v3.19.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Consolidated Statements of Operations (Unaudited)        
Sales $ 267,619 $ 217,139 $ 534,826 $ 422,409
Cost of Sales 120,790 125,304 271,031 244,556
Gross profit 146,829 91,835 263,795 177,853
Operating expenses:        
Officers compensation 103,750 429,588 393,250 432,795
Professional and consulting fees (including stock-based compensation of $0, $0, $775,900 and $23,250, respectively) 147,048 76,370 1,014,133 147,777
Royalties 25,243 21,074 178,710 (47,338)
Special promotion program with customer 597,138
Marketing and advertising 305,222 58,724 389,103 310,779
Occupancy costs 47,312 48,070 102,867 128,564
Travel and entertainment 92,400 34,683 236,114 143,984
Other 430,023 43,849 715,654 147,411
Total operating expenses 1,150,998 712,358 3,029,831 1,861,110
Income (loss) from operations (1,004,169) (620,523) (2,766,036) (1,683,257)
Other income (expense):        
Income (expense) from derivative liability 304,224 314,072
Interest expense (10,139) (29,699)
Amortization of debt discounts (6,135) (107,846)
Other income 12,665 12,665
Total other income (expense) - net 300,615 189,192
Net income (loss) (1,004,169) (319,908) (2,766,036) (1,494,065)
Net loss (income) attributable to noncontrolling
interests in subsidiaries and variable interest entity 35,846 12,494 435,939 451,593
Net income (loss) attributable to Iconic Brands, Inc. $ (968,323) $ (307,414) $ (2,330,097) $ (1,042,472)
Net income (loss) per common share:        
Basic and diluted $ (0.08) $ (0.05) $ (0.24) $ (0.16)
Weighted average common shares        
outstanding and to be issued to Escrow Agent:
Basic and diluted 12,525,768 6,376,120 9,742,957 6,346,400

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