
Operating Profit -$4.830M -$5.977M -$11.10M
YoY Change -56.47% -13.52% 214.31%
Interest Expense -$110.0K $673.7K -$52.82K
YoY Change 108.25% -175.41% -101.75%
% of Operating Profit
Other Income/Expense, Net -$2.400M -$1.885M -$345.3K
YoY Change 595.13% -8.2% -114.45%
Pretax Income -$10.56M -$9.526M -$12.45M
YoY Change -15.2% -1.99% 254.8%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$12.38M -$9.226M -$12.29M
YoY Change 0.73% -5.82% 250.16%
Net Earnings / Revenue -1547.5% -902.03% -874.57%
Basic Earnings Per Share -$0.45
Diluted Earnings Per Share -$0.42 -$0.45 -$772.0K
COMMON SHARES
Basic Shares Outstanding 29.07M shares 20.36M shares
Diluted Shares Outstanding 21.03M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $710.0K $439.6K $3.795M
YoY Change -81.29% -70.86% -52.03%
Cash & Equivalents $706.2K $439.5K $3.795M
Short-Term Investments $96.00
Other Short-Term Assets $2.973M $2.812M $3.966M
YoY Change -25.04% 401.18% 19730.62%
Inventory $405.0K $879.1K $106.4K
Prepaid Expenses
Receivables $239.4K $222.2K $337.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.479M $1.681M $4.475M
YoY Change -66.95% -34.12% -44.2%
LONG-TERM ASSETS
Property, Plant & Equipment $212.5K $249.0K $102.9K
YoY Change 106.48% -6.16% -65.69%
Goodwill $46.46K $1.365M $1.375M
YoY Change -96.62%
Intangibles $230.1K $2.537M $2.433M
YoY Change -90.54%
Long-Term Investments $800.0K $769.1K $769.0K
YoY Change 4.04% -20.63%
Other Assets
YoY Change
Total Long-Term Assets $3.341M $7.043M $4.698M
YoY Change -28.89% 23.52% 70.22%
TOTAL ASSETS
Total Short-Term Assets $1.479M $1.681M $4.475M
Total Long-Term Assets $3.341M $7.043M $4.698M
Total Assets $4.820M $8.724M $9.173M
YoY Change -47.46% 5.7% -14.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.570M $6.715M $3.731M
YoY Change 102.92% 146.05% 41.31%
Accrued Expenses $330.0K $279.6K $18.45K
YoY Change 1688.62% 188.77% -76.94%
Deferred Revenue
YoY Change
Short-Term Debt $1.684M $1.787M $1.343M
YoY Change 25.4% 10.05%
Long-Term Debt Due $1.646M $7.821M $1.438M
YoY Change 14.45% 231.27% 59.76%
Total Short-Term Liabilities $15.21M $15.17M $5.421M
YoY Change 180.53% 181.65% 9.07%
LONG-TERM LIABILITIES
Long-Term Debt $40.00K $28.92K $63.99K
YoY Change -37.49% -95.61% -69.53%
Other Long-Term Liabilities $2.080M $2.135M $0.00
YoY Change 2595.86% -100.0%
Total Long-Term Liabilities $2.116M $2.164M $63.99K
YoY Change 3206.09% 193.0% -82.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.21M $15.17M $5.421M
Total Long-Term Liabilities $2.116M $2.164M $63.99K
Total Liabilities $17.32M $17.34M $5.485M
YoY Change 215.82% 133.25% 2.72%
SHAREHOLDERS EQUITY
Retained Earnings -$146.1M -$133.8M -$109.6M
YoY Change 33.3%
Common Stock $39.06K $24.47K $16.69K
YoY Change 134.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $78.46K $76.11K $62.41K
YoY Change 25.72%
Treasury Stock Shares 93.37K shares 89.46K shares 5.657K shares
Shareholders Equity -$11.75M -$9.291M $1.807M
YoY Change
Total Liabilities & Shareholders Equity $4.820M $8.724M $9.173M
YoY Change -47.46% 5.7% -14.9%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$12.38M -$9.226M -$12.29M
YoY Change 0.73% -5.82% 250.16%
Depreciation, Depletion And Amortization $150.0K $43.55K $202.5K
YoY Change -25.93% -58.08% 406.27%
Cash From Operating Activities -$2.950M -$3.237M -$4.902M
YoY Change -39.82% -29.94% 112.2%
INVESTING ACTIVITIES
Capital Expenditures $210.0K -$43.43K -$29.97K
YoY Change -800.7% -15.77% 49.85%
Acquisitions
YoY Change
Other Investing Activities $1.090M -$83.52K $187.0K
YoY Change 482.92% -84.19% -255.83%
Cash From Investing Activities $860.0K -$127.0K $157.0K
YoY Change 447.63% -78.1% -204.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.350M 2.283M 7.056M
YoY Change -66.69% -50.29% -5.55%
NET CHANGE
Cash From Operating Activities -2.950M -3.237M -4.902M
Cash From Investing Activities 860.0K -127.0K 157.0K
Cash From Financing Activities 2.350M 2.283M 7.056M
Net Change In Cash 260.0K -1.081M 2.311M
YoY Change -88.75% 77.89% -53.87%
FREE CASH FLOW
Cash From Operating Activities -$2.950M -$3.237M -$4.902M
Capital Expenditures $210.0K -$43.43K -$29.97K
Free Cash Flow -$3.160M -$3.194M -$4.872M
YoY Change -35.14% -30.1% 112.74%

Facts In Submission

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CY2021Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2022Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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crtd Deemed Dividends
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crtd Deemed Dividends
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 us-gaap Profit Loss
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CY2021Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Stock Issued During Period Value New Issues
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CY2022Q3 us-gaap Stock Issued During Period Value Acquisitions
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CY2022Q3 us-gaap Profit Loss
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Share Based Compensation
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crtd Stock Warrants Issued With Note Payable
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us-gaap Temporary Equity Foreign Currency Translation Adjustments
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us-gaap Profit Loss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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CY2021Q3 us-gaap Stock Issued During Period Value Acquisitions
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CY2021Q3 crtd Cash Received For Common Stock
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CY2021Q3 crtd Common Stock Issued Upon Conversion Of Notes Payable
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CY2021Q3 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
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CY2021Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
1190000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Stock Issued During Period Value New Issues
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crtd Stock Issued During Period Value Common Stock Issued To Settle Vendor Liabilities
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crtd Common Stock Issued Upon Conversion Of Notes Payable
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crtd Exercise Of Warrants To Stock
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crtd Cash Received For Common Stock
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crtd Cash Received For Preferred Series E And Warrants
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crtd Stock Warrants Issued With Note Payable
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
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us-gaap Stock Issued During Period Value Other
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us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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crtd Impairment Of Investment
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crtd Impairment Of Investment
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
257117 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
93791 usd
crtd Accretion Of Debt Discount And Issuance Costs
AccretionOfDebtDiscountAndIssuanceCosts
2531687 usd
crtd Accretion Of Debt Discount And Issuance Costs
AccretionOfDebtDiscountAndIssuanceCosts
3028015 usd
crtd Sharebased Compensation
SharebasedCompensation
3848578 usd
crtd Sharebased Compensation
SharebasedCompensation
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crtd Bad Debt Expense
BadDebtExpense
124186 usd
crtd Gain On Forgiveness Of Debt2
GainOnForgivenessOfDebt2
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crtd Gain On Forgiveness Of Debt2
GainOnForgivenessOfDebt2
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crtd Settlements Of Vendor Liabilities
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crtd Settlements Of Vendor Liabilities
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crtd Change In Fair Value Of Derivative Liability
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crtd Change In Fair Value Of Derivative Liability
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us-gaap Other Noncash Expense
OtherNoncashExpense
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us-gaap Marketable Securities Realized Gain Loss
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crtd Non Cash Lease Expense
NonCashLeaseExpense
44305 usd
crtd Non Cash Lease Expense
NonCashLeaseExpense
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Deposit Other Assets
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us-gaap Increase Decrease In Deposit Other Assets
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crtd Increase Decrease In Deferred Revenues
IncreaseDecreaseInDeferredRevenues
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crtd Increase Decrease In Deferred Revenues
IncreaseDecreaseInDeferredRevenues
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3805245 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
160434 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
213975 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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crtd Proceeds From Deposits
ProceedsFromDeposits
325000 usd
crtd Cash Paid For Minority Investment In Business
CashPaidForMinorityInvestmentInBusiness
510000 usd
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
48878 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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crtd Cash Consideration For Acquisition
CashConsiderationForAcquisition
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crtd Cash Consideration For Acquisition
CashConsiderationForAcquisition
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
192795 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Warrant Exercises
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Repayments Of Debt
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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us-gaap Repayments Of Related Party Debt
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337899 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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crtd Purchase Of Treasury Stock And Warrants
PurchaseOfTreasuryStockAndWarrants
-5722300 usd
crtd Purchase Of Treasury Stock And Warrants
PurchaseOfTreasuryStockAndWarrants
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3794734 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7906782 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
439539 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1508528 usd
us-gaap Interest Paid Net
InterestPaidNet
139000 usd
us-gaap Interest Paid Net
InterestPaidNet
58395 usd
crtd Reduction Of Rou Asset Related To Remeasurement Of Lease Liability
ReductionOfROUAssetRelatedToRemeasurementOfLeaseLiability
147649 usd
crtd Reduction Of Rou Asset Related To Remeasurement Of Lease Liability
ReductionOfROUAssetRelatedToRemeasurementOfLeaseLiability
168667 usd
us-gaap Stock Issued1
StockIssued1
2907497 usd
us-gaap Stock Issued1
StockIssued1
1601452 usd
crtd Share Issued For Acquisition
ShareIssuedForAcquisition
141150 usd
crtd Share Issued For Acquisition
ShareIssuedForAcquisition
226500 usd
crtd Operating Lease Liability1
OperatingLeaseLiability1
2250648 usd
crtd Deferred Offering Cost
DeferredOfferingCost
4225 usd
crtd Repayment Of Promissory Notes From Australian Rd Credits
RepaymentOfPromissoryNotesFromAustralianRDCredits
173455 usd
crtd Repayment Of Promissory Notes From Australian Rd Credits
RepaymentOfPromissoryNotesFromAustralianRDCredits
4015325 usd
crtd Shares Issued For Acquisition
SharesIssuedForAcquisition
40994 usd
crtd Shares Issued For Acquisition
SharesIssuedForAcquisition
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us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><i><span style="text-decoration:underline">Use of Estimates and Critical Accounting Estimates and Assumptions</span></i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span> </span> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. The Company uses estimates in accounting for, among other items, revenue recognition, allowance for doubtful accounts, stock-based compensation, income tax provisions, excess and obsolete inventory reserve, and impairment of intellectual property.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
355509 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
143776 usd
crtd Additional Warrant
AdditionalWarrant
127801 shares
CY2022Q3 us-gaap Marketable Securities
MarketableSecurities
96 usd
CY2022Q3 crtd Total Assets
TotalAssets
96 usd
CY2022Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
96 usd
crtd All Other Expenses
AllOtherExpenses
11646 usd
crtd All Other Expenses
AllOtherExpenses
0 usd
CY2022Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1035795 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
25139 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
103496 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
879050 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
106403 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><i><span style="text-decoration:underline">Concentration of Credit Risk and Other Risks and Uncertainties</span></i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company provides credit in the normal course of business. The Company maintains allowances for credit losses on factors surrounding the credit risk of specific customers, historical trends, and other information.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company operates in Australia and holds total assets of $622,445. It is reasonably possible that operations located outside an entity’s home country will be disrupted in the near term.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>  </span></p>
us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
622445 usd
CY2022Q3 crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
673079 usd
CY2021Q3 crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
1167480 usd
crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
2752736 usd
CY2022Q3 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
249586 usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
257117 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P7Y1M6D
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
415215 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
443236 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
280223 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
260935 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
239934 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
739762 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2379305 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
157294 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2536599 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
94130 usd
CY2021Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
75069 usd
CY2022Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1383785 usd
CY2022Q3 crtd Goodwill Acquired In A Business Combination
GoodwillAcquiredInABusinessCombination
6682 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
25139 usd
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1365328 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1374835 usd
crtd Goodwill Acquired In A Business Combination
GoodwillAcquiredInABusinessCombination
15632 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
25139 usd
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1365328 usd
CY2022Q3 crtd Shares Of Capital Stock
SharesOfCapitalStock
120000000 shares
CY2022Q3 us-gaap Revenues
Revenues
1022851 usd
CY2021Q3 us-gaap Revenues
Revenues
1179620 usd
us-gaap Revenues
Revenues
3997490 usd
us-gaap Revenues
Revenues
2894390 usd
crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
2843483 usd
CY2022Q3 crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
349772 usd
CY2021Q3 crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
12140 usd
crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
1244754 usd
crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
50907 usd
CY2022Q3 us-gaap Revenues
Revenues
1022851 usd
CY2021Q3 us-gaap Revenues
Revenues
1179620 usd
us-gaap Revenues
Revenues
3997490 usd
us-gaap Revenues
Revenues
2894390 usd
crtd Management Fee Percentage
ManagementFeePercentage
0.20 pure
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.80 pure
crtd Fixed Fees Percentage
FixedFeesPercentage
0.20 pure
crtd Contract Occur Percentage
ContractOccurPercentage
1 pure
crtd Promotional Discounts Amount
PromotionalDiscountsAmount
9.99 usd
crtd Free Trials Amount
FreeTrialsAmount
99 usd
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
305555 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
234159 usd
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
159727 usd
CY2022Q3 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
13512 usd
crtd Common Stock Equivalents
CommonStockEquivalents
57053504 shares
crtd Common Stock Equivalents
CommonStockEquivalents
9114632 shares
CY2022Q3 crtd Designated Of Common Stock Shares
DesignatedOfCommonStockShares
100000000 shares
crtd Reserve Doubtful Accounts
ReserveDoubtfulAccounts
124186 usd
crtd Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
311133 usd
CY2021 crtd Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
186147 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
430519 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
364814 usd
CY2022Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
248963 usd
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
102939 usd
CY2022Q3 us-gaap Depreciation
Depreciation
43546 usd
CY2022Q3 us-gaap Retail Related Inventory Packaging And Other Supplies
RetailRelatedInventoryPackagingAndOtherSupplies
78799 usd
CY2021Q4 us-gaap Retail Related Inventory Packaging And Other Supplies
RetailRelatedInventoryPackagingAndOtherSupplies
2907 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
717417 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><i><span style="text-decoration:underline">Reclassifications</span></i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>Certain prior year amounts in the condensed consolidated financial statements and the notes thereto have been reclassified where necessary to conform to the current year’s presentation. These reclassifications did not affect the prior period’s total assets, total liabilities, stockholders’ deficit, net loss or net cash used in operating activities. During the year ended December 31, 2021, we adopted a change in presentation on our condensed consolidated statements of operations and comprehensive loss in order to present a gross profit line, the presentation of which is consistent with our peers. Under the new presentation, we began allocating payroll and related expenses, professional services and creator payouts. Prior periods have been revised to reflect this change in presentation.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>   </span></p>
crtd Deemed Dividend
DeemedDividend
63064 usd
CY2021Q3 us-gaap Depreciation
Depreciation
10047 usd
us-gaap Depreciation
Depreciation
67951 usd
crtd Accumulated Deficit Net Loss
AccumulatedDeficitNetLoss
133800000 usd
crtd Net Income Loss Amount
NetIncomeLossAmount
25100000 usd
crtd Net Cash Used In Operating Activities Going Concern
NetCashUsedInOperatingActivitiesGoingConcern
13900000 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
82834 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
679482 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
467753 usd
CY2021Q3 crtd Derivative Expense
DerivativeExpense
usd
us-gaap Depreciation
Depreciation
30141 usd
CY2022Q3 crtd Outstanding Principal Total
OutstandingPrincipalTotal
2401509 usd
CY2021Q4 crtd Outstanding Principal Total
OutstandingPrincipalTotal
1358211 usd
crtd Less Debt Discount
LessDebtDiscount
614410 usd
CY2021 crtd Less Debt Discount
LessDebtDiscount
15547 usd
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
1787099 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1342664 usd
CY2022Q3 us-gaap Convertible Debt
ConvertibleDebt
1758179 usd
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
1278672 usd
CY2022Q3 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
28920 usd
CY2021Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
63992 usd
CY2022Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.001
CY2022Q3 crtd Designated Of Preferred Stock
DesignatedOfPreferredStock
20000000 shares
CY2022Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0.001
CY2022Q3 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
130625 usd
crtd Accrued But Unpaid
AccruedButUnpaid
69000 usd
CY2022Q1 crtd Gross Proceeds
GrossProceeds
2659750 usd
CY2022Q1 crtd Aggregate Common Stock Shares
AggregateCommonStockShares
1519857 shares
CY2022Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6429427 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
360854 usd
CY2022Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
5648 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6062926 usd
CY2022Q3 crtd Aggregate Common Stock Shares
AggregateCommonStockShares
4000000 shares
CY2022Q3 crtd Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
4000000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.2
CY2022Q3 crtd Stock Issuance Costs
StockIssuanceCosts
75000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
83800 shares
CY2022Q3 crtd Excise Tax On Net Repurchases Percentage
ExciseTaxOnNetRepurchasesPercentage
0.01 pure
CY2022Q2 us-gaap Operating Leases Indemnification Agreements Description
OperatingLeasesIndemnificationAgreementsDescription
On April 26, 2022, the Company signed a 7-year lease for approximately 8,000 square feet of office space at 419 Lafayette Street, 6th Floor, New York, NY, 10003.
CY2022Q2 us-gaap Lease Income
LeaseIncome
3502033 usd
CY2022Q3 us-gaap Related Party Transaction Due From To Related Party Noncurrent
RelatedPartyTransactionDueFromToRelatedPartyNoncurrent
421001 usd
crtd Shares Of Common Stock
SharesOfCommonStock
240571 shares
crtd Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
240571 shares
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
87275 usd
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
72328 usd
crtd Expected Dividend Yield Percentage
ExpectedDividendYieldPercentage
0 pure
CY2022Q1 crtd Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
1519857 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.75
crtd Stock Issuance Costs
StockIssuanceCosts
75000 usd
CY2022Q1 crtd Stock Issued Period For Service
StockIssuedPeriodForService
7488 usd
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
8364 usd
CY2022Q2 crtd Restricted Common Stock
RestrictedCommonStock
185000 shares
CY2022Q2 crtd Stock Issued Period For Service
StockIssuedPeriodForService
192400 usd
CY2022Q2 crtd Restricted Common Stock
RestrictedCommonStock
50000 shares
CY2022Q2 crtd Stock Issued Period For Service
StockIssuedPeriodForService
37200 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2405 usd
CY2022Q2 crtd Stock Issued Period For Service
StockIssuedPeriodForService
29387 usd
CY2022Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
24001 usd
CY2022Q3 crtd Gross Proceeds
GrossProceeds
796000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
541021 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.75
crtd Weighted Average Remaining Contractual Lifein Years Beginning Balance
WeightedAverageRemainingContractualLifeinYearsBeginningBalance
P3Y3M7D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1850588 shares
crtd Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
6.32
crtd Share Based Compensation Award Options Weighted Average Remaining Contractual Life Granted
ShareBasedCompensationAwardOptionsWeightedAverageRemainingContractualLifeGranted
P6Y2M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
64164 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
13.06
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2327445 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.63
crtd Weighted Average Remaining Contractual Lifein Years Outstanding Ending Balance
WeightedAverageRemainingContractualLifeinYearsOutstandingEndingBalance
P4Y3M14D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
608524 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.75
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2902619 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.07
crtd Weighted Average Remaining Contractual Lifein Years Beginning Balance
WeightedAverageRemainingContractualLifeinYearsBeginningBalance
P4Y8M15D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1940000 shares
crtd Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
1.38
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
434352 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
13.56
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4408267 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.93
crtd Weighted Average Remaining Contractual Lifein Years Outstanding Ending Balance
WeightedAverageRemainingContractualLifeinYearsOutstandingEndingBalance
P4Y5M4D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3010101 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.12
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y3M25D
CY2022Q1 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
920000 usd
crtd Option Outstanding Exercise Price
OptionOutstandingExercisePrice
3.93
crtd Option Outstanding Number Outstanding
OptionOutstandingNumberOutstanding
4408267 shares
crtd Option Outstanding Weighted Average Remaining Contractual Lifein Years
OptionOutstandingWeightedAverageRemainingContractualLifeinYears
P4Y5M4D
crtd Option Exercisable Weighted Average Exercise Price
OptionExercisableWeightedAverageExercisePrice
4.12
crtd Option Exercisable Number Exercisable
OptionExercisableNumberExercisable
3010101 shares
crtd Option Exercisable Weighted Average Remaining Contractual Lifein Years
OptionExercisableWeightedAverageRemainingContractualLifeinYears
P4Y3M25D
CY2018Q4 crtd Grant Options
GrantOptions
11667 shares
CY2018Q4 crtd Fair Value
FairValue
57123 usd
CY2022Q3 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
4100729 usd
crtd Unvested Employee Options Description
UnvestedEmployeeOptionsDescription
As of September 30, 2022, there was $1,283,111 of total unrecognized compensation expense related to unvested employee options granted under the Company’s share-based compensation plans that is expected to be recognized over a weighted average period of approximately 1.21 years.
crtd Warrant Holder Shares
WarrantHolderShares
1275261 shares
crtd Exercise Warrant Shares
ExerciseWarrantShares
1438788 shares
crtd Proceed From Warrant Exercises
ProceedFromWarrantExercises
5472068 usd
CY2022Q3 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
1090908 shares
us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
3067617 usd
us-gaap Dividends Cash
DividendsCash
410750 usd
CY2021Q2 crtd Underwriting Agreement
UnderwritingAgreement
46667 shares
CY2021Q3 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
480863 usd
crtd Additional Warrent
AdditionalWarrent
1740948 shares
crtd Deemeds Dividend
DeemedsDividend
303557 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
6150000 shares
CY2022Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2929303 usd
CY2020Q2 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
799000 usd
CY2020Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
660000 usd
CY2020Q2 us-gaap Interest Expense Other
InterestExpenseOther
139000 usd
CY2022Q3 us-gaap Operating Leases Indemnification Agreements Description
OperatingLeasesIndemnificationAgreementsDescription
On July 28, 2022, the Company signed a 3-year lease for approximately 1,364 square feet of office space at 1674 Meridian Ave.
CY2022Q3 us-gaap Lease Income
LeaseIncome
181299 usd
CY2022Q3 crtd Impaired Asset
ImpairedAsset
101623 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
148446 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5568 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
154015 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
241601 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
154108 usd
us-gaap Lease Cost
LeaseCost
395709 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
54564 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.125 pure
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
534880 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
541905 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
513507 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
528589 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
544122 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
892399 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3555402 usd
CY2022Q3 crtd Less Amounts Representing Interest
LessAmountsRepresentingInterest
1140416 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2414986 usd
CY2022Q3 crtd Less Current Operating Lease
LessCurrentOperatingLease
279593 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2135393 usd
CY2022Q3 crtd Rent Expense
RentExpense
154015 usd
CY2021Q3 crtd Rent Expense
RentExpense
67397 usd
crtd Rent Expense
RentExpense
395709 usd
crtd Rent Expense
RentExpense
121266 usd
CY2021Q1 crtd Stockholders Equity Requirement
StockholdersEquityRequirement
On September 2, 2022, the Company received a letter from the staff of The Nasdaq Capital Market notifying the Company that the Nasdaq Hearings Panel has determined to delist the Company’s common stock from the Exchange, based on the Company’s failure to comply with the listing requirements of Nasdaq Rule 5550(b)(1) as a result of the Company’s shareholder equity deficit for the period ended June 30, 2022, as demonstrated in Company’s Quarterly Report on Form 10-Q filed on August 15, 2022, following the Company having not complied with the market value of listed securities requirement in Nasdaq Rule 5550(b)(2) on March 1, 2022, while the Company was under a Panel Monitor, as had been previously disclosed.
CY2022Q2 us-gaap Description Of Postemployment Benefits
DescriptionOfPostemploymentBenefits
On April 5, 2022, upon the recommendation of the Compensation Committee of the Board, the Board approved employment agreements with, and equity issuances for, (i) Jeremy Frommer, Executive Chairman, who will receive (a) an signing award of $80,000, (b) an annual salary of $420,000; (c) 121,000 options, to vest immediately with a strike price of $1.75, and (d) 50,000 shares of the Company’s restricted common stock; (ii) Laurie Weisberg, Chief Executive Officer, who will receive (a) an annual salary of $475,000; (b) 121,000 options, to vest immediately with a strike price of $1.75, and (c) 50,000 shares of the Company’s restricted common stock; (iii) Justin Maury, Chief Operating Officer & President, who will receive (a) an annual salary of $475,000 (b) 81,000 options, to vest immediately with a strike price of $1.75, and (c) 50,000 shares of the Company’s restricted common stock; and (iv) Chelsea Pullano, Chief Financial Officer, who will receive (a) an annual salary of $250,000; (b) 37,000 options, to vest immediately with a strike price of $1.75, and (c) 35,000 shares of the Company’s restricted common stock (collectively, the “Executive Employment Arrangements”). 
CY2022Q3 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
475000 usd
CY2022Q1 crtd Purchase Price Per Share
PurchasePricePerShare
1
crtd Schedule Of Excess Purchase Price Amounts
ScheduleOfExcessPurchasePriceAmounts
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%">Goodwill</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">8,950</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Trade Names &amp; Trademarks</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,949</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Know-How and Intellectual Property</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">107,392</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Website</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,949</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Customer Relationships</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">44,747</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt">Excess purchase price</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">178,987</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left; padding-bottom: 1.5pt">Know-How and Intellectual Property</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">166,655</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt">Excess purchase price</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">166,655</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%">Goodwill</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">6,683</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Trade Names &amp; Trademarks</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,704</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Know-How and Intellectual Property</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,704</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Website</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,704</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Customer Relationships</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">10,023</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt">Excess purchase price</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">66,818</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
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