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
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9172,7984,6987,5892,1915,683
Cash and cash equivalents9172,7984,6987,5892,1915,683
Receivables1,3024,6335,3984,0308522,829
Inventory, net of allowances, customer advances and progress billings1,5551,8512,8593,1821,2281,615
Inventory1,5551,8512,8593,1821,2281,615
Other undisclosed current assets550564526528752,387
Total current assets:4,3249,84613,48115,3294,34612,513
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization5,0875,1295,3125,4913,075589
Property, plant and equipment7,4627,5537,2867,3125,5571,880
Intangible assets, net (including goodwill)1,08524,50235,99336,79037,58623,487
Goodwill  5,28215,97715,97715,97716,492
Intangible assets, net (excluding goodwill)1,08519,22020,01620,81321,6106,995
Other undisclosed noncurrent assets40042142122414216,219
Total noncurrent assets:14,03537,60649,01349,81746,36142,175
TOTAL ASSETS:18,35947,45262,49465,14650,70754,688
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,9126,4676,2224,4822,7133,255
Accounts payable5,1114,6424,4773,3751,6711,096
Accrued liabilities8151,0021,1429239592,160
Other undisclosed accounts payable and accrued liabilities98682360218483 
Deferred revenue      351
Debt5,0695,0805,0455,0455,0455,050
Other liabilities45177177132132 
Other undisclosed current liabilities9538,9582,1982,6698,760285
Total current liabilities:12,97920,68313,64212,32816,6518,942
Noncurrent Liabilities
Long-term debt and lease obligation2635,0765,2205,2262,836 
Long-term debt, excluding current maturities263159147   
Liabilities, other than long-term debt4,757     
Operating lease, liability4,7574,9175,0735,2262,836 
Other undisclosed noncurrent liabilities  (4,917)15,13115,1269,27121,477
Total noncurrent liabilities:5,0195,07625,42525,57712,10721,477
Total liabilities:17,99925,75839,06737,90631,59430,419
Equity
Equity, attributable to parent, including:36021,69323,42727,24019,11324,270
Preferred stock0 0   
Common stock10710797979189
Additional paid in capital72,04671,73568,30068,02156,74957,541
Accumulated deficit(70,992)(49,277)(44,099)(40,019)(36,961)(32,498)
Other undisclosed equity, attributable to parent (801)(872)(871)(859)(765)(862)
Equity, attributable to noncontrolling interest      
Total equity:36021,69323,42727,24019,11324,270
TOTAL LIABILITIES AND EQUITY:18,35947,45262,49465,14650,70754,688

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

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues8823,1626,6544,0478942,846
Cost of revenue 9,673(2,547)(4,921) 2,795(2,151)
Cost of goods and services sold  (2,547)(4,921)  (2,151)
Other undisclosed gross profit(11,213)  (2,205)(4,629) 
Gross profit:(659)6151,7341,842(940)695
Operating expenses(5,408)(4,641)(5,589)(4,810)(3,661)(4,041)
Operating loss:(6,067)(4,026)(3,856)(2,969)(4,601)(3,345)
Nonoperating income (expense)(15,577)2,107(236)(183)234(475)
Other nonoperating income (expense)(3)9(236)(183)234(475)
Interest and debt expense(174)(192)(244)(183)  
Other undisclosed loss from continuing operations before equity method investments, income taxes     (272) 
Loss from continuing operations:(21,818)(2,110)(4,336)(3,335)(4,638)(3,821)
Loss before gain (loss) on sale of properties:(2,110)(4,336)(3,335)(4,638)(3,821)
Other undisclosed net income 61,787192244183  
Net income (loss):39,969(1,919)(4,092)(3,152)(4,638)(3,821)
Net income (loss) attributable to noncontrolling interest(71)11294  
Other undisclosed net income (loss) attributable to parent(61,541)(1)(12)(94)272 
Net loss available to common stockholders, diluted:(21,644)(1,919)(4,092)(3,152)(4,366)(3,821)

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income (loss):39,969(1,919)(4,092)(3,152)(4,638)(3,821)
Comprehensive income (loss):39,969(1,919)(4,092)(3,152)(4,638)(3,821)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(71)1    
Comprehensive income (loss), net of tax, attributable to parent:39,897(1,918)(4,092)(3,152)(4,638)(3,821)

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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