Iconic Brands, Inc (ICNB) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2012
12/31/2011
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 264191 
Cash and cash equivalents 264191 
Receivables 547114 
Inventory, net of allowances, customer advances and progress billings 574258
Inventory 574258 
Other undisclosed current assets 27  
Total current assets: 1,411563 
Noncurrent Assets
Finance lease, right-of-use asset 137
Operating lease, right-of-use asset 224
Property, plant and equipment (106)  
Other undisclosed noncurrent assets 902  
Total noncurrent assets: 1,157  
TOTAL ASSETS: 2,568563 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,8531,31192
Accounts payable 73817592
Accrued liabilities 1,108986 
Other undisclosed accounts payable and accrued liabilities 7150 
Debt 13128(294)
Due to related parties 40  
Disposal group, including discontinued operation   3,691
Other undisclosed current liabilities 5 665
Total current liabilities: 2,0291,3404,154
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: 2,0783,6017,537
Stockholders' equity
Stockholders' equity attributable to parent, including: 490(2,422)(7,537)
Preferred stock   0
Common stock 1551
Additional paid in capital 21,28318,7988,956
Accumulated deficit (22,926)(21,233)(16,124)
Other undisclosed stockholders' equity attributable to parent 2,1197(368)
Stockholders' equity attributable to noncontrolling interest (1,040)(615) 
Other undisclosed stockholders' equity 2,080  
Total stockholders' equity: 1,530(3,037)(7,537)
Other undisclosed liabilities and equity (1,040)(0) 
TOTAL LIABILITIES AND EQUITY: 2,568563 

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2012
12/31/2011
Revenues 1,210566 
Other income  (1,107)
Cost of revenue (734)(325)(87)
Gross profit: 476241(87)
Operating expenses (3,807)(2,500)(20)
Operating loss: (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: (1,332)(3,636)(153)
Other undisclosed loss from continuing operations before income taxes  (1,215) 
Loss from continuing operations: (1,332)(4,851)(153)
Income (loss) from discontinued operations (487) 77
Loss before gain (loss) on sale of properties: (1,819)(4,851)(76)
Other undisclosed net loss (2,559)  
Net loss: (4,378)(4,851)(76)
Net loss attributable to noncontrolling interest (425)(693) 
Other undisclosed net income (loss) attributable to parent 8491,387(108)
Net loss available to common stockholders, diluted: (3,954)(4,157)(184)

Comprehensive Income ($ in thousands)

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

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: