Iconic Brands, Inc. (ICNB) financial statements (2022 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2012
12/31/2011
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 457264191 
Cash and cash equivalents 457264191 
Receivables 334547114 
Inventory, net of allowances, customer advances and progress billings 508574258
Inventory 508574258 
Other undisclosed current assets  27  
Total current assets: 1,2991,411563 
Noncurrent Assets
Finance lease, right-of-use asset 45137
Operating lease, right-of-use asset  224
Property, plant and equipment 11(106)  
Other undisclosed noncurrent assets  902  
Total noncurrent assets: 561,157  
TOTAL ASSETS: 1,3552,568563 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3,0901,8531,31192
Accounts payable 1,44473817592
Accrued liabilities 1,6351,108986 
Other undisclosed accounts payable and accrued liabilities 107150 
Debt 7813128(294)
Due to related parties  40  
Disposal group, including discontinued operation    3,691
Other undisclosed current liabilities 165 665
Total current liabilities: 3,1832,0291,3404,154
Noncurrent Liabilities
Long-term debt and lease obligation  49  
Operating lease, liability  49
Other undisclosed noncurrent liabilities   2,2613,382
Total noncurrent liabilities:  492,2613,382
Total liabilities: 3,1832,0783,6017,537
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,828)490(2,422)(7,537)
Preferred stock    0
Common stock 171551
Treasury stock, value 517   
Additional paid in capital 22,43021,28318,7988,956
Accumulated deficit (26,497)(22,926)(21,233)(16,124)
Other undisclosed stockholders' equity attributable to parent 1,7052,1197(368)
Stockholders' equity attributable to noncontrolling interest (1,153)(1,040)(615) 
Other undisclosed stockholders' equity 2,3062,080  
Total stockholders' equity: (675)1,530(3,037)(7,537)
Other undisclosed liabilities and equity (1,153)(1,040)(0) 
TOTAL LIABILITIES AND EQUITY: 1,3552,568563 

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2012
12/31/2011
Revenues 2731,210566 
Other income   (1,107)
Cost of revenue (1,330)(734)(325)(87)
Other undisclosed gross profit 2,576   
Gross profit: 1,518476241(87)
Operating expenses (4,717)(3,807)(2,500)(20)
Operating loss: (3,198)(3,331)(2,259)(107)
Nonoperating income
(Investment Income, Nonoperating)
  1,999  
Interest and debt expense   (1,377)(46)
Loss from continuing operations before equity method investments, income taxes: (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: (3,198)(1,332)(4,851)(153)
Other undisclosed income from continuing operations 3,088   
Loss from continuing operations: (110)(1,332)(4,851)(153)
Income (loss) from discontinued operations  (487) 77
Loss before gain (loss) on sale of properties: (110)(1,819)(4,851)(76)
Other undisclosed net loss  (2,559)  
Net loss: (110)(4,378)(4,851)(76)
Net loss attributable to noncontrolling interest  (425)(693) 
Other undisclosed net income (loss) attributable to parent (3,462)8491,387(108)
Net loss available to common stockholders, diluted: (3,572)(3,954)(4,157)(184)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2012
12/31/2011
Net loss: (110)(4,378)(4,851)(76)
Comprehensive loss: (110)(4,378)(4,851)(76)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (425)(693) 
Comprehensive loss, net of tax, attributable to parent: (110)(4,803)(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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