Iconic Brands, Inc. (ICNB) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9172,191457264191 
Cash and cash equivalents9172,191457264191 
Receivables1,302852334547114 
Inventory, net of allowances, customer advances and progress billings1,5551,228508574258
Inventory1,5551,228508574258 
Other undisclosed current assets55075 27  
Total current assets:4,3244,3461,2991,411563 
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization5,0873,07545137
Operating lease, right-of-use asset    224
Property, plant and equipment7,4625,55711(106)  
Intangible assets, net (including goodwill)1,08537,586   
Goodwill  15,977    
Intangible assets, net (excluding goodwill)1,08521,610    
Other undisclosed noncurrent assets400142 902  
Total noncurrent assets:14,03546,361561,157  
TOTAL ASSETS:18,35950,7071,3552,568563 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,9122,7133,0901,8531,31192
Accounts payable5,1111,6711,44473817592
Accrued liabilities8159591,6351,108986 
Other undisclosed accounts payable and accrued liabilities98683107150 
Debt5,0695,0457813128(294)
Disposal group, including discontinued operation      3,691
Other liabilities45132    
Due to related parties    40  
Other undisclosed current liabilities9538,760165 665
Total current liabilities:12,97916,6513,1832,0291,3404,154
Noncurrent Liabilities
Long-term debt and lease obligation2632,836 49  
Long-term debt, excluding current maturities263     
Liabilities, other than long-term debt4,757     
Operating lease, liability4,7572,836 49
Other undisclosed noncurrent liabilities  9,271  2,2613,382
Total noncurrent liabilities:5,01914,943 492,2613,382
Total liabilities:17,99931,5943,1832,0783,6017,537
Equity
Equity, attributable to parent, including:36019,113(1,828)490(2,422)(7,537)
Preferred stock0    0
Common stock10791171551
Treasury stock, value   517   
Additional paid in capital72,04656,74922,43021,28318,7988,956
Accumulated deficit(70,992)(36,961)(26,497)(22,926)(21,233)(16,124)
Other undisclosed equity, attributable to parent (801)(765)1,7052,1197(368)
Equity, attributable to noncontrolling interest  (1,153)(1,040)(615) 
Other undisclosed equity   2,3062,080  
Total equity:36019,113(675)1,530(3,037)(7,537)
Other undisclosed liabilities and equity   (1,153)(1,040)(0) 
TOTAL LIABILITIES AND EQUITY:18,35950,7071,3552,568563 

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

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2012
Revenues14,7454,9602731,210566 
Other income    (1,107)
Cost of revenue  (1,330)(734)(325)(87)
Cost of goods and services sold      
Other undisclosed gross profit(11,213)(4,629)2,576   
Gross profit:3,5323311,518476241(87)
Operating expenses(20,449)(10,593)(4,717)(3,807)(2,500)(20)
Operating loss:(16,917)(10,262)(3,198)(3,331)(2,259)(107)
Nonoperating income (expense)(13,889)(243) 1,999  
Investment income, nonoperating    1,999  
Other nonoperating income (expense)14(243)    
Interest and debt expense(793)(272)  (1,377)(46)
Loss from continuing operations before equity method investments, income taxes:(31,599)(10,777)(3,198)(1,332)(3,636)(153)
Other undisclosed loss from continuing operations before income taxes     (1,215) 
Loss from continuing operations before income taxes:(31,599)(10,777)(3,198)(1,332)(4,851)(153)
Other undisclosed income from continuing operations   3,088   
Loss from continuing operations:(31,599)(10,777)(110)(1,332)(4,851)(153)
Loss before gain (loss) on sale of properties:(10,777)(110)(1,819)(4,851)(76)
Income (loss) from discontinued operations    (487) 77
Other undisclosed net income (loss)62,406  (2,559)  
Net income (loss):30,806(10,777)(110)(4,378)(4,851)(76)
Net income (loss) attributable to noncontrolling interest35  (425)(693) 
Other undisclosed net income (loss) attributable to parent(61,648)272(3,462)8491,387(108)
Net loss available to common stockholders, diluted:(30,806)(10,505)(3,572)(3,954)(4,157)(184)

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2012
Net income (loss):30,806(10,777)(110)(4,378)(4,851)(76)
Comprehensive income (loss):30,806(10,777)(110)(4,378)(4,851)(76)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest35  (425)(693) 
Comprehensive income (loss), net of tax, attributable to parent:30,842(10,777)(110)(4,803)(5,544)(76)

Statements Sources

The financial statements are based on the Company's filings with 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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