v3.19.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,370,302 $ 191,463
Accounts receivable (less allowance for doubtful accounts of $26,513 and $0, respectively) 192,937 113,506
Inventories 719,148 258,270
Notes receivable from related parties of Green Grow Farms, Inc. 287,700
Total current assets 2,570,087 563,239
Right-of-use asset 66,817
Leasehold improvements 15,000
Intellectual property and production rights intangible asset 1,450,000
Total assets 4,101,904 563,239
Current liabilities:    
Current portion of operating lease liability 49,272
Accounts payable and accrued expenses 1,670,949 1,311,475
Loans payable to officer and affiliated entity-non-interest bearing and due on demand 11,722 28,091
Notes payable 250,000
Total current liabilities 1,981,943 1,339,566
Non-current portion of operating lease liability 17,545
Derivative liability on warrants 2,261,039
Total liabilities 1,999,488 3,600,605
Stockholders' equity (deficiency):    
Preferred stock, $.001 par value; authorized 100,000,000 shares:  
Common stock, $.001 par value; authorized 200,000,000 shares, 13,502,324 and 5,440,312 shares issued and outstanding respectively $ 13,502 $ 5,440
Common stock to be issued to Escrow Agent, $.001 par value; 0 and 534,203 shares, respectively $ 534
Additional paid-in capital $ 20,774,601 $ 18,798,438
Accumulated deficit (21,302,141) (21,233,083)
Total Iconic Brands, Inc. stockholders equity (deficiency) 3,153,655 (2,422,066)
Noncontrolling interests in subsidiaries and variable interest (1,051,239) (615,300)
Total liabilities and stockholders' equity (deficiency) 4,101,904 563,239
Preferred Class C [Member]    
Stockholders' equity (deficiency):    
Preferred stock, $.001 par value; authorized 100,000,000 shares: 1
Preferred Class D [Member]    
Stockholders' equity (deficiency):    
Preferred stock, $.001 par value; authorized 100,000,000 shares:
Preferred Class E [Member]    
Stockholders' equity (deficiency):    
Preferred stock, $.001 par value; authorized 100,000,000 shares: 3,442 6,603
Preferred Class F [Member]    
Stockholders' equity (deficiency):    
Preferred stock, $.001 par value; authorized 100,000,000 shares: 3,664,250
Preferred Class A [Member]    
Stockholders' equity (deficiency):    
Preferred stock, $.001 par value; authorized 100,000,000 shares: $ 1 $ 1

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