Iconic Brands, Inc (ICNB) financial statements (2020 and earlier)

Company profile

Business Address 44 SEABRO AVENUE
AMITYVILLE, NY 11701
State of Incorp. NV
Fiscal Year End December 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2012
12/31/2011
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,370191 
Cash and cash equivalents1,370191 
Receivables454114 
Inventory, net of allowances, customer advances and progress billings719258
Inventory719258 
Other undisclosed current assets27  
Total current assets:2,570563 
Noncurrent Assets
Finance lease, right-of-use asset67
Operating lease, right-of-use asset101
Property, plant and equipment15  
Intangible assets, net (including goodwill)1,450 
Goodwill1,450  
Other undisclosed noncurrent assets(101)  
Total noncurrent assets:1,532  
TOTAL ASSETS:4,102563 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6711,31192
Accounts payable16517592
Accrued liabilities1,448986 
Other undisclosed accounts payable and accrued liabilities58150 
Debt34728(294)
Due to related parties250  
Disposal group, including discontinued operation  3,691
Other undisclosed current liabilities(286) 665
Total current liabilities:1,9821,3404,154
Noncurrent Liabilities
Long-term debt and lease obligation18  
Operating lease, liability18
Other undisclosed noncurrent liabilities 2,2613,382
Total noncurrent liabilities:182,2613,382
Total liabilities:1,9993,6017,537
Stockholders' equity
Stockholders' equity attributable to parent, including:2,102(2,422)(7,537)
Preferred stock  0
Common stock1451
Additional paid in capital20,77518,7988,956
Accumulated deficit(21,302)(21,233)(16,124)
Other undisclosed stockholders' equity attributable to parent2,6167(368)
Stockholders' equity attributable to noncontrolling interest(1,051)(615) 
Other undisclosed stockholders' equity2,102  
Total stockholders' equity:3,154(3,037)(7,537)
Other undisclosed liabilities and equity(1,051)(0) 
TOTAL LIABILITIES AND EQUITY:4,102563 

Income statement (P&L) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2012
12/31/2011
Revenues802566 
Other income (1,107)
Cost of revenue(392)(325)(87)
Gross profit:411241(87)
Operating expenses(4,181)(2,500)(20)
Operating loss:(3,770)(2,259)(107)
Interest and debt expense (1,377)(46)
Loss from continuing operations before equity method investments, income taxes:(3,770)(3,636)(153)
Other undisclosed loss from continuing operations before income taxes (1,215) 
Loss from continuing operations:(3,770)(4,851)(153)
Income from discontinued operations  77
Net loss:(3,770)(4,851)(76)
Net income (loss) attributable to noncontrolling interest400(693) 
Other undisclosed net income (loss) attributable to parent 1,387(108)
Net loss available to common stockholders, diluted:(3,370)(4,157)(184)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2012
12/31/2011
Net loss:(3,770)(4,851)(76)
Comprehensive loss:(3,770)(4,851)(76)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest400(693) 
Comprehensive loss, net of tax, attributable to parent:(3,370)(5,544)(76)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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